equity ownership. (i) The corporate governance framework should ensure that disclosure is made in a timely, accurate and equitable manner on all material matters regarding the corporation, including the
market confidence and business integrity, which in turn is essential for companies that need access to equity capital for long term investment. Access to equity capital is particularly important for future
development by enhancing the performance of companies and increasing their access to outside capital. The OECD Principles of Corporate Governance provide the framework for the work of the World Bank Group in
procedures to promote long-term investment and saving through long term equity fund (LTF), reforming the IPO subscription process to ensure fair accessibility for all investors, as well as continuing to
Supervising Those who are in Contact with Investors ■ Promotion of Good Corporate Governance ■ Development of Legal Framework to Afford Better Protection for Clients’ Assets and Provide Mechanism for Investors
, the Amendments to the Royal Enactment on Special Purpose Juristic Persons for Securitization of 1997, and the laws governing the liberalization of securities businesses. The robust legal framework shall
mechanism of investor protection and the SEC efficiency and integrity. Operational framework and assessment procedures were issued later to facilitate the evaluation of the strategic plan's effectiveness. 1.2
market confidence, reducing systemic risk, and protecting investors, the SECûs 2004-2007 strategic plan covers the supervision and development in the area of: equity market, debt instrument market, mutual
actions with respect to risk management: (1) establish a written comprehensive risk management policy framework that covers all risk areas, with approval of its board of directors or the working group
regulators and relevant parties. The strategic priorities may be adjusted if changing circumstances so require. 5. Achieving its strategic priorities As the SEC operates within a legal framework, the SEC will