possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect the
possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect 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
Board's and the SEC's operation to ensure transparency, efficiency and integrity of the organization. 14 C o r p o r a t e R e v i e w 2. Corporate Governance Implementation The SEC's corporate governance
. Thatûs why the SECûs 2004 operation plan will focus on two key areas. The supervision will ensure that transactions in the capital market comply with rules and regulations and are adequately fair. In
-General ]6 . . . . . . . . [ MESSAGE FROM THE SECRETARY-GENERAL ] (Mr. P rasa r n Tra i r a t vo raku l ) Sec re t a r y -Gene ra l In 2001 many measures of the SEC were put into operation. In our attempt
that time a great deal has changed in the Asian corporate governance landscape, in great measure due to the continued operation of the Asian Roundtable. Moreover, the OECD Principles were themselves
Court, which will cover the issues of bias, undue process or abuse of power. Moreover, the SEC has in place a process of operation, including a rule-making process, to prevent commercial or other sectoral
power to appoint steering groups in support of the Board's and the SEC's operation to ensure transparency, efficiency and integrity of the organization. SEC Statement 11 C O R P O R A T E R E V I E W12 In
asset business, and the requirement that any business operator that cannot maintain its net capital to meet the criteria must cease its business operation immediately in order to prevent any damage to