, associate company, sister company, major shareholder or controlling person in the form of collective decision. However, a member of the Audit Committee is prohibited from taking part in the decision-making
frameworks for recruitment of officers, remuneration determination, and evaluate the performance of the Board, the Capital Market Supervisory Board, the SEC office, the subcommittee and the Secretary-General
for developing organizational governance, as well as frameworks for recruitment of officers, remuneration determination, and evaluate the performance of the Board, the Capital Market Supervisory Board
considering the independence of each committee. Q: Can former executive serve as audit committee? A: Definition of audit committee specified that audit committee shall be director who does not take part in
specified in the relevant Notifications of Capital Market Supervisory Board. Independent directors are an important part of the oversight to promote good corporate governance and protect company’s and
in practice to assess business environment in each economy. In its Doing Business 2020 report, the World Bank Group ranked Thailand 21st among the 190 participating economies worldwide on the overall
Governance Code 2017 Detail Content CG Code Part 1 Principles and Sub-Principles Principle 1 Establish Clear Leadership Role and Responsibilities of the Boar d Principle 2 Define Objectives that Promote