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
services are efficient, transparent, and examinable, in a bid to promote confidence towards, and integrity and security of, the overall financial system, and to improve the competitiveness and image of the
Insurance Commission; Other agencies, for example, Damrongtham Center, the Federation of Accounting Professions, the Digital Government Development Agency (Public Organization) (DGA) for Integrity and
shaping was done in the area of issuer integrity. All public companies were encouraged to set their own definitions for eligibility of independent directors, to exceed the minimum standard. All directors
corporate governance while promoting awareness and use of the OECD Principles of Corporate Governance as well as the OECD Guidelines on Corporate Govern- ance of State-Owned Enterprises. In addition to being
of interest. Under these guidelines, it is advised that the Board members should not be appointed as members of more than four sub- committees or steering groups to ensure efficiency of duty
institutions must also pass a fit and proper test, and can be rejected and removed by the BoT. Guidelines for banks and other financial institutions have additional norms, including a risk committee for the
to Seek Compensation ■ Amendment to the Regulations Relating to Rights of Shareholders in Public Offering of Securities G OA L 3 Promote Integrity of the Market, Intermediaries, and All Other Related
Information ● Supervision of Professionals Who Provide Information for Investors ● Development of Laws or System to Enhance Investorûs Rights 41 GOAL 3 Promote Integrity of the Market, Intermediaries, and All
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