GOVERNANCE TO A HIGHER LEVEL 2011 This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official

rules and regulations on corporate governance whether or not they were in line with international standards. ● Revised rules on issuance and offering of warrants by taking into consideration the fairness

on the public, a public hearing seminar is usually held. In this connection, although the SEC does not have a formal procedure to assess costs of compliance with the regulation, related input is

raw material for electricity production, was not renewed. In addition, with the operation being discontinued for about 2 years, Akkrawat has to conduct public hearings in the neighborhood; and has to

comprises three members from the SEC Board who are not the SEC's management and independent from the SEC's operation. Their terms in office are synchronized with their board members' terms. On January 16

also issue directives to comply with relevant securities law and regulation. However the SEC may not initiate civil actions in court and may not collect damages on behalf of shareholders. In addition

sources of funds to handle risks arising from connected services. In cases where a central securities depository desires to provide tiered participation arrangements with another central securities

appointed by the Cabinet upon recommendation of the Minister of Finance with a term of four years and may be re-appointed but shall not hold office for more than two consecutive terms; The SEC Board has the

competition law. However, if co-operation does not involve issues of corporate control, or conflict with concerns about market efficiency and fairness, the benefits of more effective ownership may still be

one of the most important tools for re-enforcement of the financial market structure. This is because it enables investors to prevent and manage risks that are associated with the volatility of the