the program is that it must be demonstrated that internal information is not used to the benefit the executives. Criteria for consideration Contribution must be regularly made to the program in order to
prescribed; Being able to demonstrate that such person is acknowledgeable and capable person in valuing the asset for widely used appraisal as prescribed; Not appearing that he possesses prohibited
follows: Protection of shareholders' right and fair treatment of shareholders Transparent and fair shareholding structure; Directors, executives and major shareholders do not have conflict of interests or
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securities or in default on a loan payment. 9. Not being in breach of the terms and conditions of the debt securities. 10. An approval for shares which may be used as underlying is granted (if any). 11. No
: The objectives The necessity for offering to sell at a discount The offering price / exercise price The market price being used to compare Dilution Opinions of the board of directors on the necessity
duties, responsibilities, relevant rules and related procedures; Where there are estimates, FAs shall render opinions on reasonableness and feasibilities of the assumptions employed in preparing the