for public offerings. Also a concern at the initial stage of development was the overlapped market supervision under the authority of multiple agencies as seen in the following areas: Securities
company or public limited company which is newly established for operating securities business in the said category mutual fund management under this Ministerial Regulation. Clause 3 Limited company or
specific law as specified by the SEC and published in the Government Gazette; or (6) newly established limited company or public limited company to undertake securities business in the category of private
commences does not deprives the shareholders of their rights under Section 105 of the Public Limited Companies Act, provided that the shareholders holding at least one third of the total shares sold propose
Gazette; or (6) newly established limited company or public limited company to undertake securities business in the category of private fund management under this Ministerial Regulation whose shares are
advisor. (5) Directors, managers, the executives of the investment banking unit adhering to professional code of ethics of financial advisor, integrity, and commitment to going-concern business; having
governance practices and providing support for listed company’s directors and executives in creating sustainable growth. CSR in process: Listed companies operate with social and environmental concern and
detected by the auditor and the internal auditor, but later is found out by the public, will the independent director be held responsible for such misconduct as well? A: An independent director is also a