a committee serves as director in the company having high value of trading transactions, audit committee may be lack of independence in performing his/her duty. Q: Can audit committee be sibling? A
, deterring many companies from becoming ones. The dispersion of authority and supervision among several agencies and under several laws causes duplication of work, a lack of coherence and continuity. Besides
(4) lack of a proper or incomplete accounting system (5) lack of cash flow forecasts and other budgets (6) lack of a business plan (7) increasing debt (liabilities greater than assets), and (8
applying for approval to be the major shareholder of the securities company or in any other report required to be filed with the SEC Office or SEC; (10) has worked in the manner indicating lack of ethic or
regarding unfair securities trading activities. (7) not having the following prohibited behaviors; lack of professional ethics or violation of or non-compliance with the regulations
indicating cheat or dishonest, irresponsibility, reckless in respective of protection of clients’ benefit, lack of cautiousness or unfair or unreliable business conduct; (5) be able to show that its
in respective of protection of clients’ benefit, lack of cautiousness or unfair or unreliable business conduct; In case where shareholder under the first paragraph is a legal entity, its director or
respective of protection of clients’ benefit, lack of cautiousness or unfair or unreliable business conduct; (5) be able to show that its operational system will be prompt for operating securities business in
standards and ethics; (4) Having no prohibited characteristics specified such as having actions that indicate a lack of professional ethics or standard of conduct in performing the duties of financial