program and offering of new shares to the public by the private sector. Mechanism for investors to protect themselves were also much enhanced with the introduction of the dispute settlement through
representative organisations and other stakeholders, is an G20/OECD PRINCIPLES OF CORPORATE GOVERNANCE © OECD 2015 15 effective way of doing this. Mechanisms should also be established for parties to protect their
to others. these rights protect shareholders from dilution of value and control when new shares are issued. Shareholder agreement: An agreement between shareholders on the administration of the company
possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect the
possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect the
undertaking as well as to protect investors? best interest.?The four key areas are:?1. Provisions on Stock Exchange: The proposed revisions include (1) granting the power to approve the rules on securities
is to determine in what situations categorical rules (i.e. norms that apply uniformly, without permitting many exceptions based on “relevant facts and circum- stances”) more effectively protect
/04, 1:07 AM30 3131 (Goal 2) SCE_Eng_p.17-32 10/29/04, 1:07 AM31 32 Apart from equipping investors with investment knowledge to protect their rights, an effective mechanism will help protecting
result in an inability to acquire the benefits to Company and for shareholders as when the investment was previously approved. In such case, it is viewed that the Company shall terminate or sell the
Office, and the Bank of Thailand, for the purposes of supervising and examining the financial status and risks of members. 8 Clause 19 To preserve the public interest and to protect investors, a securities