Board's and the SEC's operation to ensure transparency, efficiency and integrity of the organization. 14 C o r p o r a t e R e v i e w 2. Corporate Governance Implementation The SEC's corporate governance
to Seek Compensation ■ Amendment to the Regulations Relating to Rights of Shareholders in Public Offering of Securities G OA L 3 Promote Integrity of the Market, Intermediaries, and All Other Related
shaping was done in the area of issuer integrity. All public companies were encouraged to set their own definitions for eligibility of independent directors, to exceed the minimum standard. All directors
: Ability to identify common goals and collaborate with relevant parties to achieve the best outcomes. Integrity: Being trustworthy, accountable and respecting the rule of laws and good governance
market confidence and business integrity, which in turn is essential for companies that need access to equity capital for long term investment. Access to equity capital is particularly important for future
services are efficient, transparent, and examinable, in a bid to promote confidence towards, and integrity and security of, the overall financial system, and to improve the competitiveness and image of the
and integrity to enforce these standards actively and even-handedly; and oversee the effectiveness of the accounting and audit professionals. Priority 4: Board performance needs to be improved by
Information ● Supervision of Professionals Who Provide Information for Investors ● Development of Laws or System to Enhance Investorûs Rights 41 GOAL 3 Promote Integrity of the Market, Intermediaries, and All
power to appoint steering groups in support of the Board's and the SEC's operation to ensure transparency, efficiency and integrity of the organization. SEC Statement 11 C O R P O R A T E R E V I E W12 In
choose a default investment plan for members, for example, a life path-oriented plan that would adjust members? investment portfolios automatically and appropriately as they approach the retirement age