competition law. However, if co-operation does not involve issues of corporate control, or conflict with concerns about market efficiency and fairness, the benefits of more effective ownership may still be
increase flexibility and effectiveness in business operations by delegating other persons, who are prepared to operate the business under the principle of principal-agent relationship. SEC has held three
request of policymakers, the World Bank can also carry-out special policy reviews that focus on specific sectors, in particular for banks and state-owned enterprises. > Assessments can be updated to measure
, mission, and objectives, as well as to be able to address the factors identified above, the SEC has agreed four strategic priorities as follows: 4.1 Strengthening efficiency and attractiveness of the Thai
, effectiveness, transparency and fairness. This includes the safeguard measures against damage and fraud as well as procedures to ensure accuracy and reliability of SEC financial statements which shall be audited
of the Thai economy and capital market. Local investors were active as the international investors were net buyers of shares. Equally important, such confidence and trust can be attributed in large
of interest. Under these guidelines, it is advised that the Board members should not be appointed as members of more than four sub- committees or steering groups to ensure efficiency of duty
as the reform of market institutions and infrastructure to enhance their effectiveness and efficiency. Furthermore, the Plan gives high priority to the systematic promotion of good governance in all
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
by proposing the 15 Principles of Good Corporate Governance as preliminary guidelines for them to implement. In 2006, the Principles were revised to be comprehensive and comparable to the Principles of