through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined. The Principles do not intend to prejudice or second-guess the
interests of stakeholders but communicate to the public how these interests are being taken into account. The public and private sectors should continue to develop performance-enhancing mechanisms that
development by enhancing the performance of companies and increasing their access to outside capital. The OECD Principles of Corporate Governance provide the framework for the work of the World Bank Group in
) shall together select another arbitrator to be the chairman of the arbitrator panel. If the respondent refuses to have three arbitrators or the respondent does not show his intention whether or not to
arbitrator panel. If the respondent refuses to have three arbitrators or the respondent does not show his intention whether or not to have three arbitrators within the specified period of time, it shall be
arbitrator panel. If the respondent refuses to have three arbitrators or the respondent does not show his intention whether or not to have three arbitrators within the specified period of time, it shall be
Corporate Finance 33 Broker-Dealer 36 Asset Management 43 Investment Adviser 48 Enforcement 53 Market 57 International Cooperation 60 Corporate Affairs Appendices 63 Capital Market Performance 2002-2004 69
performance, unless necessary. The Minister of Finance shall specify remunerations of the SEC Board and sub-committees. The SEC Board approved the establishment of procedures for the preparation of agendas and
Code in the course of their duty performance. Effective since October 1, 2007, the SEC Board members are required to file reports declaring their conflicts of interest, including those of their spouses
objectives. Therefore, the SEC places strong emphasis on outcome-based development of employee competencies to ensure effective job performance for the benefit of investors, other stakeholders and the general