, and establishing provident funds. 6. The board should demonstrate a thorough understanding of the company’s shareholder structure and its impact on the control and management of the company. 7. The
fairly. The role, duties and responsibility of directors/ executives The board of directors has a good understanding of its roles, duties, and responsibilities to the shareholders who are the public and
effectively throughout all aspects of the value chain to enable the company to meet its objectives. Guidelines 5.3.1 The board should have a thorough understanding of the company’s resource needs to support
of Business Development, the Ministry of Commerce, were able to clarify and create better understanding of the application and the spirit of the relating Acts and regulations made thereunder
demonstrate a thorough understanding of its leadership role, assume its responsibilities in overseeing the company, and strengthen good governance, including: (1) defining objectives; (2) determining means
experience in reviewing the reliability of financial statements. Rights of Shareholders and Institutional Investors “Shareholders” are considered company’s owners who control the company indirectly by
through new or amended regulations with practitioners to ensure their correct understanding and implementation, and to assign an officer to take care of each company under the SEC supervision. 2. Monitoring