position to curb unfair voting practices. 3. Shareholders should have the opportunity to ask questions to the board, including questions relating to the annual external audit, to place items on the agenda of
institutions should be adequately resourced, credible and accountable, and work closely and effectively with other domestic and external institutions. They should be supported by a credible and efficient
Report on the Observance of Standards and Codes (ROSC) CORPORATE GOVERNANCE COUNTRY ASSESSMENT Thailand JANUARY 2013 Report on the Observance of Standards and Codes (ROSC) CORPORATE GOVERNANCE COUNTRY ASSESSMENT Thailand January 2013 Acknowledgements This assessment of corporate governance in Thailand has been prepared by David Robinett, Ratchada Anantavrasilpa, and Catherine Hickey of the World Bank Global Capital Markets Practice, as part of the Reports on Observance of Standards and Codes Pro...
are representatives from the private sector, external experts. 7. Seek approval from SEC Board/CMSB/SEC Office before drafting the notification * 8. Draft the notification: Draft notifications shall
administrative procedures, information, and duty of government officers. Issuance of Rules and Regulations The SEC employs a variety of public consultation mechanisms, which include processes through sub
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
, appoint the external auditor, and make decisions on any transactions that affects the company, such as dividend payment, amendments to the company’s articles of association or bylaws, capital increases or
uncertainty and external challenges led by record-high oil prices, fluctuation of foreign capital flows at rapid speed and in high volume, and US subprime mortgage crisis. Yet, the Thai capital market succeeded
of an administrative sanction, external experts will be invited to join the committee to ensure that the decision follows international standards of the private sector involved. Additionally, the
of an administrative sanction, external experts will be invited to join the committee to ensure that the decision follows international standards of the private sector involved. Additionally, the