(IASB), and made financial contributions to facilitate the ongoing efforts of the Federation of Accounting Professions (FAP) in the improvement of the Thai accounting standards toward convergence with the
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
Under the SEA, the SEC has the duty to promote, develop and supervise the Thai capital market to ensure reliability, transparency and fairness for all parties concerned. In fulfilling this mission, the
improving its website for accurate, complete and user-friendly information. 5.2 Human resources: Emphasis is made on the performance-based system where staff are encouraged to pursue self-improvement both in
fulfilling transparency requirements and to im- pose substantial sanctions for wrongdoing; (ii) clarifying and strengthening the duty of board members to act in the interest of the company and all of its
market participants generally confirm the extent of corporate governance improvement. The Bank of Thailand Act and the 2008 Financial Institutions Business Act grant the BoT wide ranging authority to
market.? Hence, we take all factors, such as growth, market development, social changes and disruptive technologies, into account in discharging such duty. These changes inevitably affect the way funds are
Principles of Corporate Governance - G20 version G 20/O E C D P rin c ip le s o f C o rp o ra te G o ve rn a n c e G20/OECD Principles of Corporate Governance ENG_Corporate Governance Principles_Cover.indd 3 27-Aug-2015 6:43:10 PM G20/OECD Principles of Corporate Governance OECD Report to G20 Finance Ministers and Central Bank Governors September 2015 G20/OECD PRINCIPLES OF CORPORATE GOVERNANCE © OECD 2015 3 Note by the OECD Secretary-General G20 Finance Ministers and Central Bank Governors Meet...
taxed accordingly. 3. Improvement of information in the debt instrument market. ■ Information of issuers - The SEC has amended regulations for the offering of debt instruments so that issuers have to
the appointment or during the period of duty performance, the appointed arbitrator shall disclose to the parties all facts that may give rise to justifiable doubts as to his impartiality or independence