mutual fund management company, the designated employee must hold a position which will not cause conflicts of interest concerning the fund management, or hold a position that assumes the highest
specified by law, and at least two of whom having management experience at listed or securities firms. Expert board members each hold office for four-year term and upon completion of their term may be
limitations (the case of holding more than one-third of total outstanding units over one year) Actions to be taken to comply with the “one-third" rule: Any person shall not hold investment units exceeding
benefit of beneficiaries, according to terms set out in a trust instrument. A trustee of an infrastructure trust must hold a license granted by the SEC and be independent from the trust manager
have shown that the Thai capital market’s rules and regulations on corporate governance practices are in accordance with international standards, lead the ASEAN countries, and hold a top three position
expert in the fields of law, accounting and finance, separately; Secretary-General as commissioner and secretary. Chairman, expert commissioners and secretary-general each hold office for a four-year term
dispose of the assets at the earliest opportunity, except that the unitholders accept the assets as debt repayment instead of cash. 2) I nclusion in the fund: The funds may continue to hold the assets