structure Important points Who are the majority shareholders that can control the votes? Is there a check and balance among the majority shareholders? Are there other securities that may cause dilution effect
specified in the relevant Notifications of Capital Market Supervisory Board. Independent directors are an important part of the oversight to promote good corporate governance and protect company’s and
these groups to control the supply of shares in the stock exchange. Such criteria may be summarized as follows: 1. Criteria for allocation of IPO shares The definition of “sponsors" – persons who
transparency and accountability of the board of directors to build investor confidence. Such confidence is essential to raising capital and being a public listed company. Confidence is indeed important; it is
characteristics. Disclosure of information is complete and sufficient for making a decision to invest, and not misleading in substance Other qualifications Summary of important criteria in relation to the issuing
meeting. This would allow shareholders to take part in shareholder meetings more easily and promote the exercise of voting rights to control, monitor and participate in the decision making on important
strategies, plans and targets. b) Ensuring robust system for risk management and internal control c) Clearly defining management’s responsibilities d) Overseeing appropriate policies and plans for resource