enhancement in a number of markets. Large listed companies have sought to enhance their corporate governance as a means of both improving control mechanisms and better managing risks, and last but not least, to

in an audiovisual format in a bid to respond to the changing behaviors of investors, who tend to use the Internet more as a channel to receive information and do not spend as much time on reading

SEC plans to revise criteria on the delegation of other persons to operate a business on behalf of the operators of securities, investment management, and derivative contract business in order to

companies, both financial and non- financial. To the extent they are deemed applicable, they might also be a useful tool to improve corporate governance in companies whose shares are not publicly traded

all necessary basic infrastructure to enhance market competitiveness in the international arena 4. To maintain high professional standards of the SEC as a regulator To achieve effectively strategic

, which serves as a benchmark for internal audit activity in line with the professional requirement and enhance greater efficiency and effectiveness. ë Reviewed and proposed guidelines for handling

Annual Report 2003 A N N U A L R E P O R T 2 0 0 3 S E C U R IT IE S A N D E X C H A N G E C O M M IS S IO N & O F F IC E O F T H E S E C U R IT IE S A N D E X C H A N G E C O M M IS S IO N , T H A

) initiatives; ë To propose an adoption of civil proceedings to further enhance effectiveness of the enforcement measures. SEC Integrity ë To set up a risk management system and establish a risk management

of Good Corporate Governance for listed companies, and a new banking act and supporting regulation to improve bank corporate governance. The amendments to the SEA included clearer duties for directors

market as a whole and minimize impacts on the rights of involved parties. “Capital market”   is an intangible place, made up of stakeholders from securities issuers, investors, intermediaries, securities