recommending board training and evaluation and a recommendation on considering the establishment of specialized board committees in areas such as remuneration, audit and risk management. We look forward to the

) President Non-Executive Director (NED) Remuneration Committee /Compensation Committee Audit Committee Independent Director (ID) Committee Nomination Committee หมวดที่ 1 สิทธิของผู้ถือหุ้น R I G H T S O F S H

mechanism of investor protection and the SEC efficiency and integrity. Operational framework and assessment procedures were issued later to facilitate the evaluation of the strategic plan's effectiveness. 1.2

shaping was done in the area of issuer integrity. All public companies were encouraged to set their own definitions for eligibility of independent directors, to exceed the minimum standard. All directors

in accordance with international standards. One of the achievements during the year was the overall result of the Thai capital market assessment under the Financial Sector Assessment Program, a joint

effectiveness, including by moving to independent chairs and increasing oversight of management. 5 | coRPoRAte goveRnAnce Rosc FoR thAIlAnd landscape landscape The Corporate Governance ROSC assessment of Thailand

futures exchange and formulate risk management tools. Moreover, closed coordination will be made with foreign regulators while Thailand will participate in the assessment project called the Report on the

board‟s responsibilities inherently demand the exercise of objective, independent judgement. However, given the ownership structure in Asia, directors often remain appointees of controlling shareholders

) evaluated by a person with required knowledge and skills who is independent from the persons who formulate or administer the plan; (3) report the evaluation results under subclause (2) to the board of

enterprises, some of the regulations were revised by the SEC. The limit on shareholding requirement for independent directors were eased slightly so as to increase the potential number of such directors. The