possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect the
market confidence and business integrity, which in turn is essential for companies that need access to equity capital for long term investment. Access to equity capital is particularly important for future
companies are increasingly active in investing abroad. For their own equity to be acceptable in mergers and acquisitions, corporate governance standards must be high. Ownership A defining characteristic of
end, the market must have strong fundamentals in that transactions in the market must proceed with efficiency and fairness through intermediaries that provide quality services, and that users of the
now well-positioned for a new chapter. In this regard, while a great deal has been achieved, I believe that the years ahead call for much more work and cooperative efforts. We must continue to be pro
have an impact on the overall capital market, with the provision that the business operators must select a service provider from the list of service providers approved by SEC. In addition, the draft
all to understand and consider the issue as a priority. Those involved in the capital market must walk together into the right direction, share the same goal and be ready to turn to each other for
performance, unless necessary. The Minister of Finance shall specify remunerations of the SEC Board and sub-committees. The SEC Board approved the establishment of procedures for the preparation of agendas and
Introduction Good corporate governance (CG) is an essential characteristic of listed companies. Having good CG means that the company has efficient, transparent, and auditable management systems that create