position and disclosure obligations. 7.3.2 The board should ensure that the company has sound financial mitigation plans that consider stakeholder rights including creditor rights. The board should monitor
a third party such as an audit firm, a law firm, or any other juristic person? A: Yes. The law does not specify any prohibition on the matter. The appointee can be either an ordinary person or a
309 (Director, manager, or person damages, destroys juristic person's property.) Section 310 (Director or manager acts to prevent creditor from receiving payment.) Section 311 (Director or manager acts
responsibilities of the chairman and the CEO. The Stock Exchange of Thailand (“SET") has also announced the SET Regulation Re: Listing of Ordinary Shares or Preferred Shares as Listed Securities (No.6) B.E. 2020
executive of company. Q: Does the term, “director" include “director of creditor" in case of a company entering the rehabilitation process? A: In case of a company entering the rehabilitation process in
relations The type and amount of transaction Whether it is a market price or a fair price Whether the conditions are in accordance with ordinary business Necessity and reasonableness / opinion of the Audit
ordinary persons up to 10 years from the fund's registration date (currently, a 10% dividend tax is compulsory and can be paid in the form of withholding tax); exemption on value-added tax (VAT)/Specific