acts as the oversight body, is overseen by an independent body. Such an auditor oversight body must operate in the public interest, and have an appropriate membership, an adequate charter of
DODD-FRANK ACT • Financial crisis revealed behemoth players in financial industry were not overseen by any regulatory authority • Dodd-Frank mandated additional SEC oversight on PE and HF firms JUNE 22
unitary board is overseen by an internal auditor’s body, the principles applicable to the board are also, mutatis mutandis, applicable. As the definition of the term “key executive” may vary among
standards should be overseen by bodies independent of the pro- fession. Recommendations: Asian Roundtable economies should work towards convergence with high quality internationally recognised standards and
a financial institution or a juristic person in a foreign country which has legitimacy to operate business in sale or acceptance of redemption of investment units under the law of such country and
in a foreign country, the management company shall appoint a financial institution or a juristic person in a foreign country which has legitimacy to operate business in sale or acceptance of redemption
Exchange Act B.E. 2535 (1992); (7) a cause concerning the legitimacy of the meeting resolution which approves an issuance of shares for the offering under this Notification in a nature that causes unfairness
other stakeholders on ESG issues 12 Building knowledge & skills Efficiency Enhanced power & legitimacy Example: Investor working group on sustainable palm oil 13 Source: PRI (2022), Investor Working Group
or insurance business. This collects assets and manages them on behalf of beneficiaries or clients; its obligation is to preserve and enhance value on their behalf. It is usually overseen by some form
], a management company shall appoint an institution of finance or juristic person established in a foreign country which has legitimacy to sell investment unit or receive investment unit redemption