exceeding four persons appointed by the Minister of Finance as proposed by the Nomination Committee. Expert Board members must have qualifications and do not possess any prohibited characteristics as
strategies, plans and targets. b) Ensuring robust system for risk management and internal control c) Clearly defining management’s responsibilities d) Overseeing appropriate policies and plans for resource
place for the nomination and development of the chief executive officer and key executives to ensure that they possess the knowledge, skills, experience, and characteristics necessary for the company to
Nomination Committee, which is also appointed by the Minister of Finance. Expert Commissioners must have qualifications and do not possess prohibited characteristics as specified by law, and at least one
for the working field of asset appraisal, possess prohibited characteristics as prescribed; Not being ordered by the SEC to suspend functioning as appraisal company in capital market or being under the
over five years per period 2.1.2 Qualification of Approved Auditor An auditor to be granted approval by the SEC shall possess qualifications of an individual person and of the firm to
major shareholders and company’s executives. The Office of Securities and Exchange Commission requires that at least one third of the board be independent directors and fully possess characteristics as
confidence and promoting robust economic growth. The SEC also encourages listed companies to establish and implement anti-corruption measures and requires them to disclose such policy and performance in the