completing the selling share process, Akkrawat’s power plant business will no longer be a subsidiary of the Company. However, the mentioned transaction is considered as an acquisition and disposal of assets of
depository, as the case may be; (2) the power to direct or control acquisition, sale, or creation of encumbrances on shares; “assets received from or possessed for a member” means (1) assets that a securities
Supervising Those who are in Contact with Investors ■ Promotion of Good Corporate Governance ■ Development of Legal Framework to Afford Better Protection for Clients’ Assets and Provide Mechanism for Investors
granted by the SEC Board or the Minister of Finance. Statutory Power The SEC has powers and authorities under the SEC Act to regulate all aspects of the securities market. These include powers to grant or
power to appoint an audit committee, ad hoc sub-committees to perform specific assignments, and sub-committees to consider and give advice on the issuance of rules and regulations. The Board also has the
appointed within 60 days. Members of the Board who retire upon the expiration of the term of office may be re-appointed for another term. The SEC Board has the power to appoint the Audit Committee, ad hoc sub
not an explicit board power, and in turn some board members may see the interest of the company and the controlling shareholder as being largely the same thing. findings of the detailed Country
assigned to monitor irregularities in stock trading. 1.3 Regarding listed companies, preventive measures to avoid siphoning of company assets through connected transactions will be emphasized. There will be
undertaking as well as to protect investors? best interest.?The four key areas are:?1. Provisions on Stock Exchange: The proposed revisions include (1) granting the power to approve the rules on securities
established entities to oversee state-owned enterprises (SOEs) (for example, Temasek Holdings in Singapore, Khazanah Nasional in Malaysia, and the State-owned Assets Supervision and Administration Commission of