has considered additional facts and the study results of the changed cost structure. It was found that the continuation of the project on the basis of the existing guidelines could result in offering no
many of the recommendations from earlier versions as continuing essential components of an effective corporate governance framework. They also introduce some new issues and bring greater emphasis or
development by enhancing the performance of companies and increasing their access to outside capital. The OECD Principles of Corporate Governance provide the framework for the work of the World Bank Group in
equity ownership. (i) The corporate governance framework should ensure that disclosure is made in a timely, accurate and equitable manner on all material matters regarding the corporation, including the
, Thailand 2004 was a very challenging year for Thai economy and the capital market. We were faced successively with the adverse impacts of the SARs, the bird flu, and the oil price increases. But despite
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
, the Amendments to the Royal Enactment on Special Purpose Juristic Persons for Securitization of 1997, and the laws governing the liberalization of securities businesses. The robust legal framework shall
mechanism of investor protection and the SEC efficiency and integrity. Operational framework and assessment procedures were issued later to facilitate the evaluation of the strategic plan's effectiveness. 1.2
parties to offset price discrepancy or close-out position. In addition, the SEC has also prescribed rules regarding the registration and licensing to undertake derivatives businesses as derivatives agent
regulators and relevant parties. The strategic priorities may be adjusted if changing circumstances so require. 5. Achieving its strategic priorities As the SEC operates within a legal framework, the SEC will