Reform Priorities in Asia: Taking Corporate Governance to a Higher Level Taking Corporate Governance to a Higher Level reform priorities in Asia 2011 REFORM PRIORITIES IN ASIA: TAKING CORPORATE GOVERNANCE TO A HIGHER LEVEL 2011 This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. This document and any m...
year before reaching the lowest level of 616.75 points on January 9. This was due to political uncertainty, the central bank's 30 percent capital reserve requirement and the proposed amendments to the
two parts, the principles themselves and the recommended best practices. Nonetheless, this document does not include the issues concerning CG that have already been specified in laws and regulations
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
use of financial innovations.Therefore, the SEC has proposed amendment to the paid-up capital rules to be issued in three notifications by taking into consideration stakeholders? comments and
additional clarity to others. While some of the Principles may be more appropriate for larger than for smaller companies, it is suggested that policymakers may wish to raise awareness of good corporate
stakeholders’ rights 6. The proposed rule is considered by the relevant sub-committee The sub-committee members are representatives from the private sector, external experts. 7. Seek approval from SEC
involved agreed with the principles proposed by the SEC and added the principle of flexibility, in order that the business operators will be able to put this into practice effectively. The public hearing
reference to the Organisation for Economic Co-operation and Development (OECD)’s guidelines and the SET’s good CG principles ● Proposed amendments to the SEC Act to expand the scope of responsibilities of
Industry and Be a Firm and Fair Regulator ● Proposed Changes of the Structure of the SEC ● Procedures for Issuing Rules and Regulations Governing the Capital Market ● Roles of the SEC as Law Enforcement