reprimand, administrative fine, restriction of business operation, business suspension and license revocation, etc. In this regard, the scope of power of the order issuers varies depending on the level of
Commerce. This topic measures the strength of minority shareholder protection against directors' misuse of corporate assets for their personal gain as well as shareholder rights, governance safeguards and
), while Transparency International (TI) defines corruption as an abuse of entrusted power for private gains, in both public and private sectors. The European Union defines corruption as the abuse of
statements. The scope of power and duties is clearly specified. Directors / executives must not have untrustworthy characteristics pursuant to the specified criteria and have their names on the database
related associations The SEC has the power to make an order for the directors or members to clarify about facts of the associations. The SEC or the officers are empowered to enter the association during the
adviser, and (b) reasonableness of the assumption (Section 89/9). The adviser hired by the board must be responsible to the board. Should the adviser is found to have provided false information, the board