of the business, the company’s operations, relevant law and standards, and other applicable obligations. The board should support all directors in updating and refreshing their skills and knowledge
establishment, market development had concentrated more on the secondary market where trading of transferable securities was the main activity than the budding primary market where businesses issued securities
Additional rules in case of concentrated allocation Concentrated allocation is allocation to any person more than five percent of the approved number of shares, which must comply with additional rules as
investment units shall not be concentrated in the holding of any individuals or any groups of persons which could exercise power over fund management and exploit the fund for own benefits such as tax avoidance
allocation of shares for Initial Public Offering (“IPO shares") which are allocated to sponsors and related parties (“RP") are prescribed to prevent concentrated allocation to sponsors and RP which will enable
directors in updating and refreshing their skills and knowledge necessary to carry out their roles on the board and board committees. Guidelines 3.8.1 The board should ensure that newly appointed