funds 53 IPO size IPO size 93 78 91 56 79 20 18 59 48 38 47 Source: Morningstar complied by Research Department of Thai SEC Product values: 4 Target return at X% in Y months • Set a clear target return

50.50 101.00 202 404 2.00 5.00 10.00 25.00 50.00 100.00 200 400 1.99 4.98 9.95 24.90 49.75 99.50 199 398 1.98 4.96 9.90 24.80 49.50 99.00 198 396 Motivation • It is clear that trading activities are

independently and without bias, advancing beneficiary or client interests as their primary obligation. 1.3 Capacity and effective management Institutional investors should be led by boards and staff with the

company’s expense. 2.0 Leadership and independence 2.1 Chair and CEO The board should have independent leadership. There should be a clear division of responsibilities between the chairmanship of the board

firms, is the sponsor of this project. As a result, this study may face self selection bias. The participants are companies with lower adjustments than the non-participants. The non-participants may

, and our commitment to implementation consistent with our role and fiduciary responsibilities: Principle 1: Adopt a clear written Investment Governance Policy. Principle 2: Properly prevent and manage

our role and fiduciary responsibilities: Principle 1: Adopt a clear written Investment Governance Policy. Principle 2: Properly prevent and manage conflicts of interest and prioritise advancing the best

fiduciary responsibilities: 1. Adopt a clear written Investment Governance Policy 2. Properly prevent and manage conflicts of interest and prioritize advancing the best interest of clients. 3. Make informed

clear, it has been supplemented by a range of regulations and guidelines, many of which are still considered relevant or in force from several years before, even when more recent statements may cover the

continuity but also to avoid bias in the credit rating process. For example, in seeking to balance the objectives of continuity and bias avoidance, a CRA could assign a team of analysts to participate in