might leave shareholders and other stakeholders with uncertainty concerning their status and implementation. When codes and principles are used as a national standard or as a complement to legal or
shaping was done in the area of issuer integrity. All public companies were encouraged to set their own definitions for eligibility of independent directors, to exceed the minimum standard. All directors
Transactions Given the prevalence of large shareholders and company groups, minority shareholder protection is a key issue. Related party transactions are a common feature of business in Asia. Related entities
. ■ Licenses for inter-dealer brokers - A Ministerial Regulation was proposed to enable the SEC to issue securities business licenses to those who wish to act as intermediaries to find suitable counter-parties
market to develop market diversification, expand investor base, and develop hedging tools that would support full-scaled, comprehensive transactions. The first priority issue of securities trading
standards to ensure that all practitioners are fit and proper ë Issue rules and regulations for authorization and operation of securities businesses ë Issue rules and regulations governing asset management
board member, thereby allowing his/her chosen candidate to win that seat. Pre-emptive rights: Pre-emptive rights give existing shareholders a chance to purchase shares of a new issue before it is offered
issue bonds with the value of B260 billion in the fiscal year 2008. The market is expecting the Ministry of Finance to issue larger size of long-term bonds in each auction. It is also expected that the
Exchange Commission the power to issue and revoke securities business licenses as well as the power to approve additional types of securities businesses and specify paid-up registered capital thereof. These
capital market supervision is crucial and necessary. The regulations under this Notification set a standard for operation of securities clearing houses and central securities depositories so that their