, risk factors, board members, etc. New issues in this 6 G20/OECD PRINCIPLES OF CORPORATE GOVERNANCE © OECD 2015 chapter include the recognition of recent trends with respect to items of non-financial

to train directors should continue, focusing on how board members should discharge their duties. (ii) To improve board performance and clarify decision-making, it is becoming good practice to

independence of some long-tenured board members and SOE directors. In practice, the controlling shareholder still has great influence board selection. The controlling shareholder may also pick the CEO, which is

Listed Companies SET defines CG as a set of structures and processes of the relationships between a company’s board of directors, its management and its shareholders to boost the company’s competitiveness

public. Moreover, the SEC strives to ensure that the conduct of SEC commissioners (“SEC Board”), the Capital Market Supervisory Board members, and SEC employees at all levels is consistent with SEC values

of interest. Under these guidelines, it is advised that the Board members should not be appointed as members of more than four sub- committees or steering groups to ensure efficiency of duty

trustees The move follows SEC hearing at the end of 2018 on the amendment of the regulations on the maintenance of capital of investment management companies that manage property funds and infrastructure

enterprises, some of the regulations were revised by the SEC. The limit on shareholding requirement for independent directors were eased slightly so as to increase the potential number of such directors. The

2/3 12/12 11/12 12/12 10/12 9/12 10/12 12/12 Holding office until 28/2/07 Holding office from 7/3/07 Holding office until 30/9/07 Holding office from 1/10/07 SEC Board Members Total Attendance/No. of

Discipline ● Proposed to amend the SEC Act to define clearer scope of responsibilities of listed companiesû directors and to empower investors in exercising their rights ● Cooperated with the SET in revising