. In response to such change, the SEC closely monitors mega trends in international markets and aims to ensure the Thai capital market regulatory framework does not impede new developments. Equity

Enron’s accounting scandal and the demise of its audit firm, ‘Andersen’, Barton (2005) found that clients who were more attracted to investors’ attention moved from Andersen sooner to other Big 5 at that

or person who may have conflicts of interest that may impede the exercise of independent judgment, and any relationship that causes the inability to freely give comments on the operation of the

or person who may have conflicts of interest that may impede the exercise of independent judgment, and any relationship that causes the inability to freely give comments on the operation of the

or person who may have conflicts of interest that may impede the exercise of independent judgment, and any relationship that causes the inability to freely give comments on the operation of the

business relationship with the securities company, parent company, subsidiary company, affiliate company or person who may have conflicts of interest that may impede the exercise of independent judgment, and

may have conflicts of interest that may impede the exercise of independent judgment, and not have any characteristic that causes the inability to freely give comments on the operation of the derivatives

impede the proceeding of the SEC Office; (6) record or any other past demeanor which indicates inappropriateness to be a personnel in the capital market business or director of the derivatives exchange or

scandal and neither the BoT nor the SEC are fully independent of the government and Ministry of Finance (MoF). The Ministry also excerpts influence through SEPO. SOEs also still face a range of governance

would impede the ability of these individuals to perform their required business activities for the issuer. For example, this could include whether any of the issuer’s directors also serve as directors