Boardroom Flash Vol.1/2014 Foreign Exchange Regulations for Good Corporate Governance by Directors
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Policy Brief : Foreign Exchange Regulations for Good Corporate Governance by Directors
The volume of international trade and investment has been continuously increasing, having a multiplier effect on the volume of international capital flows in the connected global financial markets. The turbulence effects in one financial market certainly spills over to the others. The Thai MOF and BOT has relaxed foreign exchange regulation under the Capital Account Liberalization Roadmap in order to provide flexibility for the real sector in conducting foreign exchange transactions. Familiarity with the foreign exchange regulations will assist directors in performing good corporate governance for sustainability.
Policy Alert
- The Security and Exchange amended the rules, report procedures and disclosures of Financial Statement and Result of Operation reports for Listed Company or the 56-1 reports effectively on January 1st, 2014.
- Bank of Thailand issued a circulation, dated January 21st, 2014, on the revision of the Repatriation Waiver and Omission Request Form
CG News Update
- The SEC Board approved the Sustainability Development Roadmap for listed companies to be resilient through the global development, dynamic national strategies and economic challenges.
- Corporate Governance trend on Cyber security and information technology should be the priority for the board of directors around the world in 2014.
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