22. The DPA protects Baht deposits and accrued interest of both individuals and legal
persons. The types of accounts under DPA protection include current accounts, savings accounts,
fixed deposit accounts, certificates of deposit, deposit receipts, and other deposit accounts under
different names with obligations to pay back depositors. However, Non-Resident Baht Accounts,
derivative-embedded deposits, and interbank deposits are excluded from the deposit protection
scheme.
23. Several measures have been taken by the SEC in collaboration with the SET and the
Thai Institute of Directors to enhance corporate governance standards. Examples of these
measures are the requirement that companies obtain approval to issue and offer for sale securities
to protect investors from unfair practices and ensure the availability of adequate information for
making investment decision in accordance with international standards and the Investment
Governance Code for institutional investors.
24. For financial institutions and financial business groups, the BoT focuses on enhancing
corporate governance and management systems. In May 2018, the BoT revised the regulations
on (i) fit and proper criteria of the director, manager, person with power of management, and
advisor of the financial institution, (ii) the directors' responsibilities in financial institution
management, (iii) the establishment of the board of directors and subcommittees including their
composition, qualifications, and responsibilities, and (iv) disclosure of information. Moreover, the
BoT has recently revised the Handbook for Directors of Financial Institutions to be in line with the
changing environment by focusing on the roles and responsibilities of the board for each aspect of
governance.
D. Main Findings
Responsibilities, Objectives, Powers, Independence, and Cooperation (CPs 1–3, and 13)
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