shorten and streamline our work processes to better support innovations and development. Concrete outcome of the Program will be seen in 2010. Thirachai Phuvanatnaranubala Secretary-General 5 SEC Board

checklists will be further refined for better effectiveness and ensure important issues are covered. The guidelines will also be developed into case studies to educate staff. • We reviewed standards and

of listed securities of leading companies in the region. Such regional integration has already proven to be an effective strategy for improving liquidity, as seen from the example of exchanges in

Annual Report 2006 Khon... the classical masked drama since the Ayudhya period (A.D. 1350-1767). It is performed to the epic of Ramayana, which portrays the war between Rama (the Righteous King) and Totsakan (the Demon King), the Conquer of Good over Evil. Khon masks... headdresses worn by Khon performers, the single most important character-identifying piece of Khon costume. The masks, now an invaluable export item, epitomize the exquisite beauty and unique elegance of Thai fine arts. In Suppor...