. Recently, there are an increasing numbers of companies interesting in raising funds through initial public offerings (IPO) of securities and being listed on either the Stock Exchange of Thailand (SET) or the

. The SEC has continued its policies to improve good corporate governance among listed companies with more emphasis on (1) information disclosure in the annual reports, (2) increasing independence and

. The SEC has continued its policies to improve good corporate governance among listed companies with more emphasis on (1) information disclosure in the annual reports, (2) increasing independence and

agenda and resolutions. This is a good sign of increasing awareness in shareholders? rights. Shareholders themselves have also made satisfactory improvements as seen in increased AGM attendance, in-depth

timely disclosure of meeting agenda and resolutions. This is a good sign of increasing awareness in shareholders? rights. Shareholders themselves have also made satisfactory improvements as seen in

, 2004. As Chairman of ?Capital Market for Students?, Mr. Thirachai Phuvanat naranubala, SEC Secretary-General, revealed that a major aim of this project is to increasing the role of the private sector

possibility of increasing number of independent directors. In some other developed countries, 50% of the board of directors are required to be independent. As for listed companies? directors to understand

domestic investors? needs along with intensified globalize capital market linkages and increasing capital in-outflow. As a result, to enhance our Thai capital market attractiveness to both domestic and

diversification and the increasing cross-border offering of debt securities among ASEAN markets. More and easier access to voluntary rating information will be useful for Thai and foreign investors alike

while also increasing measures for protecting investors. For example, the offering of bills of exchange will be limited to a certain number of investors, and a representative of debenture holders will be