. While all the measures are continuing to be implemented in order to achieve the main goal of long-term development of the capital market, the SEC at the same time has announced that in 2002 it will focus

Thai economy. Reinforcing investors' confidence is an arduous and indispensable mission if the long-term growth of the capital market is to accomplish and sustain. To achieve such goal, the SEC endeavors

and Mission The SEC’s vision, mission and objectives aim at supervising and developing the capital market to be efficient, transparent, inclusive, reliable, and in accordance with international

and the SEC Secretary- General, and four to six expert members appointed by the Cabinet upon recommendation of the Minister of Finance, among whom there shall be at least one expert from each of the

additional clarity to others. While some of the Principles may be more appropriate for larger than for smaller companies, it is suggested that policymakers may wish to raise awareness of good corporate

should be read to include IAS. US GAAP is also recognised as an international standard although there are efforts underway to achieve convergence between the two. 18 REFORM PRIORITIES IN ASIA: TAKING

request of policymakers, the World Bank can also carry-out special policy reviews that focus on specific sectors, in particular for banks and state-owned enterprises. > Assessments can be updated to measure

UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Capital Market

of the Thai economy and capital market. Local investors were active as the international investors were net buyers of shares. Equally important, such confidence and trust can be attributed in large

by proposing the 15 Principles of Good Corporate Governance as preliminary guidelines for them to implement. In 2006, the Principles were revised to be comprehensive and comparable to the Principles of