are to maintain efficient, M.R. Pridiyathorn Devakula Chairman Message from the Chairman A n n u a l R e p o r t 2 0 0 6 3 Thirachai Phuvanatnaranubala Secretary-General The economic expansion was on
● Development of Debt Instrument Secondary Market Expansion of Investor Base and Distribution Channels for Investors and Promotion of Investment Culture ● Additional Mutual Fund Management Licenses in the Thai
institutions in the US revealed their losses from US subprime investments. Worries over recession of the real estate sector in the US stock market led to investors' portfolio adjustments and capital outflows. In
Expansion of Investor Base and Distribution Channels Coupled with Promotion of Investment Culture ■ Additional Mutual Fund Management Licenses to Promote Professional Management in the Thai Capital Market
does not change significantly in 2005, though the pace of growth may slow down, in line with a declining trend in global economic expansion. Various negative factors that impacted economic growth in the
power to choose or remove the CEO, and may still put the interest of the controlling shareholder over other shareholders. Capital markets Thailand’s real GDP expanded by an average of 4 percent per year
monitor- ing of audit and accounting standards should be overseen by bodies independent of the profession. A strong disclosure system that promotes real transparency is a pivotal part of market-based
the gap between household savings and investment in the real economy. As a consequence, good corporate governance will reassure shareholders and other stakeholders that their rights are protected and