Base http://siteresources.worldbank.org/DATASTATISTICS/Resources/GDP_PPP.pdf and World Federation of Stock Exchanges. *Common law traditions and ** Civil law traditions 2 Corporate Governance in Asia

decision on appropriate forms of alliance with foreign counterparts to support future trading linkage;2. Supervision of Securities Business: Licensing provisions would be amended to grant the Securities and

achieved continual growth despite the emergence and persistence of multiple risk factors such as higher oil prices, global economic slowdown especially in trade alliance countries, exchange rate volatility

securities companies to strengthen their competitiveness by establishing business alliance and network with foreign counterparts and to enhance their offshore experience by gradually allowing them to make

,such as the Stock Exchange of Thailand, Thai Listed Companies Association, Federation of Thai Capital Market Organizations, Association of Securities Companies, Association of Investment Management

Insurance Commission; Other agencies, for example, Damrongtham Center, the Federation of Accounting Professions, the Digital Government Development Agency (Public Organization) (DGA) for Integrity and

of Commerce, Thai Institute of Directors, State Enterprise Policy Office in the Ministry of Finance, Federation of Accounting Professions, Social Security Office, Government Pension Fund, and

Federation of Accounting Professions to issue interpretations on six principles to plug this loophole, with more to follow. To tighten the enforcement of company directors’ behaviour, we set up a disciplinary

environment. Good Governance Development & Alliance Department The Stock Exchange of Thailand Tel. 02-229-2000 E-Mail Address : cgcenter@set.or.th Corporate Governance Center Committee Professor Hiran Radeesri