board‟s responsibilities inherently demand the exercise of objective, independent judgement. However, given the ownership structure in Asia, directors often remain appointees of controlling shareholders

managers from across the globe. Liquidity in the money market and high cash levels among institutional investors are also favourable factors on the demand side of the market. The newly-launched program of

, the resources of supervisory, regulatory and enforcement authorities may come under strain. As a result, in order to follow developments, they will have a significant demand for fully qualified staff to

services are efficient, transparent, and examinable, in a bid to promote confidence towards, and integrity and security of, the overall financial system, and to improve the competitiveness and image of the

, or debentures that are payable on demand or have maturity of less than one year. Such instruments will be less affected than those with longer maturity from the changes in interest rates. Such fund is

adjustment to 5 percent at the end of the first half of the year. For the latter half of the year, lower inflation rate, expectation of lower policy rate in 2007 coupled with high demand in debt securities

SEC plans to revise the criteria on the maintenance of the net capital (NC) of securities and derivatives business operator. SEC has, therefore, conducted a public hearing on this matter, in

SEC plans to revise criteria on the delegation of other persons to operate a business on behalf of the operators of securities, investment management, and derivative contract business in order to

Fund Approval and Management System (“OFAM”). In addition, the amendment would expand channels for announcement of dividend payment such as websites of asset management companies.    The paperless

COUNTRY ASSESSMENT Thailand January 2013 Acknowledgements This assessment of corporate governance in Thailand has been prepared by David Robinett, Ratchada Anantavrasilpa, and Catherine Hickey of the World