unlisted companies. Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure

governance frame- work. For instance, in Asia the prevalence of controlling shareholders might require more focus on independence of the board to monitor the management and effective protection of minority

the relationships among the management, board of directors, controlling shareholders, minority shareholders and other stakeholders. Good corporate governance contributes to sustainable economic

SET recommends that the boards of directors and management teams of listed companies comply with the principles to improve their systems of corporate governance to be internationally comparable. The

efforts in strengthening corporate governance in the industry. In the year ahead, countless different challenges are bound to arise and test our strengths, but I believe the SEC management and staff will

implementation of good corporate governance to strengthen investors' confidence in securities markets. In 2007, market capitalization of the Stock Exchange of Thailand (SET) totaled at 6,636 billion baht

, protection of investors? rights, and/or good governance, and (3) granting the SET Board of Governors the power to allow trading access to non-members of SET, which would enhance SET to have flexibility in its

Management 43 Investment Adviser 48 Enforcement 53 Market 57 International Cooperation 60 Corporate Affairs Appendices 63 Capital Market Performance 2002-2004 69 https://www.sec.or.th/EN/Documents/AnnualReport

. Kellogg Graduate School of Management, Northwestern University, USA, he taught at the National Institute of Development Administration (NIDA) before entering politics. M.R. Pridiyathorn Devakula M.R

will closely coordinate with the SET to monitor stock trading activities and solve the problem in advance. Another aspect of the supervisory task is to improve risk management procedures of securities