uncertainty and external challenges led by record-high oil prices, fluctuation of foreign capital flows at rapid speed and in high volume, and US subprime mortgage crisis. Yet, the Thai capital market succeeded
amendments are expected to enhance flexibility and industry adjustment to the fast changing market environment;3. Supervision of Mutual Fund Management: The mutual fund governance structure would be revised to
. A n n u a l R e p o r t 2 0 0 6 17 ë Handling of Complaints Against SEC Staff The SEC implemented a quick and thorough procedure for effective handling complaints against the SEC staff to assure
, Thailand Capital Market Outlook for 2005 Economic Outlook Thailand is rated as one of the fast-growing economies in East Asia, with Gross Domestic Product (GDP) growth measured at 6.1% in 2004. The outlook
) Disclosure and transparency; The chapter identifies key areas of disclosure, such as the financial and operating results, company objectives, major share ownership, remuneration, related party transactions
around the globe become increasingly linked, our capital market is faced with new opportunities and challenges. In light of this fast changing environment, the Securities and Exchange Commission (SEC) in
will get all five seats, as s/he will always outvote the minority share- holder by 80:20. cumulative voting would allow the minority shareholder to cast all his/her votes (five times 20 percent) for one
shareholders to exercise their rights. Section 1 Rights of shareholders 61Section 1 Rights of shareholders Basic shareholder rights include the right to 1) buy, sell, or transfer shares 2) share in the profit of
all to understand and consider the issue as a priority. Those involved in the capital market must walk together into the right direction, share the same goal and be ready to turn to each other for
share- holders (through what is known as 'tunnelling' 3 ), or misrepresenting an individual company's financial statements (of particular concern where the company is under pressure to meet expectations