corporate governance while promoting awareness and use of the OECD Principles of Corporate Governance as well as the OECD Guidelines on Corporate Govern- ance of State-Owned Enterprises. In addition to being
that govern trading on its facilities is therefore an important element of the corporate governance framework. What traditionally were called “stock exchanges” today come in a variety of shapes and forms
shareholders acting in concert. The SEC has a large staff and pays competitive salaries The SEC is operation- ally independent, but reports to the govern- ment and MoF The SET is state owned and has broker
market capitalization from 1.3 trillion baht in 2000 to 4.5 trillion baht by the end of 2004. At the same time, the SET index climbed from 269.19 to 668.1, driven by the impressive recovery of corporate
financial instruments, risk management tools to support capital market development for business sectors, and greater investment alternatives for the public. These efforts have been driven concurrently with
, market discipline, and self-discipline. Regulatory Discipline This is driven by the public sector through an issuance of rules and regulations. The objectives are to maintain fairness, prevent unfair
for capital raising and mobilization, and become an effective catalyst for sustainable progress and prosperity of the Thai capital market in the years to come. Thailand economic direction is driven by a