pressure from rising interest rates and costs of raw materials, lower buyers’ confidence and a significant increase in supply. In the banking sector, the Bank of Thailand (BOT)’s stricter policy on loan
of Good Corporate Governance for listed companies, and a new banking act and supporting regulation to improve bank corporate governance. The amendments to the SEA included clearer duties for directors
collaboration with the Stock Exchange of Thailand (SET), and relevant government and private sector agencies have formulated the Capital Market Master Plan to serve as the roadmap for market development. The main
information by filing registration statements and prospectuses to the SEC. Development of New Financial Instruments To increase new channels for business sector to mobilize fund while responding to the need of
control. REFORM PRIORITIES IN ASIA: TAKING CORPORATE GOVERNANCE TO A HIGHER LEVEL © OECD 2011 11 II. EXECUTIVE SUMMARY Priority 1: Public- and private-sector institutions should continue to make the
in accordance with international standards. One of the achievements during the year was the overall result of the Thai capital market assessment under the Financial Sector Assessment Program, a joint
process is in line with the Capital Market Development Plan in the area of building competitiveness and business sustainability. It is expected to reduce the volume of paper use of the business sector by
proposed amendment to the regulation relating to approval of paperless filing for establishment and management of mutual funds. The revision is intended to facilitate the business sector, reduce carbon
Sector Assessment Program (FSAP) in 2007. While the roadmap to securities business liberalization progresses along its path, so will the market supervision and development. We truly hope to see further
are representatives from the private sector, external experts. 7. Seek approval from SEC Board/CMSB/SEC Office before drafting the notification * 8. Draft the notification: Draft notifications shall