minority investors is enhanced when the legal system provides mechanisms for minority shareholders to bring lawsuits when they have reasonable grounds to believe that their rights have been violated. The

provision of Class Action in the Thai legal system results from the endeavor of the Securities and Exchange Commission, Thailand (“SEC") to resolve the problem that the damaged investors could not get

thAIlAnd | 10landscape Laws and institutions Thailand has a civil law legal system with some common law influence, particularly in the framework for corporate governance. The Public Limited Companies Act

supplemented as Section 222/1 to Section 222/49 under the Civil Procedure Code of Thailand. The additional provision of Class Action in the Thai legal system results from the endeavor of the Securities and

judicial system. Recommendations:  Asian legal systems should continue to improve regulatory and judicial enforcement capacity to allow shareholders, especially non-controlling shareholders, to seek legal

regulators and relevant parties. The strategic priorities may be adjusted if changing circumstances so require. 5. Achieving its strategic priorities As the SEC operates within a legal framework, the SEC will

Supervising Those who are in Contact with Investors ■ Promotion of Good Corporate Governance ■ Development of Legal Framework to Afford Better Protection for Clients’ Assets and Provide Mechanism for Investors

the monopoly status of the Stock Exchange of Thailand through demutualization, and liberalize securities business licensing and brokerage fee. Other strategies include reform of legal framework and tax

Governance (ESG) criteria for loan extension under the legal framework, operational procedures and regulations in accordance with international standards.  Investment: We take into account human rights as a

Information ● Supervision of Professionals Who Provide Information for Investors ● Development of Laws or System to Enhance Investorûs Rights 41 GOAL 3 Promote Integrity of the Market, Intermediaries, and All