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
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
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