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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

being an important fund raising tool for businesses that would otherwise have to rely on a more expensive funding from the banking system, is also less risky than equity instrument and can also be a

level. To this end, effective and continu- ous consultation with the public is an essential element that is widely regarded as good practice. A few countries have identified „a champion‟ institution to

and a leading institution in the development of this market. 2.2 Develop financial instruments to facilitate dealersû operations and create liquidity in the debt instrument market such as the

serve as the basis for the Guidelines on corporate governance of banks issued by the Basel Committee on Banking Supervision, the OECD Guidelines on Insurer and Pension Fund Governance and as a reference

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holds an LL.M. in International Banking Laws from Boston University, USA. Mr. Thirachai Phuvanatnaranubala Mr. Thirachai is an ex-officio member and secretary of the Board. He has been Secretary- General

Secondary Mortgage Corporation. He graduated with an LL.B. (Honours) from Chulalongkorn University, Thailand and holds an LL.M. (International Banking Laws) from Boston University, USA. He is also a Barrister

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