uncertainty and external challenges led by record-high oil prices, fluctuation of foreign capital flows at rapid speed and in high volume, and US subprime mortgage crisis. Yet, the Thai capital market succeeded

the years, which led to otherwise avoidable damages and erosion of confidence in the capital market and the Thai economy as a whole. The SEC, therefore, will continue on with its timely and relentless

now well-positioned for a new chapter. In this regard, while a great deal has been achieved, I believe that the years ahead call for much more work and cooperative efforts. We must continue to be pro

around the globe become increasingly linked, our capital market is faced with new opportunities and challenges. In light of this fast changing environment, the Securities and Exchange Commission (SEC) in

investors in the Thai capital market as well as bright prospect of listed companiesû future growth in 2004 is expected to continue. Highlights SECûs achievements in 2003 in terms of enhancing confidence in

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

must be able to take business decisions rapidly. In light of these realities and the complexity of managing the corporation's affairs in fast moving and ever changing markets, shareholders are not

corporate governance frameworks reduce investor confidence, and can discourage outside investment. Also, as pension funds continue to invest more in equity markets, good corporate governance is crucial for

amendments are expected to enhance flexibility and industry adjustment to the fast changing market environment;3. Supervision of Mutual Fund Management: The mutual fund governance structure would be revised to

claimant no longer intends to continue the arbitratal proceeding and the Office shall terminate the proceeding for such dispute, except where the Office deems it necessary and appropriate; (2) after the