taxed accordingly. 3. Improvement of information in the debt instrument market. ■ Information of issuers - The SEC has amended regulations for the offering of debt instruments so that issuers have to
(IASB), and made financial contributions to facilitate the ongoing efforts of the Federation of Accounting Professions (FAP) in the improvement of the Thai accounting standards toward convergence with the
institutions in the US revealed their losses from US subprime investments. Worries over recession of the real estate sector in the US stock market led to investors' portfolio adjustments and capital outflows. In
improving its website for accurate, complete and user-friendly information. 5.2 Human resources: Emphasis is made on the performance-based system where staff are encouraged to pursue self-improvement both in
power to choose or remove the CEO, and may still put the interest of the controlling shareholder over other shareholders. Capital markets Thailand’s real GDP expanded by an average of 4 percent per year
monitor- ing of audit and accounting standards should be overseen by bodies independent of the profession. A strong disclosure system that promotes real transparency is a pivotal part of market-based
“BBB” to “BBB+” (in August 2004) affirmed the improvement in the strength of the Thai economy, and boosted foreign investors’ confidence in the Thai capital market. In addition, overwhelming
the gap between household savings and investment in the real economy. As a consequence, good corporate governance will reassure shareholders and other stakeholders that their rights are protected and