increase flexibility and effectiveness in business operations by delegating other persons, who are prepared to operate the business under the principle of principal-agent relationship. SEC has held three
pressure from rising interest rates and costs of raw materials, lower buyers’ confidence and a significant increase in supply. In the banking sector, the Bank of Thailand (BOT)’s stricter policy on loan
collaboration with the Stock Exchange of Thailand (SET), and relevant government and private sector agencies have formulated the Capital Market Master Plan to serve as the roadmap for market development. The main
information by filing registration statements and prospectuses to the SEC. Development of New Financial Instruments To increase new channels for business sector to mobilize fund while responding to the need of
, stronger protection for shareholder rights, whistle blower protection, and provisions to increase the independence and professionalism of the Securities and Exchange Commission (SEC). The SEC has also
in accordance with international standards. One of the achievements during the year was the overall result of the Thai capital market assessment under the Financial Sector Assessment Program, a joint
increase from 2006 in response to capital demand of the private sector and large-scale infrastructure investments. Also setting the tone for the 2007 debt securities market are the regulatory amendments
process is in line with the Capital Market Development Plan in the area of building competitiveness and business sustainability. It is expected to reduce the volume of paper use of the business sector by
oriented growth companies and to balance any increase in leveraging. The updated G20/OECD Principles of Corporate Governance (the Principles) therefore provide a very timely and tangible contribution to the
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