share- holders (through what is known as 'tunnelling' 3 ), or misrepresenting an individual company's financial statements (of particular concern where the company is under pressure to meet expectations

of Commerce, Thai Institute of Directors, State Enterprise Policy Office in the Ministry of Finance, Federation of Accounting Professions, Social Security Office, Government Pension Fund, and

by account officers. This is particularly important because over 70 percent of the equity trading volume is generated by individual local players. Individuals are naturally very sensitive to news

principles can be adapted by each company to best fit the individual firm’s functional needs. If they choose not to comply with any principles, they should explain thoroughly the reasons for not doing so. 2

Management ■ 3. Mr. Vasant Thienhom Senior Assistant Secretary-General ■ 4. Cmdr. Anothai Khowlikhit R.N. Senior Division Chief Security Division 1 2 3 1 2 3 4 [ Executive Officers of the Office of the SEC ]13

Association 12% 3% 41% 8% 13% 5% 18% Market Participation Dealers-to-Clients 30% 70% Non-dealer License Social Security Fund and Government Pension Fund Mutual Funds Insurance Companies Domestic Companies

for reform in individual countries. 4 G20/OECD PRINCIPLES OF CORPORATE GOVERNANCE © OECD 2015 The Principles were originally developed by the OECD in 1999 and last updated in 2004. The current review

159.3 109.1 4.0 188.6 3.4 investment income others income million baht Revenue Comparisons 2006-2007 19 programs for individual staff were developed from the results of the assessment on their potential

; 4. Online job application; 5. Acceptances and referral of cases; 6. Processes relating to security management of computer and information center and management of SEC internal security; 7. Profiles of

possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect the