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| • EXCH RATES |
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Baht/$ 33.30/33
Bid/Ask
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GOLD |
15,000
- 200
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CORPORATE GOVERNANCE
NUNTAWUN POLKUAMDEE
Some 78% of listed companies have received a "good" grade or higher for their conduct regarding annual general shareholders' meetings, according to the Securities and Exchange Commission.
The SEC, the Thai Investors Association and the Listed Companies Association have for three years implemented a programme to improve corporate governance practices in Thailand to meet international standards.
Overall, 380 listed companies received passing marks for 2008, up from 225 in 2006.
SEC secretary-general Thirachai Phuvanatnaranubala said regulators were committed to improving corporate governance, shareholders' rights and investors' awareness in the local capital market.
"Over the past three years, we have seen steady improvement," he said.
Overall, 95% of the companies in the SET100 index received passing marks or higher, compared with 83% two years ago. For the SET overall, 82% received good marks for 2008, compared with 71% in 2006.
Among the companies listed on the Market for Alternative Investment, 78% received good marks for 2008 compared with 67% in 2006.
Vichai Poolworaluk, the president of the TIA, said listed companies were increasingly aware about the importance of protecting shareholders' rights.
The TIA would continue to sent representatives to attend annual shareholders' meetings to help monitor governance practices and encourage companies to improve their adherence to investors' rights.
Prasert Bunsumpun, the president of the Listed Companies' Association, agreed that shareholders' rights and shareholders' meetings were a key issue for listed companies.
Details on the governance survey will be released to the public later this month at http://www.sec.or.th, http://www.lca.or.th and http://www.thaiinvestors.com.
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