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• Development of Corporate Governance (CG)
SET aims to promote CG among listed companies,
equipped with competitive capabilities in ASEAN.
Key achievements are as follows:
◦ Promotion of CG knowledge
and significance in operation
SET promotes knowledge, understanding and
realization of concrete practices of corporate
governance principles at all levels, ranging from
listed company’s board of directors, managing
directors, executives and employees in order to
achieve transparency in business operation, while
being recognized internationally. This was organized
as small group discussions to share knowledge,
experiences and opinions in five CEO CG talks,
under the topic of “Creating Business Valuation
via Corporate Governance” and two Sustainable
Development talks (SD talk), under the topic of “The
Road towards Corporate Sustainability”. There were
representatives from106 listed companies participating
in the events. In 2014, SET organized CG Forum
seminar on a quarterly basis, participated by 750
participants, CG Workshops for company secretaries
and financial advisers, participated by more than
760 participants. In addition, SET also promoted
financial knowledge through the mass media. SET
also revised the Board Nomination Guidelines,
as well as conducting the 2014 Remuneration
Survey, in order to gather information on directors’
remuneration among listed companies.
◦ Upgrading CG practices among listed
companies towards ASEAN
SET analyzes and evaluates corporate governance
operations among listed companies every year, and
prepares analysis and recommendations for future
development, such as the ASEAN CG Scorecard’s
Gap Analysis and CGR’s Gap Analysis for individual
company, etc. These aim at upgrading corporate
governance standard for acceptance among retail
and institutional investors, both at in Thailand and
abroad. The results were satisfactory, as follows:
▪
Assessment results under ASEAN CG
Scorecard during 2013-2014
This aimed at assessing corporate governance
practices of listed companies in ASEAN. It was
conducted by the Thai Institute of Directors
(IOD), with support from the SEC. The latest
assessment results showed that Thailand achieved
score at 75 percent, the highest in ASEAN for
the second consecutive year, among the six
ASEAN nations participating in the assessment
(Indonesia, Malaysia, Singapore, Thailand, the
Philippines and Vietnam). There were 18 Thai
listed companies among the Top 50 companies
in this assessment.
▪
Results of the Corporate Governance report
(CGR)
of Thai listed companies. In 2014, the
assessment was conducted for the first time, using the
criteria based on the ASEAN CG Scorecard. This
CGR was conducted by IOD, with support from
SET. The assessment form contained 89 issues,
with higher weighting on the board of directors
chapter. The average score of the Thai listed
companies was 72, considered “Good” level.