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Corporate Governance (CG) is a key factor in building
confidence among investors, for it affects investment
decisions in the capital market. SET’s CG Center aims to
encourage listed companies on SET to recognize the
importance of CG and its impact on stakeholders. To
create acceptance and confidence, the business has to
be managed with transparency, fairness, proper risk
management and effective internal control. All these will
become a key mechanism that sustainably adds value to
the business.
CG direction in the capital market
In 2015, SET enhanced the responsibility of the
companies’ boards of directors to further drive the CG
substance, with emphasis on their understanding of
the role and responsibility for their organizations,
including an effective risk management process to
create confidence among stakeholders. This was
carried out via CG Forums, organized every quarter,
which attracted a total of 839 participants. In addition,
SET promoted a “CG Culture”, especially, among the
newly-listed companies by arranging group meetings
with the board of directors and executives of each
listed company to brief and share experiences on CG
administrative structure development. In 2015, a total
of 50 listed companies participated in this special
activity.
Thailand has also been recognized by the Organisation
for Economic Co-operation and Development (OECD) as
a leader in ASEAN, with outstanding development in
CG. It was an honor for SET to host the OECD-
Asian Roundtable on Corporate Governance 2015,
in cooperation with The Securities and Exchange
Commission (SEC), Thai Institute of Directors (IOD) and
the Japanese Government. This roundtable was aimed
to create network and connection among government
agencies and private sectors. There were more than
150 participants from 24 countries around the world
discussing CG in Asia. The OECD Principles of Corporate
Governance (2014 revision) was also promoted and
disseminated during the event.
CG: A pillar of the capital market
Market growth