Sustainability Report 2015

CG tool development

SET conducted a Thai Directorship survey and Board Remuneration Survey in 2015 to be used as a guideline for

listed companies to consider related matters. In addition, the CG Best Practice Guidelines were also reviewed, to be

used for board performance assessment and complaint management with transparency and efficiency. On top of that,

SET also disseminated CG knowledge through publications and electronic channels, including SD Focus quarterly

magazine, Disclosure Focus monthly magazine and Boardroom bi-monthly magazine.

The effectiveness of CG development

in the Thai capital market

According to the ASEAN CG Scorecard 2015, which is

an evaluation criteria on CG for listed companies that

have the market capitalization in the top 100 in each

ASEAN country

, Thai listed firms achieved the highest

average CG score, among all 600 firms from six

participatingcountriesforthe4

consecutiveyear.Besides,

23 out of the top 50 companies were Thai. This reflects

the potential of listed companies in Thailand, recognized

regionally. The success of listed companies’ outstanding

CG performance plays a major part in encouraging them

to continuously implement and develop CG.

SET encourages listed companies to join the evaluation

process of CG reporting at both local and regional levels,

as well as preparing analysis and recommendations on

CG development. The SET’s aim is to develop and raise

the CG standards of Thai listed companies to be recognized

internationally. Therefore, SET has commissioned the

Thai Institute of Directors (IOD) to annually assess Thai

listed firms’ CG reporting. The results show that in 2015

Thai firms scored 75%, rated as “good”, slightly higher

than the 2014 average score of 72%.

The countries that joined the ASEAN CG Scorecard 2015 evaluation consisted of Indonesia, Malaysia, the Philippines, Singapore,

Thailand and Vietnam.

In 2015, Thai listed companies

achieved the highest average CG score

in ASEAN for the 4

consecutive year

(as assessed by the ASEAN CG

Scorecard)