Bangkok--25 Dec--SEC
SEC Secretary-General Vorapol Socatiyanurak revealed after quarterly meeting with the Association of Thai Securities Companies (ASCO) and the Association of Investment Management Companies (AIMC) that “The SEC urges the associations’ members to make a declaration of intent against corruption by joining the Collective Action Coalition Against Corruption Council (CAC). The CAC, supported by the government and the Office of National Anti-Corruption Commission, aims at pushing forward the fight against corruption nationwide.”
Vorapol added that “The SEC praises members of the two associations already admitted as CAC certified members, namely Kasikorn Securities Plc., Tisco Securities Co., Ltd., Kasikorn Asset Management Co., Ltd. and Tisco Asset Management Co., Ltd. The said admission to membership can now be disclosed in the annual registration statement, lately including anti-corruption as a part of disclosure on the listed company’s best practices. The disclosure will also be disseminated on the SEC’s website to show the progress.”
Recently, 264 companies have applied for CAC membership comprising 103 listed companies, 16 securities companies and 22 asset management companies while9 listed companies have become CAC certified members. At present, there are 574 listed companies, 40 securities companies and 22 asset management companies.
“SEC wishes all companies to join hands to create a brighter future for our country by making a declaration of intent coalition against corruption with CAC as well as applying for admission to CAC membership.” Vorapol finally said.
NOTE: Thai Institute of Director (IOD) is the secretariat and sponsor of moving the CAC project forward.