Bangkok--Jan 5--SET
Mr. Suthichai Chitvanich, Executive Vice President of the Stock Exchange of Thailand (SET), disclosed that, in 2005, the SET will emphasize on the quality issues of listed companies and will encourage for their self-supervision in terms of good corporate governance.
“In 2005, the SET will continue to oversee and monitor the listed companies closely. We focus on the disclosure of complete information on a timely basis widely to the public. The SET will also prevent any conflicts of interests to create the transparency in the market.
We will periodically disclose updates on listed companies as well as the SET’s actions to the listed companies, so as to equip investors with the issues of their interests. In case there is a listed company doing something against the SET’s rules or announcements, the infringement will be announced for investors information and consideration to continue investing in that company or not,” the SET EVP said.
In addition to this measure, the SET will also encourage for more self-supervisory role of the listed companies. In this way, the companies, their assigned contact persons, and the SET will work with one another more closely. These contact persons will act as a key mechanism that makes the self-supervision works well.
Mr. Suthichai went on to say that: “The contact persons of listed companies will then be the first person the SET would thing about when dealing with information disclosure. In the meantime, these persons will also be the very first person the executives of listed companies would think of when they’d like to know the SET’s rules. Thus, the contact persons will act as middlemen between the listed companies’ executives and the SET. The contact person system actually works well so far.”
This contact person of a listed company should have comprehensive understanding about the SET’s rules and regulations so well that he/she can explain to the executives clearly about the contents and intentionality of such rules. Therefore this person can help the listed companies better conform to the requirements or rules.
“To support the contact person, starting from 2005 onwards, the SET will organize a special training for them plus other activities helping promote the relationship between them and the personnel of the SET’s Listing & Disclosure Dept.,” Mr. Suthichai concluded.
For more information,
please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036 /
Kulvida Jintakawong Tel: 0-2229-2037 /
Nattaporn Boonprapa Tel: 0-2229-2049 End.