Bangkok--Aug 25--SET
SET Board of Governors considered candidates for SET President, as Mr. Kittiratt Na-Ranong’s term ends September 9, 2005.
After considering the SET’s performance over the past four years during Mr. Kittiratt’s tenure, the SET’s Board overwhelmingly agreed that the SET had advanced greatly in all aspects. For example, the total market capitalization has increased dramatically from THB1.7 trillion (approx. USD41.46 bln.) in 2001 to THB4.7 trillion at present (approx. USD114.63 bln.). Also, daily trading turnover jumped significantly from THB6.4 bln. in 2001 to THB17.6 bln. in 2005.
Further proof of the SET’s advancements is the continual improvements that have been exhibited in the corporate governance (CG) of listed companies. The SET’s CG principles have been widely disseminated and adopted. The SET has proven itself as an active member of the capital market and has effectively helped raise the CG standards of Thai listed firms and securities companies.
Along with the stock market, the derivatives and bond markets have also been developed, so that the Exchange now provides a much more complete range of products and services. Market education programs have also been successfully undertaken to reach a broad range of target audiences. The SET’s internal processes and compliance have been made more efficient and have contributed more to the society.
The Board acknowledged that Mr. Kittiratt did not want to renew his term. However, given his proven track record and the value of his continuing in his office, the Board has approved, once again, to appoint Mr. Kittiratt Na-Ranong as SET President for an additional 2-year period, effective September 10, 2005.
The Board has asked Mr. Kittiratt and he has accepted the appointment.
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
Watsamon Saowakhonsathien Tel: 0-2229-2797 End.