Bangkok--Nov 17--Kith and Kin
KGI Securities (Thailand) Plc was one of the 93 listed companies top quartile of good corporate governance for 2005, the company’s managing director Suchada Sothibhapkul said.
The 93 out of the 371 listed companies were evaluated by Thai Institute of Directors Association.
The evaluation is based on board responsibilities and disclosure and transparency with 25 per cent each. Shareholders’ rights weight 20 per cent, while equitable treatment of shareholders and role of stakeholders account for 15 per cent each.
The information used in the evaluation is based on the company's annual reports, Form 56-1, agendas of board meetings, website, all the information disseminated through the Stock Exchange of Thailand (SET) and the Securities and Exchange Commission (SEC), and other information disclosed to the public.
The award granted by the Thai Institute of Directors Association would increase awareness of listed companies, investors and relevant parties in the capital market about development of the overall listed companies’ corporate governance.
Listed companies can apply the evaluation measure and the concept to improve their corporate governance in building up shareholders’ confidence while investors can exploit information about corporate governance in making investment decision.
Suchada said that KGI has strictly pursues corporate governance practices by supervising internal practices to comply with the SEC’s and the SET’s regulations.
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