Bangkok--19 Jul--SET
The SET Awards 2006 will honor outstanding listed, securities and asset management companies, as well as the best CEO of the year. The details of this year’s event were presented to the press today by the Editor-in-Chief of Money & Banking Magazine, Mr. Santi Viriyarangsarit, and the President of The Stock Exchange of Thailand (SET) Ms. Patareeya Benjapolchai.
“The SET Awards 2006 has six categories (containing 23 awards) for SET listed companies; three categories (with three awards) for Market for Alternative Investment (mai) listed companies; two categories (with two awards) for outstanding bonds and securities companies on Bond Electronic Exchange (BEX); two categories (containing six awards) for securities companies; one category (with four awards) for investment management companies; and an award for the best CEO of the year, making a total of 39 awards,” Mr. Santi stated.
This year there will be three additional award categories, Corporate Social Responsibility (CSR) awards for companies displaying outstanding social responsibility, BEX Highest Trader of the Year and BEX Most Active Brokerage House of the Year, to create a greater awareness of Thailand’s bond market, and to honor those who have helped develop it.
2006 is the fourth year of the SET Awards, an event which promotes Thai capital markets by honoring exceptional achievements by businesses and executives in management, operational performance, corporate governance and social responsibility. In addition to providing moral reward, the awards promote benchmark role models for businesses and investors, SET President Ms. Patareeya, stated.
The awards for each category will be decided by distinguished judges and experts in finance and investment. The 2006 judging panel is: Dr. Maruey Phadoongsidhi, Dr. Panas Simasathien, Mr. Santi Viriyarangsarit, Mr. Seri Chintanaseri, and Ms. Patareeya Benjapolchai.
The selection committee, chaired by the H.E. Finance Minister Dr. Thanong Bidaya PhD, will choose 62 companies with outstanding performances in 2004/2005, drawn from the 512 firms on SET, mai, and BEX. The chosen 62 are made up of 46 listed companies, 16 securities, investment management and financial advice companies.
The advisory group to SET’s Corporate Governance Center (whose members are Prof. Hiran Radeesri, Prof. Kovit Poshyananda, Mr. Singh Tangtatswas, and Mr. Yuth Vorachattarn) will be co-opted to the selection committee for the corporate governance awards.
The 15 award categories are:
1. Best performance awards: listed companies in eight industry groups that had exceptional financial performances. Other factors considered are the company’s liquidity and extent to which their information disclosure accords with SET’s regulations.
2. Best liquidity improvement award: the firm which best used capital market tools to improve liquidity in securities trading.
3. Best Investor Relations Award: public company that conducted the most effective investor relations activities, determined by user satisfaction with the firm’s information, variety and effectiveness of communication channels, and benefits that shareholders and investors derived from its policies.
4. Best newly-listed company awards: just-listed firms that had the most successful initial public offerings (IPO)s, and exceptional financial performances. The award will include the companies’ financial advisors.
5. Best brokerage service awards: securities companies with the most outstanding brokerage services, determined by customer satisfaction with investment advice, efficiency in securities trading, and investor development and education.
6. Best research house awards: securities companies with the most significant research reports, quality of research and coverage of securities, determined by user satisfaction with the adequacy, timeliness, access to economic and securities information, and support in making investment decisions.
7. Best asset management awards: investment management organizations producing the highest composite returns in each fund category: equity, fixed income, flexible, and the fund with best net cash flow.
8. Best corporate governance report awards: listed firms receiving the most positive feedback on their compliance with SET’s 15 good corporate governance principles. In considering the candidates, judges examined their Form 56-1s, annual reports, shareholders’ meeting invitation documents and the companies’ reports to shareholder meetings.
9. Best CEO of the year: the CEO who possessed the strongest leadership and clarity of vision, set the most lucid targets and strategies, selected the most competent management team, and was acknowledged as integrating company leadership with corporate social responsibility.
10. mai growth star award: the firm listed on mai which displayed the most exceptional growth potential. Also taken into consideration are the company’s liquidity and the extent to which their disclosure of information accorded with mai’s regulations.
11. mai best return star award: mai-listed company which had the most outstanding returns to shareholders. Also taken into consideration are the firm’s liquidity, and the extent to which their disclosure of information accorded with mai’s regulations.
12. mai newly-listed star awards: newly-listed mai companies that had the most successful IPOs, and exceptional financial performances. The award will include the companies’ financial advisors.
13. Best corporate social responsibility (CSR) awards: firms demonstrating exceptional social responsibility.
14. BEX highest trading of the year award: most actively- and consistently-traded debt securities on BEX.
15. BEX most active brokerage house of the year award: most active securities company on BEX.
H.E. Finance Minister Dr. Thanong Bidaya, Ph.D. will preside over the ceremonies, and give a keynote address on Wednesday July 26, 2006, between 15:00 — 17:30 hrs., at the Prof. Sangvian Indaravijaya Auditorium, at the SET Building. The event will be broadcast live on Money Channel, which can be viewed on UBC 97 and local cable TV network across Thailand.
The main sponsor of the SET Awards 2006 is BMW (Thailand) Ltd.