Bangkok--18 May--SET
Thailand’s National Corporate Governance Committee will host a seminar May 17 to educate financial advisors on how to advise listed firms about corporate governance (CG) requirements.
Mr. Suthichai Chitvanich, a member and secretary of the Subcommittee on Investor Education and Public Relations and on Corporate Governance in Thailand, announced that the country’s National CG Committee, in conjunction with the Securities and Exchange Commission, and The Stock Exchange of Thailand (SET)’s CG Center will host a forum called “CG Substance and Form: What Financial Advisors Should Know” on Friday, May 18, 2007, between 9:30 — 12:00 hrs., at the SET Building. It will provide guidelines for financial advisors to use when they prepare companies wishing to be listed on the exchange.
“Financial advisors play a key role in developing CG as they work closely with both potential and existing listings. After a listing, they will continue advising the firm for another year. Thus comprehension of CG will be an added value for both the advisors and their clients,” Mr. Suthichai said.
The seminar will focus on how to advise clients about CG principles and implementation. Comprehension on these matters should enhance advisors’ reliability while improving listed companies’ disclosure about their implementation of CG.
“If financial advisors understand CG principles and implementation as accepted by international standards, they will give better counsel to clients, thus leading to better disclosure as expected by listed firms’ stakeholders. Attendance at this seminar will also be credited by ASCO (Association of Securities Companies) as meeting its training requirements for financial advisors. The collaboration and support from related organizations in the capital market have shown their commitment to develop Thai CG in line with international standards,” Mr. Suthichai said.
SET has issued a set of guidelines, CG Principles 2006, for listed companies. The guidelines have been improved by adding principles recognized by the Organization for Economic Cooperation Development, together with the World Bank’s recommendations.
This year SET’s CG Center plans to host a quarterly seminar for public firms and related parties. Issues in focus are shareholders’ rights, directors’ responsibilities, and effective implementation of CG principles. The Exchange will also encourage all companies in the SET100 Index to have a unit or staff directly responsible for investor relations.
For more information, please contact the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Sarinluck Jitkawong Tel: 0-2229-2037 /
Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797