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.
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