Compliance with Good Corporate Governance Principle
SET, as the core in Thai capital market, continues to support the establishment of good CG for its listed companies and members to practice and promote their compliance with the said principles. The Principles are divided into five categories; each category includes principles and recommended best practices:
Rights of shareholders
Equitable treatment of shareholders
Role of stakeholders
Disclosure and transparency
Responsibilities of the Board.
Code of Conduct
SET has established
the SET Code of Conduct. SET’s Governors, committees, advisors
and employees have signed this code to acknowledge and agree to
adopt its principles as their own principles in the performance
of their duties for SET. These principles will be adhered to with
regards to themselves, investors, service users, other concerned
parties and the public. This Code of Conduct imbues SET’s
personnel with an outlook that helps maintain the public’s
confidence in the performance of their duties as members of Thailand’s
securities trading center. For cases where there is the likelihood
of using insider information and conflicts of interest exist,
SET has developed a Code of Conduct which makes strict adherence
to its principles mandatory by its Governors, committee members,
advisors and employees. This Code prohibits any person connected
to SET from using any SET information obtained through the performance
of their duties for seeking benefits for themselves or other persons,
and from taking part in or concealing any act that may cause a
conflict of interest with their duties at SET or any illegitimate
act, or prevent the performance of their duties to be performed
in an equitable manner.
of the Acquisition and disposition of SET-listed securities by
SET Governors and SET employees
To foster public
trust in SET as the country’s center of securities trading,
the SET’s Board of Governor has informed SET governors
and staff of the securities trading practices that they are required
to follow. These practices stipulate that subscription to and
trading of securities must be done honestly, without exploitation
of confidential information or misuse of authority or position.
The Board has notified SET Governors and SET employees of the
practices that they are required to follow in the acquisition
and disposition of such securities. Governors must report on their
securities held in their own account or any accounts held by their
spouses or minor children; such reports shall remain confidential.
All employees are required to seek prior written approval from
their supervisor before transacting any securities transaction.
Also, employees may sell securities only after they have been
held for 30 or more days.