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with as many as 23 large-sized securities that are highly liquid and with a combined market capitalization of more than USD
1 billion and daily trading volume of at least USD 10 million–characteristics that have made SET strong and attractive to
international investors.
Among major development highlights in 2012, our cooperation with business partners has created new business
opportunities, with the ASEAN Trading Link connecting the Thai stock market with those of Malaysia and Singapore, enabling
local securities firms to more conveniently trade foreign stocks and serving as a solid foundation for a partnership among the
exchanges in ASEAN that will fortify and draw global investors to ASEAN.
We also place emphasis on partnerships both with governments and stock market peers to develop regional capital markets.
Thus, we have provided the authorities of Lao PDR, Myanmar and Vietnam with training to improve the expertise of their
capital market professionals, including experience-sharing and stock market business operation know-how.
Domestically, apart from promoting quality investors with financial and investment literacy training, and enhancing
securities professionals in terms of expertise and adhering to a rigorous code of ethics, SET also strived to consistently improve
listed companies’ corporate governance (CG) standards and practices in preparing for the ASEAN Economic Community
inception in 2015. In 2012, we modernized the CG principles of Thai listed firms along the lines of the ASEAN CG Scorecard,
for assessing and ranking the CG of ASEAN listed companies. We also promoted understanding on corporate social
responsibility (CSR) among listed firms by providing them handbooks on CSR and sustainability reports, including facilitating
many workshops and seminars to share experiences and give in-depth advice for individual companies for writing these reports
in accordance with international standards.
SET has continually upgraded its own CG to be an exemplary model in this respect. In 2012, SET improved its CG policy
by focusing on treating stakeholders with fairness and transparency in line with international CG principles. Thus, SET achieved
a score of “Excellent” on its CG effectiveness, as evaluated by The Thai Institute of Directors Association (IOD), the national
independent auditor of the CG of all listed companies in SET group.
Throughout 2012, SET and other parties in the capital market engaged in joint social responsibility activities to continue
assisting 76 schools nationwide that had been severely damaged by the 2011 floods, under the “Restoring Flooded Schools,
Building Relationships with Communities” project, consisting of 60 schools supported by the “Thai Stock Market Flood Relief
Fund” and 16 schools from the “Capital Market Academy’s flood relief efforts” program, both introduced in 2011. The project
seeks to supply all of the schools with multi-purpose shelters which can be education or community activity centers under
normal circumstances as well as shelters from natural disasters. The project reflects the strength of the capital market and its
ability to help Thai society with sustainability.
On behalf of the SET Board of Governors, I would like to extend my sincere gratitude to all public and private organizations
involved, listed and member firms, investors, and our employees, who have contributed to the strength of the SET during this
past year. Each has significantly contributed to the solidity and growth of our capital market and its tremendous success,
allowing us to cope with challenges in the international arena and vigorously contribute to our nation’s economic success.