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SEC hosts sustainability seminar to build trust in a transforming economy



Wednesday 19 September 2018 | No. 112 / 2018



Bangkok, 19 September 2018 ? The SEC teamed up with the Stock Exchange of Thailand and the Securities Investors Association (Singapore) to organize an international seminar on ?Building Trust in a Transforming Economy,? attracting world-famous speakers to share their experience on corporate culture development for sustainable business as a means to handle new challenge and take care of shareholders and related stakeholders in all aspects.

The SEC, the Stock Exchange of Thailand and the Securities Investors Association (Singapore) co-hosted the seminar under the theme of ?Building Trust in a Transforming Economy? at Grand Hyatt Erawan Hotel, Bangkok on 19 September 2018. International and local experts joined to share their knowledge and experience in handling the fast-changing world which has forced listed companies to adjust themselves. While innovation and new technologies have been brought to business strategies, while investors and related parties? expectations particularly in environmental and social responsibility must be lived up with to boost confidence and upgrade standards in corporate governance for companies listed in Thailand.

Mr. Rapee Sucharitakul, Secretary-General of the Securities and Exchange Commission (SEC) said ?this seminar aims to have listed companies and institutional investors to get ready for adjustment as technologies now change swiftly. Listed companies should apply innovation and new technologies for their business strategies and adopt corporate governance as a part of their corporate culture in parallel with caring shareholders and related parties, which could help enhance corporate value in the long term. The SEC will promote a target for sustainable development to be in the same direction of the United Nations by asking listed companies for cooperation to disclose their operations which are in compliance with sustainable development and used to define business targets.

Besides, institutional investors play a major role to drive and monitor listed companies for adoption of environmental and social responsibility, and corporate governance in their strategies and business operations, which will help upgrade standards in corporate governance for listed companies as well as foster Thai economy's sustainable growth.?

Mr. David Gerald, Founder, President and CEO of the Securities Investors Association (Singapore) (SIAS) said ?listed companies need to comply with corporate governance and determine internal control measure as a part of their corporate culture. Boards and executives should be aware of necessity to create and foster this corporate culture in order to upgrade standards and maintain trust from shareholders and stakeholders consistently. In addition, the role of shareholders to follow up companies? business operations will help promote companies? transparency and accountability. Boards of companies should pay attention to giving information and answering questions of shareholders especially in annual general meetings.?