Bangkok, 14 August 2019 – The SEC, in cooperation with 12 organizations in the capital market, has officially launched “the Capital Market Governance Promotion Initiative in Celebration of His Majesty the King’s Coronation,” and signed the Declaration of Intent to strengthen multilateral cooperation for sustainable development of the Thai capital market. All sectors are welcomed to join the collective commitment to conducting businesses responsibly in line with the environmental, social and governance (ESG) criteria.
The
Initiative launch and the Declaration of Intent ceremony took place today at
the Royal Thai Army Club, Vibhavadi-Rangsit Road.
The opening ceremony was presided over by General Paiboon Koomchaya, Privy
Council member, who also gave a keynote address on the topic, “Driving
Corporate Governance of Business Sectors towards Sustainability of the Thai
Economy.” On this occasion, Finance Minister Uttama Savanayana recaptured the
national policy on capital market roles and expectations of good governance and
sustainable competitiveness of capital market organizations for the audience of
more than 600 representatives from companies and organizations in the capital
market.
The Capital Market Governance Promotion Initiative
is a tangible expression of gratitude towards His Majesty King Maha
Vajiralongkorn Phra Vajiraklaochaoyuhua (Rama X)’s kindness towards the Thai
people and a celebration of the auspicious occasion of HM the King’s Coronation.
The SEC and the 12 allies are leading the Initiative efforts and inviting all
sectors in the capital market to make contribution to the country by, first of
all, signing the Declaration of Intent to become a good corporate citizen and adopt
the ESG principles to responsible in-process business operation in line with
the Sustainable Development Goals (SDGs) of the United Nations.
The current Initiative participants, both
companies and organizations, will select a key issue of their interest for a
three-year governance promotion campaign, set tangible goals and report the
progress on a yearly basis. The first reporting will be due in March 2020, the
results of which will be collected and submitted to the Subcommittee for the Publication
of the Memorial Book and the National Archive of His Majesty the King’s
Coronation Ceremony.
Apart from the SEC, the 12 other founding
members of the Initiative and signatories to the Declaration of Intent to
strengthen multilateral cooperation for sustainable development of the Thai
capital market are: (1) the Stock Exchange of Thailand, (2) the Federation of
Thai Capital Market Organizations, (3) the Thai Listed Companies Association,
(4) the Association of Thai Securities Companies, (5) the Association of
Investment Management Companies, (6) the Investment Analysts Association, (7)
the Thai Investor Association, (8) the Thai Bond Market Association, (9) the
Government Pension Fund, (10) the Association of Provident Fund, (11) the mai
Listed Companies Association and (12) the Thai Institute of Directors.
SEC Secretary-General Ruenvadee
Suwanmongkol reassures that the SEC, as the Initiative leader, will continue the
collective commitment to driving the Thai capital market towards sustainability
development. Meanwhile, all signatories are reinforcing their respective roles and
expanding cooperative network in order to achieve the Initiative objectives together
in a tangible way. In this regard, different projects will be created to
support one another in terms of business operation and responsible investment.
For
more information on the Initiative and participation, please visit www.capthai4good.com.
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