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SEC joins in announcing intention to promote equality and eliminate unfair gender discrimination



Monday 2 March 2020 | No. 37 / 2020


Bangkok, 2 March 2020 – SEC joins forces with 24 public, private, and educational institutions to sign a letter of intent “Promoting equality and eliminating unfair gender discrimination” in order to show the intention to implement the Gender Equality Act B.E. 2559 (2016) - a law enacted in accordance with the Constitution of the Kingdom of Thailand. B.E. 2560 (2017). Businesses in the capital market are also invited to participate in the said matter.

This signing organized by the Department of Women's Affairs and Family Development, Ministry of Social Development and Human Security (MSDHS), has Mr. Jurin Laksanawisit, Deputy Prime Minister and Chairman of the Gender Equality Promotion Board as the chairman of the ceremony together with Mr. Porametee Vimolsiri, Permanent-Secretary, MSDHS, and Ms. Usanee Kangwarajit, Director-General, Department of Women's Affairs and Family Development Center, and SEC Secretary-General Ruenvadee Suwanmongkol as the representatives of the agencies that participated in this announcement on 2 March 2020 at the Prince Palace Hotel, Maha Nak, Bangkok.

SEC Secretary-General Ruenvadee Suwanmongkol said that SEC encourages businesses in the capital market to conduct business with due regard to good governance, social and environmental responsibility, including “human rights and equality”, in which businesses in the capital market have showed continuous improvement. The practice is in accordance with the Corporate Governance Code for Listed Companies 2017 (CG Code), which promotes board diversity, including gender and age. There is an increasing proportion of directors and senior executives of businesses in the capital market, for example, female directors currently account for approximately 20 percent of total numbers of directors’ seats in listed companies. The board with at least one female member represents approximately 83 percent of the total number of listed companies, while those having females at the highest management positions (at the CEO and managing director levels) account for 13.85 percent.

At SEC, 18 percent of the total number of directors are female. Employees at the executive level (at the level of director and above) who are women account for 71 percent of the total management level staff. Female employees account for 67 percent of the total number of employees. In addition, the employee ethics regarding the treatment of colleagues indicate that employees must not commit discriminatory actions. In this regard, SEC promotes equality and elimination of unfair discrimination between genders in line with this announcement in all six areas.*

"SEC wishes to be a part of this announcement to promote equality and eliminate unfair discrimination between genders as well as inviting listed companies, business operators and all sectors in the capital market to work together to achieve this goal in the future."

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* Consisting of (1) allowing personnel to dress according to the gender identity or sexuality of a person, (2) arranging areas suitable for the number and restriction of persons and gender identity, (3) job postings and qualifications specifying educational qualifications or ability corresponding to the job without specifying gender, (4) the appropriate use of words, language, gestures and documents to prevent the display of sexual prejudices that disrespect the rights and freedoms of individuals, (5) the selection of committees or persons holding various positions in agencies with an emphasis on equality, and (6) preventing and solving the problem of sexual harassment or assault in the workplace, enhancing knowledge, understanding of sexual harassment or assaulting behavior and establishing guidelines to prevent and solve problems of harassment in the workplace.

 






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