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Byline: Nuntawun Polkuamdee
Apr. 8--Market response to a high-profile initiative to assign corporate governance ratings to local stocks has been mostly quiet, acknowledged Prasarn Trairatvorakul, secretary-general of the Securities and Exchange Commission.
One reason, he said, was that retail investors accounted for up to 70 percent of the daily trade on the Stock Exchange of Thailand.
While foreign and local institutional investors did place a premium on companies with good governance, retail investors were less discriminating.
Dr Prasarn acknowledged that unless investors demanded that companies improve governance, it would be ...
Source: HighBeam Research, Ratings on Stocks Receive Subdued Market Reception.