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Thailand: SEC gets mixed review in performance evaluation survey.
(From Thai Press Reports)
Section: General News - Local market participants have given mixed reviews to the performance of securities regulators, according to a survey by Thammasat University's Research and Consultancy Institute, the Bangkok Post reports.
While the Securities and Exchange Commission received credit for its efforts to promote good corporate governance, survey participants gave much lower marks for its performance as a watchdog for the securities market.
Overall however, the survey showed a positive view of the SEC's operations this year, with most saying performance had improved compared with the past. Pravej Ongartsittigul, a senior assistant secretary-general at the SEC, said the agency scored highest for its effectiveness in helping lift the corporate governance standards of listed companies.
"Whatever results came out, we intended to use them as feedback to adapt ourselves and our way of running the organisation," he said.
"In this regard, we will hold more public hearings and focus groups to let related parties to join us in drafting new regulations and preventive measures." The survey also found that the public was satisfied the most about information provided by the SEC while the lowest score came on ...
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