Finance Minister Apisak Tantivorawong launches the Corporate Governance Code at the Stock Exchange of Thailand in Bangkok on Friday, when he also announced planned amendments to the Securities and Exchange Commission Act. (Photo by Pattarachai Preechapanich)The Finance Ministry will propose a legal amendment to the cabinet next month to empower the Securities and Exchange Commission (SEC) to sack directors of problematic listed companies affecting the public. Finance Minister Apisak Tantivorawong announced the move on Friday. "The new SEC bill will strengthen the growth of the Thai equity market," he said. Mr Apisak said he would propose the amendment to the cabinet in mid-April and once approved it would be tabled in the National Legislative Assembly.

Source: Bangkok Post March 17, 2017 08:37 UTC