Thai regulator's error clarifies listed companies rules

Author: | Published: 8 Jun 2011

The resignation last week of Thailand’s Securities and Exchange Commission (SEC) chairman will help clarify listed company corporate governance requirements.

SEC chairman, Vijit Supinit, resigned amid speculation he was involved in a takeover bid for Thoresen Thai Agencies (TTA), a shipping company listed on the Stock Exchange of Thailand (SET).

SEC general counsel, Thirachai Phuvanatnaranubala said the issue wasn't really with the regulations, but...