The Stock Exchange of Thailand (SET) has launched the code of conduct handbook for investor relations (IR) professionals, enabling them to handle all investors equally while preventing company’s insight leakage. This is another SET’s effort to build quality-focused capital market culture by promoting IR excellence and boosting Thai listed companies’ quality continuously.
SET Executive Vice President Bordin Unakul said, “It’s a positive sign that Thai listed firms have increasingly placed importance on IR, reflecting from a rising number of Thai firms applying for the 2014 Best IR Awards, as part of the annual SET Awards, amounting to 177 companies, or up 20 percent from last year. This reflects the firms’ realization of IR’s vital role in enhancing transparency and fairness for the Thai capital market, paving the way to sustainable growth.”
SET is committed to developing and enhancing IR among Thai listed companies as IR is an integral part of good corporate governance practice. Thus, IR’s code of conduct handbook will be released for listed companies’ IR, a communication center for investors and analysts, enabling IR team to transmit company’s information accurately and fairly for all stakeholders, as well as preventing company’s inside information and insight leakage.
The IR code of conduct handbook, to be distributed to all Thai listed companies in July, are co-produced by SET, Thai Investor Relations Club, the Securities and Exchange Commission, Association of Thai Securities Companies, Investment Analysts Association, Association of Investment Management Companies, Thai Investors Association, Thai Listed Companies Association, MAI Listed Companies Association.
To continuously elevate IR professional practice, SET has organized activities through several channels, such as networking with companies’ top executives to promote understanding on the importance of IR, organizing IR professional training programs, Best IR Awards to honor companies with excellent IR as role models in the industry, as well as SET’s IR Advisory program, which to-date has attracted 62 listed companies.
For more information on IR development and IR’s code of conduct guidelines, please visit www.set.or.th .