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The Stock Exchange of Thailand (SET) has joined Money & Banking magazine to organize the 13th SET Awards, initiating two new awards: the Best Innovative Company Awards and the Young Rising Star CEO Award, while adjusting award criteria to meet the current competitive nature of the business world, and announcing list of qualified firms after preliminary screening to compete for awards by year end.
SET President Kesara Manchusree, said that while aiming to recognize outstanding achievements of the organizations and the leaders for the past 13 years of the SET Awards, SET has kept pace with the new business landscape. In 2016, two more awards have been introduced namely the Best Innovative Company Awards and the Young Rising Star CEO Award, to reflect the development of listed companies and the transition to the new generation of executives. The criteria have also been adjusted to correspond with the ever-competitive business environment and to accommodate the age of financial technology while significantly promoting the growth and competitiveness of companies in the Thai capital market. A total of 545 companies have passed the preliminary screening process and become qualified to compete for the SET Awards 2016.
“The Best Innovative Company Awards’ concept is to recognize and value the introduction of innovation for the company’s long-term sustainability and for the country’s competitive capabilities, while the Young Rising Star CEO Awards’ concept is to honor an outstanding new-generation executive. In selecting the winners of the Best Company Performance Awards and the Best Investor Relations Awards, qualified SET-listed companies will still be divided into five groups, based on their market capitalization, with an additional group of Market for Alternative Investment (mai)-listed companies, like in previous years,” added Kesara.
Money & Banking magazine Editor-in-Chief Santi Viriyarungsarit, the SET Awards co-host and one of the SET Awards 2016 distinguished judges, said that in addition to new awards, the awarding criterion of the Best Securities Companies have been revised according to the technological development to meet customer demand, in order to better respond to today’s ever-changing technological environment. All these refinements are aimed at concurrently ensuring the SET Awards’ continuation to play an important role in supporting the development of the Thai capital market to achieve competitive capabilities and growth potential at industrial, social and market-wide levels in the long run.
The SET Awards 2016 are grouped into six categories, including 1) the Best CEO Awards and the Young Rising Star CEO Award, 2) the Best Company Performance Awards, 3) the Best Investor Relations Awards, 4) the Best Innovative Company Awards, 5) the Best Securities Company Awards, and 6) the Best Asset Management Company Awards, as well as the SET Award of Honor for the organizations or persons with continued outstanding performances in various areas. TRIS Corporation Limited handles the award evaluation process.
For more information on the SET Awards 2016 and the list of the qualified companies, please visit www.set.or.th/setawards or call 0 2009 9781.
