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The Stock Exchange of Thailand (SET)’s Board of Governors approved THB 10 million to establish an institute to conduct research and analysis on factors affecting the capital markets. A corporate social responsibility institute will also be set up to support business to operate responsibly and efficiently, leading to their sustainable development.
SET President Ms. Patareeya Benjapolchai said the SET Research Institute will supply information and research relating to the Exchange as well as the capital market as a whole. It will also lay grounds for capital market policy analysis so that the Thai market is capable to efficiently adjust to changes.
“The Institute will also be a support center for SET and other parties in the Thai capital market, and will have an advisory committee overseeing its policy and direction,” Ms. Patareeya added.
At the same meeting, the SET Board approved THB 10 million to establish the Corporate Social Responsibility Institute (CSRI) to encourage and support Thai companies to do business responsibly. CSRI will act as a center for promoting concepts and practices relating to CSR. Activities to promote greater understanding will be organized so that the firms can conduct social or environmental friendly programs that serve their corporate objectives as well as those of the community.
“The SET Board views social and environmental responsibility as essential and becoming more and more important for a business to grow sustainably, gain added value, and be acknowledged by the public. Setting up CSRI will help promote these ideas to the public at large and encourage Thai corporations to collaborate on projects. This should lead to a united and powerful force of organizations in the capital market and other business sectors, and lead to a socially, environmentally, and community responsible business practices,” Ms. Patareeya concluded.
