AIMC supports upgrading the qualifications of 'board members of listed companies' to create a shield against bad governance in the Thai capital market.

The Association of Investment Management Companies (AIMC) has expressed its support for upgrading the qualifications of directors to create a safeguard for good governance in the Thai capital market and prevent individuals with a history of money laundering or those with restricted transaction rights from serving on the boards of listed companies.

Date 8 Apr 2569 Association of Investment Management Companies (AIMC) led by Mrs. Chawinda Hanratanakul Mr. Poj Harinsut, Chairman of the ESG Policy & Collective Action Committee. We are taking a proactive approach to driving good governance in the Thai capital market, emphasizing the importance of the screening process for directors of listed companies as a key element of good corporate governance.

AIMC believes that directors with the appropriate knowledge, experience, and expertise, capable of creating added value for the business, coupled with business ethics and free from disqualifying characteristics or a history of governance risks, are fundamental factors in building confidence among both domestic and international investors. This directly impacts the long-term value and sustainability of the business.

Under the Investment Governance Code (I Code) for institutional investors, AIMC encourages member investment management companies to consider appropriately utilizing proxy voting at Annual General Meetings (AGMs), taking into account the best interests of unit holders. This is especially important on agenda items related to amending company regulations to raise the standard of director qualifications to align with international standards, such as establishing stricter screening criteria to prevent individuals with a history of money laundering or restricted transaction rights from holding positions. This is considered a crucial preventive measure to safeguard the best interests of listed companies and ensure transparency and accountability in their management processes.

On this occasion, AIMC invites all shareholders, both institutional and retail investors, to recognize the importance of exercising their voting rights at the Annual General Meetings (AGMs) of listed companies, especially on matters that impact the company's management structure and corporate governance. This collective effort will be crucial in building a "resilience" for the Thai capital market, driving sustainable growth based on transparency and genuine business ethics.

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