TSD Managing Director and The Stock Exchange of Thailand Executive Vice President - Head of Market Operations Group Yupawan Sirichainarumitr said TSD is determined to enhance post-trading services on digital platforms to make the capital market easy for investors, support new forms of transactions in the future and simultaneously create positive impacts on the environment. As listed companies hold annual shareholders' meetings between March and April of each year, it is an opportunity for TSD to launch the upgraded e-Proxy Voting service to meet retail investor needs by enabling them to exercise their votes easier without having to wait for an invitation letter for shareholders' meeting and mail back proxy forms. Retail investors are deemed to play important roles in driving the Thai capital market with the maximum shareholding value in Thai shares at 29.66 percent* according to the latest data.
With the e-Proxy Voting service, shareholders can authorize independent directors of companies to attend shareholders' meetings and cast votes conveniently and swiftly through Investor Portal (IVP), https://ivp.tsd.co.th, which is TSD's standard and secure online shareholder service platform. Listed companies will utilize data from IVP system for shareholders' meetings and this broadens channels for shareholders to exercise their votes in the digital era, helps reduce greenhouse gas emissions through less paper use, and slim down the costs of listed companies on the streamlined work processes.
Moreover, shareholders can easily pay for e-Stamp on their proxy forms through direct connection with e-Stamp payment system of the Revenue Department and choose e-Payment via mobile banking or internet banking. At present, 181 listed companies use the e-Proxy Voting service. Their names are available at www.set.or.th/tsd, click "Services for investors", and select "e-services for investors" and then "e-Proxy Voting".
e-Proxy Voting service has been available for shareholders who are foreign juristic persons taken care by custodians, and local juristic persons which are funds and private funds. The service is extended to local individual investors now and all types of investors in the Thai stock market in the future.
Note: * Information from SET Note 6/2565 on shareholders' structure in the Thai capital market in 2022
Source: SET Corporate Communications
