The board of the Securities and Exchange Commission (SEC) is permitted to name an acting secretary-general if the current government fails to endorse an SEC chief by the end of the month, according to Finance Minister Arkhom Termpittayapaisith.
The term of Ruenvadee Suwanmongkol, the current SEC chief, ends on April 30 and the SEC board forwarded the names of two candidates to the Finance Ministry for consideration.
Normally the ministry picks a name from the proposed list and sends it to the cabinet for final endorsement.
In the past, the incoming SEC secretary-general is known at least two months before the tenure of the incumbent ends.
“If an appointment is not made within this month, the SEC board could appoint an acting secretary-general to be in charge,” Mr Arkhom told…
