The Committee on Monetary Affairs, Finance, Financial Institutions, and Financial Market of the House of Representatives has scheduled a pivotal meeting for 10 September 2025 at 9:30 a.m. The session will be held in the CB 401 Committee Room on the 4th floor of the Parliament building. Among several important agenda items to be addressed is a critical issue: the consideration of capital market governance problems and corporate governance oversight of listed companies, with a particular focus on the case of Clover Power Public Company Limited (SET: CV).
The meeting, set for 9:30 a.m. at the parliament building, will involve high-profile representatives from Thailand’s key regulatory and financial institutions. Invited attendees include the Secretary-General of the Securities and Exchange Commission (SEC), the President of the Stock Exchange of Thailand (SET), the President of the Federation of Accounting Professions, the President of the Thai Investors Association, as well as executive leadership from Clover Power, along with chairs from West Tech Exponential and Deloitte Touche Tohmatsu Jaiyos Audit.
However, latest developments on September 9th reveal a potential complication: Saithsiri Saksitthisereekul, CEO of Clover Power, has officially notified the committee chairman, Noppon Leungthongnara, that he will not be able to attend the session as scheduled. In his formal response, Saksitthisereekul cited pre-existing critical engagements and recent travel overseas to manage pressing company matters, making his participation at the tightly-timed session unfeasible. Additionally, the company emphasized the short notice, having received the official invitation only on the afternoon of September 8.
Committee members had asked Clover Power to prepare documents and a presentation for tomorrow’s session as part of their inquiry into governance issues affecting publicly listed companies.
Clover Power, a listed Thai company, engages in renewable energy businesses. The trading for Clover Power’s securities has been suspended since 15 August 2025 for failing to submit financial statements for fiscal 2024, 1Q25 and 2Q25.
The company has been in the spotlight since 2023 amid heightened concerns about liquidity for its fast-pace acquisitions. Clover Power faced its first default on coupon payment in April 2024.