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Kingdom of Thailand - corporate governance country assessment (English)

This report provides a benchmark for Thailand's observance of corporate governance practices against the Organization for Economic Cooperation (OECD) Principles of Corporate Governance. It describes current practice and provides policy recommendations in six areas: (i) corporate governance framework; (ii) rights of shareholders; (iii) equitable treatment of shareholders; (iv) role of stakeholders in corporate governance; (v) disclosure and transparency; and (vi) responsibilities of the Board. The report shows that Thailand has taken important steps since 1998 to address weaknesses in its corporate governance framework. But there remain some important challenges moving forward. These include enhancing protection of shareholder rights, completing the legislative and regulatory agenda, improving litigation process, adopting international standards for financial reporting and disclosure, and promoting business ethics and best practices. The progress that has been made to date provides a strong foundation upon which these next steps in the reform agenda can be taken.

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Kingdom of Thailand - corporate governance country assessment (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/992831468171879487/Kingdom-of-Thailand-corporate-governance-country-assessment