/25/2013 A World Bank report analyz

/25/2013

A World Bank report analyzing Thailand’s corporate governance framework confirms Thailand as a regional leader in corporate governance with a relatively comprehensive framework and has achieved high levels of compliance in a number of key areas. The report finds that while Thailand has undertaken significant reforms that have enhanced corporate governance, key challenges remain. The Report on the Observance of Standards and Codes released today, notes that corporate governance reforms implemented in Thailand have enhanced investor trust and protected investors’ rights, especially non-majority shareholders, increased board professionalism and promoted high levels of corporate transparency. However the framework could be further improved with the adoption of key recommendations