“The result of this year’s CGR survey reflects a continued positive development of corporate governance of Thai listed companies. The companies have clearly put more emphasis on the substance aspects of corporate governance practices as well as policies. Many companies have put in place good governance practices that include an anti-corruption program, business ethics compliance, and performance evaluation of the board of directors, among others.   Nonetheless, it is important that we continue to support both large and small listed companies to pursuit this path further,” Dr. Bandid said. He added that “Thai listed companies are increasingly embedding social responsibilities into their business models for a sustainable growth, as well as disclosing policies and practices that are important to the stakeholders via the publication of a sustainability report that is consistent with international standards.”

“The future of CG development is moving towards business sustainability. This means giving more importance to longer-term rather than short-term outlook and on disclosure of non-financial information.  Board of directors is expected to take a more proactive role, including a leading role in formulating business visions and strategies as well as having in place an effective risk management system.   Consequently, the board of directors should be aware of the CG issues and development. In this regards, the IOD stands ready to provide support to and work with company boards to develop the CG standards and practices for Thailand,” Dr. Bandid said.

Download Files
- Press Release
- CGR 2015 Presentation
- CGR 2015 Report of Thai Listed Companies

- CGR Report 2015