File Attachment(s) Reserve for IOD Member Only Download Board Governance Evolution [ 866.91 kb. ]

Board governance is usually the primary contemplation of attempts to achieve good corporate governance practices. The Thai Institute of Directors (Thai IOD) has been a strong advocate of good governance practices by Thai listed companies since its establishment in 1999. Thai IOD has introduced internationally-accepted governance standards to Thai listed companies and assessed their governance practices on a regular basis, resulting in a publication of the Corporate Governance Report of Thai Listed Companies (CGR). The CGR evaluation framework and criteria cover 5 corporate governance categories: Rights of Shareholders, Equitable Treatment of Shareholders, Role of Stakeholders, Disclosure and Transparency, and Board Responsibilities. Figure 1 presents the scores for each governance category from 2011 to 2014. The evidence of no improvement and relatively low scores in the Board Responsibilities category has called attention to examine how the Board Governance of Thai listed companies has evolved since 2011.