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Perceptions of corporate boards about standards of corporate governance in Thailand

Jongsureyapart, Chatrudee and Wise, Victoria 2011, Perceptions of corporate boards about standards of corporate governance in Thailand, International journal of economics and management science, vol. 1, no. 1, pp. 43-54.

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Title Perceptions of corporate boards about standards of corporate governance in Thailand
Author(s) Jongsureyapart, Chatrudee
Wise, Victoria
Journal name International journal of economics and management science
Volume number 1
Issue number 1
Start page 43
End page 54
Publisher Society For Economics and Management Research (SEMAR)
Place of publication Puducherry, India
Publication date 2011-01
ISSN 2229-4430
Summary The aim in this study is to discover the nature and extent of corporate governance in listed companies in Thailand. This includes a consideration of theoretical underpinning for amendments made to the western models of corporate governance that have been implemented by Thai listed companies, and of the effect of corporate governance principles on financial information, including financial reports, used by stakeholders in Thai listed companies. The results in this study show that after the Asian financial crisis corporate governance in Thailand improved especially in enforcement and disclosure, and outside/independent directors and professional organisations are playing leading roles in that process. Better corporate governance has resulted from improved internal corporate governance mechanisms and enhanced accounting standards, information disclosure, and auditing standards. New and up-dated rules, new and revised laws, and increased regulation are in the forefront of improved corporate governance. Process-related activities like monitoring, supervising, enforcing, and higher awareness have increased. Moreover, corporate governance practices are now in the spotlight throughout the financial and investment markets.
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Language eng
Field of Research 150303 Corporate Governance and Stakeholder Engagement
Socio Economic Objective 910199 Macroeconomics not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2011, Society For Economics and Management Research (SEMAR)
Persistent URL http://hdl.handle.net/10536/DRO/DU:30042129

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