October 11, 2025Oct 11 File photo for reference The Ministry of Finance has asserted the professional calibre of nominees for the board of directors of Thai Airways International (THAI), addressing concerns about potential political interference. Permanent Secretary Lavaron Sangsnit revealed that 17 individuals have been proposed as director candidates, excluding those put forward by shareholders with over 5% holdings. A selection committee will narrow this list to eight by 19 October, targeting both replacements and new appointments. The process will continue with the THAI board reviewing the candidates on 23 October, subsequently presenting them to the shareholders’ meeting in December for approval. Lavaron emphasised the importance of maintaining THAI as a professional entity, not reverting it to a state-controlled enterprise, but rather operating as a listed company. Shares of THAI resumed trading on the Stock Exchange of Thailand in August after a four-year rehabilitation period, with the Ministry of Finance holding a reduced 38.9% stake. During its rehabilitation, THAI lost its state enterprise status as government holdings fell below 51%, a strategic move to tackle past bureaucratic inefficiencies. Banyong Pongpanich, a former board member, suggested that the government sell off shares to further enhance business efficiency. However, Lavaron reassured stakeholders that the current board prioritises the airline's prosperity, insisting on transparency and professional conduct in decision-making. Lavaron also noted the need to expand the board from 11 to 15 members to improve operational efficiency. Current limitations prevent the formation of essential committees like risk management due to an insufficient number of available directors. Only two committees currently operate, in compliance with stock exchange regulations, indicating the necessity for board expansion to fully meet operational needs. Key Takeaways Thai Airways board nominees are all declared professionals by the Ministry of Finance. The board selection process will culminate in shareholder approval in December. Expanding the board aims to address operational limitations and enhance efficiency. Related Stories: Thai Airways Eyes Global Top 10 Ranking with New Strategies Thai Airways Soars with 12 Billion Profits in Q2 2025 Adapted by ASEAN Now from Bangkok Post 2025-10-11
October 11, 2025Oct 11 4 hours ago, JoePai said: If you believe that you would believe anything 15 directors? A tad top heavy don't you think? Two many cooks spoil the broth. Left hand not knowing what the right is doing. The art of good management is delegation.
October 12, 2025Oct 12 On 10/11/2025 at 2:40 PM, Hardcastle P said: 15 directors? A tad top heavy don't you think? Two many cooks spoil the broth. Left hand not knowing what the right is doing. The art of good management is delegation. You clearly don't understand the difference between the Board of Directors and Management.
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