Thailand Ranked 4Th For Corporate Governance Level

[george]

Thailand ranked 4th for corporate governance level

BANGKOK, Dec 24 – Thailand is ranked fourth out of 11 countries in Asia for corporate governance level by the Asian Corporate Governance Association, according to Securities and Exchange Commission (SEC) Secretary-General Thirachai Phuvanatnaranubala.

He said the association--in cooperation with Credit Lyonnais Securities Asia (CLSA), Asia-Pacific Markets--evaluated the corporate governance level of 11 Asian countries and moved Thailand’s rank up to fourth this year from eighth last year.

The higher position was secured mainly because the government had a concrete policy for preparation of the capital market development plan. This showed Thailand is strongly determined to seriously develop its capital market. A legal amendment was also passed for the sake of upgrading corporate governance levels.

The achievement stemmed from coordination and cooperation between many organizations including the Finance Ministry, SEC, Stock Exchange of Thailand, various associations in the capital market and other concerned agencies.

As for the performance plan for next year, SEC would implement it under the strategic plan for 2010-2012 to ensure it corresponds exactly to the Thai capital development plan. (MCOT online news)

-- TNA 2010-12-24

[asiawatcher]

4th for corporate governance but where on the scale do they rate for execution and results?

[housepainter]

I was interested in knowing who the other countries are.

If it is concentrated on the SE Asia / Asean region then there is hardly a strong queue of major players. Conversely there is Laos, Burma, Cambodia that surely occupy the bottom three places.

Not surprising that Thailand then was eight last year.

[WilliaminBKK]

Here is the Ranking

Singapore

Hong Kong

Japan

Thailand

Taiwan

Malaysia

India

China

Korea

Indonesia

Philippines

[kropotkin]

Does anybody understand this article?

Usually, it is only "hot air salesmen" that talk about corporate governance.

But this article sets new standards in Nonsense.

[gemini81]

they finish in last place as far as convincing the reader that this is not absolute rubbish!

[jayjay0]

Here is the Ranking

Singapore

Hong Kong

Japan

Thailand

Taiwan

Malaysia

India

China

Korea

Indonesia

Philippines

There go's housepainter's Thai bashing theory.

Granted they are not exactly Western economies but they are far from the worst possible choices. I presume that was South Korea. I wonder if they were the same countries in the list as last year?