April 28, 2011
Before September 10, 2008, private companies in Thailand had a fair amount of flexibility in holding meetings of the Board of Directors. On that date, however, Thailand’s Ministry of Commerce (MOC) issued an announcement to revoke many of these flexible practices. Directors are no longer allowed to appoint proxies to attend and vote at the meetings; the directors must attend the meetings themselves. Circulated resolutions and conference via electronic means are also no longer allowed.