April 19, 2011

Corporate Governance under the Proposed Amendments to the Securities and Exchange Act of 1992

Thailand: Legal Developments, Tilleke & Gibbins Client Newsletter

“Corporate governance,” as defined by the Stock Exchange of Thailand (SET), is a system of processes by which a company is directed or controlled with the objective of protecting the rights and interests of its shareholders and other stakeholders. It includes the relationships between a company’s board of directors, executive and management teams, and shareholders. In Thailand, the implementation of corporate governance is not mandated by any specific law. To address this, government authorities, including the SET, have proposed amendments to the Securities and Exchange Act, as outlined in this article.

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