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April 19, 2011

Management of Legal Liabilities

Bangkok Post, Corporate Counsellor Column

If you are a corporate director or officer or are thinking of accepting such a post in Thailand, you would be well advised to know that with the benefits of the position come responsibilities as well as potential liabilities. This is particularly true in Thailand, since directors and officers can be held both civilly and criminally liable to persons injured by their actions or their failure to act. In fact, a director’s duty of care is extended beyond the company shareholders to third parties and to the government. This article explores the scope of director and officer liability in Thailand.

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Yael Hauser