You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

May 12, 2011

The Report: Thailand 2011 – More Prudent Practice

Subscribe to Updates
Oxford Business Group

No country is immune to corruption. Corruption and other illicit activities thrive in Thailand today as they have throughout this nation’s long history. According to Transparency International’s latest survey, the level of corruption in Thailand is no worse than it is in many countries. Is it liked? No. Accepted? Yes, but as a repugnant fact of life. Why? Because most people can do little about curbing it so they learn to live with it. Is the government promoting anti-corruption? Lip service, yes. Concrete steps? Very slow, so the jury is still out. Are Thais less moral or ethical than other nationalities? No. With perhaps a few exceptions in the political arena and within the circles of the powerful, they know that corruption is reprehensible.

Download Full Article
Related Professionals

Practices

Compliance and Investigations

Location

RELATED INSIGHTS​ 

November 8, 2017
Thailand is a priority destination for foreign direct investment (FDI) and has enjoyed steadily increasing FDI since the return of political stability in 2014. The current regime has made concerted efforts to consistently improve the country’s appeal as an FDI destination, resulting in an increasingly attractive and modern legal framework.
Read More
October 2, 2017
The National Anti-Corruption Commission (NACC), Thailand’s anti-corruption agency, has issued a new resource document called “Guidelines on Appropriate Internal Control Measures for Juristic Persons to Prevent Bribery of State Officials, Foreign Public Officials, and Agents of Public International Organizations” (“guidelines”).
Read More
August 21, 2017
Employees, managers, and the companies they work for sometimes do bad things.   Employees might embezzle money or sell trade secrets to competitors. Executives may authorize a bribe to win a contract, or tacitly approve accounting trickery to make finances appear better than they really are. From stealing petty cash out of a lockbox to multimillion dollar bribery scandals, there are innumerable ways for employees and companies to commit misdeeds.
Read More
May 5, 2017
As part of its membership in Lex Mundi, Tilleke & Gibbins has published an updated edition of its Guide to Doing Business in Thailand for 2019.This guide offers a broad introduction to all of the key factors for starting and operating a business in the Thai market. Issues covered include:
Read More