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Thai Corporate Governance Code for Listed Companies, 2017

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Summary

This Corporate Governance Code (the “CG Code”) is therefore developed as practice principles for the board of directors, as the leader and governing body of a listed company, to fulfil all of those expectations. The Principles of this CG Code integrate the essence of principles and best practices of the G20/OECD Principles of Corporate Governance, the Stock Exchange of Thailand Principles of Good Corporate Governance, principles of social and environment responsibilities for business, as well as the business leadership concept, and delineated as the board’s roles and responsibilities for the company’s long-term sustainable value creation. In this regard, the value created should not only be good for the company but also for its shareholders, stakeholders, the capital market and the society at large. If practiced in substance, the objective of long-term sustainable value creation should be reflected in the company’s business model, and ingrained in its corporate culture to ensure company-wide practices.

Thumbnail image for This Corporate Governance Code (the “CG Code”) is therefore developed as practice principles for the board of directors, as the leader and governing body of a listed company, to fulfil all of those expectations. The Principles of this CG Code integrate the essence of principles and best practices of the G20/OECD Principles of Corporate Governance, the Stock Exchange of Thailand Principles of Good Corporate Governance, principles of social and environment responsibilities for business, as well as the business leadership concept, and delineated as the board’s roles and responsibilities for the company’s long-term sustainable value creation. In this regard, the value created should not only be good for the company but also for its shareholders, stakeholders, the capital market and the society at large. If practiced in substance, the objective of long-term sustainable value creation should be reflected in the company’s business model, and ingrained in its corporate culture to ensure company-wide practices.
Issuer

Thailand

Year

2017

Region

Asia

Issuer (type)

The National Corporate Governance Committee (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary


Main industries targeted
  • Finance & Insurance
  • Professional, Scientific, & Technical Services
  • Mining, Quarrying, Oil & Gas Extraction
  • Manufacturing
Restrictiveness

Very High

Sustainable Development Goals (SDGs)
  • SDG 4: Quality Education
  • SDG 5: Gender Equality
  • SDG 6: Clean Water and Sanitation
  • SDG 14: Life Below Water

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