This article Examines the extent of changes in corporate governance in Thailand since the 1997 financial crisis. Discusses the governance problems in the corporate sector before the crisis and the subsequent improvements to regulation and market forces, regarding: (1) the rights and treatment of minority shareholders; (2) the structure and responsibilities of the board of directors; (3) the rights and role of stakeholders and institutional investors, focusing on creditors, employees and institutional investors; and (4) financial transparency and disclosures. Suggests further improvements. This article was originally publish in the Vol. 3, No. 4, 2006 edition of the International Journal of Disclosure and Governance. It is re-published here with the kind permission of Palgrave Macmillan and Obeua Persons. |