According to the Thai Institute of Directors, Delta Electronics (Thailand) PCL. has been listed on the ASEAN Corporate Governance (CG) Scorecard as one of the top 50 companies in Thailand. The company’s governance practices scored in the group of 90 points and above, as was stated in the press release issued on September 8, 2015. This score range comprises only the 34 best companies within Thailand, out of the 100 surveyed Thai companies in total. From all 550 ASEAN firms reviewed, 24 Thai companies made it to the top 50. The scorecard was based on a fivefold criteria including right of shareholders, equitable treatment of shareholders, role of stakeholders, disclosure and transparency and board responsibilities.
The ASEAN CG Scorecard is an initiative of the Association of Southeast Asian Nations to raise corporate governance standards of publicly listed companies (PLCs) in this region and increase their visibility to investors. This research provides an extensive methodology benchmarked against international best practices. It determines the performance of corporate governance practices within PLCs in the ten member states of ASEAN. The scorecard highlights ASEAN member countries’ focus on corporate governance which is important to attract and increase foreign direct investment into the region.
References web links:
The ASEAN Capital Market Forum website:
• Criteria http://www.theacmf.org/ACMF/upload/adbcg2014_7th.pdf
• ASEAN Scorecard press realease: http://www.theacmf.org/ACMF/webcontent.php?content_id=00017
IOD’s website:
• ASEAN Scorecard Press release : http://www.thai-iod.com/en/projects-2-detail.asp?id=298
