The government established the National Corporate Governance Committee (NCGC) in 2002. Chaired by the Prime Minister, the NCGC conducts seminars, gives out awards and provides advisory services.
The Stock Exchange of Thailand (SET) issues a code of best practices for directors of listed companies. While not legally binding, the code includes guidelines on transparency of directors' remuneration, board member selection, and corporate financial disclosure.
The Thai Institute of Directors Association (IOD) likewise issues a Code of Ethics. IOD publications include the Thai Directors Compensation Survey and a study on Strengthening Corporate Governance Practices in Thailand.
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