Bandid Nijathaworn
Bandid Nijathaworn

ITD could lose its high corporate governance rating

business February 09, 2018 01:00


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THE Thai Institute of Directors Association (IOD) will consider poaching allegations in its corporate governance score for Italian-Thai Development in this year’s survey, said Bandid Nijathaworn, president and chief executive of the association.

“The allegation may be a personal issue, but it could affect the scoring of corporate governance for the listed company,” he said. 

Bandid was referring to Italian-Thai president Premchai Karnasuta, who was arrested over allegations of poaching a critically endangered black leopard and other animals in the Thung Yai Naresuan Wildlife Sanctuary. 

According to a 2017 IOD survey, Italian-Thai scored very high in corporate governance with a four-star rating. The IOD is a non-profit organisation designed to improve directors’ professionalism and corporate governance in Thailand.