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Official Plays Down Governance Concerns at Thai Asset Management Corporation.

Bangkok Post (Bangkok, Thailand)

| October 04, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Oct. 4--Prime Minister Thaksin Shinawatra yesterday played down growing governance concerns at the Thai Asset Management Corporation, saying that questions over restructuring standards stemmed from misunderstandings.

He said questions regarding whether TAMC managing director Somjate Moosirilert had violated restructuring standards possibly pointed to weaknesses in the agency's regulations.

"One side is concentrating on rapid, successful restructuring, which might not be in line with the beliefs of others regarding the regulations," Mr. Thaksin said.

"We may need to adjust the regulations to ensure greater flexibility."

The TAMC was ...

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Source: HighBeam Research, Official Plays Down Governance Concerns at Thai Asset Management...

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