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Thailand Commercial Banks Given More Governance Guidelines.
Dec. 5--The Bank of Thailand has established further guidelines for commercial banks to promote corporate governance.
The guidelines complement a manual prepared earlier for bank directors, and focus on the composition of boards and other committees, as well as members' qualifications and responsibilities.
Under the guidelines, a board of directors should have at least nine members but no more than one-third should be bank executives. At least three directors or one-quarter of the board, whichever is greater, should be independent.
An independent director must not hold more than 0.5 percent of the bank's shares, or be related to any major ...
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Source: HighBeam Research, Thailand Commercial Banks Given More Governance Guidelines.