The Report on the Observance of Standards and Codes: Corporate Governance Country Assessment (CG-ROSC) is an assessment of CG policy framework and compliance with international standards of capital markets by the World Bank.
As participation in this program is voluntary, frequency of assessment may vary. The participating countries can also choose whether or not to disclose the assessment results. CG-ROSC participants are not required to pay any expenses but to facilitate the assessment process by providing information and coordinating with related entities in their country for the World Bank's officers to be able to collect information for the assessment. Thailand firstly joined the program in 2005 and secondly joined the program in 2013.
The full reports are available at:
(The first assessment)
(The second assessment)
Assessment criteria
The World Bank has assessed corporate governance policy framework of the Thai capital market based on the Corporate Governance Principles of the Organization for Economic Co-operation and Development (OECD), which cover six areas as follows:
1. Enforcement and CG framework
2. Rights of shareholders
3. Equitable treatment of shareholders
4. Roles of stakeholders in CG
5. Disclosure and transparency
6. Responsibilities of the Board