Although the case is deemed a personal issue, this may affect the company's CG rating because CG takes the impact on all stakeholders into account, as well as environmental impact, said IOD president and chief executive Bandid Nijathaworn. Mr Premchai will be tried according to the judicial system for the poaching allegations, he said. Mr Premchai, 63, was arrested in the Thungyai Naresuan Wildlife Sanctuary on Sunday night along with three others. ITD shares plunged to 3.66 baht a share on Thursday, down from 3.84 baht on Monday amidst the controversy surrounding Mr Premchai. Mana Nimitmongkol, secretary-general of the ACT, said the company, especially top executives, should act in accordance with its own CG code of conduct.

Source: Bangkok Post February 08, 2018 22:30 UTC