“It is confirmed that the corporate governance fund will not be invested in the shares of Italian-Thai Development,” said Worawan Tharapoom, president of the Federation of Thai Capital Market Organisations. She added that the members of asset management companies would discuss the Premchai issue, which could be a case study on good governance. Premchai is accused of poaching endangered animals in Thung Yai Wildlife Sanctuary after his arrest at the weekend. “The Thai Institute of Directors last year awarded four-star scores for good corporate governance to Italian-Thai Development. If Premchai is actually found guilty, it is the responsibility of the company’s board of directors to consider the issue carefully and appropriately as they will be pressured and investigated by society,” she added.

Source: The Nation Bangkok February 08, 2018 03:56 UTC