Before going public, get governance in place

In the first part of this three-part series on April 22, we noted the rush of businesses eager to list on the Thai capital market, spurred by corporate tax reductions among other incentives. However, many companies, notably those that have been family-controlled, lack a comprehensive understanding of the corporate governance requirements that going public will entail.

While companies aspiring to list may be preoccupied with the minutiae of preparing for an IPO, they must also recognise the need to have a good governance structure in place from the outset. The previous column dealt with the first two principles: Corporate Governance Policy and Shareholders' Rights and Equitable Treatment. Today we continue with more key points.

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