Smart governance must come from top
Thai business organisations need to recognise the importance of a financial and legalistic framework for corporate governance, which is underpinned by ethics and morality.
Clear direction and support from top management are crucial to the successful implementation of good governance as employees will look at leaders for the correct behaviour to emulate, participants in a seminar at the Stock Exchange of Thailand heard on Tuesday.
Michael Segon, senior consultant at KPMG Forensic, said that ethics and integrity were essential for good governance, adding value to businesses and creating trust and loyalty among shareholders.
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