Thai listed companies are making great strides in corporate governance amid the rising trend of sustainable business, according to the Securities and Exchange Commission (SEC).
The SEC said Thai corporations were successful in securing the "Asean CG Scorecard" sustainability award, which is granted to listed companies across Southeast Asia.
Thailand had the highest number of firms in the Asean Asset Class PLCs category last year, with 76 companies out of 234 recipients earning at least 75% of the 130 total score, which is 97.5 or above. The number of Thai recipients was nearly double the level in 2019, when 42 Thai firms were granted the award.