วารสารวิชาการนิติศาสตร์ มหาวิทยาลัยทักษิณ

the management team’s performance transparently and effectively. 4 The concept of good corporate governance is needed for business survival, boosting investors’ confidence and most importantly, enhancing a company’s competitive advantages. 5 Additionally, it benefits the best interests of the company for the collective benefits of stake holders and shareholders. Financial transparency and disclosures are very crucial to the success of corporate governance because regulators, investors and shareholders rely on financial reports to assess corporate performance and monitor management. Participants in economic markets also need reliable and accurate information in order to make the right decisions; however, prior to 1997 companies in Thailand commonly conceal information to protect trade secrets in order to maintain competitiveness. Since 1999, the Thai economy has started to show positive results in its macroeconomic recovery from the financial crisis mainly supported by good corporate governance and practices. Objectives of research 1) To study the problem, principle, concept, theory related law and practices of corporate governance, transparency and disclosure for Financial Crisis of 1997 in Thailand and compare with foreign country. 2) To study an appropriate measures for improving corporate governance, transpa rency and disclosure in Thailand. 4 Kiattisak Jelatianranat. “Thailand’s Corporate Governance Issues and Development,” Country Paper of Thailand for the OECD/World Bank/ADB 2nd Asian Corporate Governance Roundtable in Honk Kong, 2000. 5 Deunden Nikomborirak and Somkiat Tangkitvanich. “Corporate Governance: The Challenge Facing the Thai Economy,” OECD Conference on ‘Corporate Governance in Asia: A Comparative Perspective’, (1999). วารสารวิชาการนิติศาสตร์ มหาวิทยาลัยทักษิณ ปีที่ 4 ฉบับที่ 6 มกราคม - ธันวาคม 2556 