วารสารวิชาการนิติศาสตร์ มหาวิทยาลัยทักษิณ

(c) A new system of corporate governance ratings run by the public sector rather than the previously private owned system can also help investors and customers make decisions. It can also prompt shareholders to call for improvements within their companies. (d) A class action law suit for shareholders should be allowed to be brought before the courts, particularly in cases where there is a fraud on the minority. (e) Regulations to monitor and punish managers for failure to serve the best interests of the company will encourage managers to take corporate governance more seriously. (f) It should mandatory to have an even higher ratio of independent board members, to move away from the old traditions of family and associate dominated boards. (g) A law to protect whistleblowers, particularly company employees who expose irregularities and contraventions of the law to authorities, will encourage a more transparent culture. (h) Credit analysis by lenders of potential borrowers could use corporate governance as a criterion in deciding whether to loan money to a company. 7 Even if we have seen a great many changes from 1997, several further solutions still need to be added, in order to make Thai corporate governance more transparent. This research suggests presents some further solutions as follows: a) All listed firms should be obliged to have an internal audit and to follow the Code of the Best Practice for Director and the Best practice Guidelines for Audit Committee by law. 7 Ibid., at 3 วารสารวิชาการนิติศาสตร์ มหาวิทยาลัยทักษิณ ปีที่ 4 ฉบับที่ 6 มกราคม - ธันวาคม 2556 