South Australian consultancy firm Governance Matters has opened an office in Bangkok, in the process becoming the first independent corporate governance consultancy to operate in south-east Asia, aside from Singapore.
One of Thailand’s leading governance experts, Rongruja Saicheua, recently acquired a stake in the company and will head up the Thai operation.
Founder and managing director Kate Costello said the opening of the Bangkok office will strengthen best practice corporate governance in one of the world’s fastest growing regions.
“Ms Saicheua is a foundation member of the Thai Institute of Directors and was intimately involved in establishing, managing and developing the IOD’s ground-breaking governance education initiatives that today stand as the most in-demand and respected in Thailand,” she said.
Ms Saicheua’s contribution to corporate governance in her native country led to her being chosen to represent Thailand as its expert on the recent ASEAN Corporate Governance Scorecard Project and its Capital Market Forum.
“She has impeccable credentials and connections in the region and we are honoured to have someone of her stature lead Governance Matters Thailand,” Kate said.
“We’re confident that under her astute guidance, we will have a positive and lasting impact on corporate governance practices and board performances across south-east Asia.”
Ms Saicheua holds a Master of Economics degree from Western Michigan University, a Bachelor of Business Administration and Marketing degree from Indiana University and a raft of highly-regarded certificates in directorships and corporate governance from numerous North American institutions.
In her capacity as managing director of Governance Matters Thailand, she will focus on independent board performance evaluations of Thailand’s top 50 listed companies on the country’s stock exchange.
“I’m thrilled to be able to bring the tried, tested and distinguished Governance Matters model – honed over more than 20 years – to Thailand and the region,” Ms Saicheua said.
“With the excellent Governance Matters tools and my research, administration, finance, education and training expertise, I look forward to working closely with Kate and her team to help mould and shape corporate governance best practice in this bourgeoning part of the world.”
Thailand is currently under military rule thanks to deep political divides that once again came to the fore earlier this year.
Updated 18 July 2014, http://www.in-business.com.au/news/story/2014-7-18/18747