Byline: Nuntawun Polkuamdee
Feb. 8--Could the Enron debacle, now being hailed as a textbook case of poor corporate governance, occur on a similar scale in Thailand?
It already has, if one traces back several years to corporate failures such as the Bangkok Bank of Commerce or Somprasong Land.
Chalee Chantanayingyong, assistant secretary-general of the Securities and Exchange Commission, said one factor was the difficulty investors and others outside of the accounting profession had in decoding financial statements.
"The accounting profession uses terms that are difficult to understand and need further analysis," he said. "Cases such as BBC …
No comments:
Post a Comment