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  1. #1
    loob lor geezer
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    Minding Thailand's business



    Should the military reduce its role in the corporate world?

    Pranom Kowinwipat never missed any of the 60 general meetings during her five years on the audit committee at Bangchak Petroleum Plc.

    Colleagues describe the 71-year-old associate professor as honest, straightforward and with expertise in accounting and finance: “Someone who the organisation needs at this time.” That is, until she was
    replaced in April 2011 by former deputy army chief Dapong Rattanasuwan in an abrupt decision by the nomination committee.


    Gen Dapong was side by side with junta chief Gen Prayuth Chan-ocha in the 2006 coup and the 2010 crackdown on red-shirt demonstrators who protested against the Democrat Party-led government. A year later, the Abhisit Vejjajiva government granted him a handsome reward — a seat on the board of Bangchak, a majority
    state-owned oil refiner listed on the Stock Exchange of Thailand (SET), which gave him remuneration of 2.64 million baht last year.


    After the military takeover on May 22, changes at state enterprise boards had been highly anticipated. On June 16, the military-led National Council for Peace and Order announced its plan to overhaul the

    the management of state enterprises, taking aim at the board of directors of 56 state enterprises and state-owned public organisations.


    Now that the army has seized power and pledged to fight corruption, should the Thai military reduce its role in business?


    Full article here : An interesting read .


    http://www.bangkokpost.com/news/investigation/419088/minding-thailand-business

  2. #2
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    Of course, none of this could be called corruption. It's just proper management. Th Army have done such good things. They're heroes and they should be rewarded.

  3. #3
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    Quote Originally Posted by tomta View Post
    Of course, none of this could be called corruption. It's just proper management. Th Army have done such good things. They're heroes and they should be rewarded.
    Why should government or military consider it any other way?

    The only reason government bodies exist is to be into business big time.

  4. #4
    loob lor geezer
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    Later in the article :

    Pavida Pananond, an associate professor of international business at Thammasat Business School, said there has not yet been a clear change of direction in the way state enterprises are run, but rather a replacement of board members.

    “We have seen pretty clearly that this is a purge of the Thaksin-related regime,” she said. “Let’s hope now there is some kind of clear mechanism to enhance corporate governance in state enterprises to ensure Thailand will not return to the 1970s when men in uniform used to dominate the boards.”


    If General Dapongs 2.64 million baht is any kind of yardstick Ms Pavidas hopes will likely remain unfulfilled.

  5. #5
    loob lor geezer
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    Quote Originally Posted by tomta View Post
    Of course, none of this could be called corruption. It's just proper management. Th Army have done such good things. They're heroes and they should be rewarded.
    Fret ye not, our brave and glorious heros will be rewarding themselves for a long time to come , but as you say, trying to equate ye olde patronage system with corruption .........well, it's just outrageous and I can't imagine why anyone would think such a thing.

  6. #6
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    I could understand them removing and replacing corrupt officials but this should be the exception rather than the rule.
    TIT

    Amazing how many senior retired military in the west find themselves inserted into well paid industry jobs. Defence contractors and lobbyists will never be short of military expertise.

  7. #7
    loob lor geezer
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    Also from the same article :

    “Politicians have always appointed some board members of state enterprises as a reward for their loyalty, and I believe the NCPO will do the same for their close friends,” said the source. “If we want true reform, we need good and talented people.”



    And if they bring nothing but their golf clubs to the boardroom like the good 'ol days, so much the better.

    Still.....at least we now know what all this feverish chatter about reform really meant.

  8. #8
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    Quote Originally Posted by chassamui View Post
    I could understand them removing and replacing corrupt officials but this should be the exception rather than the rule.
    TIT

    Amazing how many senior retired military in the west find themselves inserted into well paid industry jobs. Defence contractors and lobbyists will never be short of military expertise.
    Universally common amongst establishment circles.
    Nothing new...

  9. #9
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    They are all crooks - every last one of them. The more the power, the greater the corruption.

  10. #10
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    Quote Originally Posted by Waid View Post
    They are all crooks - every last one of them. The more the power, the greater the corruption.
    And the more "civilised" the power, the greater the criminality towards the populations. 'Tis just looked upon differently, as they repeatedly remind us that it's much more civilised.

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