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