Reform Priorities in Asia: Taking Corporate Governance to a Higher Level Taking Corporate Governance to a Higher Level reform priorities in Asia 2011 REFORM PRIORITIES IN ASIA: TAKING CORPORATE GOVERNANCE TO A HIGHER LEVEL 2011 This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. This document and any m...

the company starting in the next financial year. In addition, The company also partially books the increase in provision of employee benefit in accordance the new Labor Protection Act within the cost of

stores and new stores and come from recognized the service cost in the past from employee benefit according to The Labor Protection Act (No. 7) B.E. 2562 has been announced in the Royal Gazette on April 5

. This is in line with the new Labor Protection Act and the calculation assumptions are changed. - Net profit was 50.94 million baht increased from the previous year by 40.91 million Baht or 407.74

increasing staff to cope with increasing services demand. And the company have to increase the reserve of employee benefit by 4.03 million Baht. This is in line with the new Labor Protection Act, in which

maintenance coupled with the adjustment of severance payment for labor retirement benefits, the Company reported net loss of Baht 26.9 million. Loss per share was Baht 1.26. Six-Month Period The Company

last year. 2. Administrative expenses were Baht 92.09 million; increased Baht 16.71 million or 22.17%. This is result from increasing provision for retirement benefit under new labor law and increasing

3.78 Million or 15.53% when compared to the same period of 2018. Resulting from increasing in the employment benefit obligation based on the Labor Protection Act (Issue 7) B.E. 2562 which revised in rate

expenses increased by Baht 57.24 million or 10.58 % due to the increase in medical personal and general staff expenses to support the future expansion of subsidiaries. Morever according The Labor Protection

therefore the above news may, if any, have only a slight impact on Thailand?s market image. Moreover, CalPERS criteria includes other factors such as productive labor practices, human rights, etc., which are