This report assesses Thailand scorporate governance policy framework. It highlights recentimprovements in corporate governance (CG) regulation, makespolicy recommendations, and provides investors with abenchmark against which to measure corporate governance inThailand. It is an update of the 2005 Corporate GovernanceReport on the Observance of Standards and Codes (CG ROSC).Good corporate governance enhances investor trust, protectsminority shareholders, and encourages better decision makingand improved relations with workers, creditors, and otherstakeholders. Better investor protection can lower the costof capital and encourage companies to list and raise fundsthrough equity markets. It is crucial to protect retirementsavings invested in listed companies. Good corporategovernance also helps to ensure that these companies operatemore transparently and efficiently.