Mr Wallop Tangkananurak who raised the above issue at the NLA’s meeting today said that there has been a lot of criticism against high-ranking officials being appointed directors of state enterprises such as Electricity Generating Authority of Thailand, ThaiHealth Foundation and PTT Plc questioning whether the practice could be deemed as a conflict of interest.
Responding to the question raised by Mr Wallop, Deputy Finance Minister Wisut Srisuphan explained that there is a law allowing senior government officials to site on the boards of state enterprises. He, however, admitted that the law is not perfect and has several loopholes.
The deputy finance minister cited a ruling of the Council of State ten years ago which states that the appointment of senior governments as board of directors of state enterprises was intended to oversee the performances of the enterprises to make sure that they do not stray from the guidelines imposed by the state.
He said that Prime Minister Prayut Chan-ocha had attached importance to regulating the performances of state enterprises to ensure that they are transparent and practice corporate governance.
The deputy finance minister further said that a bill to regulate state enterprises would soon be proposed to the cabinet for consideration.