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The legality and corporate governance implications of deemed shareholder approval: final research report |
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| รหัสดีโอไอ | |
| Title | The legality and corporate governance implications of deemed shareholder approval: final research report |
| Creator | Nilubol Lertnuwat |
| Publisher | Thammasat University. Faculty of Law. Research Promotion Committee |
| Publication Year | 2569 |
| Keyword | Corporate governance, Electronic shareholders’ meeting, Deemed-approved policy, Voting rights, Thai listed companies, การกำกับดูแลกิจการ, การประชุมผู้ถือหุ้นผ่านสื่ออิเล็กทรอนิกส์, นโยบายการถือว่าผู้ถือหุ้นให้ความเห็นชอบ, การออกเสียง, บริษัทจดทะเบียนไทย |
| Abstract | The research examines the legality and corporate governance implications of the deemedapproved policy adopted by Thai companies. This policy presumes that when shareholders, attending the shareholders' meeting, do not actively vote, they are deemed to agree with the proposed agenda item. Specifically, it questions whether this mechanism violates the principle of fair and equitable shareholder treatment. Using a case study of SET50 companies, the research examines their adopted meeting practices. It compares them with the legal frameworks in the United States, the United Kingdom, Hong Kong, Singapore, and international corporate governance standards. The research argues that, even though the policy is legally valid, it may disenfranchise shareholders’ rights to participate in the meeting, lead to technical bias, shield the board from accountability, and yield a misleading outcome. This policy also contrasts with international practices that require active vote casting and prioritise auditability over administrative speed. Finally, the research recommends alternative approaches to balance meeting effectiveness and concerns about corporate governance by having companies clearly disclose the “approved by default" votes in meeting minutes and implement differentiated voting windows for different agenda items. |
| Language | EN |
| URL Website | https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:340064 |
| Website title | https://digital.library.tu.ac.th |
