Tag: Shareholders

THAILAND | Corporate Governance Changes

The Thai Civil and Commercial Code Amendment Act (“Act”)  alters the requirements on corporate governance and the constitution of private companies. The Act is effective from  February 16, 2023. The main changes are as follows: Minimum number of shareholders The minimum number of persons to establish a private limited company(“Promoters”) is reduced from three to…

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CHINA | Corporate Governance Best Practise

A major challenge for foreign investors is maintaining proper governance of their Chinese limited liability company and generating a profitable business. Whilst there are significant improvements in the business environment, including regulatory reforms to streamline administrative procedures, investors, especially those residing abroad, face challenges in establishing the proper corporate governance and ensuring the Chinese subsidiary…

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