Home » Business » TQMalpha has won the ASEAN CG Scorecard for the year 2021, underscoring its position as an organization with good corporate governance in the ASEAN region.

TQMalpha has won the ASEAN CG Scorecard for the year 2021, underscoring its position as an organization with good corporate governance in the ASEAN region.

Friday 02 December 2022

TQMalpha or TQM Alpha Public Company Limited received the “ASEAN CG Scorecard” award for the year 2021 as a listed Thai company with an average ASEAN valuation score of 97.50 points or above, in the ASEAN Asset Class PLC category. 76 Thai listed companies receiving award Which country received the most awards in ASEAN out of a total of 234 companies in the 2021 ASEAN CG Scorecard (ACGS) announcement. It is supported by the ASEAN Capital Markets Forum (ACMF) and the Asian Development Bank (ADB).

The ASEAN CG Scorecard is a project initiated by the ACMF in 2012 with the support of the SEC in ASEAN to assess the corporate governance of listed companies in 6 ASEAN countries, namely Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. 100 market prices as of May 31 (validated every two years), the national assessment uses criteria developed from the OECD five criteria, assessing publicly available information for listed companies. And there is a peer review process for other countries to ensure that all countries have consistent rating standards. For the ASEAN CG Scorecard 2021, it is rated by the operational data disclosure for the year 2020. The IOD is been considered by the Bureau of Kor.SEC as a CG expert and assessment organization on behalf of Thailand (national classification body)

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