The corporate governance and blockchain : how blockchain technology can improve corporate governance in Thai listed companies

Name: Paveenasuda Sriphaya

keyword: Blockchain technology

; Corporate governance

; Governance and blockchain

; Distributed ledger technology

Abstract: The most common issues in Asian countries’ corporate governance are the understanding of corporate governance and transparency in the corporate management process. Since the introduction of corporate governance in Thailand in 2001, Thai listed company corporate governance performance has gradually improved. However, there are still rooms for improvement where new technology can support it. Blockchain technology and its principles have changed the view of old-style trust systems by using information technology with decentralized networks, peer-to-peer transfer and validation, consensus protocol, and cryptographic proof to keep records of transactions along the process. While corporates adopt blockchain to add value to products and services, there is no use for corporate governance purposes. The Securities Exchange Commission and the Bank of Thailand are interested in using blockchain. They aim to protect and improve the country’s economic status and ensure investors receive the benefits they deserve through Blockchain mechanisms, such as creating a governance system that shareholders, managers, and stakeholders can agree upon and improve the inclusion, reflecting the business’s transparency. This study will show the implication of Blockchain technology and how it can potentially enhance corporate governance performance in Thai listed companies using the Blockchain and Corporate Governance Principles mapping through the interview of listed companies, including their perception and willingness to adopt Blockchain technology for corporate governance improvement purposes. From the study, the conclusion from Thai-listed companies in scope shows that the Thai-listed companies view that the most common corporate governance areas requiring improvement are disclosure and transparency, and the roles of stakeholders and Blockchain technology are perceived that can improve these areas considering its design principles

Thammasat University. Thammasat University Library

Address: BANGKOK

Email: preserv@tu.ac.th

Name: Manit Saitismitpong

Role: advisor

Created: 2022

Modified: 2024-08-01

Issued: 2024-08-01

วิทยานิพนธ์/Thesis

application/pdf

DOI: 10.14457/TU.the.2022.1531

eng

DegreeName: Master of Science

Level: Master's Degree

Descipline: Information Technology Policy and Management

Grantor: Thammasat University

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