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Survey on Ease of Doing Business
Survey on Ease of Doing Business

1) Doing Business 2017 : Measuring Regulatory Quality and Efficiency
2) Regulatory Developments for Ease of Doing Business


Thailand achieves high score on Protecting Minority Investors
According to the World Bank’s Doing Business 2017 survey on the impacts of laws and regulations on local businesses throughout their life cycle, Thailand is ranked 27 out of 190 economies in the area of protecting minority investors, as summarized below:






East Asia & Pacific
Extent of disclosure index (0-10)
​Extent of director liability index (0-10) ​7.0
Ease of shareholder suits index (0-10) ​ ​7.0
​Extent of conflict of interest regulation index (0-10) ​8.0 ​5.6 ​6.3
​Extent of shareholder rights index (0-10) ​4.0
Extent of ownership and control index (0-10) ​5.0 n/a
Extent of corporate transparency index (0-10)
Extent of shareholder governance index (0-10)
Strength of minority investor protection index (0-10)

*/ Sources from


The well-established standard in this particular area was due in large part to the collective efforts of all parties, public and private, involved in the Cabinet-approved initiative in 2005 to improve governmental agencies’ service quality to enhance competitiveness of doing business in Thailand, using Doing Business findings – the first report being published in 2003 – which identified strengths and opportunities for improvement in different surveyed economies as a point of reference.
In propelling the cross-agency project, different governmental organizations were appointed heads of relevant areas for improvement. Their role was to set up a working group to consider measures for improving quality and efficiency of services under their responsibility, hold the position of chairman and act as the secretariat to their working group.
The SEC, as the head of the investor protection working group gathered representatives from the Department of Business Development of the Ministry of Commerce, the Ministry of Justice, the Stock Exchange of Thailand, the Federation of Accounting Professions, the Thai Investors Association and law firms.
In the final analysis, against the backdrop of Doing Business indicators, the group found that in general Thai laws and business regulations are based on similar principles to those issued by economies of higher Doing Business ranks, especially the information disclosure regulation for which Thailand achieved the full 10 points.
The continuing regulatory adjustment in the capital market has contributed to higher points in the Investor Protection Index. This includes the Amendment to the Securities and Exchange Act of 1992 with additional provisions on roles and responsibilities of company directors and executives and the shareholders’ rights, and the promulgation of the Securities and Exchange Act (No. 4) of 2008 which specifies additional regulations on management of securities issuing companies. This regulatory improvement led to Thailand’s higher Investor Protection.

About Doing Business

Doing Business is a survey on regulatory environments and how they influence the ease of doing business across economies and over time. Focusing on laws, regulations and business procedures for domestic small-and medium-sized companies, Doing Business provides a quantitative measure of regulations through several indicators, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.


With the goal of providing an objective basis for understanding and improving the regulatory environment for business around the world, the first Doing Business report, published in 2003, covered 133 economies. This year’s report covers  190 economies. For more information, please visit:



Distance to frontier and ease of Doing Business Ranking


As part of a three-year update in methodology, the 2017  report presents results for two aggregate measures: the distance to frontier score and the ease of doing business ranking, which is based on the distance to frontier score. The ease of doing business ranking compares economies with one another; the distance to frontier score benchmarks economies with respect to regulatory best practice, showing the absolute distance to the best performance on each Doing Business indicator. When compared across years, the distance to frontier score shows how much the regulatory environment for local entrepreneurs in an economy has changed over time in absolute terms, while the ease of doing business ranking can show only how much the regulatory environment has changed relative to that in other economies.


Methodology changes in Doing Business
The Doing Business report has introduced changes in methodology since 2015, in order to expand the focus in indicator sets to also cover aspects of the quality of services and recent good practices in the areas covered. One of three areas that had major revisions of its methodology is protecting minority investors. The scope of the indicator set was expanded to also measure shareholders’ rights in corporate governance beyond related-party transactions.
Regulatory Developments for Ease of Doing Business ​
The Office of the Public Sector Development Commission ( OPDC ) has provided a doing business factsheet called “One Decade of Ease of Doing Business in Thailand ” presenting a development of Thai regulations relevant to the life cycle of a domestic business including protecting minority investors in Thailand. For more information, please visit OPDC official website at (Thai language)
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