Good Corporate Governance Policy According to Buddhism

Abstract

Good corporate governance policy is the part that private and various state 
sectors must determine the conditions of action to protect the interests of 
stakeholders as much as possible. It also maintains the quality of credibility of the 
organization that operates successfully forever, depending on good corporategovernance, known as corporate governance, which the good corporate governance 
policy states that honesty, fairness, transparency, performance of roles and 
responsibilities. Therefore, the good corporate governance policy according to 
Buddhism should focus on trust, sincerity, making friends, benefiting and more 
expanding the customer base, known as Sangahavatthudhamma that consists of 4 
things, including  
1) Providing information about the real stock market and useful information for 
customers and stakeholders (Dãna), 2) Both verbal and documentary communications 
must be consistent with truthfulness, usefulness, and timeliness (Piyavãcã), 3) 
Creating benefits for Thai society and communities, also known as CSR, is the 
common interest (Attacariyã), and 4) Maintaining relationships between original 
customers, new customers, stakeholders, including the general people to benefit 
according to the specified framework (Samãnattatã). Therefore, the Stock Exchange of 
Thailand must determine these frameworks in order to create a good image for the 
organization for trade and investment both Thai and foreign will benefit together. 
Keywords: Corporate Governance Policy, Stock Market, Sangahavatthudhamma