Visiting Professor at Hitotsubashi University
Bandid Nijathaworn is president and CEO of the Thai Institute of Directors and visiting professor, Hitotsubashi University. This is an abridged version of an article featured in the book 'Bretton Woods, The Next 70 Years', published by the Reinventing Bretton Woods Committee, 2015.
With the global economy slowing and the risk of a recession looming on the horizon, the question that arises is whether countries in Asia have the resources and capacity to manage such a crisis, considering the current prolonged policy uncertainties and the lack of global leadership to forge an unified response.
As president of the Thai Institute of Directors (IOD), a question was posed to me: what would be the key governance issues for company boards in Thailand in 2013? This is not an easy question to answer, but after long and careful thought, my answer would include these three issues: