Comparison between corporate governance framework: Malaysia and Thailand
Malaysia and Thailand, two prominent Southeast Asian nations, exhibit both shared and different governance frameworks influenced by their unique historical, political, and cultural contexts. Malaysia functions as a federal constitutional monarchy with a parliamentary democracy, whereas Thailand is a...
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| Main Authors: | , , , , , |
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| Format: | Book Section |
| Language: | en |
| Published: |
Faculty of Accountancy
2025
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/131890/1/131890.pdf https://ir.uitm.edu.my/id/eprint/131890/ |
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| Summary: | Malaysia and Thailand, two prominent Southeast Asian nations, exhibit both shared and different governance frameworks influenced by their unique historical, political, and cultural contexts. Malaysia functions as a federal constitutional monarchy with a parliamentary democracy, whereas Thailand is a unitary constitutional monarchy marked by recurrent military interventions and periods of authoritarian rule (Case, 2021; Chambers, 2022). While both nations integrate traditional institutions with modem democratic principles, their political stability, rule of law, and levels of public engagement vary significantly (Croissant & Lorenz, 2022). Malaysia has generally maintained a more consistent electoral process, while Thailand
has shifted between democratic and military-led regimes. |
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