Nok Air maintains high CG rating.
27 November 2018 | Nok Air
Bangkok, October 25, 2018 - Nok Airlines has maintained "very good" scores among listed companies in corporate governance (CG), ethical adherence and accountability.
The leading Thai budget airline obtained a 4-star rating in the 2018 Corporate Governance Report of Thai Listed Companies (CGR), conducted by the Thai Institute of Directors (IOD) with support from the Stock Exchange of Thailand (SET),
Nok Airlines acting chief executive Pravej Ongartsittigul said this is the fourth consecutive year that the airline obtained scores of more than 80%, defined as "very good."
The CG rating constitutes a crucial factor used by investors in general for investing in stocks with some institutional investors completely shy away from companies with low CG scores, while Thai CG Fund managers tend to invest in listed firms with 4-star rating or above.
"This is a testimony of Nok Airlines' corporate governance, especially in view that only half of listed companies assessed by SET this year received 4-star and 5-star ratings," he noted.