Insights & News

Legalizing adult-use cannabis in Thailand

Admin — Mon, 30 Aug 2021 15:00:00 GMT

In Thailand, “cannabis” has been an interesting subject over the past few years and there are still debates inherited from different opinions until researches have been active in the field of medical study, legalizing the use of cannabis for medical purposes in Thailand as the first country in ASEAN. Moreover, in the business sector, companies started taking an interest in using cannabis as an ingredient or material for their products 1-2 years ago.

Managing Readiness to Minimize Risks – Preparing for Thailand Personal Data Protection Act (PDPA)

Admin — Thu, 06 May 2021 15:00:00 GMT

The upcoming deadline for meeting the compliance requirements of Thailand Personal Data Protection Act (PDPA) has forced companies to assess and upgrade their current data management practices. While this definitely is a must from a legal perspective, at the practicality level all organizations and their employees should take this as an opportunity to review how data is currently being managed and revise these processes in order to appropriately reflect the importance and urgency as intended by these new laws.

Celebrate the Past, Embrace the Future – Using Milestones to Revitalize Your Business

Admin — Mon, 14 Dec 2020 15:00:00 GMT

What are some reasons to celebrate together at work? Is it after getting that big project? Achieving your budget targets? How about finally solving that seemingly impossible problem? Or when things get executed exactly the way according to plan? For many companies, the most often celebrated occasion would likely be birthdays and anniversaries – of team members, of special milestones, of the company’s founding.

Perspectives on Corporate Compliance – Four Stories From Future Leaders

Admin — Mon, 23 Nov 2020 15:00:00 GMT

While all companies irrespective of nationality share similar business objectives and goals, the concept of corporate compliance seems to have originated from the US. Therefore, despite the best efforts, language challenges exist when trying to accurately and comprehensive translate such terms. Although related terms such as “Corporate Governance” (การกำกับดูแลกิจการ or ธรรมาภิบาล) and “Code of Conduct” (จรรยาบรรณ or จริยธรรมธุรกิจ) are often defined similarly among Thai companies, “Corporate Compliance” is not the case. Various terms are used such as การกำกับดูแลการปฏิบัติงาน (operational supervision); การปฏิบัติตามนโยบายและกฎระเบียบภายในองค์กร (compliance with internal policies and regulations); แนวปฏิบัติตาม…กฎหมาย (legal practice); การกำกับดูแล (supervision); การกำกับกฎเกณฑ์และการปฏิบัติงาน (regulation and practice); or การกำกับกฎหมายและกฎระเบียบองค์กร (supervision of laws and regulations). This illustrates why the concept of corporate compliance could be confused or misunderstood.

Engaging Your Future Leaders – How to Bring Out The Best Efforts

Admin — Sun, 25 Oct 2020 15:00:00 GMT

To get the best results, companies need to get the best efforts from its employees. Thus, it’s not surprising that many are constantly trying to find ways to motivate, inspire, and energize its people. No matter how strong the other aspects of your company may be, people are the heart of the business. To engage the best efforts, companies need to engage a vital group of employees – their future leaders. Nikkei Research & Consulting (Thailand) recently conducted in-depthonline interviews* with future leaders in companies in Thailand in order to better understand and unlock the full potential of organizations.

Corporate Compliance in Thailand – People, Preferences, and Prevention

Admin — Thu, 24 Sep 2020 15:00:00 GMT

In our previous article, we looked at current key issues, initiatives already implemented, and main priorities of companies in Thailand regarding corporate compliance. In this final episode of our corporate compliance series, we will look at people-related aspects, their preferences in dealing with compliance-related issues, and how companies can take action to prevent serious violations or risks. Once again these results are from ourNikkei Research & Consulting (Thailand)online survey* on corporate compliance practices of companies Thailand and Japan.

Corporate Compliance in Thailand – Issues, Initiatives, and Priorities

Admin — Mon, 17 Aug 2020 15:00:00 GMT

In our previous article, we looked at awareness, perceptions, and understanding of corporate compliance in Thailand. We will now look into details of what companies are currently doing in terms of issues faced, initiatives taken, and priorities going forward. These are the results from our Nikkei Research & Consulting (Thailand) online survey* to study corporate compliance practices of companies in Thailand and Japan.

Corporate Compliance in Thailand – Awareness, Perceptions, and Understanding

Admin — Sun, 19 Jul 2020 15:00:00 GMT

What do employees think about when they hear the term “corporate compliance”? For some, it is a normal part of doing business – the way of work that all companies must follow in order to maintain systems and standards. For others, it is a burden – troublesome hassles that make doing work boring, restricting, and difficult. And finally for some, it is a question mark – something they’ve heard about and know that they should do, but not sure how or why. Regardless of the different opinions, employees and employers both agree that corporate compliance is a necessary function for managing business.

From Good … to Great … to BEST

Admin — Mon, 18 May 2020 15:00:00 GMT

In our previous article, we explored how to inspire employees to view themselves as more than just workers and to become company ambassadors. We also looked at what makes employees feel that their company is a great place to spend their entire careers with. These are key goals for building a sustainable success. However, building a great workplace is not enough. What then should be the aspirational goal of your organization? The answer is: to build the “best” company.