Thailand attains highest levels of anti-corruption disclosures

Thailand has displaced Malaysia to come out tops in terms of overall anti-corruption disclosures among the largest listed companies in Southeast Asia in 2022, booking the largest increase to hit 83% from 71% in 2020. The country also attained the highest levels of disclosures in all three categories. This is according to a business integrity study jointly carried out by the Securities Investor Association (Singapore) (Sias), the National University of Singapore’s (NUS) Centre for Governance and Sustainability (CGS), and the ASEAN CSR Network which looked at public disclosures from the 50 largest companies by market capitalisation as at the end of June on each of the stock exchanges of Indonesia, Malaysia, Philippines, Singapore, and Thailand. The overall average disclosure level for the five countries in the region improved to 69% from 63% in 2020.