Managing Conflict of Interest - Organisation for Economic Co ...
Managing Conflict of Interest - Organisation for Economic Co ...
Managing Conflict of Interest - Organisation for Economic Co ...
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116 <strong>Managing</strong> <strong><strong>Co</strong>nflict</strong> <strong>of</strong> <strong>Interest</strong>NB:– The reasons <strong>for</strong> promulgating this Act are as follows. Whereassection 209 <strong>of</strong> the <strong>Co</strong>nstitution <strong>of</strong> the Kingdom <strong>of</strong> Thailand statesthat a Minister shall not be a partner or shareholder <strong>of</strong> a partnershipor a company or retain his or her being a partner or shareholder<strong>of</strong> a partnership or a company up to the limit as provided by law;in the case where any Minister intends to continue to receivebenefits in such cases, such Minister shall in<strong>for</strong>m the President <strong>of</strong>the National <strong>Co</strong>unter <strong>Co</strong>rruption <strong>Co</strong>mmission within thirty days asfrom the date <strong>of</strong> the appointment and shall transfer his or her sharesin the partnership or company to a juristic person which managesassets <strong>for</strong> the benefits <strong>of</strong> other persons as provided by law; in thisconnection, such Minister is prohibited from committing any actwhich has the characteristics <strong>of</strong> exercising any administration ormanagement relating to the shares or business <strong>of</strong> such partnershipor company. It is there<strong>for</strong>e necessary to enact this Act.ADB/OECD Anti-<strong>Co</strong>rruption Initiative <strong>for</strong> Asia and the Pacific
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