Popular Post webfact Posted May 28, 2020 Popular Post Share Posted May 28, 2020 Pailin quits as Thai Airways director over eligibility issue By The Nation Director of Thai Airways International Plc Pailin Chuchottaworn resigned from the airline's board a day after his appointment due to legal issues about his eligibility. Pailin, a former deputy minister of transport, has been out of the ministerial position for less than two years, which makes him ineligible under the law. On Wednesday (May 27), Thai Airways informed the Stock Exchange of Thailand that Pailin had resigned as a director of the company, effective from May 26, a day after being appointed and being named in the Thai Airways Rehabilitation Plan. Prapas Kong-Ied, director-general of the State Enterprise Policy Office, said the resignation of Pailin was in keeping with the law as he had been out of a ministerial position for less than two years. The law says an individual cannot serve as the director of a private company for two years after holding a ministerial position. He said there was no urgent need to appoint a new director in place of Pailin as the regulations of the Securities and Exchange Commission specify a company must have at least five board members while Thai Airways has more than the minimum required. Source: https://www.nationthailand.com/news/30388645 -- © Copyright The Nation Thailand 2020-05-28 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 3 Link to comment Share on other sites More sharing options...
Popular Post BritManToo Posted May 28, 2020 Popular Post Share Posted May 28, 2020 (edited) 9 minutes ago, webfact said: Pailin Chuchottaworn resigned from the airline's board a day after his appointment due to legal issues about his eligibility. .........The regulations of the Securities and Exchange Commission specify a company must have at least five board members while Thai Airways has more than the minimum required. Translated to ........... 1) nobody told him how bad the theft/corruption/nepotism/losses really were. 2) In this case, 315 more board members than the minimum required. Edited May 28, 2020 by BritManToo 5 Link to comment Share on other sites More sharing options...
Popular Post rkidlad Posted May 28, 2020 Popular Post Share Posted May 28, 2020 (edited) 4 minutes ago, webfact said: Pailin quits as Thai Airways director over eligibility issue Maybe you should try due diligence in future. The fact these things aren't being checked just confirms what most people think about the whole ineptitude of this regime. Edited May 28, 2020 by rkidlad 7 Link to comment Share on other sites More sharing options...
Popular Post Misterwhisper Posted May 28, 2020 Popular Post Share Posted May 28, 2020 41 minutes ago, webfact said: Pailin, a former deputy minister of transport, has been out of the ministerial position for less than two years, which makes him ineligible under the law. And the question arises: Why does the government NOT know about its own laws or - perhaps more to the point - disregard them? After all, Pailin had been appointed by a government committee, was he not? But kudos to Pailin for actually having done the right and decent thing, not an aspect local politicians and other assorted bigwigs are necessarily renowned for. Yet there are more questions, of course: 45 minutes ago, webfact said: the regulations of the Securities and Exchange Commission specify a company must have at least five board members while Thai Airways has more than the minimum required. So... why is that exactly? Why are there more board members than actually needed (and I reckon its a LOT more)? I mean, each one of them costs Thai Airways a tidy wad of money... And why did Pailin have to be appointed in the first place, although the board already had more than enough members? 4 Link to comment Share on other sites More sharing options...
Chang_paarp Posted May 28, 2020 Share Posted May 28, 2020 Duck and cover! Abandon ship! Plausible deniability. Dodged a bullet. These phrases jumped to mind as I read this. As deputy minister for trnsport he would have had a better than average idea of the true state of Thai. It seems the "golden handshake" tarnished a little in the light of day. 1 Link to comment Share on other sites More sharing options...
CNXexpat Posted May 28, 2020 Share Posted May 28, 2020 Perhaps he thought that he can manage that officials and VIPs have to pay the full price like normal people, but he thought wrong. Then he gave up. Link to comment Share on other sites More sharing options...
klauskunkel Posted May 28, 2020 Share Posted May 28, 2020 1 hour ago, webfact said: must have at least five board members while Thai Airways has more than the minimum required yea, and that's the problem, right there 1 Link to comment Share on other sites More sharing options...
sammieuk1 Posted May 28, 2020 Share Posted May 28, 2020 A golden hello and goodbye in 24 hours no wonder there are no refunds coming ???? Link to comment Share on other sites More sharing options...
rkidlad Posted May 28, 2020 Share Posted May 28, 2020 Just saw something in Thai news where Thai Airways said they don't have the money to offer refunds. They're not sure when they will. Hope this isn't part of their cutting-costs plan because it's a bad one. Link to comment Share on other sites More sharing options...
Bender Rodriguez Posted May 28, 2020 Share Posted May 28, 2020 pretty sure he will be paid his weight in gold for the inconvenience 1 Link to comment Share on other sites More sharing options...
Popular Post Sydebolle Posted May 28, 2020 Popular Post Share Posted May 28, 2020 Does he qualify for a lifelong pension now with freebies all the way? 2 1 Link to comment Share on other sites More sharing options...
Misterwhisper Posted May 28, 2020 Share Posted May 28, 2020 1 hour ago, Sydebolle said: Does he qualify for a lifelong pension now with freebies all the way? And did he receive a thick and juicy severance pay package? 2 Link to comment Share on other sites More sharing options...
hotchilli Posted May 28, 2020 Share Posted May 28, 2020 16 hours ago, webfact said: Prapas Kong-Ied, director-general of the State Enterprise Policy Office, said the resignation of Pailin was in keeping with the law as he had been out of a ministerial position for less than two years. The law says an individual cannot serve as the director of a private company for two years after holding a ministerial position. The usual musical chairs... Link to comment Share on other sites More sharing options...
LomSak27 Posted May 28, 2020 Share Posted May 28, 2020 (edited) 11 hours ago, Misterwhisper said: 12 hours ago, Sydebolle said: Does he qualify for a lifelong pension now with freebies all the way? And did he receive a thick and juicy severance pay package? He probably already got that. No I assume this more to do with rodents fleeing a sinking ship. No one really cares about rules anyway. When he saw the financials, the real financials. He found a legal loophole to GET OUT. No one wants to be on the Titanic, even if you get a first class cabin & deck chair, when it goes down. I bet he thinks himself one Lucky <deleted> That is a vote of confidence. Edited May 28, 2020 by LomSak27 Link to comment Share on other sites More sharing options...
BobbyL Posted May 29, 2020 Share Posted May 29, 2020 The news just gets stranger and stranger regarding this. As I said in a previous topic on this, I really hope one day we get a full exposé on THAI and how its been ran in the last decade. Link to comment Share on other sites More sharing options...
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