Official insists THAI nominees are pros

As the major shareholder of Thai Airways International (THAI), the Finance Ministry has confirmed all the new nominees for the company's board of directors are professionals.

- WICHIT CHANTANUSORNSIRI

The chair of the Thai Airways' board wants to increase the number of board members.

According to finance permanent secretary Lavaron Sangsnit, 17 individuals have been nominated as potential new directors of THAI, not including nominees from shareholders who hold at least 5% of shares, who are entitled to propose candidates for consideration by the selection committee.

The committee is expected to select eight qualified candidates by Oct 19: four to replace directors whose terms have ended, and four new ones. These names are to be submitted for approval by THAI's board, which is scheduled to meet on Oct 23.

The board then proposes the list to the shareholders' meeting for final approval, slated for December.