On June 27th, 2014, the National Council for Peace and Order
(NCPO) issued Order No. 74/2557 on Teleconferences through
Electronic Means. This order allowed the attendance of board
and shareholder meetings via electronic means, although with
certain limitations.
Before this order, the default requirement under Thai law was
that all corporate meetings had to be attended physically at a
predetermined place, date, and time. However, some businesses still
considered NCPO Order No. 74/2557 to be quite impractical
because electronic attendants still had to be in Thailand, and at
least one-third of the quorum was required to attend the meeting
physically. However, in light of the COVID-19 pandemic, recent, and
unprecedented city lockdowns, international travel bans, and
discouragement of public gatherings have made physical board or
shareholder meetings very challenging, and many companies would be
forced to postpone their annual general meetings. For this reason,
the Royal
