Bangkok:The government is intensifying its oversight of foundations to boost transparency, mandating the submission of annual performance reports according to legal requirements.
According to Thai News Agency, the initiative aims to enhance transparency and curb any misuse of power within foundations, particularly those soliciting donations. Foundations are now obligated to file annual performance reports via the online i-Service system, promoting greater transparency and accountability.
Ms. Ploytalay Laksmisangchan, Deputy Spokesperson for the Prime Minister's Office, highlighted the government's commitment to ensuring that foundations operate legally and transparently. This effort is critical for safeguarding public interests, maintaining trust among the public and donors, and preventing illicit exploitation of foundation resources. The Department of Provincial Administration, part of the Ministry of Interior, has issued guidelines requiring foundations to report their annual operational outcomes, either in person or through the i-Service system.
The guidelines specify multiple channels for submitting these reports, emphasizing that failure to comply could result in legal consequences. Furthermore, any fundraising activities must be authorized under the Fundraising Control Act of 1944, and foundations are cautioned against engaging in criminal activities or violating laws related to partnerships and foundations established in 1956.