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In addition, Sakkarin Ruamrangsri, the senior vice president and head of the SET Legal Affairs Group, serves as BoG Secretary.
The Corporate Secretary Department serves the board by providing legal advice, organizing meetings, taking care of board activities
and monitoring compliance with its resolutions.
5.2 Roles and responsibilities of the Board
(1) Vision and mission
The BoG endorses the development of SET’s vision, mission, strategies, goals and policies. Moreover, the BoG approves
the strategic plan, budget and the key performance indicators (KPIs) for the coming year and monitors the supervision of operations
to ensure effective implementation of its plans within budget. The BoG evaluates and adjusts business plans in response to market
changes. Management reports progress on operations and business outcome to the BoG every quarter.
(2) Assignments and separation of the Board and management
• Committee assignments
In 2012, BoG assigned members to twelve committees to assist the BoG, scrutinize SET corporate governance and
carry out specialized tasks, e.g., the Audit, Nomination and Corporate Governance, Remuneration, and Risk Management Committees.
All SET committees act independently in carrying out their duties as assigned by the BoG (for a list of committees and their duties,
please see page 78)
• Separation of the BoG and the president
The SET has clearly segregated roles in policy formulation and oversight from those in day-to-day operations
management. The chairman is a non-executive director, is not the same person as the president and has no relationship with the
management. The roles of chairman and the president are separated to ensure a balance of power. The chairman manages the
business of the Board and monitors the translation of the Board’s decisions into executive action. In addition, he provides close
oversight, guidance, advice and leadership to the president and management but does not intervene with any routine activities
under the president’s responsibilities.
1
0
2
3
4
5
6
7
8
9
10
11
Gender Independence of
administrative staff
Meeting
attendance rate (%)
Tenure as
SET governor
(Number of years)
Directorships held
in listed companies
(Number of companies)
Female
Male
CEO
Non-
executive
directors
3-4
1-2
Less
than 1
91-100
80-90
2
3
1
None
Number of governors