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70 Annual Report 2012
SET senior executives serving as directors or on committees of other companies as of December 31, 2012 were as follows:
SET senior executives Positions served in other companies
1. Nongram Wongwanich Executive Vice President Director, Thailand Securities Finance Corporation
2. Sornkawee Puranachoti Senior Vice President Director, Government Savings Bank
• Letter of Independence To guarantee impartiality in the performance of their duties, the BoG requires all governors,
committee members and advisors of the Exchange and its subsidiaries to execute a Letter of Independence each time they are
appointed to a committee or given a special task, and at the end of every calendar year. Where they have any direct or indirect
interest in the consideration of a matter, they are required to notify the parties concerned in advance of each potential conflict of
interest, and to abstain from participating or voting in the particular matter under consideration.
In 2012, BoG meeting dated July 18, 2012 approved the revision of the SET Corporate Governance policy, SET Code
of Conduct and practices on the acquisition and disposition of SET-listed securities by SET governors and employees to be more
explicit and in conformity with international standards of good CG as follows:
Highlights of revised SET CG policies
SET CG policy and Code of
Conduct
To the extent that policies are in conformity to guidelines, mainly review and revise the
treatment of stakeholders and responsibilities of the Board, e.g.
Treatment of stakeholders Responsibilities of the Board
• Anti-corruption policy
• Human rights policy
• Intellectual property policy
• Conducting business under environmental
standards policy
• Practices on acquisition and disposition
of SET-listed securities*
• Policies and guidelines on treatment of
competitors
• Policies and guidelines on treatment of
creditors
• Policies and guidelines on treatment of
counterparties*
• Gift policy*
• Policy of Board members serving other
companies
• Policy of the president or other senior
executives serving in other companies*
• Reporting of conflict of interests of Board
members
* Revised policy to be consistent with CG best practices.
Practices on acquisition and
disposition of SET-listed
securities by SET governors and
employees
Revision of the definition of “listed securities” and adding the “Prohibition for employees who
work closely to insider information”, in order to be more explicit and effective. For details,
please see SET’s websites under the topic of “SET CG Principles”.