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Annual Report 2014
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The Stock Exchange of Thailand (SET) closely adheres to international principles of good
corporate governance (CG) and conducts business with integrity, transparency and fairness
to all stakeholders. SET applies the principles of good corporate governance as outlined by
the Organisation for Economic Co-operation and Development (OECD), to serve as guidelines
for SET listed companies. This report has five categories: 1. Rights of members 2. Equitable
treatment of members 3. Roles and treatment of stakeholders 4. Disclosure and transparency
and 5. Responsibilities of the Board of Governors. A summary of key activities in 2014 is as
follows.
Corporate Governance
Report
1.Rights of members
SET is a juristic entity constituted under the
Securities and Exchange Act of Thailand, and therefore
does not have a corporate structure or shareholders.
Nevertheless, the Act requires the Exchange to convene
an annual meeting of members within four months
before its fiscal year ends, to elect board members,
approve financial statements, appoint an auditor and
approve remuneration of the Board of Governors (BoG)
members. In addition, the BoG must call an extraordinary
meeting when members representing no less than
one-fifth of all members submit a written request to
the board to hold such meeting.
Apart from the above mentioned rights of the
members, the BoG recognizes the importance of good
CG and members’ rights in fair and equitable practices.
Summary of current best practices on rights of the
members is as follows:
1. Before the annual meeting of members, in
order to encourage all members to place
importance on meeting attendance, SET sends
the meeting notice, including the date, time,
venue of the meeting and the meeting agenda,
to every member.
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2
3
4
5
Rights of
members
Roles and
treatment of
stakeholders
Equitable
treatment
of members
Disclosure and
transparency
Responsibilities
of the Board
of Governors