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2. SET members can add items to the meeting
agenda ahead of the meeting through electronic
or postal mail.
3. The meeting is normally held at the SET
building and starts at 4:00 p.m. making it
convenient for all members to attend. Three-
fourths of all members constitute a quorum.
4. At all meetings, the BoG chairman presides.
The BoG Chairman offers all members an equal
opportunity to give suggestions and ask questions,
including voicing their views, etc.
5. Any member may nominate persons to become
a SET governor, based on his/her background,
competency, ethics and integrity.
6. Comprehensive meeting minutes are recorded,
covering significant details such as the names
of governors, executives and members who
attended the meeting, meeting resolutions,
questions, explanations and opinions (both
pros and cons) of the meeting.
7. The minutes of the SET members meeting will
be sent to all members within 14 days of the
meeting.
2.Equitable treatment
of members
SET has policies for fair and equitable treatment
of members, as well as equitable hearing of opinions
from all members. SET endeavors to provide necessary
information to all members, such as SET’s financial
products and services, SET updated news and regular
updates on the capital market, building clear
understanding in compliance with the SET regulations. The
procedure is as follows:
1. Each member is entitled to one vote. Approval
of a resolution requires a majority of votes.
Any member may nominate persons to become
a SET governor, then vote via secret ballot
on the nominations. The Audit Committee
chairman verifies the vote counting.
2. Any member who is unable to attend a meeting
is entitled to appoint a proxy, using the proxy
form enclosed with the meeting notice.
3. SET has a specific unit function directly responsible
for managing suggestions and views from members.
SET seeks to consistently improve its operations
for the benefits of SET and members.
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.
Summary of SET activities in 2014
for all members
• Members’ ordinary and
extraordinary meetings
In 2014, the BoG called an ordinary meeting on
April 22, chaired by the BoG Chairman and nine
governors (out of total of 11) in attendance. There
were three extraordinary meetings in 2014, with an
average attendance of 87% of members. Among the
matters considered were election of governors,
appointment of the auditor, consideration of significant
practices relevant to members, and the arrangement
of hearings on matters related to all members, which
were amendment of regulation on SET’s membership
rights transfer, amendment of market surveillance
measurement, commencement of trading measures
for unsponsored depositary receipt (DR).