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Annual Report 2014
84
Creating awareness and communicating
the intention in the Anti-misconduct
and Anti-corruption policies
In 2014, the SET group communicated the intention
of the Anti-misconduct and Anti-corruption policies
to stakeholders both internally and externally through
a variety of activities as follows:
• Business partners or potential business partners:
Arranged the first meeting with business partners
to help them understand SET’s anti-misconduct
and anti-corruption policies by clearly identifying the
wordings of the anti-corruption policy in procurement
process such as purchasing order forms, bidding
announcements, terms of reference announcements,
and signature mail in the procurement unit’s functions.
• Listed companies, member companies and other
involved agencies: Communicated to create
understanding and requested cooperation in
refraining from giving gifts to SET staff in order to
create standard for best practices.
• Regulatory Agencies: Held meetings and discussions
with representatives from the SEC to exchange
ideas on building guidelines for CG awareness for
employees in the organization in order to implement
important policies such as anti-misconduct and
anti-corruption policies, and guidelines on giving
or receiving gifts.
• SET management and staff: Continuously build
knowledge and understanding on the purpose and
guidelines of not receiving gifts, and on the policies
of anti-misconduct and anti-corruption through
various channels, such as newsletters, web-based
activities, information meetings and others.
Participating in Anti-corruption activities
SET, as one of the organizations committed to fighting
corruption in Thailand, encourages the governors,
executives and employees to participate in activities
organized by SET or other organizations to support
anti-corruption efforts, for example:
• The SET Chairman serves on the committee of the
Anti-Corruption Organization of Thailand, representing
SET in meetings and exchanging ideas which are
beneficial to the development of anti-corruption
guidelines for Thailand.
• Participated in the “Anti-Corruption Day 2014”
annual event, under the theme “Hand in Hand…..
Reforming Fighting for Sustainable Victory,” held
on September 6, 2014
• Attended the 2014 annual conference of the Institute
of Internal Auditors of Thailand (IIA) under the
topic “ New Era of Anti-Corruption with Corporate
Governance” on September 15, 2014
• Joined the IIA clinic’s forum on “Money laundering:
case study and related laws & regulations” on
December 20, 2014.
Risk assessment and monitoring of
the Anti-corruption policy’s implementation
Fraud and corruption are considered key risks
facing the organization. Every year, each department
must evaluate and identify the measures required to
manage such risks. Each department has to continuously
monitor and report risk status to ensure that SET can
handle risks in a timely manner and manage risks
efficiently, keeping them at an acceptable level. The
Risk Management Department regularly tracks and
reports risk status to senior management, the Risk
Management Committee and the SET Board of Governors,
keeping them constantly informed. The Internal
Audit Department verifies the effectiveness of internal
control measures related to the prevention of fraud
and corruption.
The Compliance unit is directly responsible for
consulting with and providing suggestions to staff, as
well as ensuring that SET operations comply with SET
anti-corruption policy and guidelines. In addition, this
unit manages whistle-blowing from staff who has found
actions likely to lead to corruption, coordinating with
the internal audit unit for investigation, for transparency
and fair treatment with all parties and then report to
the SET president and the Audit Committee.