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Currently, the SET BoG is comprised of 11 members
with various experience, expertise and skills that are
useful to SET.
The service term of every governor, other than the
SET president, is two years. Each governor may be
re-appointed for a maximum of two consecutive terms.
The SET president’s term is four years and he/she can
be re-appointed.
In addition, the BoG has appointed Supakit Jirapraditkul
as BoG Secretary. The Corporate Secretary Department
supports the board by providing legal advice, keeping
informed of key regulations, good corporate governance
practices, as well as organizing meetings, taking care of
board activities and monitoring matters in compliance
with the resolutions.
5.1 Roles and responsibilities
of the Board
The BoG endorses the development of SET’s vision,
mission, goals and business direction. The BoG
approves the strategic plan, corporate key performance
indicators (Corporate KPI) 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. The
management reports progress on operations and
business outcomes to the BoG every quarter.
In addition, the BoG is responsible for reviewing
SET’s vision and mission every five years, as suitable
or in timely fashion to keep SET’s development plan
up-to-date. The last review was in 2012.
(1) Vision and mission
(2) Assignments and separation
of the Board and management
• Separation of the BoG and the president
SET has clearly separated the BoG’s role in monitoring
policy, action and decision of corporate governance
from those day-to-day operations of the management.
The chairman is an independent non-executive director, not
the same person as the president and has no relationship
with management. The roles of chairman and the
president are separated. As a leader, the chairman plays
a key role in policy decision-making, with supports and
suggestions to the management, not intervening in any
routine activity under the president’s responsibilities.
11
10
9
8
7
6
5
4
3
2
1
0
Number of governors
Directorship held
in listed companies
(number of firms)
Tenure as
SET governor
(number of years)
Meeting attendance
rate (%)
Independence
of internal management
Gender
Male
Female
CEO
91-100
80-90
Less
than 1
None
1-2
1
Non-
executive
directors