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5.4 Board assessment
The BoG assesses its own performance at least once
a year, to review the performance, including problems
and difficulties to enhance working efficiency,
supporting CG practices.
• Models for the performance evaluation
of the Board of Governors
• Process for Evaluating
the Board of Governors
In 2014, the SET Board of Governors considered five
types of evaluation: 1) Performance evaluation of
the board as a whole 2) Individual self-evaluation
3) Individual assessment by other board members
4) Evaluation of the chairman’s performance and
5) Assessment of the skills, knowledge and abilities of
the board members. The details are as follows:
The SET’s Board of Governors approved the
performance evaluation form to be used to assess the
Board of Governors by determining the scope of
assigned duties and responsibilities of the governors
in accordance with the principles of good corporate
governance. This task was assigned to the Corporate
Governance and Social Responsibility Committee to
advise the SET Board of Governors on the performance
evaluation process. This process includes presenting
a summary of the assessment with recommendations
to the Board of Governors. This is in line with the role
of the Corporate Governance and Social Responsibility
Committee as defined in its charter.
In 2014, SET consulted with qualified experts with
expertise and experience in CG in order to get their
inputs on the performance evaluations for the Board of
Governors. These included the evaluation models for
the entire Board of Governors, self-evaluation by individual
governors, and evaluation of individual governors by the
other governors. The CG experts concluded that the
performance evaluation process of and the evaluation
models for the Board of Governors were complete and
suitable. In addition, they made recommendations
on certain improvements and additional questions
to cover more of the roles and responsibilities of the
board. There should be additional assessments of the
governors’ skills, knowledge and abilities in order to
rate governors on a variety of skills, experience and
talents which could be used for assigning other duties
to the board members, if any, in the future.
As a result, the SET Board of Governors, as already
discussed with Corporate Governance and Social
Responsibility Committee, approved that the performance
evaluation form be revised to include the skills, knowledge
and abilities of the governors.