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5.8 Enhancement plan
for the Board of Governors
SET gives utmost importance to the continuous and
consistent enhancement plan for the governors. The
SET governors participate in educational courses and
observe business activities of various stock exchanges
both in Thailand and abroad in order to enhance their
knowledge and broaden their perspectives. For a new
governor, SET will provide an orientation of SET
operations, strategic plan, business plan and the overall
operations of the subsidiaries. New governors will also
receive a Board of Governors manual which contains
key facts and figures, rules and regulations and other
useful information.
In 2014, members of the Board of Governors
continued to attend training and seminars to enhance
their understanding of the roles, duties and responsibilities
to further benefit the organization. Governors attended
courses offered by the Thai Institute of Directors
(IOD) including Director Certification Program Update
(DCPU) and Advance Audit Committee Program (AACP)
(details in table below). Board members also attended
seminars on various topics, for example, seminars by
the CG Forum covering the topics: “Effectiveness in
the Boardroom: Route to Success & Best Practices”,
“Corporate Governance in the Perspective of Investors”
and “Challenging as Expectations for Board Engagement
on Strategic Risk Management Oversight.” They also
attended the SD forum on “Unlocking Corporate Value
through Sustainability Reporting” having the chairman,
vice chairman and president as guest speakers. In
addition, Mrs. Jotika Savananon, as the Chairman of
Audit committee, also attended the IOD Committee
Forum 2014 under the topic “Internal Audit Topics for
Audit Committee Consideration” to exchange ideas and
experiences, and to team up with members of other
audit committees to jointly determine best practices.
The governor took an educational trip abroad to
Poland and Hungary during September 26 - October 3,
2014. During this “Financial Trip 2014,” the governors
visited and surveyed the Budapest Stock Exchange,
the Polish Financial Supervision Authority, Wood and
Company (TBC), the Warsaw Stock Exchange (WSE),
the Polish Power Exchange (PolPX), the Association of
Polish Listed Companies (SEG) and IPOPEMA Securities.
The purpose of “Financial Trip 2014” was to gain
knowledge by attending briefings and discussions on
topics of importance while networking with personnel
in these foreign capital markets and related agencies.
Governors participating in Financial Trip 2014
included the chairman, vice chairman, the president
and six governors namely Kitipong Urapeepatanapong,
Charnchai Kongthongluck, Jotika Savananada, Pichet
Sithi-Amnuai, Somchai Thaisa-Nguanvorakul and
Suthep Peetakanont.
Additionally, governors serving on the Audit Committee
namely Jotika Savananada, Subhak Siwaraksa and
Charnchai Kongthongluck, along with the Risk
Management Committe members and one external
expert, visited the Korea Exchange (KRX) in South
Korea during December 2 - 3, 2014. They have learned
how KRX handles corporate governance, risk management,
internal audit and regulatory compliance. This trip
also enhanced their expertise and strengthened their
relationships with other participants in the capital
market.