Anunual Report 2015

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Risk assessment of the Anti-corruption
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 Managment
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.
Monitoring of the Anti-corruption policy’s implementation
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.
Compliance with rules and regulations
The SET BoG realizes the importance of strict compliance
with the Securities and Exchange Act and other laws related
to business conduct. The BoG also recognizes the rights of all
stakeholders, respecting human rights and fair labor treatment.
Whistle-blowing policy
SET provides channels for all stakeholders to report or
notify directly to the chairman of the Audit Committee
about wrongdoings, violations of rights, violations of Code of
Conduct, incorrect financial reports or internal control systems
of the SET group. Investigations will be conducted and the
findings will be reported to the SET BoG for decision of next
steps. SET’s whistleblowing policy is clearly stated in the SET
group’s corporate governance policy and available via the SET’s
website in the “Whistleblowing policy” section. Whistleblowers
can contact SET via:
1. e-mail:
2. Postal mail:
Chairman of the Audit Committee
Internal Audit Department
The Stock Exchange of Thailand
93 Ratchadaphisek Road, Dindaeng
Bangkok 10400
SET has an effective process to ensure that whistleblowers
will be protected in good faith. The whistleblower can choose to
declare or not declare his / her name or contact details, and the
filing will be kept confidential. The whistleblower can request
special protection and he / she will receive fair treatment.
In 2015, no such reports were submitted via SET channels.
4. Disclosure and transparency
The BoG emphasizes the quality of information disclosed
to ensure that important information for business operations
and securities trading is distributed sufficiently, accurately,
timely and transparently. The SET website is a major source
of important information, both financial and non-financial,
in both Thai and English. Samples are as follows:
SET publishes information on its overall operations
covering the structure of the SET group operations, names
and profiles of SET governors and executives, rules and
regulations for listed companies and member companies,
market data, as well as companies and securities
information. In addition, SET also publishes information on
its corporate governance and corporate social responsibility.
SET’s annual report, including audited financial statements
and Management Discussion and Analysis, from 2001
to the latest issue can be downloaded, with each report
being published no later than 60 days after year-end,
same as listed companies. The 2015 SET financial report
was published on February 17 2015, or 48 days following