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2. Audit Committee
Support unit:
Internal Audit Department
Structure:
Members consist of three SET governors. One member must be from among the governors
appointed by the Securities and Exchange Commission, the second from among the governors who are
executives of member companies and also elected by SET members, while the third may be any of the
remaining governors who must be knowledgeable in accounting, finance or auditing.
Term:
Until the end of each given person’s tenure as governor
Name
Position
1. Jotika
Savanananda
2. Charnchai Kongthongluck
3. Subhak
Siwaraksa
Chairman
Member
Member
1. To review SET’s financial reports before forwarding them
to the BoG
2. To advise management on the appointment of SET’s auditor
and determine the auditor’s remuneration; coordinate with
the auditor on auditing objectives, coverage, guidelines,
planning and problems found during the audit, and any
issue the auditors deem significant
3. To coordinate with SET’s Internal Audit Department on
audit objectives, planning, reports and evaluations of
the efficiency of SET’s internal control system and of the
adequacy of resources used for internal control, including
any problem found during an audit
4. To consult and review results and recommendations of
the auditors and the Internal Audit and Risk Management
Department, and follow up any operational management
matters consequent to those recommendations
5. To monitor compliance with the laws, rules and regulations
issued by SET’s regulators
6. To monitor the management of SET’s principal risks
7. To report all operations of the Audit Committee to the BoG
at least four times a year
8. To be responsible for any duty related to the Audit Committee
as assigned by the BoG
Responsibilities of the Audit Committee are stipulated in the Audit Committee charter: