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Monitoring and overseeing risk:
The committee monitored
the status of key risks to ensure continuous and efficient
risk monitoring and overseeing. The committee also
reported its activities to BoG quarterly.
Riskmanagement and internal audit:
In2015, the committee
attended 2 meetings with the audit committee (AC)
to ensure that the risk management and internal audit
operations were moving forward in the same direction
for best benefits to the organization. These included
communications, sharing opinions and coordination
between risk management and internal audit functions.
Personnel development:
The committee has continuously
encouraged the risk management team to enhance
knowledge and skills. In 2015, the committee supported
the business trip to other exchanges to share and gain
insights into risk management, internal audit and good
corporate governance practices.
Performance self-assessment:
The committee assessed
itself and reported the results to the BoG on an annual
basis. The 2015 results indicated that the committee’s
performance completely fulfilled according to its charter
which was approved by the BoG and reviewed annually.
In summary, the committee viewed that SET has developed
and enhanced enterprise risk management covering all
key aspects, in line with changing circumstances. All Risk
Management Committee (RMC) meetings and meetings between
RMC and AC have strengthened risk management operations to
be efficient, appropriate and at acceptable level.
(Suthep Peetakanont)
Chairperson
Risk Management Committee
February 9, 2016