Annual Report 2017

65 7. Board assessment The SET’s Board of Governors (BoG) approved the performance evaluation to assess the Board of Governors at least once a year to review the performance, including problems and difficulties to enhance working efficiency, and in accordance with the principles of good corporate governance. In 2017, the SET Board of Governors considered five types of evaluation: (1) Performance evaluation of the board as a whole (2) Individual self-evaluation (Self-assessment) (3) Individual assessment by other board members (Cross-assesment) (4) Evaluation of the Chairman’s performance and (5) Assessment of the skills, knowledge and abilities of the board members. This task was assigned to the Corporate Governance and Social Responsibility Committee to advise the SET Board of Governors on the performance evaluation process, including presenting a summary of the assessment with recommendations to the Board of Governors for further improvement and development. For the evaluation of the Chairman’s performance, the Chairman of the Corporate Governance and Social Responsibility Committee reported the result directly to the chairman. The assessment of the skills, knowledge and abilities of the board members will be separated from the BoG’s performance evaluation and these scores will not be calculated. The results of the Board assessment in 2017 showed the total score out of 5 in such areas as follows: • Assessment of the Board as a whole: The assessment covers performance and responsibility, Board meetings,corporategovernanceandsocialresponsibility, human resource management and succession planning for executives. The result of the assessment of the Board as a whole reported an average score of 4.72 or 94.40%. • Assessment of Individual Directors: Two types of performance evaluation have been used: Individual self-evaluation (Self-assessment) and Individual assessment by other board members (Cross- assessment), consisting of four areas: 1) Duties and responsibilities of the Board 2) Board meetings 3) Independence and 4) Self-development of governor The result of the assessment of Individual self-evaluation (Self-assessment) reported an average score of 4.78 or 95.60%. The result of assessment of Individual assessment by other board members (Cross-assesment) was an average score of 4.74 or 94.80%. 8. Performance evaluation of committees Every committee involved in corporate governance has the duty to assess its own performance and report to the Board of Governors annually. In 2017, the Audit Committee, the Nomination and Remuneration Committee, the Corporate Governance and Social Responsibility Committee and the Risk Management Committee each evaluated their performance and submitted the report to the SET Board of Governors. 9. Board remuneration Subject to the provisions of the Securities and Exchange Act, the BoG Chairman and other BoG members will receive remuneration as determined by a meeting of member companies. The Nomination and Remuneration Committee examined the compensation policy and criteria for the BoG prior to proposing to the member companies’ meeting for approval, in accordance with the provisions of the Securities and Exchange Act. The details are as follows: