Annual Report 2017

71 Name Position 1. Jotika Savanananda Chairman 2. Chaipatr Srivisarvacha Member 3. Subhak Siwaraksa Member 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 Responsibilities of the Audit Committee are stipulated in the Audit Committee charter: 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