Annual Report 2017

82 Annual Report 2017 on the Enterprise Risk Management (ERM) and Business Continuity Management (BCM) policy framework of SET’s subsidiaries to ensure that risk management and BCM of SET’s subsidiaries were in line with the SET group and international standard. • 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 the BoG on a quarterly basis. • Risk management and internal audit: The committee communicated and exchanged information and also coordinated with regard to risk management and internal audit. In 2017, the committee held 2 joint meetings with the Audit Committee (AC) and invited experts to present and share experiences on “Agile Technology Innovation – a new challenge for internal audit and riskmanagement”. In addition, themembers of the Risk Management Committee and the Audit Committee also visited Deutsche Borse Group in Germany to exchange views and experience as well as to enhance the corporate governance, risk management and internal audit knowledge. All these activities helped harmonize risk management and internal audit operations to move forward in the same direction which benefits to the organization as a whole. • Personnel development: The committee has continuously encouraged the risk management team on knowledge and skills enhancement. In 2017, the risk management team joined the business trip to Deutsche Borse Group in Germany and attended several training and seminars such as the academic conference named Professor Sangvian Indaravijaya – Thai Financial Market aspect, on the topic of “The New COSO 2017 ERM Framework” to learn the latest enterprise risk management framework with an aim to enhance risk management, etc. • Performance self-assessment: The committee assessed itself and presented the results to the BoG on an annual basis. The 2017 results indicatedthatthecommittee’staskhascompletely been fulfilled according to its Charter. In summary, the committee viewed that SET has developed and enhanced enterprise risk management to cover all key aspects continuously, in line with dynamic environment. All the regular RMC meetings as well as the meetings between RMC and AC have enhanced efficiency and appropriateness of SET’s risk management operations to minimize risks at acceptable level. (Pattera Dilokrungthirapop) Chairperson Risk Management Committee February 19, 2018