Annual Report 2017

84 Annual Report 2017 Enterprise risk management 1. Overview of risk management The Stock Exchange of Thailand (SET) recognizes the importance of enterprise-wide risk management that support the organization to achieve business objectives, strengthen business, value-added and sustainability of all stakeholders including investors, regulatory organizations, member companies, employees and related parties. SET manages risks in line with the corporate policy and international standards covering the operations in the SET group. The governance structure of SET’s risk management is illustrated below: Governance structure of SET’s risk management The Board of Governors (BoG) has established appropriate enterprise risk management policy and risk management framework and monitors the effectiveness of risk management regularly. In addition, SET’s BoG has formulated the policy framework of information technology (IT) services and IT security in line with the standards and the industry, as well as monitoring, reviewing and improving the process to make it consistent with and appropriate to the IT risks. The Risk management committee (RMC) reviews and provides recommendations to the SET BoG and management to ensure that risk management policy and framework are suitable and all units can manage operations effectively covering all related risks. RMC also provides consultations and suggestions to the risk management department for all types of risk-related matters. All risk owners in divisions, groups and departments have responsibilities to manage their related risks continuously while the risk management department provides opinions and recommendations to ensure that key risks are monitored and managed at an acceptable level and risk management procedures are performed according to the policy set by the BoG. Board of Governors Risk Management Committee Risk Management Department President Division/ Group / Department