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Operational Risk
SET has established a Business Continuity Plan (BCP),
which includes annual reviews and practice drills with
other agencies in the capital market to cope with any
crisis. SET recognizes that both staff and systems in the
main building and backup centers must always be ready to
cope with changing situations. Thus, SET conducts functional
tests on backup systems together with member companies
to manage any disaster that may cause business disruption,
to ensure continuity in securities trading.
IT system risk
IT systems are a key part of the business, and
damage, if incurred, can cause widespread effects on
the capital market and its stakeholders. Therefore, SET has
evaluated, monitored and managed risks that may incur
to computer systems in accordance with IT security
standards. The IT risk management process, including a
Disaster Recovery Plan (DRP), is carried out annually to
ensure continuous system operations. The IT Audit Unit
is responsible for ensuring that the systems meet the
global standards, and confidentiality, reliability, and read-
iness requirements.
Anti-corruption
Fraud and corruption are key risks facing the
organization. Every year, each department must identify
such risks and the measures required to manage them. The
Risk Management Department and Compliance Unit are
responsible for monitoring and reporting risk statuses
to management, the Risk Management Committee, the
Audit Committee and the BoG regularly, to ensure that
SET can manage risks in a timely and efficient manner.
In 2015, SET organized an internal training session on
“Fraud Risk Management” to promote understanding on
fraud risk, in line with SET anti-corruption measures.
Succession planning
SET realizes the importance of succession planning
to ensure the work progress and continuation of the SET
president’s position and other top executives. The process
to select a successor is clear and transparent, considering
the background, competency, ethics, leadership skills
and vision of the candidates. Results of the succession
planning process have been reported to the BoG regularly.
The Leadership Development Program has been set up
as part of the succession plan, to screen, select, develop
and retain executives with potential ready to manage the
organization with competitive capabilities.
Qualitatively, SET will continue enhancing the growth
of listed companies in both financial and non-financial
aspects, such as fund-raising through financing instruments,
and promoting corporate governance and corporate
sustainability. In 2015, SET made major changes to SET
websites by fully integrating products and services of the
SET, consisting of Market for Alternative Investment (mai),
Thailand Securities Depository (TSD), Thai Clearing
House (TCH), and Thailand Securities Institute (TSI), to
provide convenient one-stop service for all investors.
SET also introduced a new project, entitled “Investor
Classroom”, full of content on financial and investment
planning, featuring online resources for investors and
potential investors, with over 3,000 video clips of online
seminars and e-learning lessons.