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Employee Development Social Development
Appendix
Environmental Management Performance Summary
during meetings with member companies, in accordance with the Securities and Exchange Act. 102-37
• The Board of Governors has appointed the Nomination and Renumeration Committee the responsibility of determining the remuneration criteria for the President and presents this information to the Board of Governors. The President’s remuneration takes into account performance results, inclusive of operating results, implementation ofpoliciesreceivedfromtheBoardofGovernors, in conjunction with external factors such as social and economic conditions.
• Committee members (not including the
President) receive monthly renumeration
and/or meeting allowances. Further
remuneration details for Governors,
committee members and senior executives
are available in the SET Annual Report 2020.
102-27
Board and Committee Performance Assessment
The Board of Governors has assigned the Corporate Governance and Sustainability Committee the task of determining and providing recommendations on the performance of the Board of Governors as a whole and on an individual level. The Committee is also responsible for preparing an assessment results summary and additional comments to propose to the Board of Governors meeting for their consideration on further operational improvements and developments. The Chair of the Corporate Governance and Sustainability Committee reports on the Chairman’s performance assessment directly to the Chairman.
(2) Individual assessments (self-assessment) (3) Individual assessments (cross-evaluation) (4) Assessment of Chairman’s performance (5) Assessment of Governors’ skills, knowledge
and abilities
GRI Standards Content Index
Nomination and Renumeration Committee, Risk Management Committee, Corporate Governance and Sustainability Committee, and Information Technology Committee.
The Corporate Governance Committee meetings rotate around the objectives of providing opinions and suggestions, as well as to scrutinize related policies and plans before presenting them to the SET Board of Governors. Identical rules and guidelines from the SET Board of Governors’ meetings apply.
In 2020, the Corporate Governance Committee held meetings to monitor and supervise SET’s operations to ensure that it could continue to operate amidst emergency situations and the unprecedented COVID-19 outbreak. In particular, the Risk Management Committee and Information Technology Committee held 14 and 11 meetings, respectively, which was an increase from 2019, when both Committees each held 7 meetings. The observed increase in Committee meetings reflected their important respective roles in monitoring the Business Continuity Plan.
In addition, SET chartered legal or relevant regulatory committees, namely the Legal Committee, Disciplinary Committee, Appeals Committee, and Securities Investor Protection Fund Committee, to supervise SET’s compliance with rules and regulations.
Renumeration Review for the President, Committee Members and Senior Executives • The Nomination and Renumeration
Committee determines the criteria for the Governors’ remuneration and benefits according to their respective roles, duties and responsibilities before presenting their decision to the Board of Governors for their approval
To ensure SET business preparedness and resilience, in 2020 the Board of Governors launched the
Board Performance Assessment Model
(1) Board performance assessment
BCP
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