Page 24 - SET SD 2563 - EN

About This Report & Contents
About SET and Sustainable SET Development
The Audit Committee, Nomination and Renumeration Committee, Corporate Governance and Sustainability Committee, Risk Management Committee and Information Technology Committee uphold the duty to evaluate their own performance and report to the Board of Governors for their acknowledgment annually. In 2020, all the aforementioned committees completed their self-assessments and presented the results at the Board meeting.
Performance Assessment of the President
The Board of Governors has assigned the Nomination and Renumeration Committee the task of determining compensation criteria for the President. Such compensation is linked to their performance evaluations, which considers the organization’s operating results, performance of duties according to policies issued by the Board, as well as external factors such as overall social and economic conditions.
Succession Plans
The Nomination and Remuneration Committee assumes the role of selecting and providing their input regarding the preparation of successors for senior executive positions, based on succession plans. Successors are selected based on their knowledge, experiences, abilities, attitudes, and ethics. The Committee reviews and reports on the implementation of succession plans to the Board on a regular basis.
Governor Development 102-27
The Board regularly receives knowledge development training, which is determined based on assessments of their skills, knowledge, and abilities. In 2020, Governors received training on the role of the Board within the organization and the capital market through courses such as the IT Governance and Cyber Resilience Program (ITG), Corporate Governance for Capital Market Intermediaries Course, Ethical
Sustainability Performance
Sustainability Management Market Growth
Leadership Course, and Monitoring the System of Internal Control and Risk Management Course. Furthermore, SET has developed a Governors’ Handbook and organized orientation programs to introduce new Governors to SET Group’s business operations, a proven beneficial refresher for learning outcomes and for the implementation of their respective duties.
SET Group's Corporate Governance Policy and Code of Conduct
The Board of Governors has designated that the Corporate Governance and Sustainability Committee screens and monitors compliance to the SET Group's Corporate Governance Policy and Code of Conduct prior to submitting their findings to the Board for consideration. In 2020, SET worked to promote a corporate governance culture amongst Governors, executives, and employees through multiple methods, with key achievements as follows:
Organized orientation for new Governors and employees on SET Group’s Corporate Governance Policy and Code of Conduct, highlighting key matters in the Code and important rules and guidelines that should be adhered to, such as rules on the acquisition or disposal of securities, anti-corruption, and conflict of interest prevention and management.
Disseminated electronic articles to enhance employees’ understanding on essential matters concerning SET Group’s Corporate Governance Policy and Code of Conduct as well as other relevant rules, guidelines and regulations.
Developed a CG Education course on the e-Learning module to promote knowledge and understanding amongst executives and employees regarding compliance to the SET Group's Corporate Governance Policy and Code of Conduct.
Revised guidelines in the Code of Conduct to enhance efficiency.
Messages from
the Chairman & President
100
of Governors, management and employees received training on the SET Group,s Corporate Governance Policy and Code of Conduct
%
24
Sustainability Report 2020