Page 4 - SET SD 2563 - EN

About This Report Messages from
& Contents the Chairman & President
About SET and Sustainable Sustainability Performance
SET Development Sustainability Management Market Growth
Message from the Chairman
Dr. Chaiyawat Wibulsawasdi
Chairman
Although the spread of the COVID-19 pandemic created significant pressure on the Thai capital market in 2020, the Stock Exchange of Thailand’s (SET) Board of Governors was prepared to respond and adjusted its strategy promptly to manage the situation. In particular, the Board oversaw the safety of all staff and IT security to ensure that the capital market could continue to operate amid the crisis.
Covid-19 Response
The SET is the center for securities trading and services for related parties in the capital market. As the Board recognized that the COVID-19 pandemic has unavoidably affected the SET’s operations, it identified strict measures to prevent virus transmissions and readied trading systems to respond to the crisis in line with Business Continuity Plans (BCP). At the same time, it established measures to care for stakeholders, which included adjusting Circuit Breaker conditions to give investors additional time for decision-making amid high fluctuations in the market, and reducing annual fees to ease the burden on listed companies while economic activities were halted.
Adapting the Capital Market for the Digital Era
Despite the COVID-19 crisis having severely affected all sectors in the past year, rapid technological changes continue to push businesses to adapt for their survival. Such changes have been especially visible during COVID-19, as it has accelerated the adoption of technology in our daily lives. In capital markets, this has been seen in the move towards digital investment transactions. Therefore, the SET established SET Venture Holding Co., Ltd.
‘Developing the capital market to stimulate Thailand’s economic recovery and progress for
a secure future.’
with the aim of supporting infrastructure and innovations that will enable the growth of a digital capital market in the future. Meanwhile, the SET Board of Governors has ensured that this new business is equipped with effective internal controls and risk management systems that respond to the needs of, and instill confidence among, stakeholders and other businesses in the SET.
Mobilizing the Capital Market with Good Governance
The world encounters economic, social, and environmental changes every day that are hard to predict. To prepare for future challenges, the SET is focused on equipping people with news skills, welcoming digital businesses, and increasing the capabilities of the Thai capital market with technologies that improve competitiveness and build resilience against rapid change. Simultaneously, the SET has also continued to promote sustainable development principles in the capital market so that the SET and companies within the capital market have transparent, effective, and adequate governance systems, and consider stakeholders across the entire value chain.
On behalf of the SET Board of Governors, I wish to thank all of our stakeholders who have joined the SET in safeguarding the potential of the Thai capital market throughout this crisis. In 2021, the SET will continue to develop the organization under our vision “To Make the Capital Market Work for Everyone” by remaining cognizant of good governance principles and sustainable development. I am confident that the cooperation of all sectors will help the capital market overcome difficulties and lead the Thai economy towards recovery and a stable future.
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Sustainability Report 2020