# SET Unites to Elevate Corporate Governance, Emphasizing Board-Executive-Investor Stewardship (SET News)

- Link: https://www.thailand-business-news.com/set/194658-set-unites-to-elevate-corporate-governance-emphasizing-board-executive-investor-stewardship-set-news
- Published: 2025-03-18T22:52:16+07:00
- Author: SET News

**SET and The Institute of Internal Auditors of Thailand collaborate to implement
new audit standards and introduce the ‘Governance Trinity’ to enhance corporate 
governance and sustainable value creation using AI technology.**

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**KEY POINTS**

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 * **SET partners with The Institute of Internal Auditors of Thailand to implement
   new internal audit standards, introducing ‘Governance Trinity’ – the synergy 
   between AC, CEO, and CAE, while leveraging AI technology to enhance audit efficiency
   and transparency**
 * **Reinforces critical roles of boards, executives, and investors in sustainable
   value creation**

The Stock Exchange of Thailand (SET), in collaboration with The Institute of Internal
Auditors Thailand, hosted SET Sustainability Forum 1/2025 under the theme “Strengthening
Market Resilience Through Audit Excellence” on February 13, 2025. The event brought
together the Securities and Exchange Commission (SEC), governance experts, and listed
company executives to share insights on elevating Thai corporate governance in alignment
with new internal audit standards, while fostering AC-CEO-CAE collaboration.

Professor Dr. Pornanong Budsaratragoon, SEC Secretary-General, delivered a special
keynote on “Strengthening Market Confidence Through Audit Excellence,” emphasizing
that strengthening governance and sustainable growth to enhance listed companies’
value through robust internal control systems is not merely a compliance issue. 
Rather, company boards and audit committees should prioritize it as a “tone at the
top” and strategic issue to establish adequate and appropriate internal control 
systems in listed companies.

SET Senior Executive Vice President Dr. Soraphol Tulayasathien highlighted that 
amid global market volatility, technological disruption, and market dynamics, enhancing
governance and internal audit standards is crucial for building investor trust. 
The collaboration between Audit Committee (AC), Chief Executive Officer (CEO), and
Chief Audit Executive (CAE) – the ‘Governance Trinity’ – will drive this transformation.

Pongsak Sangsingkee, President of The Institute of Internal Auditors of Thailand,
introduced the new internal audit standards effective late 2024, developed to align
with international benchmarks while considering Thai market context. The standards
focus on strengthening AC-CEO-CAE collaboration to enhance corporate governance 
and sustainable value creation.

The forum featured two panel discussions:

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1) “The Governance Trinity: AC, CEO, and CAE Partnership” joined by IIAT Director
Suphamit Techamontrikul; Anuwat Jongyindee, Audit Committee Member, Pruksa Holding
pcl; Sakchai Peechapat, Chief Executive Officer, TISCO Financial Group pcl; and 
Ammaraporn Sivasen, Executive Director, Country Function Head of Internal Audit,
United Overseas Bank (Thai) pcl.

2) “From Governance to Growth: The Value Creation Journey” led by SET Corporate 
Governance and Sustainability Expert Suvabha Charoenying; Kanchit Bunajinda, Audit
Committee Member, KCE Electronics pcl; Thidasiri Srisamith, Chief Investment Officer,
Kasikorn Asset Management Co., Ltd.; and Warapong Wongwachara, Head of Sustainability
Office, Kiatnakin Phatra Financial Group.

For more information, visit www.SETSustainability.com or LINE Official: @SETsustainability

Latest updates on SET’s sustainability news and events are accessible through the
website: www.SETSustainability.com and the LINE official account: @SETsustainability.

**Source** : [SET Unites to Elevate Corporate Governance, Emphasizing Board-Executive-Investor Stewardship](https://www.aseanexchanges.org/content/set-unites-to-elevate-corporate-governance-emphasizing-board-executive-investor-stewardship/?rand=138677)