"The Board approved the SET's operational performance in 2003 exercised by its management and staff. The Board further approved next year's plans and budgets as proposed by the SET President. Mr. Kittiratt was also asked to make a three-year plan for the SET that is in line with the Capital Market Development Master Plan as well as the SET's plans over the past two years, the period which he has been the Exchange's president," Mr. Vijit said.
At the Board meeting, the rumor of the Mr. Kittiratt Na-Ranong's resignation was also discussed. The Board concluded that it is untrue. In fact, the Board has been satisfied with and remains confident in the President's accomplishments over the past two years as well as his future plans, rendering the rumor incorrect. The appointment of the SET President falls under the authority of the SET Board of Governors by virtue of Section 164 of the Securities and Exchange Act B.E. 2535
