Committees

  Overview

The Company established three committees under the Board of Commissioners, namely the Audit Committee, Nomination and Remuneration Committee, and the Management and Employee Stock Option Program (MESOP) Committee. These three committees assisted the Board in carrying out their supervisory and advisory function to the Board of Directors, as well as ensure that the Company has managed to safeguard the interests of shareholders and other stakeholders.

Audit Committee
The Audit Committee established by the Board of Commissioners in accordance with Bapepam-LK Regulation No. IX.I.5 concerning Establishment and Guidelines of Audit Committee which then revised with POJK No. 55/POJK.04/2015 concerning Establishment and Implementation of Audit Committee. The Audit Committee reports to the Company’s Board of Commissioners to assist it in carrying out its supervisory duties and functions.

Was appointed based on Decision of the Board of Commissioners 021.Kep.Kom/MNCL-LGL/I/2020 dated January 22, 2020. The Audit Committee consists of 1 (one) Independent Commissioner and 2 (two) externals who meet the requirements as stipulated in POJK No. 55/POJK.04/2015. The composition of the Audit Committee is as follows:

Chairman : Susaningtyas Nefo Handayani Kertopati
Member : Ratna Yani
Member : Tissa Purnama

Duties and Responsilibilities

1. Give advice on audits and appoint a public accounting firm to audit and prepare the Company’s financial statements;
2. Ensure that preparation of the company’s financial statements complies with all applicable regulations;
3. Provide opinions to the board of commissioners (BoC) on audit results and recommendations by the public accounting firm;
4. Verify audit findings submitted by internal audit and give relevant opinions on findings to Internal Audit.

Nomination & Remuneration Committee
The Nomination and Remuneration Committee established by the Board of Commissioners with reference to POJK No. 34/POJK.04/2014 concerning Nomination and Remuneration Committee of Issuers or Public Companies. The Nomination and Remuneration Committee is responsible for assisting the Board of Commissioners in performing their functions and duties related to nomination and remuneration for members of the Board of Commissioners, the Board of Directors, executive officers and all employees.

The Nomination and Remuneration Committee on duty as of May 25, 2018 was appointed based on Decision of the Board of Commissioners No. 001-SK.KOM/V/2018 dated May 25, 2018. The composition of Nomination and Remuneration Committee is as follows:

Chairman : Susaningtyas Nefo Handayani Kertopati
Member : Liliana Tanoesoedibjo
Member : Stien Maria Schouten

Duties and Responsibilities

1. To evaluate policies on remuneration for the Boards of Commissioners and Directors, executive and all employees.
2. To ensure that remuneration policies are arranged in accordance with company financial performance, individual work performance, fairness in terms of peer group and consideration of targets and long-term strategies.
3. To provide recommendation on the salary review and distribution of corporate bonus to the Boards of Commissioners and Directors.
4. To supervise the implementation of a remuneration system in accordance with policies.