Audit Committee

Audit Committee work guidelines

In performing its monitoring function, the Board of Commissioners is supported by Audit Committee. The supporting activity refers to Audit Committee Charter, pursuant to POJK No. 55/POJK0.4/2015 on the Establishment and Work Implementation Guideline of Audit Committee. The Audit Committee is directly responsible to the Board of Commissioners.

Appointment and dismissal of Audit Committee members

Audit Committee is appointed and dismissed by the Board of Commissioners Audit Committee is chaired by a Board of Commissioners member and two professional members from outside the Company with adequate background in the sectors that support the Company’s industry. Audit Committee works professionally and independently in performing its duty.

Description of the Nomination and Remuneration procedures, if not established by the Nomination and Remuneration Committee

Until now, the Company had not established a Nomination and Remuneration Committee to support the monitoring function of the Board of Commissioners. Therefore, the nomination and remuneration function is still conducted by the Board of Commissioners until now, with the GMS permission.

The nomination and remuneration procedures conducted by the Board of Commissioners  are as follows:

1. Evaluate the performance of the Board of Commissioners and Board of Directors;
2. Draft up skill development program of the Board of Commissioners and Board of Directors; and
3. Draft up remuneration structure, policy and amount for the Board of Commissioners and Board of Directors