CORPORATE GOVERNANCE

Task and Responsibility

Task and Responsibility

Audit Comittee

Duties and Responsibility

  1. Reviewing the Financial information that will be issued by the Company to the public and/or authorities, such as Financial Statements, Projections and other reports related to the Financial information of the Company.
  2. Reviewing the Company compliance with statutory Regulations related to the Company’s activities.
  3. Provide independent opinion in case of opinion differences and as liaison between Management and Accountant (External Auditor) regarding their services.
  4. Provide recommendation to the Board of Commissioners concerning Accountant appointment which is based on independency, scope of assignment and fee.
  5. Reviewing the implementation of auditing by CIA and supervise follow up CIA findings implementation by Board of Directors. However the Audit Committee not involved in regular activities and not duplicate to other oversight functions within the Company (internal auditor duties)
  6. Reviewing complaint related to the accounting process and financial reporting of the Company.
  7. Reviewing and provide suggestion to the Board of Commissioners related to any Company’s potential conflict of interest.
  8. Keeping the confidentiality of the Company’s documents, data, and information

Task and Responsibility

Nomination & Renumeration Comittee

Nomination and Remuneration Committee is responsible to the Board of Commissioners and shall act independently in performing its duties. Duties and Responsibilities of this committee are:

  1. To assist the Board of Commissioners on performance evaluation of the Board of Directors and / or the Board of Commissioners members based on the benchmarks that have been prepared as evaluation materials.
  2. To provide recommendation to the Board of Commissioners on the capacity building program for the Board of Directors and / or the Board of Commissioners members.
  3. To propose eligible candidates as members of the Board of Directors and / or the Board of Commissioners.
  4. To the Board of Commissioners to be submitted to the GMS.
  5. To provide recommendation to the Board of Commissioners regarding the structure and policies on remuneration.
  6. To assist the Board of Commissioners in conducting performance appraisals with the suitability of remuneration received by each member of the Board of Directors and / or the Board of Commissioners.

Task and Responsibility

Risk Management & Insurance Committee

Risk Management and Insurance Committee is a Committee in charge of monitoring and valuating risks that may happen to the Company. The Committee's general duties and responsibilites are:

  1. To evaluate the Company's risk management policy and evaluate the conformity of policy with its implementation in order to provide recommendations to the Board of Directors.
  2. To monitor and evaluate the Risk Management Work Unit and the execution of its tasks.

Task and Responsibility

Discipline & Compliance Committee

This Committee is responsible for the implementation of the Company's compliance upon the applicable laws and regulations, including internal regulations existing in the Company. Committee periodically evaluate legislation and violations whether occurring internally in the Company or externally.