Overview

The Company conducts its business activities responsibly, ethically and in compliance with prevailing rules and regulations in Indonesia. The Corporate Governance policies were developed in line with the Indonesian laws and regulations, the Company’s Articles of Association (“AOA”) and Good Corporate Governance (“GCG”) principles, which advocate transparency, accountability, responsibility, independency and fairness.

Corporate Governance Structure

Based on Law No. 40 Year 2007 regarding Limited Liability Company (“Company Laws”), the Company’s organs consist of the General Meeting of Shareholders (“GMS”), the Board of Commissioners (“BOC”) and the Board of Directors (“BOD”). They are assisted by the Committees and Corporate Secretary, and play an important role in the implementation of GCG. The Company’s organs are required to perform their functions based on prevailing regulations, the AOA and the GCG principles.

Committees Structure

In performing its oversight duties, the BOC is assisted by the following two Committees:

  • 1. Audit Committee

  • 2. Nomination and Remuneration Committee

Audit Committee

Chairman

Johan Paulus Yoranouw

Independent Commissioner

Member

Willie Tandanu

External Independent Professional

Benito Sutarna

External Independent Professional

Nomination and Remuneration Committee

Chairman

Johan Paulus Yoranouw

Independent Commissioner

Member

Brenna Florence Pribadi

Commissioner

Hery Wahyono

Head of Remuneration Department


Corporate Secretary

Tjoe Mun Lie was appointed as the Corporate Secretary of the Company on March 2017 by the Decree of the Board of Directors dated 23 March 2017.