Other Committees

Nomination and Remuneration Committee

The Nomination and Remuneration Committee was established pursuant to OJK Regulation No. 34/POJK.04/2014 concerning the Nomination and Remuneration Committee of Issuers or Public Companies. The Company’s Nomination and Remuneration Committee consists of 2 (two) persons with one of them being an Independent Commissioner. Members of the Nomination and Remuneration Committee are appointed and dismissed by the Board of Commissioners.

In general, this Committee serves to assist the implementation of the Board of Commissioners duties and function, in particular related to nomination and remuneration for the Board of Directors and the Board of Commissioners.

 

DUTIES, RESPONSIBILITIES AND AUTHORITIES OF NOMINATION AND REMUNERATION COMMITTEE

  1. To provide recommendations to Board of Commissioners pertaining to :

    1. The composition of position and remuneration structure for members of the Board of Directors and/or Board of Commissioners;

    2. The remuneration policy and the criteria of selection, qualification and procedures required in the nomination process of the candidates of the Board of Directors and/or Board of Commissioners ;

    3. The performance assessment policy for members of the Board of Directors and/or Board of Commissioners; and

    4. The amount of remuneration for members of the Board of Directors and/or Board of Commissioners.

  2. To assist the Board of Commissioners in performance assessment for members of the Board of Directors and/or Board of Commissioners based on the indicators prepared for evaluation.

  3. To assist the Board of Commissioners in performance assessment with the appropriateness of remuneration received by each member of the Board of Directors and/or Board of Commissioners.

  4. To provide recommendations to the Board of Commissioners regarding the competence development program for members of the Board of Directors and/or Board of Commissioners.

  5. To recommend qualified candidates for members of the Board of Directors and/or Board of Commissioners to the Board of Commissioners which would then be submitted to the GMS.

     

 

INDEPENDENCE OF NOMINATION AND REMUNERATION COMMITTEE

In performing its duties, the Nomination and Remuneration Committee works independently. Every action and decision taken by the Nomination and Remuneration Committee shall be conducted fairly and objectively in accordance with the prevailing regulations.

 

COMPOSITION OF NOMINATION AND REMUNERATION COMMITTEE

NamePosition
Hamid AwaludinChairman
Sugito WalujoMember
Sunata TjiterosampurnoMember

 

PROFILE OF THE NOMINATION AND REMUNERATION COMMITTEE

Hamid Awaludin
Chairman of the Nomination and Remuneration Committee Chairman
His profile is presented on the Profile of Board of Commissioners Section under the Management section.

 

Sugito Walujo
Member of the Nomination and Remuneration Committee
His profile is presented on the Profile of Board of Commissioners Section under the Management section.

 

Sunata Tjiterosampurno
Member of the Nomination and Remuneration Committee
His profile is presented on the Profile of Board of Commissioners Section under the Management section.