Nomination & Remuneration Committee

Nomination  and  Remuneration  Committee  (KNR)  is  the new  GCG  infrastructure  at  the  Company  that  was  newly established and validated in 2015. The establishment of KNR aims  to  encourage  the  management  of  the  Company  to be  in  line  with  the  Good  Corporate  Governance  principles and  to  fulfill  the  provision  of  the  OJK  Regulation  No.34/ POJK.04/2014  concerning  Nomination  and  Remuneration Committee.

Nomination & Remuneration Charter

Nomination and Remuneration Committee CharterIn  order  to  provide  assurance  on  the  legal  ground  for  the implementation of duty of the newly-established Committee, the Company has developed and introduced the Nomination and Remuneration Charter which explains: the mission and vision  of  the  committee,  function,  organizational  structure and position of the Committee, membership.

 

Duties and Responsibilities of Nomination and Remuneration Committee

Duties and Responsibilities of Nomination and Remuneration Committee Pursuant  to  Nomination  and  Remuneration  Committee Charter,  duties  and  responsibilities  of  Nomination  and Remuneration Committee are as follows:

Nomination Function

​1.    Providing recommendation  to  the  Board of Commissioners concerning:

  • Composition of position of members of the Board of Directors and Board of Commissioners that conforms to the articles of association of the Company and the applicable laws and regulations;
  • Policy and criteria required in the nomination process;
  • Policy  on  the  evaluation  of  the  performance  of members  of  the  Board  of  Directors  and  Board  of Commissioners, and;
  • Program  for  the  development  of  the  capacity  of members  of  the  Board  of  Directors  and  Board  of Commissioners and Board of Directors.

 

2. Assisting the Board of Commissioners in developing the performance benchmark of the  members of the Board of Commissioners and Board of Directors and providing information on the performance indicators as a basis to assess their performance;

3. Recommendin g t he candida tes  fo r the  B oard of D  irectors and Board of Commissioners that meet the requirements for being members of the Board of Directors and Board of Commissioners to the Board of Commissioners to be submitted to the General Meeting of Shareholders.

 

Remuneration Function

1. Providing recommendation  to  the  Board of Commissioners on the policy, structure, and amount of the remuneration for  members  of  the  Board  of  Directors  and  Board  of Commissioners;

2. Assisting the Board of Commissioners in determining the amount of remuneration by taking into account the result of performance assessment of each member of the Board of Directors and Board of Commissioners.

 

Members of the Nomination and Remuneration Committee

Based on Decree of the Board of Commissioners No.SK_002/ PTDH/KOM/XI/2017  the  membership  of  Nomination and Remuneartion Committee is as follows:

1. Hannibal S. Anwar as Chairman

2. Saptari Hoedaya as Member

3. Endang Ruchijat as Member