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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