Duties and Responsibilities of The NRC

The duties and responsibilities of the Nomination and Remuneration Committee as mentioned in the Nomination and Remuneration Committee Charter are as follows: 

Related to nomination: 

1. Assess and evaluate the performance of each member of Board of Directors and Board of Commissioners with regard to the implementation of good corporate governance. This includes implementation of the Company’s overall operations, related to the actual achievement of the Company, alignment of work between the vision and mission of the Company and conformity between strategy and innovation as well as achievement in increasing shareholder value. 
2. Based on the above, hold discussions to propose candidates to become members of the Board of Directors and/or Board of Commissioners to the Board of Commissioners to be used as discussion material at the GMS. 
3. Carry out other duties related to nomination, as assigned by the Board of Commissioners.

Related to remuneration 

1. Assess and evaluate the performance of each member of both the Board of Directors and commissioners with regard to the implementation of good corporate governance. This includes implementation of the Company’s overall operations related to the actual achievement of the Company, alignment work between the vision and mission of the Company and conformity between strategy and innovation as well as achievement in increasing shareholder value. 
2. Based on the above, carry out discussions to determine the amount of remuneration for each member of both boards to the Board of Commissioners to be used as discussion material at the GMS. 
3. Carry out other duties related to remuneration as assigned by the Board of Commissioners. 

The Independence of The NRC

The Nomination and Remuneration Committee is led by Mr. Fauzi Ichsan, an Independent Commissioner, who has no affiliated relationship with the Board of Commissioners, Board of Directors, and principal shareholder of the Company. 

Members of the Nomination and Remuneration Committee

The Nomination and Remuneration Committee plays an important role in the nomination process of the candidates of Board of Commissioners and Board of Directors, ranging from criteria development, conducting due diligence and feasibility (fit and proper test), and submitting results to the Board of Commissioners. In addition, this committee is responsible for evaluating performance of the Board of Commissioners and Board of Directors and relate it with remuneration and propose evaluation results to the Board of Commissioners. The result of both evaluations are then presented at the General Meeting of Shareholders for approval.

Members of Nomination and Remuneration Committee

The composition of the Nomination and Remuneration Committee for the 2020-2025 period is as follows:

Mohamad Fauzi M. Ichsan

Soegiarto Adikoesoemo

I Nyoman Mastra

Felix Abednego

Member of the Nomination and Remuneration Committee
His profile can be viewed at the  Annual Report 2021 page 283