Good Corporate Governance


Nomination and Remuneration Committee

Duties and Responsibilities of The NRC - 66

Duties and Responsibilities of the Nomination and Remuneration Committee

Duties and responsibilities related to the process of nomination of candidates members of the Board of Commissioners and Directors are as follows:

  1. Reviewing and monitoring to ensure that the strategy and policy of the Company have the nomination with the selection criteria, qualifications, requirements, and procedures
  2. Assist the Board in ensuring that the prospective members of the Board of Commissioners and Board of Directors are proposed are selected in accordance with the selection criteria and nomination procedures are established and delivered on the names of candidates to the Board, for further submitted to shareholders for approval at the AGM
  3. If deemed necessary may conduct market research and specific assessment of the availability of the candidate / candidates from outside the company for candidate nomination process of the Board of Commissioners and Board of Directors.

Duties and responsibilities related to the formulation of remuneration for the Board of Commissioners and Directors are as follows:

  1. A review of the procedures applicable in the Company's remuneration
  2. Monitoring of the level of remuneration of the company to provide recommendations on remuneration and compensation system that is transparent and fair in the form of salary or honorarium, allowances, and other permanent facilities, or in the form of bonuses and incentives which are variable
  3. BOC helps assess, formulate, and recommend remuneration, salary / honoraria, allowances, as well as facilities that are fixed and bonuses and other incentives that are variable for the Board of Commissioners and Board of Directors.


The Independence of The NRC - 67

Nomination and Remuneration Committee is chaired by Mr. I Nyoman Mastra as Independent Commissioner, who has no affiliation with the Board of Commissioners, Directors and major shareholder of the Company.


Members of the Nomination and Remuneration Committee - 103

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

Based on the decision of the Board of Commissioners dated May 11, 2020 of the Changes of the Nomination and Remuneration Committee, the composition of the Nomination and Remuneration Committee shall be as follow:

Mohamad Fauzi M.
Chairman of the Nomination and Remuneration Committee

His profile can be viewed at the Board of Commissioners.

Soegiarto Adikoesoemo

Member of the Nomination and Remuneration

His profile can be viewed at the Board of Commissioners.

I Nyoman Mastra
Member of the Nomination and Remuneration Committee

His profile can be viewed at the Board of Commissioners.

Bambang Syumanjaya
Member of the Nomination and Remuneration

Joined the Company as Head of Human Resources Division in 2018. Previously, he served as:

  • Founder & President Director of PT Konsultan Masa Depan (DISCovery Consultant)
  • Business Development General Manager of PT Aneka Kimia Raya Tbk
  • President Ditector of PT Kotindo Indah Maju & PT Starpack Indah Maju
  • Business Director of PT Sanjaja Graha Sarana
  • Marketing Division Manager of PT Kenari Djaja Prima
  • Marketing Division Manager of PT Kenari Djaja Prima
  • Founder & Architect of Syumanj Disain Estetika


Education:

  • Master Business Administration (MBA) degree from Monash University, Australia
  • Magister Management (MM) degree from IPMI (Institute of Management Development of Indonesia), Jakarta
  • Bachelor of Technic in Architecture from University of Kristen Indonesia, Jakarta