The Board of Commissioners is the Company’s organ that represents shareholders in providing guidance or recommendation to the Board of Directors in managing the Company in good faith and oversee the policies and strategies implemented by the Board of Directors. In carrying out its functions and responsibilities, the Board of Commissioners is assisted by committees formed by and directly responsible to the Board of Commissioners.
The Company ensures that the Independent Commissioners do not have any affiliation with other members of the Board of Commissioners, the Board of Directors, and shareholders to guarantee the objectivity of the Independent Commissioners in carrying out their duties and responsibilities. The Company has complied with the Independent Commissioner requirements, which requires at least 30% of the total number of the Board of Commissioners.
The Company appoints its Independent Commissioner based on the following conditions, but not limited to:
The Board of Commissioners meeting must be carried out at least once every 2 (two) months and attended by majority of the total number of members of the Board of Commissioners, chaired by the President Commissioner. The meeting can also be held at any time if deemed necessary or according to a written request from the Board of Directors. The Board of Commissioners' meeting, along with its meeting decisions, are considered valid if attended and/or represented by more than 50% of the members of the Board of Commissioners.
Board of Commissioners Charter
In carrying out the Company’s business management, the Board of Commissioners has a binding Board of Commissioners Manual for each member of the Board of Commissioners. This is in accordance with the Financial Services Authority (OJK) Regulation No.33/ POJK.04/2014 which can be accessed through the link below:
