Nomination and Remuneration Committee

The Nomination and Remuneration Committee is tasked with assisting the Board of Commissioners in reviewing and updating policies related to the nomination and remuneration of the Board of Directors, Management Team, and employees, as well as providing input regarding its implementation.

a. Structure and Membership

The Company has adjusted the composition of Nomination and Remuneration Committee to comply with OJK Rule No. 34/ POJK.04/2014, dated December 8, 2014, regarding the Nomination and Remuneration Committee. The Nomination and Remuneration Committee comprises an Independent Commissioner as the chairman, one member of the Company’s Board of Commissioners, and one member of the Company's Board of Commissioners (Independent).

As of 10 September 2021, the composition of the Nomination and Remuneration Committee is as follows:

Name Position Legal Basis of Appointment Period

 

Bianca Cheo Hui Hsin 

 

Chair  (Independent Commissioner)

 

BoC Resolution

No. 02/Dekom-MDS/IX/2021 dated 10 September 2021

 

2021-2024

 Andy Adhiwana   Member (Commissioner)  

BoC Resolution

No. 02/Dekom-MDS/IX/2021 dated 10 September 2021

 2021-2024
 David Fernando Audy   Member (Independent Commissioner)  

BoC Resolution

No. 02/Dekom-MDS/IX/2021 dated 10 September 2021

 2021-2024

 

b. Duties and Responsibilities

As stated in the Nomination and Remuneration Committee Charter dated 22 June 2020, the duties of the Nomination and Remuneration Committee include the following:
1. Related to the Nomination function:
    a. To carry out the following procedures:
        1) Prepare the nomination process of the members of the Board of Directors and/or Board of Commissioners;

        2) Prepare policies and criteria required for the nomination process of candidates for the Board of Directors and/or Board of Commissioners;

        3) Assist the Board of Commissioners to evaluate the performance of the Board of Directors and/or Board of Commissioners;

        4) Prepare competence development programs for members of the Board of Directors and/or Board of Commissioners; and

        5) Review and propose candidates who meet the requirements as members of the Board of Directors and/or Board of Commissioners to the Board of Commissioners for submission to the General Meeting of
            Shareholders (“GMS”).

    b. To give recommendations to the Board of Commissioners on the following matters:

         1) Composition of the members of the Board of Directors and/or Board of Commissioners;

         2) Policies and criteria which are required for the nomination process;

         3) Performance assessment policies with respect to members of the Board of Directors and/or Board of Commissioners.

     c. To assist the Board of Commissioners in assessing the performance of members of the Board of Directors and/or Board of Commissioners based on the agreed criteria;

     d. To give recommendations to the Board of Commissioners on competence development programs for members of the Board of Directors and/or Board of Commissioners; and

     e. To propose candidates who meet requirements as members of the Board of Directors and/or Board of Commissioners to the Board of Commissioners for submission to the GMS.

 

2. Related to the Remuneration process:

    a. To carry out the following procedures:

        1) Prepare the remuneration structure for members of the Board of Directors and/or Board of Commissioners;

        2) Prepare policies on remuneration for members of the Board of Directors and/or Board of Commissioners;

        3) Calculate the amount of remuneration for members of the Board of Directors and/or Board of Commissioners.

    b. To give recommendations to the Board of Commissioners on the following matters:

        1) Remuneration structure;

        2) Remuneration policies; and

        3) Amount of remuneration.

    c. To assist the Board of Commissioners in assessing the conformity between performance and the remuneration received by each member of the Board of Directors and/or Board of Commissioners;

    d. In recommending remuneration policies, the Committee must consider at least the formula based on the performance, market competitiveness and financial capacity of the Company.