BOARD OF COMMISSIONER

Board of Commissioners is the organ of the Company which is collectively responsible for overseeing and providing advice and input to the Board of Directors to ensure that the Company implement good corporate governance principles at all levels of the organization.

Members of the Board of Commissioners are appointed and dismissed by the decision of the General Meeting of Shareholders (AGM) after going through the nomination process in accordance with the Article of Associations and the regulation. Board of Commissioner's term of office is three years.

The Board of Commissioners performs its monitoring function based on the Board Manual of Board of Commissioners and Board of Directors. Board Manual consists of guidelines of work governance of the Board of Commissioners and the Board of Directors as well as description of activity stages in a structural and straightforward manner and consistent implementation. Board Manual becomes a reference for the Board of Commissioners and Board of Directors in performing their respective duties to achieve the Company’s Vision and Mission, as well as high performance standard.

Members of the Board of Commissioners are appointed and dismissed pursuant to the GMS resolution after candidacy process in accordance with the prevailing rules and regulation. Board of Commissioners’ terms of office is 3 years.

Duty and Responsibility of Board of Commissioners

The Board of Commissioners has the rights and authority to monitor the policy of the company’s management conducted by the Board of Directors. The policy includes development plan, business and annual budget plan, implementation and compliance to the Articles of Association, the GMS resolutions, and the prevailing rules and regulation.

In term of the implementation of GCG practice in the Company, the Board of Commissioners has the following duty and responsibilities: to monitor the Board of Directors’ policy in running the Company; to request and acquire information on all matters related to the Company from the Board of Directors; has the right to access the Company’s information; to form an Audit Committee and other Committees as deemed necessary; and to monitor the effectiveness of GCG practice.