Good Corporate Governance

The Audit Committee consists of three members, led by Mr.Haji Suhadi, SH., Independent Commissioner, while the other two members are from external independent person. The other two members are Mr.Robert Darmadi and Mr.Stan Pranoto.

The duties of the Audit Committee are to assist the Commissioners in performing their duties to supervise the management of the Company.

The Audit Committee provides oversight and fulfills these duties as follows:

1. Reviewing the annual and quarterly financial statements,
2. Providing an opinion on report conveyed by the Board of Directors to the Board of Commissioners,
3. Reviewing the Company’s compliance with the applicable capital market laws and regulations.

In 2020, the Audit Committee held 4 (four) meetings in one year.

The Company has an Internal Audit Unit headed by Mr. Chrisangga Prawira, he holds a bachelor’s degree in Accounting from Bunda Mulia University. The Head of Internal Audit is responsible to the Board of Directors and provides regular updates on the status of significant audit action items and the annual audit plan to the Board of Directors and the Audit Committee.

The Company formed the Internal Audit Unit on September 20, 2017, in accordance with POJK No.56/POJK.04/ 2015 concerning the Formation and Guidelines for the Formation of Internal Audit Unit Charter. In accordance with the Internal Audit Unit Charter, the Internal Audit Unit is responsible to the Board of Commissioners through the Audit Committee, and administratively is responsible to the President Director. The Head of Internal Audit leads the development of the annual audit with input from Management and review by the Board of Directors. The annual audit plan is carried out by the internal audit staff throughout the year.