Nominations Remuneration

Procedure for Nomination and Remuneration

The nomination and remuneration function in the Company is carried out by the Board of Commissioners, which then prepares the basis for determination and recommendation of credible amount of remuneration, supported by market data for similar companies and industries.

Internal Audit

Internal Audit Unit is a supporting organ to perform audit function and provide independent, objective, fair, and professional consultation. The Internal Audit Unit is under the President Director and directly reports to the President Director. Head of Internal Audit Unit is appointed by the President Director upon approval from the Board of Commissioners and reported to the Financial Services Authority. On a daily basis, the Internal Audit Unit works according to guidance and supervisory of the Audit Committee.

The Internal Audit Unit refers to the Annual Audit Plan (RKAT) in doing its duties and responsibilities. RKAT sets work target by taking into account the risk of every audited aspect. Internal audit system with risk assessment based aims to ensure compliance on standard operating procedure (SOP) and prevailing regulations. In performing audit, the Internal Audit Unit assesses and evaluates the operational and financial activities of the Company as well as subsidiaries by referring to prevailing laws and regulations.

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