Remuneration Committee
In order to comply with Otoritas Jasa Keuangan Regulation No. 34 / POJK.04 / 2014 dated 8 December 2014 concerning the Nomination and Remuneration Committee of Issuers or Public Companies, the implementation of the functions of the Nomination and Remuneration Committee in the Company is carried out by the Company’s Board of Commissioners. The Company’s Board of Commissioners has formed the Guidelines for the Implementation of the Nomination and Remuneration Function on May 30, 2016.
Duties and responsibilities of the Remuneration Committee are as follows:
1. Related to the Nomination function:
- Provide recommendations to the Company’s Board of Commissioners regarding: - Composition of positions of members of the Board of Directors and / or members of the Company’s Board of Commissioners; - Policies and criteria needed in the Nomination process; and - Performance evaluation policies for members of the Board of Directors and / or members of the Board of Commissioners of the Company;
- Assist the Board of Commissioners of the Company in evaluating the performance of members of the Board of Directors and / or members of the Board of Commissioners of the Company based on benchmarks that have been prepared as evaluation material;
- Provide recommendations to the Company’s Board of Commissioners regarding the capacity building program for members of the Board of Directors and / or members of the Board of Commissioners of the Company; and
- Provide proposals for candidates who qualify as members of the Board of Directors and / or members of the Board of Commissioners of the Company to the Board of Commissioners of the Company to be submitted to the Company’s General Meeting of Shareholders.
2. Related to the Remuneration function:
- Provide written recommendations to the Company’s Board of Commissioners regarding: - Remuneration structure; - Policy on remuneration; and - Amount of remuneration.
- Assist the Board of Commissioners of the Company in evaluating performance according to the remuneration received by each member of the Board of Directors and / or members of the Board of Commissioners of the Company.
