The Nomination and Remuneration Committee is an organ that plays a role in providing independent opinions regarding the nomination and remuneration of the Board of Commissioners and the Board of Directors and assisting the nomination process for members of the Board of Commissioners or members of the Board of Directors.

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Nomination and Remuneration Committee Charter

The Nomination and Remuneration Committee charter guides the Nomination and Remuneration Committee in carrying out its duties and responsibilities. The charter was enacted on September 4, 2017.

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Nomination & Remuneration Committee Membership

The establishment of the Nomination and Remuneration Committee is based on the Decision of the Company's Board of Commissioners Meeting No. 003/MCI/SK-DK/I-IX/17, dated September 4, 2017.

 

The Company approved changes to the membership composition of the Company's Nomination and Remuneration Committee on June 19, 2024 in accordance with the decision letter of the Company's Board of Commissioners meeting No. 045/MCI/SK-DK/E-VI/24. The composition of the Nomination and Remuneration Committee members is as follows:

1. Fauzi Sjam – Chairman
2. Diaz Hendropriyono – Member
3. Pradytha Velisya Noor Salsabila – Member

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The term of office of members of the Nomination and Remuneration Committee is no longer than the term of office of members of the Board of Commissioners.

Nomination and Remuneration Committee Duties and Responsibilities

Duties and responsibilities of the Nomination and Remuneration Committee, namely:
1. In relation to the nomination function, provide recommendations to the Board of Commissioners regarding position composition, policy and criteria for nomination, as well as policy for evaluating the performance of the Board of Commissioners and/or Board of Directors members
2. In relation to the remuneration function, provide recommendations to the Board of Commissioners regarding remuneration structure, policy and amount and assist the Board of Commissioners in conducting assessment of performance alignment with remuneration

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The Nomination & Remuneration Committee has the authority to:
1.  Access the Company's documents, data and information related to the implementation of its duties and
2. Communicate directly with employees, including the Board of Directors and other parties related to their duties and responsibilities and other authorities granted by the Board of Commissioners

All committee members, both current and former, must maintain the confidentiality of the documents, data, and information belonging to the Company, which have been obtained from both internal and external parties while they are or were in office as committee members, and may only use such confidential information in executing their duties.

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Nomination & Remuneration Committee Independence

The Nomination and Remuneration Committee carries out its duties and responsibilities in accordance with the Nomination and Remuneration Committee Charter by maintaining the principle of independence.

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Nomination and Remuneration Committee Meetings

The Nomination and Remuneration Committee is required to hold a Nomination and Remuneration Committee meeting at least once every 4 months or 3 times a year. In 2023, the Nomination and Remuneration Committee held 3 meetings.

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Nomination and Remuneration Committee Competency Development

To add insight, competence, and expertise, the Company provides opportunities for each Nomination and Remuneration Committee member to participate in various competency development activities, such as seminars, workshops and training held, either by internal or external parties as needed. In addition, each member of the Nomination and Remuneration Committee continues to develop competence independently through books or the internet.