ESG

Remuneration Committee

Duties and responsibilities of the Remuneration Committee are as follows:

• 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.
• 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.