Governance
Management
Committees
Audit Committee
The Audit Committee plays a role in supporting the establishment of an effective internal control and monitoring system, enhancing transparency in financial reporting, and reviewing the scope and appropriateness of external auditor assignments.
As a work guideline, the Company has an Audit Committee Charter that regulates the duties, responsibilities, authorities, ethics, and working procedures of the Audit Committee. This Charter is reviewed and updated regularly to remain aligned with business developments and applicable regulations.
The Audit Committee is responsible for reviewing the Company’s financial statements and compliance with regulations, providing independent opinions in the event of disagreements with public accountants, and offering recommendations regarding the appointment of external auditors. The Committee also supervises follow-up actions on audit findings, handles complaints related to accounting and financial reporting, and may conduct independent examinations or assign third parties when necessary.
In addition, the Audit Committee assists the Board of Commissioners in overseeing the implementation of compliance functions by conducting evaluations at least twice a year, providing suggestions to improve the quality of compliance, and reviewing risk management activities carried out by the Board of Directors. The Committee also provides recommendations regarding the appointment, dismissal, and performance evaluation of the Head of the Internal Audit Unit.
In carrying out its duties, the Audit Committee is obliged to maintain the confidentiality of the Company’s documents, data, and information as part of its responsibility and integrity in performing its supervisory functions.
Nomination and Remuneration Committee
The Nomination and Remuneration Committee was established to ensure the comprehensive implementation of Good Corporate Governance (GCG) principles, particularly in matters of nomination and remuneration in accordance with applicable regulations. The Committee also serves to provide input in the decision-making process related to nomination and remuneration.
As a working guideline, the Board of Commissioners has established the Nomination and Remuneration Committee Charter, which sets out the duties, responsibilities, and working principles of the Committee in an efficient, accountable, and independent manner. This Charter is reviewed regularly to ensure its relevance to the Company’s organizational structure and business operations.
In carrying out its nomination function, the Committee provides recommendations regarding the composition, criteria, and procedures for the selection and/or replacement of members of the Board of Directors and the Board of Commissioners. The Committee also assists in performance evaluations, the development of competency programs, and proposes eligible candidates to the General Meeting of Shareholders (GMS) through the Board of Commissioners.
In its remuneration function, the Committee is responsible for evaluating remuneration policies and providing recommendations on the structure, policies, and amount of remuneration for the Board of Directors and the Board of Commissioners to be submitted to the GMS.
Through these roles, the Nomination and Remuneration Committee plays an important part in supporting transparency, objectivity, and sustainability in corporate governance, while ensuring that members of the Board of Directors and the Board of Commissioners possess the right competencies and receive compensation aligned with their responsibilities.
