Remuneration and Nomination Function

REMUNERATION AND NOMINATION FUNCTION

Currently, the function of the Company’s Nomination and Remuneration Committee (“KNR”) is carried out by the Board of Commissioners.

The duties and responsibilities of KNR in carrying out the Remuneration and Nomination functions are as follows:

Nomination Policy

In the Nomination policy, KNR provides recommendations to the Board of Commissioners regarding:

  1. Provide recommendations to the Board of Commissioners regarding:
    1. composition of the positions of members of the Board of Directors and/or members of the Board of Commissioners;
    2. policies and criteria required in the Nomination process; and
    3. performance evaluation policies for members of the Board of Directors and/or members of the Board of Commissioners;
  2. Assist the Board of Commissioners in assessing the performance of members of the Board of Directors and/or members of the Board of Commissioners based on the benchmarks that have been prepared as evaluation material;
  3. Provide recommendations to the Board of Commissioners regarding the capacity building program for members of the Board of Directors and/or members of the Board of Commissioners; and
  4. Provide proposals for candidates who meet the requirements as members of the Board of Directors and/or members of the Board of Commissioners to the Board of Commissioners to be submitted to the GMS.

Remuneration Policy

In the Remuneration policy, KNR provides recommendations to the Board of Commissioners regarding:

  1. Remuneration Structure;
  2. Policy on Remuneration;
  3. Amount of Remuneration;
  4. Assisting the Board of Commissioners in assessing performance in accordance with the remuneration received by each member of the Board of Directors and/or member of the Board of Commissioners.

Nomination and Remuneration Committee Guidelines

In carrying out the duties and responsibilities of the Nomination and Remuneration function, the Nomination and Remuneration Committee is guided by the Guidelines for the Nomination and Remuneration Committee.