AUDIT COMMITTEE

The Audit Committee supports the Board of Commissioners by providing advice and assurance on the implementation and effectiveness of good corporate governance. This includes reviewing the integrity of the Company’s financial disclosures, providing oversight over internal control, risk management and the external audits, and monitoring compliance with relevant laws, regulations and policies.  

Audit Committee Members

In accordance with OJK Regulation No. 55/POJK.04/2015 dated 23 December 2015 concerning the Establishment and Working Guidelines of Audit Committees, as well as the Company’s Audit Committee Charter, the Audit Committee consists of at least three members, including at least one Independent Commissioner of the Company who acts as Committee Chairman, and other external parties who are not related to the Company in any way.

 As of 22 June 2020,  the composition of the Audit Committee was as follows:

Nama/Name

Posisi/Position

Legal Basis of Appointment

Period

Roy Nicholas Mandey

Chairman

(Vice President Commissioner- Independent)

BoC Decision No. 03/Dekom-MDS/VI/2020 dated 22 June 2020

2020-2023

Farid Harianto

Member (Independent)

BoC Decision No. 03/Dekom-MDS/VI/2020 dated 22 June 2020

2020-2023

Utomo Santoso

Member  (Independent)

BoC Decision No. 03/Dekom-MDS/VI/2020 dated 22 June 2020

2020-2023

   

 

Roy Nicholas Mandey

Audit Committee Chairman

Roy Nicholas Mandey’ profiles are as forth as in the Board of Comissioner’s profile segment.

Farid Harianto

Audit Committee Member

Indonesian citizen, 66 years old, domiciled in Jakarta.

 First appointed as an Audit Committee member in 2015. He graduated from the Bandung Institute of Technology with a Bachelor degree Engineering and from the Wharton School, University of Pennsylvania, USA with Master’s and PhD degrees.

 He is currently an Independent Commissioner of PT Sepatu BATA Tbk (Plc), PT Unggul Indah Cahaya Tbk (Plc) and PT Toba Bara Sejahtera Tbk (Plc), and is a member of the Risk Oversight Committee at PT Bank International Indonesia Tbk. He has  served in several strategic roles, including as a member of the Staff of the Vice President of Indonesia (2009-2014), Advisor to the Governor of Bank Indonesia (2008-2013), and Vice Chairman of the Indonesian Bank Restructuring Agency (IBRA/BPPN) (1998-2000). 

Utomo Santoso

Audit Committee Member

Indonesian citizen, 63 years old, domiciled in Tangerang.

First appointed as an Audit Committee member in 2020. He graduated from the Diponegoro State University, Indonesia with a Bachelor Degree Ecpnomics and from the Postbac Oregon State University, USA with Master's of Computer Science. 

He is currently a President Director of PT Teknotama Lingkungan Internusa, Indonesia since 2002 and was a President Director of PT Lippo Karawaci Tbk, Indonesia (1996-1998), PT Carita Krakatau International, Indonesia (1998-2001). He served in Lucky Store, Inc USA (1985-1994) as IT Manager for over than 100 chains groceries & department store after he got his Master Degree then being General Manager of Property Business Development at PT Lippo Cikarang, Indonesia (1994-1996). 

 

 Independence of the Audit Committee Members

All the members and the chairman of the Audit Committee are independent parties whose appointment is based on their capacity, educational qualifications and professional background. They have no family or business affiliation with any member of the Board of Commissioners or Board of Directors, or any major shareholder, and no financial connection to the Company other than the compensation they receive for carrying out their duties as members of the Audit Committee and (in the case of the Chairman) the Board of Commissioners. These specifications comply with the provisions of OJK Regulation No. 55/POJK.04/2015 on the Establishment and Working Guidelines of Audit Committees and the Company’s Audit Committee Charter.