Board of Commissioners

Corporate Governance

Board of Commissioners

As one of the Company’s organ, the Board of Commissioners of the Company is responsible for overseeing the Company’s management by the Board of Directors in accordance with the Articles of Association and providing assistance to the Board of Directors in determining the Company’s strategy, as well as providing suggestions, advice and recommendations to the Board of Directors regarding certain issues and matters. The Board of Commissioners is also responsible for ensuring the Company has implemented GCG in a sustainable manner. In performing its duties and responsibilities, the Board of Commissioners shall act in an independent manner.

Charter of the Board of Commissioners

The Company has a Charter of the Board of Commissioners which serves as the guidelines and rules for the Board of Commissioners in performing its supervisory function in an efficient, effective, transparent, independent and accountable manner. Evaluation of the Charter of the Board of Commissioners is conducted periodically in accordance with prevailing laws and regulations.

Find and download the Charter of the Board of Commissioners in our Governance Policy page.

Appointment and Membership Criteria of the Board of Commissioners

In reference to the laws and regulations, the Articles of Association and Charter of the Board of Directors, the Board of Commissioners and committees under the Board of Commissioners, the Company established a Nomination and Remuneration Process Policy which serves as a guideline in the nomination and remuneration process of members of the Board of Directors, the Board of Commissioners and committees under the Board of Commissioners.


Composition of the Board of Commissioners per April 29th, 2021 is as follows

President Commissioner: Mark James Travers

Vice-President Commissioner: Ogi Prastomiyono

Commissioner: Luiz Fernando Landeiro Jr

Commissioner: Nicolas D. Kanter

Commissioner: Nobuhiro Matsumoto

Commissioner: Rizal Sukma

Commissioner: Alexandre Silva D’Ambrosio

Independent Commissioner: Raden Sukhyar

Independent Commissioner: Rudiantara

Independent Commissioner: Dwia Aries Tina Pulubuhu

The biography of each member of the Board of Commissioners can be found in our leadership page

The Board of Commissioners is supported by the:

Audit Committee

The Audit Committee is an independent committee to assist the Board of Commissioners in overseeing the process and integrity of governance, risk management and internal control practices in the Company. The Audit Committee reports directly to the Board of Commissioners.

The Committee’s membership was established based on POJK No.55/POJK.04/2015 concerning the Establishment and Implementation Guidelines for Audit Committees. The Committee’s membership shall consist of at least three members, with at least one Independent Commissioner and parties from outside of the Company.

The Independent Commissioner chairs the Audit Committee. Rudiantara was appointed as the Chairman of the Audit Committee during the reporting period. The appointment was based on a Board of Commissioners resolution taken at the Board of Commissioners meeting dated 28 July 2020, after taking into account the Governance, Nomination and Remuneration Committee’s recommendation.

Audit Committee Composition as at December 31st, 2020:

Chairman: Rudiantara, appointed in July 28, 2020 - present

Member: Herwan Ng, appointed in May 1, 2019 - present

Member: Felia Salim, appointed in January 1, 2020 - present

Governance, Nomination and Remuneration Committee

The Corporate Governance, Nomination and Remuneration Committee duties and responsibilities are to assist the Board of Commissioners in matters related to corporate governance, and nomination and remuneration processes. The Governance, Nomination and Remuneration Committee was established based on the Board of Commissioners’ Meeting decision dated March 27, 2017.

Pursuant to POJK No.34/POJK.04/2014 on Nomination and Remuneration Committee of Public Companies, the Governance, Nomination and Remuneration Committee composition shall consist of at least three members, with one member acting as Chairman who is also an Independent Commissioner. Other members may be members of the Board of Commissioners, parties from outside the Company, as well as those who hold managerial positions under the Board of Directors in charge of human resources.

Members of the Governance, Nomination and Remuneration Committee are appointed by the Board of Commissioners for a 3-year term. In 2020, the composition of the Governance, Nomination and Remuneration Committee changed so that as of December 31, 2020 it was comprised of 1 Chairman and 4 members.

Governance, Nomination and Remuneration Committee as at December 31, 2020:

Chairman: Rudiantara, appointed in July 29th, 2020

Member: Mark James Travers, appointed in November 19th, 2020

Member: Luiz Fernando Landeiro, appointed in June 12th, 2020

Member: Nobuhiro Matsumoto, appointed in June 12th, 2020

Member: Rizal Sukma, appointed in November 19th, 2020

Risk Mitigation Committee

The Risk Mitigation Committee was established based on a resolution of the Board of Commissioners adopted in the meeting of the Board of Commissioners on March 27th, 2017. The Risk Mitigation Committee assists the Board of Commissioners with respect to risk management application and implementation supervision.

Committee membership is determined based on the Board of Commissioners’ decree and Risk Mitigation Committee Charter. Based on these provisions, the Committee composition consists of three members, provided that one member is concurrently the Chairman and an Independent Commissioner. The term of office for Committee members is two years.

In 2020, there was a change in the membership of the Risk Mitigation Committee with the appointment of Ogi Prastomiyono at a meeting of the Board of Commissioners on November 19th, 2020. Following the appointment, composition of the Risk Mitigation Committee as at December 31st, 2020 comprised of a Chairman and three members.

Risk Mitigation Committee Composition as at December 31, 2020

Chairman: Raden Sukhyar, August 16th, 2019 – March 31st, 2021

Member: Luiz Fernando Landeiro, April 1st, 2019 – March 31st, 2021

Member: Justin Thompson, August 16th, 2019 – August 15th, 2021

Member: Ogi Prastomiyono, November 19th, 2020 – November 18th, 2022