Board of Directors

Governance

Board of Directors

Under the coordination of the President Director, the Board of Directors is collegially responsible for the management of the Company in an effective, efficient and prudent manner for the interest, objectives and purposes of the Company as well as representing the Company inside and outside the court in accordance with the Articles of Association of the Company.

Charter of the Boar​d of Directors

The Board of Directors perform its roles, duties and responsibilities with reference to the Charter of the Board of Directors. Evaluation of the Charter of the Board of Directors is conducted periodically in accordance with prevailing laws and regulations.

Charter of the Board of Directors was last updated on October 7, 2020, please download it on the following page.

Download the Charter of the Board of Directors

Appointment and Membership Criteria of the Board of Directors

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.

The policy includes the sourcing, assessment, selection, and recommendation of candidate directors, commissioners and/or members of the committees under the Board of Commissioners.


Board of Directors’ Composition of at June 21st, 2022:
Name Title
Febriany Eddy President Director
Adriansyah Chaniago Vice President Director
Bernardus Irmanto Director
Vinicius Mendes Ferreira Director

The biography of each member of the Board of Directors can be found in our local leadership page.

Board of Directors supported by:

Internal Audit Unit

The establishment of the Internal Audit Unit refers to POJK No.56/POJK.04/2015 concerning the Establishment and Guidelines for the Preparation of the Internal Audit Unit Charter. In accordance with the Internal Audit Unit Charter (“POJK 56”). The Internal Audit Unit is responsible to the Board of Commissioners through the Audit Committee and is administratively responsible to the President Director.

Internal Audit Unit Structure and Position

The Internal Audit Unit consists of at least three internal auditors. Internal Audit Unit personnel are not allowed to hold positions in other departments or operational divisions in the Company.

The Internal Audit Unit is led by a Senior Manager of Internal Audit as the Head of the Internal Audit Unit, who is appointed and dismissed by the Board of Directors with the approval of the Board of Commissioners. Until the end of the reporting period, there were two members of the internal auditor in the Company's Internal Audit Unit.

Corporate Secretary

The appointment of a Corporate Secretary is regulated in POJK No.35/POJK.04/2014 concerning Corporate Secretary of Issuers or Public Companies (“POJK 35”) and IDX Regulation No.1-E concerning Obligations to Submit Information. The Corporate Secretary is responsible to the Board of Directors and is appointed/dismissed based on the Decision of the Board of Directors with the approval of the Board of Commissioners. The Corporate Secretary has a strategic function as a liaison between the Company and shareholders, OJK, IDX and other stakeholders.

TThe duties and responsibilities of the Corporate Secretary refer to the Corporate Secretary Charter, which was last updated and approved by the Board of Directors on January 12, 2015.

The current Corporate Secretary is Cut Fika Lutfi, who was appointed by the Board of Directors based on the Board of Directors Decree No. 002/SK-DIR/XI/2018 dated November 30, 2018. The appointment of the Corporate Secretary became effective on December 1, 2018, and has been reported to OJK and IDX through letter No. 1026/SS-J/XII/2018, dated December 3, 2018.

The Corporate Secretary can be contacted at the following address:
Sequis Tower, 20th Floor, Unit 6 & 7
Jl. Jend. Sudirman Kav. 71
Jakarta 12190 Indonesia
P: + 62-21-524 9000
F: + 62-21-524 9020
E: ptvi-corpsec[at]vale.com

Risk Management Unit

The Risk Management Unit was established on May 4, 2016 and is responsible for facilitating the Company's risk management process. The duties of the Risk Management Unit include risk assessment, preparing preventive controls and risk mitigation plans, monitoring the implementation of preventive controls and mitigation plans, evaluating risk management processes, and making reports to the Board of Directors and the Risk Mitigation Committee.

The duties and responsibilities of the Risk Management Unit are regulated in the Risk Management Unit Charter, which has been updated and approved by the Board of Directors, effective November 20, 2019. The charter regulates, among others, duties, responsibilities and authorities, reports, membership and performance appraisal.

The Risk Management Unit is chaired by the Risk Management Unit Manager. At the end of 2021, the Manager of Risk Management Unit was Kusnu Hariyanto, whom appointed by virtue of Decree of the Board of Directors. Manager of Risk Management Unit is assisted by five ex-officio representatives of each Director

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