Board of Directors

Corporate 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 Board 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.

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

Appointment and Membership Criteria of the Board of Directors

The Company's Board of Directors' succession is regulated under a Career and Succession Planning ("CSP") system. The CSP system provides career planning and succession support programs, including employee performance evaluation processes, career aspirations, training programs and self development.

The CSP system requires each member of the Company’s Board of Directors to nominate at least one prospective replacement for development. Besides the Board of Directors, replacement candidates may also be submitted by the shareholders and other professional sources, appointed by the Board of Commissioners.

In accordance with the Nomination and Remuneration Process Policy, prospective candidates will be recommended to the Governance, Nomination and Remuneration Committee. Further, the Governance, Nomination and Remuneration Committee will conduct assessments of the prospective candidates by considering the candidates' qualifications, the Company's needs, and the requirements set forth in the prevailing laws and regulations. The assessment results will be submitted to the Board of Commissioners, who will forward the nominated candidates for appointment, for determination by the shareholders in the GMS.


Board of Directors’ Composition as at August 31, 2021:

President Director: Febriany Eddy

Vice President Director: Adriansyah Chaniago

Director: Bernardus Irmanto

Director: Vinicius Mendes Ferreira

Director: Dani Widjaja

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

The Board of Directors is supported by:

Internal Audit Unit

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

Structure and Position of the Internal Audit Unit

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

Internal Audit Unit is managed by a Senior Manager of Internal Audit as Head of the Internal Audit Unit, who is appointed and dismissed by the Board of Directors with approval from the Board of Commissioners. At the end of the reporting period, there were two internal auditors in the Company’s Internal Audit Unit.

Corporate Secretary

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

Duties and responsibilities of the Corporate Secretary refers to the Charter of the Corporate Secretary, las amended and approved by the Board of Directors on January 12, 2015.

Currently, Cut Fika Lutfi served as the Corporate Secretary following appointment based on the Board of Directors Decree No. 002/SK-DIR/XI/2018 dated November 30, 2018. The Corporate Secretary appointment became effective as of December 1, 2018 and was notified to OJK and IDX by letter No. 1026/SS-J/XII/2018 dated December 3, 2018.

The Corporate Secretary can be contacted through:
The Energy Building, 31st floor
Jl. Jend. Sudirman Kav. 52-53
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 4th, 2016 and is responsible for facilitating the Company’s risk process. The Risk Management Unit’s duties include risk assessments, preparing preventive controls and risk mitigation plans, monitoring preventive controls and mitigation plans, evaluating risk management processes, and preparing reports to the Board of Directors and the Risk Mitigation Committee.

The Risk Management Unit’s duties and responsibilities are set forth in the Charter of the Risk Management Unit that was updated and approved by the Board of Directors, effective November 20th, 2019.

The Risk Management Unit is headed by a Manager. At the end of 2020, the Manager of Risk Management Unit was Budi Handoko, based on his appointment by the Board of Directors through their Decree No. 01/SK-DIR/IX/2019 dated September 27, 2019. Manager of Risk Management Unit is assisted by five ex-officio representatives of each Director, i.e., Chief Executive Officer (CEO), Chief Operational Officer (COO), and Chief Financial Officer (CFO).