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Good Corporate Governance

 

Standards of Business Conduct

Our Good Corporate Governance practices include, amongst others, the implementation of the British American Tobacco Group’s Standards of Business Conduct (SOBC) within the organisation.

Standards of Business Conduct - September 2011 (764 kb)
Statement of Business Principles - August 2010 (74 kb)

Reporting Procedure

Reporting Procedure (571 kb) 

Supplier Code of Conduct

Supplier Code of Conduct (1,399 kb) 

Audit Committee

The Audit Committee comprises of three members who are appointed by and responsible to the Board of Commissioners through Circular Resolutions in lieu of the Meeting of the Board of Commissioners of the Company dated 17 March 2016. The members are independent parties and led by the Independent Commissioner of the Company.

The role of the Audit Committee is to support the Board of Commissioners and Directors on issues related to business risk management, internal control, compliance, and business management.

The composition of the current Audit Committee of the Company are as follows:

Eddy Abdurrachman

Eddy AbdurrachmanAppointed as chairman of the Audit Committee of the Company in 2016 for 3 years term by the Decision of Board of Commissioners dated 17 March 2016. He earned his Financial Science degree from Institut Ilmu Keuangan (Financial Science Institute), Jakarta in 1979. He has held senior positions in various government institutions, among others as Director General of Customs and Excise of Department of Finance of the Republic of Indonesia and as Advisor to the Minister of Finance for International Economic Relations of the Department of Finance of the Republic of Indonesia. He once served as Secretary of the Coordinating Ministry for Economic Affairs at the Coordinating Ministry for Economic Affairs.

Hendro Martowardojo

Hendro MartowardojoAppointed as member of the Audit Committee of the Company in 2016 for 3 (three) years term by the Decision of Board of Commissioners dated 17 March 2016. He earned his Bachelor Degree in Economics from University of Indonesia in 1982 and Master of Business Administration in International Management from Brussels European University in 1986. He has more than 30 years of experience working in various multinational, domestic and state-owned companies and had occupied various senior positions in companies such as Citibank, Group Director of PT Maharani Paramitra, President Director of PT Aerowisata, a subsidiary of PT Garuda Indonesia and President Director of PT Citra Dana Asia (Fund Asia). Prior to joining the Company, he served as President Commissioner of PT Niaga Sekuritas and PT Asia Multi Dana and to date still serves as President Commissioner of PT Resource Alam Indonesia Tbk.

Suria Martara Tjahaja

Suria Martara TjahajaAppointed as member of the Audit Committee of the Company in 2016 for 3 (three) years term by the Decision of Board of Commissioners dated 17 March 2016. Mr. Tjahaja previously served as Finance Director and Corporate Secretary of PT Resource Alam Indonesia Tbk (from 1998- 2007), Independent Commissioner and Head of Audit Committee of PT Summitplast Tbk (from 2003–2007). He has been the member of Independent Commissioner and Chairman of Audit Committee of PT Resource Alam Indonesia Tbk since 2008. Mr. Tjahaja earned his Bachelor of Science in Business Administration from California State University Fresno, Fresno, California, USA and Master of Business Administration in Corporate Finance from Golden State University, San Francisco, California, USA.

Audit Committee Charter

Audit Committee Charter (113 kb) 

Corporate Secretary

The Corporate Secretary is responsible for communicating the general condition of the Company and its performance to relevant stakeholders, including the stock exchange and the general public. Other responsibilities include attending all Board of Commissioners and Board of Directors meetings, as well as Joint Management meetings. The Corporate Secretary provides inputs for the Directors to ensure that the Company complies with disclosure requirements and prevailing capital market regulations. All corporate documents, including the Shareholder Register, Minutes of Board of Commissioners and Board of Directors Meetings, and Minutes of General Meetings of Shareholders, are documented by the Corporate Secretary.

Dinar Shinta UlieSince 1 September 2016, through the Decision of Directors, the position of Corporate Secretary has been held by Dinar Shinta Ulie, a law school graduate from University of Indonesia, Depok. She started her career in the legal sector in 2001 with Lubis Ganie Surowidjojo Law Firm for 6 (six) years with the last position as Associate Lawyer. She, then joined PT First Borneo International as Assistant Vice President – Legal for 1 (one) year. Subsequently, she served as Legal Manager in PT Agro Harapan Lestari for 3 (three) years and spent 4 (four) years in PT Solusi Tunas Pratama Tbk as Legal Manager prior to joining the Company.

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