governance

Charter of the Board of Commissioners

In carrying out its duties and responsibilities, the Board of Commissioners together with the Board of Directors establishes a work implementation guideline (Charter) containing a collection of corporate legal principles, applicable laws and regulations, Shareholder directives and provisions of the Articles of Association that regulate the duties and responsibilities of the Board of Commissioners and the Board of Directors. This Work Guideline aims to enable the Board of Commissioners and the Board of Directors to better understand their rights and obligations, duties and responsibilities and regulations related to the work procedures of the Board of Commissioners and the Board of Directors.

Functions and Duties of the Board of Commissioners

  1. Oversee internal management systems and policies and management;
  2. Developing good Corporate Governance practices and ensuring their proper implementation at all levels within the Company and making adjustments when necessary;
  3. Supervise the management of the Company by the Board of Directors and ensure that the Board of Directors has taken into account the interests of the Shareholders.
  4. Form an Audit Committee and other committees if deemed necessary and evaluate the performance of these committees at the end of each financial year.
  5. Holding annual GMS and other GMS in accordance with its authority as regulated in laws and regulations and articles of association.

Board of Directors Charter

In carrying out its duties and responsibilities, the Board of Directors has a guideline in the form of a Working Guideline (Charter) which includes the principles of corporate law, applicable laws and regulations, Shareholder directives and provisions of the Articles of Association that regulate the duties and responsibilities of the Board of Directors. This Working Guideline aims to enable the Board of Directors to run the Company efficiently, effectively, transparently, competently, independently, and responsibly so that it is acceptable to all interested parties and in accordance with applicable laws and regulations in Indonesia.

  1. Carrying out management of the Company in accordance with its authority and responsibilities as stated in the Company’s Articles of Association, including holding Annual GMS and other GMS.
  2. Representing the Company in and out of court.
  3. Manage and coordinate all Company activities.
  4. Establish strategies and various policies that are in line with the Company’s vision and mission.
  5. Ensure the availability of accurate, relevant and timely data and information to the Board of Commissioners.
  6. Implementing the principles of good corporate governance in all of the Company’s business activities.
  7. Providing direction and coordinating the Company’s operational activities, including land acquisition, development implementation and estate management.
  8. Ensuring the availability of funds to support all of the Company’s business activities through handling financial planning, management and reporting effectively, efficiently and reliably.
  9. Forming a Committee to support effectiveness and responsibility and conducting an evaluation of the Committee’s performance at the end of each financial year.
  10. Carry out duties in good faith, with full responsibility and caution while still complying with applicable laws and regulations.

In order to improve the implementation of good corporate governance principles within the Company, particularly regarding the transparency of the nomination and remuneration process, the Company has established the function of the Nomination and Remuneration Committee. In accordance with POJK No. 34/POJK.04/2014, the Nomination and Remuneration Committee assists in the implementation of the functions and duties of the Board of Commissioners related to the Nomination and Remuneration of members of the Board of Directors and members of the Board of Commissioners. This function is currently managed by the Nomination and Remuneration Committee under the Company’s Board of Commissioners.

Internal Audit Unit Charter

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Audit Committee Charter

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