Board of Commissioners

The Board of Commissioners is required to hold a meeting of the board of commissioners at least 1 (one) time every year every 6 (six) months. During 2021, the Board of Commissioners held meetings which were all fully attended by the Board of Commissioners. Throughout 2021, the Board of Commissioners has carried out its duties, including holding meetings related to discussing issues related to the Company's management and evaluating the Company's performance.

In addition to recommending the implementation of the principles of Good Corporate Governance, the Board of Commissioners is also actively seeking new opportunities in order to develop the Company's business.

The duties, responsibilities and authorities of the Company's Board of Commissioners as set out in POJK No. 33/2014 are as follows:

1. The Board of Commissioners is in charge of supervising and responsible for supervising management policies, the general course of management, both regarding the Public Company and the business the Public Company, and also  providing advice to the Board of Directors.
2. Under certain conditions, the Board of Commissioners is required to hold an Annual General Shareholders Meeting and other General Shareholders Meeting in accordance with its authority as stipulated in the laws and regulations and the articles of association.
3. Members of the Board of Commissioners are required to carry out the duties and responsibilities as referred to in paragraph (1) in good faith, full of responsibility and prudence.
4. In order to support the effectiveness of the implementation of its duties and responsibilities as referred to in paragraph (1), the Board of Commissioners is required to form an Audit Committee and may form other committees.
5. The Board of Commissioners is required to evaluate the performance of the committees that assist in the implementation of their duties and responsibilities as referred to in paragraph (4) at the end of each financial year.

Board of Directors

The Board of Directors of the Company is required to hold a board of directors meeting at least 1 (once) every 6 (six) months. During 2021, the Board of Directors of the Company held meetings which were all fully attended by the Board of Directors.

The duties, responsibilities and authorities of the Board of Directors as referred to in POJK No. 33/2014 are as follows:

1. The Board of Directors is in charge and responsible for the management of the Public Company for the benefit of the Public Company in accordance with the purposes and objectives of the Public Company as stipulated in the articles of association.
2. In carrying out the duties and responsibilities for the management as referred to in paragraph (1), the Board of Directors is required to hold an Annual General Shareholder Meeting and other General Shareholder Meeting as stipulated in the laws and regulations and the articles of association.
3. Each member of the Board of Directors is required to carry out the duties and responsibilities as referred to in paragraph (1) in good faith, full of responsibility and prudence.
4. In order to support the effectiveness of the implementation of duties and responsibilities as referred to in paragraph (1), the Board of Directors may form a committee.
5. In the event that a committee as referred to in paragraph (4) is formed, the Board of Directors is required to evaluate the performance of the committee at the end of each financial year.