Corporate Governance

Board of Commissioners

Through independent and ongoing oversight, the Board of Commissioners ensures that the Company’s management and strategic direction are conducted with prudence, regulatory compliance, and strong governance principles, thereby reinforcing accountability and enhancing trust among stakeholders.

Commissioners

Legal Basis for AppointmentThe establishment and appointment of the Company’s Board of Commissioners are governed by Law of the Republic of Indonesia No. 40 of 2007 on Limited Liability Companies, as well as Financial Services Authority Regulation No. 33/POJK.04/2014 concerning the Board of Directors and Board of Commissioners of Public Companies.Meetings of CommissionerMeetings of the Board of Commissioners may be convened at any time if deemed necessary, upon the request of one or more members of the Board of Commissioners, provided that the matters to be discussed are clearly specified. To ensure orderly and effective governance, the Board of Commissioners also establishes a regular meeting schedule.Scheduled meetings of the Board of Commissioners include:  Meetings of the Board of Commissioners, held at least once every two (2) months; and Joint meetings between the Board of Commissioners and the Board of Directors, held at least once every four (4) months. A meeting of the Board of Commissioners is deemed valid and authorized to adopt binding resolutions if more than one-half (½) of the total members of the Board of Commissioners are present or duly represented.

Board of Directors

The Board of Directors collectively holds responsibility for managing and representing the Company in and out of court. In carrying out its duties, the Board prioritizes the Company’s interests in line with its objectives, while ensuring compliance with the Articles of Association and applicable regulations. The Board is accountable to the General Meeting of Shareholders, reflecting its commitment to accountability and the principles of good corporate governance.

Directors

Legal Basis for Appointment The establishment and appointment of the Company’s Board of Directors are governed by Law of the Republic of Indonesia No. 40 of 2007 on Limited Liability Companies, as well as Financial Services Authority Regulation No. 33/POJK.04/2014 concerning the Board of Directors and Board of Commissioners of Public Companies.Meetings of DirectorMeetings of the Board of Directors may be convened at any time, as deemed necessary, upon the request of one or more members of the Board of Directors or at the request of the Board of Commissioners, with the proposed agenda clearly specified. To ensure orderly and effective governance, the Board of Directors also establishes a regular meeting schedule.The Board of Directors holds scheduled meetings comprising:  Board of Directors meetings, convened at least once every month; and Joint meetings with the Board of Commissioners, held at least once every four months. A meeting of the Board of Directors is deemed valid and empowered to adopt binding resolutions when attended by more than one-half of the total members of the Board of Directors.

Audit Committee

Our committee are composed of professionals with dedicated expertise to support strong corporate governance. Through their respective roles, the committees promote transparency, accountability, and effective oversight across key areas including finance, risk management,  and sustainability.

Committee

Basis for the Establishment of the Audit Committee The appointment and dismissal of Audit Committee members are determined by the Board of Commissioners in accordance with applicable regulations.Statement of IndependenceAll members of the Audit Committee are…  Committed to upholding the principles of good corporate governance by performing their duties with objectivity, professionalism, and independence. The Audit Committee exercises sound judgment free from undue influence, pressure, or intervention from any party, and actively avoids any actual or potential conflicts of interest. Furthermore, all Audit Committee members have no affiliation—whether through family ties or business relationships—with members of the Board of Commissioners, the Board of Directors, or the Company’s Principal and/or Controlling Shareholders.

Corporate Secretary

The Corporate Secretary serves as a key supporting function to the Board of Directors and reports directly to it, providing strategic support in upholding the Company’s compliance with applicable capital market regulations, ensuring the integrity and timeliness of corporate disclosures, and acting as the primary liaison between the Company, its shareholders, regulators, and other external stakeholders.

Corporate Secretary

Basis for the Appointment of the Corporate Secretary The appointment of the Corporate Secretary is undertaken in compliance with applicable capital market regulations and as an integral part of the Company’s commitment to implementing sound corporate governance practices. Appointed by and accountable to the Board of Directors, the Corporate Secretary supports the Board in ensuring regulatory compliance, timely disclosure of information, and effective communication with the Financial Services Authority, shareholders, and other relevant stakeholders, thereby reinforcing transparency, accountability, and sustainable corporate management.Duties & Responsibilities of Corporate Secretary Monitoring developments in capital market regulations and ensuring the Company’s sustained compliance as part of its commitment to responsible and sustainable governance. Providing strategic advice to the Board of Directors and the Board of Commissioners to strengthen regulatory compliance, transparency, and corporate accountability. Supporting the implementation of good corporate governance through: Managing timely, accurate, and accessible public disclosures; Ensuring punctual and responsible reporting to the Financial Services Authority (OJK); Organizing and documenting General Meetings of Shareholders as well as meetings of the Board of Directors and/or the Board of Commissioners in an orderly and transparent manner; Facilitating orientation programs for newly appointed members of the Board of Directors and/or the Board of Commissioners to ensure governance continuity. Acting as a key liaison between the Company, shareholders, regulators, and other stakeholders to promote constructive, transparent, and sustainable engagement.

Internal Audit

Internal Audit serves as an independent and objective function supporting the Board of Directors by providing assurance and advisory services that add value to the Company. Through a systematic and disciplined approach, Internal Audit assists the organization in achieving its strategic objectives by evaluating and enhancing the effectiveness of internal controls, corporate governance practices, and risk management on an ongoing basis.

Internal Audit

Basis for the Appointment Head of Internal Audit The establishment and appointment of the Internal Audit function are carried out by the Board of Directors with the approval of the Board of Commissioners, in accordance with applicable capital market regulations. The Internal Audit function is established to support the implementation of good corporate governance by providing independent and objective assurance, and to enhance the effectiveness of the Company’s internal controls, risk management, and regulatory compliance.Duties & Responsibilities of Internal Audit Developing and executing a risk-based Annual Audit Plan. Assessing the adequacy and effectiveness of the Company’s internal control systems and compliance with internal policies. Conducting independent evaluations of efficiency and effectiveness across financial, operational, information technology, and other key business activities. Providing objective insights and constructive recommendations to management at all levels. Preparing and submitting audit reports to the Board of Directors and the Board of Commissioners. Monitoring and reporting on the implementation of agreed corrective actions to ensure continuous improvement. Working closely and collaboratively with the Audit Committee in fulfilling oversight responsibilities. Implementing quality assurance and continuous improvement programs for internal audit activities. Performing special audits as required in response to specific circumstances or management requests.Internal Audit CharterThe Internal Audit has an Internal Audit Charter as a work guidelines in carrying out its duties. Internal Audit Charter was last updated on 24 September 2018 and is evaluated annually to comply with the latest applicable regulations.