Governance

The Implementation of Board of Commissioners’ Duties

The Board of Commissioners has carried out its functions, duties, and responsibilities with the following details:

1. Holding six Board of Commissioners’ meetings;
2. Holding three joint meetings of Board of Commissioners and Board of Directors;
3. Attending three Board of Directors’ meetings;
4. Attending meetings held by committees under the Board of Commissioners;
5. Through the Audit Committee, evaluating the performance of Public Accounting Firm “Tanudiredja, Wibisana, Rintis & Partner”, member of PricewaterhouseCoopers, that audited the Company’s books for the financial year 2021;
6. Proposing and giving recommendations of the appointment of the Public Accounting Firm “Tanudiredja, Wibisana, Rintis & Partner”, member of PricewaterhouseCoopers, to audit the Company’s books for the financial year 2022;
7. Approving the Company’s 2023 operations plan;
8. Monitoring the findings/recommendations from the Audit Committee and their follow-ups by the Board of Directors;
9. Providing directions and advice to the Board of Directors especially related to the Company’s performance;
10. Revisit of Board of Commissioners Charter to comply with the latest regulation and GCG rules;
11. Approving of the Board of Directors proposal regarding to appointment of Internal Audit Manager.

Board of Commissioners Orientation Program

Members of the Board of Commissioners, who are appointed for the first time, shall be given an orientation/
introduction program on the Company. This program is intended to provide understanding on the vision, mission, and values of the Company, code of conduct and behavior, organizational structure, and board manual and charter of the Board of Commissioners.
The Company organized an orientation program for one new member of the Board of Commissioners in 2022,
namely René Samir Aldach on 25 May 2022.

The Board of Commissioners Competency Enhancement

In order to support the Board of Commissioners in performing its duties and responsibilities, Indocement provides opportunities for members of the Board of Commissioners to attend training and competence development programs, organized by parties either internal or external to the Company.
Throughout 2022, members of the Board of Commissioners attended the following training and competence development programs: