Audit Committee

The Audit Committee and Corporate Governance Policy have the duty to assist the Board of Commissioners in actualizing the system and implementation of competent and independent supervision in the Company, including but not limited to the following:

  1. Assist the Board of Commissioners to ensure and conduct an analysis of the internal control system effectiveness and the implementation effectiveness as well as the external and internal auditor;
  2. Conduct an assessment of activities and the results of the audit carried out by the internal audit function / Internal Audit Unit and external auditor;
  3. Provide recommendations regarding refinement of management control systems;
  4. Ensure that there are satisfactory procedures for all of the information released by the Company;
  5. Arrange the Audit Committee Charter and Corporate Governance Policy and update them from time to time in accordance with the business development and the Company needs; and
  6. Review, periodically reviewing the principles and requirements of applicable Corporate Governance in the Company and ensure that the principles and requirements are still relevant and have been fully implemented in the Company.

Audit Committee of the Company’s duties and responsibilities:

  1. Reviewing the financial information that will be released by the Company to public and / or authorities, including financial statements, projections, and other reports related to the Company's financial information.
  2. Reviewing the Company's obedience with the laws and regulations in the Capital Market sector and laws and regulations as well as other provisions relating to the Company's business activities.
  3. Provide independent opinion in terms of disagreements between management and accountants for provided services.
  4. Provide recommendations to the Board of Commissioners regarding the appointment of the Public Accountant Office, which is based on independency, scope of assignment, and service fee.
  5. Reviewing the implementation of the audit by the internal auditor and supervising the follow-up actions by the Board of Directors on the findings of the internal auditor.
  6. Reviewing the risk management implementation activities carried out by the Board of Directors, if the Company does not have a risk monitoring function under the Board of Commissioners.
  7. Review and report to the Board of Commissioners on complaints related to the accounting process and Company’s financial reporting.
  8. Review and provide advice to the Board of Commissioners regarding the potential conflict of Company’s interest.
  9. Maintain the confidentiality of the Company's documents, data and information.

Audit Committee of the Company’s Authority:

  1. Accessing Company's documents, data and information about employees, funds, assets, and Company resources needed.
  2. Able to communicate directly with employees, including the Board of Directors and parties who carry out the functions of internal audit, risk management, and accountants regarding the duties and responsibilities of the Audit Committee.
  3. If needed, it can involve independent parties outside the Audit Committee members who are needed to assist in the implementation of their duties.
  4. Perform other authorities granted by the Board of Commissioners.

Indonesian citizen. She has served as an Independent Commissioner of the Company since 2018. Currently she is the President Director at PT Interkayu Nusantara (2005-present) and President Director at PT Pratama Abadi Nusa Industri (2000-present). Previously served as Director of PT Bali Indonesia Food (2009-2011), International Marketing at Yapi Bank AG Credit, Germany (2002-2011), Director at PT National Food Packers (1999-2009), Deputy Director at PT Blambangan Food Packers Indonesia (1999-2009), Finance Manager at PT Putera Darma (1999-2009). She holds a Bachelor degree in Business Study from the University of Hertfordshire, England in 1998.
Indonesian citizen, currently 47 years old. Currently serves as Academic Staff at Gadjah Mada University (1994-present), Chair of the Audit Committee at PT Pertamina Patra Niaga (2016-present), Commissioner at PT Pertamina Patra Niaga (2016-present), and Commissioner at PT Gamatechno Indonesia (2007 -present). Previously he had served in various educational and institutional positions at Gadjah Mada University. He holds a Doctor of Business Administration degree from Curtin University of Technology, Australia in 2003, Master of Commerce from the University of New South Wales, Australia in 1999, and a Bachelor of Accounting from Gadjah Mada University, Indonesia in 1993.
Indonesian citizen, currently 68 years old. He currently serves as a Partner at KAP Maksum, Suyamto and Hirdjan (2002-present). Previously he has served as Chancellor of the Head of the Faculty of Economics and Business, University of Pancasila (1997-2018), Head of KAP Hirdjan Syafi'i Ak., M.M. (1992-2002), Head of the Academic and Student Administration Bureau at the Indonesian Economic College (STEI) (1978-1997), and Head of the Intermediary Financial Analysis Subdivision (1977-1987). He holds a Masters in Management from Gadjah Mada University, Indonesia in 1990 and a Bachelor degree from the Faculty of Economics and Business, Gadjah Mada University in 1977.