To support implementation of Company’s management, Board of Directors is supported by committees designated to handle a specific responsibilities namely Risk Management Committee, Asset and Liability Committee, and Credit Committee.
As a form of the Company’s seriousness in realizing the implementation of Good Corporate Governance (“GCG”) principles in all aspects of the company’s business operations, the Board of Directors established a special committee that is assigned to oversee matters relating to the implementation of GCG, namely the Company’s GCG Committee and GCG Team.
Legal Basis
The existence and establishment of the GCG Committee and GCG Team refer to the Board of Directors Decree No. 06/SKD/DIR/I/2017 on Supporting Organizational Structure of Good Corporate Governance (GCG), with due regard to the applicable laws and regulations.
Duties and Responsibilities
Referring to the Corporate Governance Policy that serves as a Work Guidelines for the GCG Committee and GCG Team, the following are several duties and responsibilities that must be carried out by the Company’s GCG Committee and GCG Team, among others:
GCG Committee
GCG Team
Membership Composition of the GCG Committee
Membership of the Company’s GCG Committee consists of 8 (eight) people and is led by a Chairperson who concurrently serves as the Company’s Director. Meanwhile, other committee members are division heads who serve in the Company The term of the Company’s GCG Committee and GCG Team will end in February 2020. The following is the membership structure of the Company’s GCG Committee, valid until 31 December 2019:
The Board of Directors established the Risk Management Committee to assist the implementation of the Board of Directors’ duties in managing the Company’s risks. The Risk Management Committee applies various risk management approaches in accordance with the applicable guidelines and provisions to minimize the impact of risks on the Company’s business and operational activities.
Legal Basis
The existence and establishment of the Company’s Risk Management Committee refers to Board of Directors Decree No.03/SKD/DIR/1/2017 on the Ratification of The Risk management Committee.
Duties and Responsibilities
As stated in the Decree of the Board of Directors No. 03/SKD/DIR/I/2017 dated 6 January 2017, the following are the duties and responsibilities that must be carried out by the Company’s Risk Management Committee:
ASSETS AND LIABILITIES MANAGEMENT COMMITTEE
The Assets and Liabilities Management Committee (ALCO) is one of the committees under the Board of Directors and is tasked with managing the Company’s assets and liabilities in accordance with the applicable laws and regulations in order to optimize business and operational activities.
Legal Basis
The existence and establishment of the Company’s ALCO Committee refers to Board of Directors Decree No.02/SKD/DIR/1/2017 on the Ratification of the Assets Liabilities Management Committee.
Duties and Responsibilities
The following are the duties and responsibilities of the ALCO Committee as stipulated in the Decree of the Board of Directors No. 02/SKD/DIR/2017, among others are as follows:
CREDIT COMMITTEE
The Company’s Credit Committee is in charge of assisting the Board of Directors in providing recommendations relating to decision making on the distribution of financing by Company. The Credit Committee supervises the Company financing portfolio in accordance with the relevant guidelines and legislation to ensure optimization and minimize the risk of financing disbursement carried out by the Company.
Legal Basis
The existence and establishment of the Company’s Credit Committee refers to the Board of Directors’ Decree No. 006/SKD/DIR/III/2019 dated March 11, 2019 concerning Changes to the Credit Committee Structure.
Duties and Responsibilities
The duties and responsibilities of the Credit Committee are stipulated in the Decree of the Board of Directors No. 07A/SKD/DIR/III/2017 dated 20 March 2017, among others: