Audit Committee
In supporting the implementation of GCG, the Company has formed an Audit Committee tasked with assisting the Board of Commissioners based on the Decree of the Board of Commissioners No. 017/CO/KSI/IX/2024 concerning the Appointment of Audit Committee Officials.
The main task of the Audit Committee is to encourage the implementation of GCG, the formation of an adequate internal control structure, improve the quality of transparency and financial reporting and review the scope, accuracy, independence and objectivity of public accountants. The Audit Committee is responsible to the Board of Commissioners.
The duties and responsibilities of the Audit Committee are as follows:
- reviewing financial information to be released by the Company to the public and/or authorities, including financial reports, projections, and other reports related to the Company’s financial information;
- reviewing compliance with the provisions of laws and regulations related to the Company’s activities;
- providing independent opinions in the event of differences of opinion between management and accountants regarding the services provided;
- providing recommendations to the Board of Commissioners regarding the appointment of accountants based on independence, scope of assignment, and service fees;
- reviewing the implementation of audits by internal auditors and supervising the implementation of follow-up actions by the Board of Directors on the findings of internal auditors;
- reviewing risk management implementation activities carried out by the Board of Directors;
- reviewing complaints related to the accounting process and financial reporting Company;
- review and provide advice to the Board of Commissioners regarding potential conflicts of interest of the Company; and
- maintain the confidentiality of documents, data and information of the Company.
The description of the authority of the Audit Committee as stated in the Audit Committee Charter dated September 6, 2024.
Authorities of the Audit Committee:
- The Audit Committee is authorized to have full, free and unlimited access to records, employees, funds, assets and other resources of the Company related to the implementation of its duties.
- Communicate directly with employees, including the Board of Directors and parties carrying out internal audit functions, risk management, and Accountants regarding the duties and responsibilities of the Audit Committee;
- Involve independent parties outside the members of the Audit Committee as needed to assist in the implementation of its duties (if necessary); and
- Exercising other powers granted by the Board of Commissioners.
The Audit Committee is chaired by an Independent Commissioner and two professional members who all come from outside the Company (independent). This has fulfilled the provisions in the Decree of the Chairman of the Capital Market Supervisory Agency No. Kep-29/PM/2004 concerning the Establishment and Guidelines for the Implementation of the Work of the Audit Committee.
As of September 6, 2024, the composition of the Audit Committee consists of:
Krishnan Rabindra Sjarif
Independent Commissioner
Indonesian citizen, 64 years old, domiciled in Jakarta.
He completed his education at the University of San Francisco, USA in 1987 with a Master of Business Administration (MBA) in Finance & Marketing. After previously obtaining a Bachelor of Science (BSc) degree from the University of New South Wales, Sydney, Australia, in 1983.
His career began as a Sales Representative at PT Dos Ni Roha from 1984 to 1986, then he served as Team Leader at Bank of America Jakarta from 1988 to 1992. After that he served as Corporate Treasurer at PT Enseval from 1992 to 1995, and became President Director at PT Tri Sapta Jaya from 1994 to 1996, and acted as Managing Director at PT Enseval Putera Megatrading from 1995 to 1996. His career continued to serve as President Director at PT Asuransi Mitra Maparya and President Commissioner at PT Asuransi AXA Indonesia from 1996 to 2012, as Commissioner at PT Panca Muara Jaya, the Company, and PT Mitsubishi UFJ Lease Indonesia from 1997 to 2012, as President Commissioner at PT Karya Cantika Kusuma from 2002 to 2017, and from 2001 to 2004 he served as a Member of the Indonesian Real Estate Financing/Banking Compartment, then he served as Chairman of the Indonesian Real Estate Capital Market Compartment from 2004 to 2007. Furthermore, from 2008 to 2019 he served as Commissioner at PT Putra Alvita Pratama, as Deputy Chairman of the Permanent Committee for Housing Area Development at KADIN from 2009 to 2010, as Chairman of the PPH, PBB & BPHTB in Real Estate Indonesia from 2010 to 2013, and he served as President Director at PT Asuransi Mitra Pelindung Mustika from 2012 to 2014, as Commissioner at PT Asuransi FPG Indonesia (Indrapura) from 2012 to 2015, as Director at PT Jaya Fuji Leasing Pratama from 2014 to 2019.
His career also includes being a Commissioner at PT Cahaya Graha Lestari since 2005. Starting in 2007, he held the position of Commissioner at PT Surya Graha Karya Prima and PT Mahardhika Propertindo since 2008. And since 2015 he has started leading as President Director of PT Anugrah Samadhi Asthani since 2015, PT Karya Cantika Kusuma since 2017, and PT Kahuripan Raya since 2021. And he has served as Director at PT Putra Alvita Pratama since 2022. And currently he also serves as Independent Commissioner of the Company since 2024.
Erena E Helling
Member Audit Committee
Indonesian citizen, 37 years old, domiciled in Jakarta
He has completed his education at Supra International School of Business with a Bachelor’s degree in Accounting and Management.
He began his career at PT Inti Gelora Andamari in 2008 as Finance Accounting Staff. Until then he served as Finance Supervisor and continued by serving as Finance Assistant Manager at the same company from 2012 to 2017, and since 2023 he has served as Finance Manager. Since 2024 he has served as the Audit Committee at the Company.
Serly Nayoan
Member Audit Committee
Indonesian citizen, domiciled in Jakarta
He completed his education at the Indonesian Business and Informatics Institute (IBII) with a Master’s degree, after previously obtaining a Bachelor’s degree at the Kalbis Institute.
His career began at PT Kalbe Farma Tbk in 2008 as Corporate Internal Audit Supervisor. Then he served as Corporate Internal Audit Senior Supervisor in 2013 until he served as Corporate Internal Audit Manager in 2018 at PT Kalbe Farma Tbk. Then he served as Risk Advisory and Development in 2019 at the same company.
His career also includes being a Corporate Internal Audit Senior Manager since 2020 at Dana Pensiun Kalbe Farma and starting in 2021 serving as Internal Audit at the same company. Also serving as Internal Audit at PT Sanghiang Perkasa and Member of the Audit Committee at the Company since 2024.
All members of the Audit Committee have met the criteria of independence, professionalism and integrity, in accordance with applicable laws and regulations.