GOOD CORPORATE GOVERNANCE

Audit Committee

The Audit Committee was established to support the effectiveness of the oversight function of the Board of Commissioners. In this regard, the Audit Committee was established based on OJK’s Regulation No. 55/POJK.04/2015, dated 29 December 2015, regarding the Establishment and Guidelines for the Work of Audit Committees, and the Indonesia Stocks Exchange – pertaining the integrity of financial report, risk management and internal control; compliance with legal and regulatory requirements; the external auditor’s performance, qualifications and independence; and the performance of the internal audit function. The Audit Committee functioned independently. The Audit Committee members are appointed and dismissed by the Board of Commissioners and are accountable to it.

Audit Committee Membership Structure

The Audit Committee consists of a Chairman whom also act as an Independent Vice President Commissioner of the Company and two Committee members. The current composition of the Audit Committee is based on the Resolution of the Board of Commissioners of the Company (No. SK-DK/107/KA/MAPI/0824), effective as of 26th August 2024.

Profile of Audit Committee

G.B.P.H. H. Prabukusumo, S.Psi
(Chairman)

G.B.P.H. H. Prabukusumo, S.Psi serves as the Chairman of the Audit Committee, based on the Board of Commissioners Decree Number: SK-DK/107/KA/MAPI/0824, dated 26th August 2024. He is currently serving his first term, for the 2024-2026 period. His full profile can be found in the Board of Commissioners Profile section of this Annual Report.

Suwandi
(Member)

Indonesian citizen, born on 6th April 1978 (47 years old). Suwandi serves as a member of the Audit Committee based on Board of Commissioners Decree Number: SK-DK/107/ KA/MAPI/0824.

He earned his Bachelor’s degree from Faculty of Economics, majoring in Accounting in 2000 from Tarumanegara University. Previously, he garnered extensive experience, serving as an Auditor in KAP Drs. Arsyad & Co from 2001 to 2005, and subsequently as a Professional Accounting and Tax Consulting from 2005 to the present. He does not have concurrent positions within the Company but holds a concurrent position as an Audit Committee member in one of the Group companies.

Riono Trisongko
(Member)

Indonesian citizen, born on 16th January 1959 (66 years old). Riono Trisongko serves as a member of the Audit Committee based on Board of Commissioners Decree Number: SK- DK/107/KA/MAPI/0824.

He obtained a Diploma in Accounting in 1988 and currently does not have multiple positions in the Company.

Independence of the Audit Committee

The Company upholds the principle of independence in appointing the Audit Committee. Members of the Audit Committee are selected from independent professionals who possess integrity, experience, competence, and the capacity to provide recommendations to the Board of Commissioners in a professional and objective manner. Each member of the Audit Committee is committed and empowered to fulfill their duties effectively and independently.

Audit Committee Charter

The Audit Committee Charter is a working guideline prepared based on POJK No. 55/ POJK.04/2015 dated December 23rd, 2015, concerning the Establishment and Guidelines for the Implementation of the Audit Committee’s Work. The Board of Commissioners

Charter of The Audit Committee