The Audit Committee was established to assist the BOC in supervising the Company, especially in supporting the BOC in carrying out its functions and duties as well as in complying with Limited Liability Company Law No. 40 Year 2007 Article 121 and Financial Institution Supervisory Board Decision No. Kep-643/BL/2012 dated December 7, 2012 as amended by OJK Regulation No. 55/POJK.04/2015 dated December 23, 2015 regarding the Establishment and Implementation Guidelines of Audit Committee.
The Audit Committee has a strategic role in monitoring the effectiveness of the internal control function and in liaising with Internal Audit and external auditors. The Audit Committee is fully authorized to carry out its tasks to access records, data and information about employees, funds, assets and other Company resources. The Audit Committee reports to the BOC on its task completion, according to the Audit Committee Charter.
Structure and Membership
Members of the Audit Committee are chosen by the BOC based on the criteria of independence, expertise, experience and integrity, as required in the regulations. BOC Decision No. 002/Dekom-MPPA/V/2014 dated May 23, 2014 and letter to OJK No. 043/VI/2014/CSExt dated June 5, 2014 with a tenure period from the closing of AGMS until the AGMS for Fiscal Year 2016 which will be held in 2017, conforming to the tenure of the BOC, as follows:
Chairman: William Travis Saucer
Member: Ganesh Chander Grover
Member: Utomo Santoso