Corporate Governance

In line with the Company's efforts to enhance the value of strong internal governance and improve operations, an Internal Audit Unit was formed, following POJK 56/2015. The Corporate Internal Audit structure is as follows: 1. Internal Audit Chairman is appointed and dismissed directly by the President Director with the Board of Commissioners approval, and therefore, is directly responsible to the President Director. 2. The Internal Audit has main task to create and submit audit report concerning the implementation of management decision, either one that has been done, is being done, or has not carried out, to the President Director and the Board of Commissioners. 3. In the execution of its duties, the Internal Audit coordinates and cooperates with the Audit Committee. Internal Audit Charter In accordance with the Bapepam-LK Chairman's Decree No. KEP-496/BL/2008 dated 28 November 2008 on Establishment of Internal Audit Unit and Internal Audit Charter Preparation Guideline, the Company has prepared Internal Audit Charter in 2013. The Internal Audit Charter outlines the Internal Audit Unit's structure and position, duties and responsibilities, roles, authorities, code of conduct, competency, independency, accountability and work relations.