Governance

The Implementation of Board of Commissioners’ Duties

The Board of Commissioners has carried out its functions, duties, and responsibilities with the following details:

1. Held six of the Board of Commissioners’ meetings;
2. Held three joint meetings of the Board of Commissioners and the Board of Directors;
3. Attended three of the Board of Directors’ meetings;
4. Attended meetings held by committees under the Board of Commissioners;
5. Through the Audit Committee, evaluated the performance of Public Accounting Firm “Tanudiredja, Wibisana, Rintis & Rekan”, member of PricewaterhouseCoopers, that audited the Company’s books for the financial year 2022;
6. Proposed and contributed recommendations of the appointment of Public Accounting Firm “Tanudiredja, Wibisana, Rintis & Rekan”, member of PricewaterhouseCoopers and Lukmanul Arsyad as the Public Accountant or other partners appointed to audit the Company’s books for the financial year 2023;
7. Granted approval for the acquisition of PT Semen Grobogan;
8. Made changes to the composition of the Nomination and Remuneration Committee to be as follows:
   a. Chairman: Simon Subrata
   b. Members: Kevin Gerard Gluskie, Yulius Hadi Wijaya
9. Approved the Company’s 2024 operations plan;
10. Monitored the findings/recommendations from the Audit Committee and their follow-ups by the Board of Directors;
11. Provided directions and advised to the Board of Directors, especially related to the Company’s performance.

Board of Commissioners Orientation Program

Members of the Board of Commissioners, who are appointed for the first time, shall be given an orientation/
introduction program on the Company. This program is intended to provide understanding on the vision, mission, and values of the Company, code of conduct and behavior, organizational structure, and board manual and charter of the Board of Commissioners. Based on the Resolution of the Annual GMS held on 17 May 2023, The Company appointed F.X. Sutijastoto as member of the Board of Commissioners. Considering this, the Company
organized an introduction program (orientation) of the company.

The Board of Commissioners Competency Enhancement

In order to support the Board of Commissioners in performing its duties and responsibilities, Indocement provides opportunities for members of the Board of Commissioners to attend training and competence development programs, organized by parties either internal or external to the Company.
Throughout 2023, members of the Board of Commissioners attended the following training and competence development programs: