Nomination & Remuneration Committee

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The Function of Nomination & Remuneration Committee

In order to support the effectiveness of the performance of the Board of Commissioners, especially in carrying out the supervisory function of company management by the Board of Directors in order to achieve the Company’s objectives in accordance with the principles of good corporate governance, the Company has the function of the Nomination and Remuneration.


Pursuant to the Decree of the Board of Commissioners of PT Petrindo Jaya Kreasi (the Company) No. 001/PJK/KOM/X/2022 concerning Guidelines for the Nomination and Remuneration Function of the Company, the Board of Commissioners does not establish a Nomination and Remuneration Committee. The function of Nomination and Remuneration is fully carried out by the Company’s Board of Commissioners.

The function of the Nomination in the Company is to propose someone to be appointed as a member of the Board of Directors or a member of the Board of Commissioners. Meanwhile, the function of the remuneration carried out by the Company is a policy of determining and giving rewards to members of the Board of Directors and members of the Board of Commissioners based on the position and roles assigned, in accordance with the duties, responsibilities, and authorities of members of the Board of Directors and members of the Board of Commissioners.

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Duties and Responsibilities Related to Nomination Function

In carrying out the function of the Nomination, the Board of Commissioners is required to carry out the following procedures:

  1. Prepare the composition and nomination process of members of the Board of Directors and/or members of the Board of Commissioners of the Company;
  2. Develop policies and criteria needed in the nomination process for candidates for members of the Board of Directors and/or members of the Board of Commissioners;
  3. Assist in the evaluation of the performance of members of the Board of Directors and/or members of the Board of Commissioners;
  4. Compose a capacity development program for members of the Board of Directors and/or members of the Board of Commissioners;
  5. Review and propose candidates who meet the requirements as members of the Board of Directors and/or members of the Board of Commissioners to the Board of Commissioners to be submitted to the General Meeting of Shareholders.
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Duties and Responsibilities Related to the Remuneration Function

In carrying out the function of the Remuneration, the Board of Commissioners is required to carry out the following procedures:

  1. Develop a remuneration structure for members of the Board of Directors and/or members of the Board of Commissioners which can be in the form of fixed and/or variable salaries, honoraria, incentives, and/or allowances;
  2. Compile policies on remuneration for members of the Board of Directors and/or members of the Board of Commissioners; and
  3. Arrange the amount of Remuneration for members of the Board of Directors and/or members of the Board of Commissioners.

 

The development of the structure, policy and amount of Remuneration as referred to must pay attention to:

  1. The remuneration applicable to the industry is in accordance with the business activities of similar companies and the business scale in the industry;
  2. The duties, responsibilities and authorities of members of the Board of Directors and/or members of the Board of Commissioners are related to the achievement of the goals and performance of the Company;
  3. The achievement of targets or performance of each member of the Board of Directors and/or member of the Board of Commissioners; and
  4. The balance between fixed and variable benefits.
 

Guidelines for Nomination Committee Functions And Remuneration

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