About

Board of Commissioners

The Board of Commissioners (“BOC”) is an organ of the Company that supervises the Board of Directors (“BOD”) policies and advises the BOD in exercising its management duties.

The BOC works in accordance with the Company’s Board of Commissioner Charter and the Code of Conduct. The BOC Charter sets out the binding guidelines for every BOC member to perform their duties and responsibilities effectively and in accordance with good corporate governance principles.

In general, the main duties of the BOD are as follows:

  • Overseeing management policies and executions as well as providing advice to the BOD;
  • Establishing any committees to support the effectiveness of their duties execution as well as evaluating the performance of each committee;
  • Holding Annual General Meeting (“AGM”)and General Meeting of Shareholders  (“GMS”) in accordance with the Company’s Articles of Association as well as prevailing laws and regulations; and
  • Taking over the management of the Company temporarily in the case the Company has no BOD members.

Based on Articles of Association, the BOC shall consists of at least 3 members, whose appointment and dismissal are carried out through the GMS . The term of the BOC shall end at the closing of the fifth AGM after the date of the appointment.

As resolved at the AGM on 9 June 2015, the BOC consists of 8 members who hold their position until 2020 AGM. Four of the BOC members are Independent Commissioners. This is in compliance with the regulations of the Financial and Services Authority (OJK) and Indonesia Stock Exchange, which require more than 30% of BOC members to be Independent Commissioners.

The members of BOC are as follow:

President Commissioner : Franky Oesman Widjaja
Vice President Commissioner : Muktar Widjaja
Vice President Commissioner : Budi Wijana
Commissioner : Rafael Buhay Concepcion, Jr.
Independent Commissioner : Prof. Dr. Teddy Pawitra
Independent Commissioner : Prof. Dr. Susiyati B. Hirawan
Independent Commissioner : Drs. Endro Agung Partoyo
Independent Commissioner : Hikmahanto Juwana, S.H.
  • Franky Oesman Widjaja

    President Commissioner

    Mr. Franky Oesman Widjaja, aged 59, an Indonesian citizen, was appointed as the President Commissioner at the Annual General Meeting of Shareholders (“AGM”) of the Company on 9 June 2015. He also serves as Nominating and Remuneration Committee member of the Company, as well as the President Commissioner of PT Dian Swastatika Sentosa Tbk and PT Plaza Indonesia Realty Tbk.

    He is active in several organisations. Currently, he sits as the Co-Chairman of Partnership for Indonesia Sustainable Agriculture (“PISAgro”); the Co-Chair of World Economic Forum (“WEF”): Grow Asia, and a member of WEF: Global Agenda Trustee for World Food Security and Agriculture Sector. He is also a Vice Chairman of the Indonesian Chamber of Commerce and Industry (“KADIN”) for Agribusiness, Food, and Forestry Sector; a member of the Advisory Board of the Indonesian Palm Oil Association (“GAPKI”); a member of the Advisory Board of the Indonesian Food Beverage Entrepreneurs Association (GAPMMI); a member of the Board of Advisors of the Indonesian Listed Companies Association (AEI); as well as a member of the Advisory Council of the Employers’ Association of Indonesia (APINDO).

    He attended various seminars, conferences, and national executive meeting during 2016, in his capacity as speaker or participant, i.e. the fifth International Conference on Oil Palm and Environment (ICOPE) regarding Sustainable Palm Oil and Climate Change: the Way Forward through Mitigation and Adaptation organised by PT SMART Tbk together with the Centre de Coopération Internationale en Recherche Agronomique pour le Développement (“CIRAD”) and World Wildlife Fund (“WWF”) Indonesia; a conference on Agro Value Chain Innovation to Support the Implementation of Financial Inclusion for Farmers held by KADIN, Indonesian Economics Graduates Association (“ISEI”) and PisAgro; the Third Annual Grow Asia Forum on Improving Agribusiness Sector Addressing the World’s Food Demand organised by WEF; KADIN National Executive Meeting regarding the Government, Together with the Business Community to Encourage the Acceleration of the Pace of Growth in the Real Sector; as well as “Yuk Nabung Saham” socialization with the Indonesia Stock Exchange (“IDX”).

    He earned his Bachelor of Commerce degree from Aoyama Gakuin University, Japan in 1979. He has extensive management and operational experiences, resulted from his involvements in various businesses, including pulp and paper, property, chemical, telecommunication, financial services and agribusiness. He was previously the President Director and the Vice President Director of PT SMART Tbk, and a member of the Board of Commisioners of PT Duta Pertiwi Tbk, PT Bumi Serpong Damai Tbk and PT Puradelta Lestari Tbk.

    Mr. Franky Oesman Widjaja is affiliated with Mr. Muktar Widjaja, the Vice President Commisisoner; PT Purimas Sasmita, the majority shareholder; and Golden Agri-Resources Ltd. (“GAR”), the controlling shareholder.

  • Muktar Widjaja

    Vice President Commissioner

    Mr. Muktar Widjaja, aged 62, an Indonesian citizen, was appointed as the Vice President Commissioner at the AGM of the Company on 9 June 2015. He also sits as the President Commissioner of PT Duta Pertiwi Tbk, PT Bumi Serpong Damai Tbk, and PT Puradelta Lestari Tbk.

    During 2016, he participated in a seminar on 2016 Market Outlook  presented by Bank Julius Baer & Co. Ltd. (Singapore) and held by PT Sinarmas Sekuritas; as well as a workshop on Real Estate Investment Trusts organised by the Jakarta Property Institute.

    He earned Bachelor of Commerce degree from Concordia University, Canada in 1976. He started working for his family’s business and later on he was involved in property business since 1986. During 1982 to 2008, he held some key positions in several companies in various businesses such as property, financial services, agriculture, chemical, as well as pulp and paper. He was the President Director of the Company, member of the Board of Directors of PT Duta Pertiwi Tbk, PT Bumi Serpong Damai Tbk and PT Tjiwi Kimia Tbk, as well as member of the Board of Commissioners of PT Sinar Mas Multiartha Tbk, PT Indah Kiat Pulp & Paper Tbk and PT Dian Swastatika Sentosa Tbk.

    Mr. Muktar Widjaja is affiliated with Mr. Franky Oesman Widjaja, the President Commissioner, and GAR, the controlling shareholder.

  • Budi Wijana

    Vice President Commissioner

    Mr. Budi Wijana, aged 58, an Indonesian citizen, was appointed as the Vice President Commisioner at the Company’s AGM on 9 June 2015.

    In 2016, he attended the fifth International Conference on Oil Palm and Environment (ICOPE) regarding Sustainable Palm Oil and Climate Change: the Way Forward through Mitigation and Adaptation organised by PT SMART Tbk together with CIRAD and WWF Indonesia; a CEO Forum on 2016 Economic Outlook held by Bank of Tokyo-Mitsubishi UFJ; and a forum discussion on the Centre of International Maritime and Anticipation of 2016 Forest and Land Fires.

    He graduated from the Economic Faculty of Atma Jaya Catholic University, Jakarta, in 1986 and obtained his Magister Management degree from the University of Tarumanagara, Jakarta, in 1995. He started his career as an auditor at Atmaja & Co. Public Accountant Firm. He joined PT SMART Tbk in 1989 as Accounting Manager and further promoted as Director in 2003.

    Mr. Budi Wijana is affiliated with PT Purimas Sasmita, the majority shareholder.

  • Rafael Buhay Concepcion, Jr.

    Commissioner

    Mr. Rafael Buhay Concepcion, Jr., aged 50, a Filipino citizen, was appointed as Commissioner at the AGM of the Company on 9 June 2015.  He also serves as a Nominating and Remuneration Committee member of the Company.

    During 2016, he attended the CEO Forum on 2016 Economic Outlook held by Bank of Tokyo-Mitsubishi UFJ; Innovation Forum titled Indonesia in a Digital World organised by McKinsey & Company; 2016 Barclays Asia Forum titled Change is the Only Constant; as well as several workshops organised by the Company on the following topics: Finance Leadership Visioning and Alignment held together with Accenture; as well as “Yuk Nabung Saham” socialization with the IDX.

    He obtained a Bachelor of Science in Economics from the University of the Philippines in 1988. Through a scholarship from SGV Philippines, he obtained a Master in Business Management from the Asian Institute of Management, Philippines in 1992. He started his career in the corporate planning directorate of San Miguel Corporation, Philippines. Later on, he joined Pilipinas Shell Petroleum Corporation where he worked on regional projects and obtained extensive experience in corporate and financial planning. He joined PT SMART Tbk in 1997 and was promoted as Director in 2004.

    Mr. Rafael Buhay Concepcion, Jr. is affiliated with GAR, the controlling shareholder.

  • Prof. Dr. Teddy Pawitra

    Independent Commissioner

    Mr. Teddy Pawitra, aged 81, an Indonesian citizen, was first appointed as the Independent Commissioner at the AGM of the Company on 20 June 2002. He also serves as the Chairman of NRC of the Company, the Independent Commissioner and the Chairman of Nominating and Remuneration Committee (“NRC”) of PT Duta Pertiwi Tbk and PT Bumi Serpong Damai Tbk, an Independent Commissioner of PT Puradelta Lestari Tbk, the President Director of PT Swadayanusa Kencana Raharja as well as an Adjunct Professor of postgraduate programme in Management, Faculty of Economics and Business, University of Indonesia and Professor at the postgraduate programme, Widya Mandala Catholic University, Surabaya.

    In 2016, he participated in various discussion forums regarding the Centre of International Maritime and Anticipation of 2016 Forest and Land Fires; as well as Things about Tax Amnesty. He also attended a conference on Agro Value Chain Innovation to Support the Implementation of Financial Inclusion for Farmers held by KADIN, ISEI and PisAgro.

    He earned his undergraduate degree in Macro and Business Economics from Airlangga University, Surabaya, Master of Business Administration from the University of Minnesota, USA and a PhD in Economics (Cum Laude) from Airlangga University, Surabaya (in cooperation with Erasmus University, Rotterdam). His past positions included as the Chairman of Audit Committee of PT SMART Tbk, PT Duta Pertiwi Tbk and PT Bumi Serpong Damai Tbk, the Independent Commissioner of PT Pabrik Kertas Tjiwi Kimia Tbk and PT Indah Kiat Pulp & Paper Tbk, as well as the President Commissioner of PT Bank International Indonesia Tbk. He started his career at the accounting firm Drs. Utomo & Mulia, subsequently serving as the Director of PT Gading Mas Surabaya and the President Director of several reputable companies of Mercedes Benz Indonesia namely PT Star Motors Indonesia, PT German Motors Manufacturing, PT Star Engines Indonesia and PT Lima Satrya Nirwana. He was also a Professor at the Faculty of Economics, Tarumanagara University.

    Mr. Teddy Pawitra does not have direct or indirect ownership in the Company’s share; is not affiliated with the Company, the members of the Board of Commissioners or the Board of Directors, or controlling or majority shareholder of the Company; does not have any direct or indirect business relationship that is related to the Company’s business activities.

  • Drs. Endro Agung Partoyo

    Independent Commissioner

    Mr. Endro Agung Partoyo, aged 63, an Indonesian citizen, was first appointed as the Independent Commissioner at the AGM of the Company on 5 June 2012.

    During 2016, he attended a discussion forum regarding the Centre of International Maritime and Anticipation of 2016 Forest and Land Fires; and a conference on Agro Value Chain Innovation to Support the Implementation of Financial Inclusion for Farmers held by KADIN, ISEI and PisAgro.

    He is an alumnus of the Academy of Indonesian Army, Police Department, class of 1977. He earned an undergraduate degree in Police Science from Perguruan Tinggi Ilmu Kepolisian (PTIK) in 1986 and a Master of Engineering Science (M.Eng.Sc) in Transportation Engineering from the University of New South Wales, Sydney, Australia. He had several overseas short courses during 1989 to 2003, such as Traffic Law Enforcement in UK, Traffic Safety in Sweden, Driving License Administration and Senior International Traffic Officer in Japan. He had attended local course of Defense and Security Management regarding Logistics, and also the 39th Regular Course of National Defense Institution (Lemhannas) in 2006.

    He was retired as an Inspector General Police with latest position as the Deputy of Coordinating Minister for Politic, Legal and Security of the Republic of Indonesia for National Security Affair Coordination. In 2011, he posted as a Secretary to the National Team of Land Conflict Resolution in Mesuji, Lampung and South Sumatra. During 2011 to 2012, he was the Chairman of the National Vital Object Protection of the Energy and Mineral Resources Sector.

    Mr. Endro Agung Partoyo does not have direct or indirect ownership in the Company’s share; is not affiliated with the Company, the members of the Board of Commissioners or the Board of Directors, or the controlling or majority shareholder of the Company; does not have any direct or indirect business relationship that is related to the Company’s business activities.

  • Prof. Dr. Susiyati B. Hirawan

    Independent Commissioner

    Mrs. Susiyati B. Hirawan, aged 70, an Indonesian citizen, was first appointed as the Independent Commissioner at the AGM of the Company on 15 May 2008. Currently, she also serves as the Chairman of Audit Committee of the Company, the Independent Commissioner and the Chairman of Audit Committee of PT Duta Pertiwi Tbk, PT Bumi Serpong Damai Tbk, and PT Puradelta Lestari Tbk. She is also a lecturer for the undergraduate and postgraduate (magister and doctoral) degrees at the Faculty of Economics, University of Indonesia since 1972.

    During 2016, she attended seminars on Maximising Collaboration, Optimising Opportunities and Overcoming Challenges, Maximising Profits, both were held by the Malaysian Palm Oil Council (MPOC); the 12th Indonesian Palm Oil Conference and 2017 Price Outlook on Palm Oil Development: Harmonising Market, Society and the State organised by GAPKI; and discussion forums on the topic of the Centre of International Maritime and Anticipation of 2016 Forest and Land Fires; Indonesian Economic Outlook and Challenges; as well as “Yuk Nabung Saham” socialization with the IDX. She also attended a conference on Agro Value Chain Innovation to Support the Implementation of Financial Inclusion for Farmers held by KADIN, ISEI and PisAgro.

    She earned her undergraduate degree in Corporate Economics from the University of Indonesia, as well as several degrees of Diploma in Development of Finance, Master of Social Science in Development Administration and Doctor of Philosophy in School of Public Policy from the University of Birmingham, United Kingdom. In 2006, she was granted as an active Professor of the Faculty of Economics of the University of Indonesia.

    Her past positions included the Commissioner of several state-owned companies, i.e: PT (Persero) ASABRI, PERUM PERUMNAS, PT Pupuk Sriwijaya, PT Danareksa and the President Commissioner of PT Rekayasa Industri. She was a Deputy of Economics, Secretary to the Vice President of the Republic of Indonesia from 2000 to 2007. Her career in the Finance Ministry of the Republic of Indonesia started as the Head of Bureau of Regional Financial Analysis in 1992, and later on as the Director General of Financial Institution in 1998 to 2000. She was an Independent Commissioner and the Chairman of Audit Committee of PT Dian Swastatika Sentosa Tbk. She also obtained her teaching experiences in several universities, such as: Tarumanagara University, STEKPI and State Administrative Agency.

    Mrs. Susiyati B. Hirawan does not have direct or indirect ownership in the Company’s share; is not affiliated with the Company, the members of the Board of Commissioners or the Board of Directors, or the controlling or majority shareholder of the Company; does not have any direct or indirect business relationship that is related to the Company’s business activities.

  • Hikmahanto Juwana, S.H.

    Independent Commissioner

    Mr. Hikmahanto Juwana, aged 51, an Indonesian citizen, was first appointed as the Independent Commissioner at the AGM of the Company on 25 June 2013. Currently, he also serves as the Independent Commisioner of PT Aneka Tambang (Persero) Tbk and PT Unilever Indonesia Tbk, lecturer at Law Faculty of the University of Indonesia as Professor of International Law, and member of legal commitee or team at the Ministry of State Owned Enterprises (“SOE”), the Ministry of Defense, ASEAN, the arbitrator at Commodity Futures Trade Arbitration Body, and the member of Bank Indonesia Supervisory Board.

    During 2016, he actively participated as the panelist, speaker and instructor in various seminars, workshops, panel discussions, forums and trainings mostly in the areas of legal, laws and cross countries relationships, which among others were held by the Indonesian government agencies such as various Ministries, National Coast Guard, National Security Council, Business Competition Supervisory Commission (KPPU), National Defense Institution (Lemhannas), Financial Services Authority (OJK), and National Narcotics Agency (BNN); educational institutions such as Atmajaya University, Gajah Mada University, University of Indonesia, Paramadina University, Pattimura University, and Trisakti University; embassies of Korea and Singapore; SOE such as Pertamina, Telkom, and Jasindo; as well as various private parties.

    He earned his undergraduate degree from the University of Indonesia, Master from Keio University, Japan, and Ph.D from the University of Nottingham, United Kingdom. His past positions included Assistant to Lawyer at OC Kaligis, SH & Associates Law Firm, Legal Consultant at Lubis, Ganie, Surowidjojo Law Firm, Dean of Faculty of Law of the University of Indonesia, and various positions at the Indonesian government agencies, such as Senior Advisor to the Coordinating Minister of Economic, member of the Tax Supervisory Committee of the Department of Finance, member of the International Law Experts Team of the Attorney General, member of the Legal Experts Board of the Department of Justice, and member of the Board of Trustees of the Indonesian Capital Market Arbitration Board.

    Mr. Hikmahanto Juwana does not have direct or indirect ownership in the Company’s share; is not affiliated with the Company, the members of the Board of Commissioners or the Board of Directors, or the controlling or majority shareholder of the Company; does not have any direct or indirect business relationship that is related to the Company’s business activities.