About

Audit Committee

The Audit Committee (“AC”) assists the Board of Commissioners (“BOC”) in performing its supervisory function. The AC’s responsibility is to assess whether financial and operational reports prepared by the Board of Directors are reliable, as well as to ascertain the true enforcement of appropriate control policies, prevailing laws, rules and regulations in the Company’s business.

The AC consists of independent professionals and is chaired by an Independent Commissioner. The AC acts independently in performing their duties and responsibilities.

The AC performs their duties in accordance with the Company’s Audit Committee Charter and Code of Ethics that have been approved by the BOC.

Currently, the AC consists of three members who will be serving until 2020. The member of the AC are as follow:

Chairman : Prof. DR. Susiyati B. Hirawan
Member : Herawan Hadidjaja
Member : Ketut Sanjaya

Prof. DR. Susiyati B. Hirawan
Chairman of Audit Committee

Age: 71 years
Citizenship: Indonesian
Appointment: Board of Commissioner Meeting on 29 April 2015
Period of tenure: 2015-2020

Other positions:

  • Chairman of Audit Committee (“AC”) of the Company (since 2010)
  • Independent Commissioner (since 2007) and Chairman of AC (since 2012) of PT Duta Pertiwi Tbk
  • Independent Commissioner (since 2007) and Chairman of AC (since 2013) of PT Bumi Serpong Damai Tbk
  • Independent Commissioner (since 2013) and Chairman of AC (since 2015) of PT Puradelta Lestari Tbk
  • Lecturer for the undergraduate and postgraduate (magister and doctoral) degrees, Faculty of Economy, University of Indonesia (since 1972)

Education:

  • Active Professor, Faculty of Economics, University of Indonesia, Jakarta (2006)
  • Doctor of Philosophy in School of Public Policy, University of Birmingham, United Kingdom (1990)
  • Master of Social Science in Development Administration, University of Birmingham, United Kingdom (1982)
  • Diploma in Development of Finance, University of Birmingham, United Kingdom (1980)
  • Bachelor in Corporate Economics, Faculty of Economics, University of Indonesia, Jakarta (1972)

Organisational positions:
Member of Indonesian Bachelor of Economics Association (ISEI) (since 1972)
Work experiences:

  • Independent Commissioner (2009-2013) and Chairman of AC (2010-2013) of PT Dian Swastika Sentosa Tbk
  • President Commissioner of PT Rekayasa Industri (2004-2010)
  • Member of Board of Commissioners of PT Danareksa (2004-2008)
  • Deputy of Economics, Secretary to the Vice President of the Republic of Indonesia (2000-2007)
  • Member of Board of Commissioners of PERUM PERUMNAS (1999-2004)
  • Member of Board of Commissioners of PT Pupuk Sriwijaya (1999-2004)
  • General Director of Financial Institution, Finance Ministry of the Republic of Indonesia (1998-2000)
  • Commissioner of PT (Persero) ASABRI (1993-2008)
  • Head of Bureau of Regional Financial Analysis, Finance Ministry of the Republic of Indonesia (1992-1998)
  • Lecturer, Tarumanagara University, STEKPI (1975-1980), and State Administrative Agency (1990-2000)

Independency Statement:

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

Herawan Hadidjaja
Audit Committee Member
Age: 66 years
Citizenship: Indonesian
Appointment: Board of Commissioner Meeting on 29 April 2015
Period of tenure: 2015-2020
Other positions:
  • Audit Committee (“AC”) member of PT Puradelta Lestari Tbk (since 2015)
  • AC member of PT Sinar Mas Multiartha Tbk (since 2014)
  • Commissioner of PT OKI Pulp and Paper Mills (since 2013)
  • AC member of PT Bumi Serpong Damai Tbk (since 2013)
  • AC member of PT Duta Pertiwi Tbk (since 2012)
  • Commissioner of PT Summit Oto Finance (since 2012)
  • Commissioner of PT OTO Multiartha (since 2012)
  • AC member of PT Dian Swastatika Sentosa Tbk (since 2010)

Education:

  • Bachelor of Commerce, University of Windsor, Canada (1976)
  • Bachelor of Mathematics, University of Waterloo, Canada (1975)

Work experiences:

  • President Director of PT OKI Pulp and Paper Mills (2012-2013)
  • Commissioner of PT Certis Cisco (2000-2009)
  • President Commissioner of PT AB Sinar Mas Multifinance (2002-2009)
  • President Commissioner of PT Sinar Mas Multifinance (2001-2009)
  • President Director of PT Sinar Mas Multiartha Tbk (1985-2009)
  • Chief Accountant of Continental Oil Company of Indonesia (CONOCO-Indonesia) (1979-1984)
  • Head of Accounting Department and Assistant to Marketing Manager of PT Laurel Pharmaceutical Industry (1977-1978)
  • Senior Marketing Officer of PT Orient Bina Usaha Leasing (1977)

Independency Statement:

Mr. Herawan Hadidjaja 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

Ketut Sanjaya
Audit Committee Member
Age: 66 years
Citizenship: Indonesian
Appointment: Board of Commissioner Meeting on 29 October 2015
Period of tenure: 2015-2020
Other positions:
  • Audit Committee member of PT Bank Sinarmas Tbk (since 2011)
  • Komisaris Independen dan anggota KA PT Golden Energy Mines Tbk (sejak 2011)

Education:

  • Master, Arthur D. Little, Management Education Institute, Boston, Amerika Serikat (1984)
  • Sarjana Pertanian, Universitas Padjajaran, Bandung (1977)

Work experiences:

  • Komisaris Independen PT Bank Barclays Indonesia (2009-2011)
  • Meniti karir di Bank Indonesia sebagai Analisis Kredit, Pengawas Kredit, Pemeriksa dan Pengawas Bank, Pemimpin Bank Indonesia Bali dan Nusa Tenggara Barat, Direktur Pengawasan Bank dan terakhir menjabat sebagai Peneliti Senior (1979-2009)

Independency Statement:

Mr. Ketut Sanjaya 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