Audit Committee

Audit committee

The Audit Committee assists the Board of Commissioners in performing its supervisory function. The Audit Committee’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.

Audit Committee consists of independent professionals and is chaired by an Independent Commissioner. Audit Committee acts independently in performing their duties and responsibilities in accordance with the company’s Audit Committee Charter and Code of Ethics.

Currently, the AC consists of three members who will be serving until 2025. The member of the Audit committee is as follow:

Chairman	:	Ardhayadi, SE., MA
Member	:	Ketut Sanjaya
Member	:	DR. Robert A. Simanjuntak

Ardhayadi, SE., MA

Chairman of Audit Committee

Ketut Sanjaya

Audit Committee Member

DR. Robert A. Simanjuntak

Audit Committee Member

Age	71 years
Citizenship	Indonesian
Other positions	Independent Commissioner of the Company (since 2020) Independent Commissioner and Chairman of the Audit Committee of PT Asuransi Jiwa Sinarmas MSIG (since 2014)
Education	Master of Arts Development Banking, American University, Washington, USA (1986) Bachelor of Economics, major in Accounting, Gadjah Mada University, Yogyakarta (1976) Certified in Risk Governance Professional (CRGP)
Organisational positions	Member of Board Advisory of Economics and Business Faculty, Gadjah Mada University Member of Board Executive of Indonesian Board of Commissioners and Directors
Work experiences	He pursued his carreer in Bank Indonesia as: Deputy Governor (2007-2012) Director of Private and Foreign Banks Supervision Directorate (2007) Head of Europe Region Representative Office in London, United Kingdom (2004-2007) Director of Internal Finance Directorate (2003-2004) Director of State-Owned Banks Audit Directorate (2002-2003) Regional Head of Central Java and Yogyakarta (2001-2002) Director of State-Owned Banks Supervision Directorate (2000-2001) Deputy Director of Private Banks Supervision, Indonesia Banking Restructuring Agency (1997-2000) Technical Team for Restructuring and Recapitulation of National Private Banking (1998-2000) Deputy Director of Private Commercial Banks Supervision (1997-2000)
Independency statement	Mr Ardhayadi does not have any 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.

Age	71 years
Citizenship	Indonesian
Other positions	Independent Commissioner of PT Golden Energy Mines Tbk (since 2011) Independent Commissioner, Chairman of Nomination and Remuneration Committee, and Chairman of Audit Committee of PT Smartfren Telecom Tbk (since 2021) Independent Commissioner of PT Sinar Mas Multiartha Tbk (since 2022)
Education	Master degree, Arthur D. Little, Management Education Institute, Boston, USA (1984) Bachelor of Science in Agriculture, Padjajaran University, Bandung (1977)
Work experiences	Chairman of Audit Committee of PT Golden Energy Mines Tbk (2011-2022) Member of Audit Committee and Risk Monitoring Committee of PT Bank Sinarmas Tbk (since 2011-2021) Independent Commissioner of PT Bank Barclays Indonesia (2009-2011) Built his career in Bank Indonesia as Credit Analyst, Credit Supervisor, Bank Audit and Monitoring, Head of Bank Indonesia Bali, Nusa Tenggara Barat and Nusa Tenggara Timur, Director of Bank Supervisory, and lastly as a Senior Researcher (1979-2009)
Independency statement	Mr Ketut Sanjaya does not have any 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.

Age	60 years
Citizenship	Indonesian
Other positions	Chairman of Audit Committee of PT Bank Sinarmas Tbk (since 2021) Independent Commissioner and Chairman of Audit Committee of PT Dian Swastatika Sentosa Tbk (since 2019) Vice Chairman of Board of Trustee, Monitoring Committee for the Implementation of Regional Autonomy (KPPOD) since 2009 Professor of Public Finance, Faculty of Economics and Business, University of Indonesia (since 2008)
Education	Ph.D.,Economics, University of Birmingham, United Kingdom (1998) M.Sc, Economics, University of Birmingham, United Kingdom (1988) Bachelor of Economics, University of Indonesia, Jakarta (1986)
Work experiences	Advisor to the Minister of Research and Technology/BRIN for Innovative Economy (2020-2021) Commissioner of PT Antam Tbk (2014-2019) Advisor to the Minister of Finance of the Republic of Indonesia for Fiscal Policy Formulation (2014-2019) Commissioner of PT Perkebunan Nusantara (PTPN) VII (2013-2014) Independent Commissioner of PT Asuransi Tugu Pratama Indonesia Tbk (2010-2012) Head of Advisory Team to the Minister of Finance of the Republic of Indonesia for Fiscal Decentralization (TADF) (2009-2014) Chairman of the Department of Economics, Faculty of Economics, University of Indonesia (2005-2009) Budget Committee Expert of the House of Representatives of the Republic of Indonesia (2003-2004) Director of the Master Program in Planning and Public Policy (MPKP), Faculty of Economics, University of Indonesia (1999-2005) Researcher and Consultants of Economic and Public Inquiry Agency (LPEM), Faculty of Economics, University of Indonesia (1986-2005)
Independency statement	Mr Robert A. Simanjuntak does not have any 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.