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

     

    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. She was also first appointed as the Chairman of Audit Committee by the Board of Commissioner of the Company on 28 July 2010. Currently, she also serves as 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.


  • Herawan Hadidjaja

    Audit Committee Member

     

    Mr. Herawan Hadidjaja, aged 65, an Indonesian citizen, was appointed as a member of the Audit Committee by the Board of Commissioners on 29 April 2015. Currently, he is also an Audit Committee member of PT Dian Swastatika Sentosa Tbk, PT Duta Pertiwi Tbk, PT Bumi Serpong Damai Tbk and PT Sinar Mas Multiartha Tbk, a Commissioner of PT OTO Multiartha, PT Summit Oto Finance and PT OKI Pulp and Paper Mills.

    In 2016, he attended various seminars and conferences, such as: seminars on Maximising Collaboration, Optimising Opportunities; and Overcoming Challenges, Maximising Profits, both were held by the Malaysian Palm Oil Council (MPOC). He also attended 2016 Risk and Governance Summit on the topic of Ethical Governance: the Soul of Sustainability held by OJK; the 12th Indonesian Palm Oil Conference and 2017 Price Outlook on Palm Oil Development: Harmonising Market, Society and the State organised by Indonesian Palm Oil Association (“GAPKI”); conference on Agro Value Chain Innovation to Support the Implementation of Financial Inclusion for Farmers held by the Indonesian Chamber of Commerce and Industry (“KADIN”), Indonesian Economics Graduates Association (“ISEI”) and Partnership for Indonesia Sustainable Agriculture (“PISAgro”);  discussion forums on the topic of Pivot Maritime International and Anticipation of 2016 Forest and Land Fires; Indonesian Economic Outlook and Challenges;  as well as “Yuk Nabung Saham” socialization with the IDX.

    He obtained his Bachelor of Mathematics degree from the University of Waterloo, Ontario, Canada in 1975 and a Bachelor of Commerce degree from the University of Windsor, Ontario, Canada in 1976. He had served as the Senior Marketing Officer of PT Orient Bina Usaha Leasing, the Head of Accounting Department and Assistant to Marketing Manager of PT Laurel Pharmaceutical Industry, the Accounting Manager of Continental Oil Company of Indonesia (CONOCO-Indonesia), the President Director of PT Sinar Mas Multiartha Tbk, the Commissioner of PT Certis Cisco (formerly PT  Cisco Mas Sekurititama), the President Commissioner of PT Sinar Mas Multifinance and PT AB Sinar Mas Multifinance as well as the President Director of PT OKI Pulp and Paper Mills.

    Mr. Herawan Hadidjaja does not have direct and indirect ownership in the Company’s share; is not affiliated with the Company, the members of the Board of Commissioners and the Board of Directors, as well as the controlling and majority shareholder of the Company; does not have any direct and indirect business relationship that is related with the Company’s business activities.


  • Ketut Sanjaya

    Audit Committee Member

     

    Mr. Ketut Sanjaya, aged 65, an Indonesian citizen, was appointed as the Audit Committee member by the Board of Commissioners of the Company on 29 October 2015. Currently, he is the Audit Committee member of PT Bank Sinarmas Tbk, as well as an Independent Commissioner and the Audit Committe member of PT Golden Energy Mines Tbk.

    In 2016, he attended the 12th Indonesian Palm Oil Conference and 2017 Price Outlook on Palm Oil Development: Harmonising Market, Society and the State organised by GAPKI; a conference on Agro Value Chain Innovation to Support the Implementation of Financial Inclusion for Farmers held by KADIN, ISEI and PisAgro; discussion forums on the topic of Pivot Maritime International and Anticipation of 2016 Forest and Land Fires; Things about Tax Amnesty; as well as “Yuk Nabung Saham” socialization with the IDX.

    He earned his undergraduate degree from Agriculture Faculty of Padjajaran University, Bandung in 1977 and a Master Degree from Arthur D. Little, Management Education Institute, Boston, USA in 1984. He had built his carreer in Bank of Indonesia for 30 years with latest position as Senior Researcher and Director of Bank Supervisory. He was also an Independent Commissioner of PT Bank Barclays Indonesia.

    Mr. Ketut Sanjaya does not have direct and indirect ownership in the Company’s share; is not affiliated with the Company, the members of the Board of Commissioners and the Board of Directors, as well as the controlling and majority shareholder of the Company; does not have any direct and indirect business relationship that is related with the Company’s business activities.