About

Audit Committee

The Audit Committee  assists the Board of Commissioners in performing its supervisory function. Audit Committee’s reponsibility 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, Audit Committee consists of three members who will be serving until 2025. The member of the Adit Committee are as follow:

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

Age: 68 years
Citizenship: Indonesian
Appointment: Board of Commissioner                                         Meeting on 29 July 2020
Period of tenure: 2020-2025

Other positions:

  • Independent Commissioner of the Company (since 2020)
  • Independent Commissioner and Chairman of Audit Committee of PT Asuransi Jiwa Sinarmas MSIG (since 2014)

Education:

  • Master of Arts Development Banking, American University, Washington, USA (1996)
  • Bachelor of Economics, major in Accounting, Gadjah Mada University, Yogyakarta (1986)
  • Certified in Risk Governance Professional (CRGP)

Organisational positions:

  • Member of Board Advisory of Economics and Business Faculty, Gadjah Mada University (since 2015)
  • Member of Board Executive of Indonesian Board of Commissioners and Directors (since 2018)

Work experiences:

He was pursuing 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, UK (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)
  • Division Head, Executive Bank Supervisor of State-Owned Banks Supervision (1994-1997)

Independency Statement:
Mr Ardhayadi 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: 68 years
Citizenship: Indonesian
Appointment: Board of Commissioner                                        Meeting on 29 July 2020
Period of tenure: 2020-2025

Other positions:

  • Member of Audit Committee and Risk Monitoring Committee of PT Bank Sinarmas Tbk (since 2011)
  • Independent Commissioner and Audit Committee Chairman of PT Golden Energy Mines Tbk (since 2011)

Education:

  • Master degree, Arthur D. Little, Management Education Institute, Boston, USA (1984)
  • Bachelor of Science in Agriculture, Padjajaran University, Bandung (1977)

Work experiences:

  • 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 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

DR. Robert A. Simanjuntak
Audit Committee Member
Age: 58 years
Citizenship: Indonesian
Appointment: Board of Commissioner                                         Meeting on 29 July 2020
Period of tenure: 2020-2025

Other positions:

  • Independent Commissioner and Chairman of Audit Committee of PT Dian Swastatika Sentosa Tbk (since 2019)
  • Commissioner of PT Antam Tbk (since 2014)
  • Special Assitant to the Minister of Finance in the Formulation of Fiscal Policy of the Republic of Indonesia (since 2014)
  • Vice Chairman of Board of Trustee, Monitoring Committee for the Implementation of Regional Autonomy (KPPOD) since 2009
  • Professor of State Financial Economics, Faculty of Economics, University of Indonesia (since 1986)

Education:

  • Ph.D.,Economics, University of Birmingham, UK (1998)
  • M.Sc, Economics, University of Birmingham, UK (1988)
  • Bachelor of Economics, University of Indonesia, Jakarta (1986)

Work experiences:

  • Commissioner of PT Perkebunan Nusantara (PTPN) VII (2013-2014)
  • Independent Commissioner of PT Asuransi Tugu Pratama Indonesia Tbk (2010-2012)
  • Assistance Team Leader of Fiscal Decentralization-TADF Department, Minister of Finance of the Republic of Indonesia (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’s Program in Planning and Public Policy (MPKP), Faculty of Economics, University of Indonesia (1992-2005)
  • 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 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