In fact, the comprehensive sustainability programs
the BOD has developed over the years form a
resilient foundation in the long run underpinning our environment, social and governance (“ESG”) framework. By operating responsibly and sustainably, ICBP is actively contributing to food safety and food security for Indonesia. During the year, the BOC was supported by the Audit Committee (“AC”) and the Nomination and Remuneration Committee (“NRC”) in its role to supervise and counsel the BOD. The AC had the important task of ensuring the Company’s financial reporting, internal control and audit processes were adequate in meeting Indonesian regulations and the Company’s code of conduct. The NRC was responsible for reviewing and nominating members of the BOC and BOD, as well as recommending their remuneration aspects, and development programs. We are deeply saddened by the demise of our dear colleague, Mr. Antonius Prijohandojo Kristanto, who was the NRC Chairman and a member of the AC. On behalf of the Company, I would like to express my sincere appreciation and gratitude for his invaluable contributions and services to the Company. In closing, I would like to thank everyone in ICBP for putting in an exceptional effort to pull the Company through an extraordinary year. It was by no means an easy feat, and could only have been accomplished with dedication and a genuine desire to serve our consumers and communities. I am forever grateful to our shareholders who stand steadfastly behind us, giving us the confidence to carry out the strategies boldly. The years of recovery ahead will be full of hurdles