Chapter IV

Committees

By : Wilsen & Suri

Part I
Committee Structure and Membership
Article 34
The Board of Commissioners must form at least:
a. audit committee;
b. risk monitoring committee; and
c. remuneration and nomination committee.
Article 41
Audit committee has at least members:
a. 1 (one) Independent Commissioner;
b. 1 (one) person from an Independent Party who owns
expertise in finance or accounting;
c. 1 (one) person from an Independent Party who owns
Article 42
The risk monitoring committee has at least members :
a. 1 (one) Independent Commissioner;
b. 1 (one) Independent Party that owns expertise in
finance;
c. 1 (one) Independent Party that owns expertise in risk
management.
Article 43
Ex member of the Board of Directors/Executive Officer of the
Bank/party that has a relationship with the Bank which can affect
that ability concerned to act independently

go through a period of cooling off for minimum 6 month

Ex member of the Board of Directors in charge of the function

supervision or Executive Officer who conducts supervisory function
at the Bank.
Article 44
The remuneration and nomination has at least members :
a. 1 (one) Independent Commissioner;
b. 1 (one) Commissioner;
c. 1 (one) Executive Officer in charge the function of
human resources or 1 (one) person employee
representative.
Article 45
 In the case of the Bank forming a remuneration and
nomination committee separately, the membership of
each committee is mandatory refers to the provisions
referred to in Article 44.
Part II
Double Position Chairperson of the
Committee
Article 46
 The chairperson of the committee is prohibited from
concurrently serving as chairman of the committee
more than 1 (one) on another committee.