The line-up for the Remuneration Commitee up until the month of June 2015 was as follows:

Chairman  :  Hary Tanoesoedibjo
Member :  Rosano Barack
  :  Rudijanto Tanoesoedibjo
"


The new line-up for the Remuneration Committee is as follows:

Chairman  :  John Aristianto Prasetio
Member :  Rosano Barack
  :  Rudijanto Tanoesoedibjo
"


The profiles of Mr. John Aristianto Prasetio as Chairman, Mr. Rosano Barack and Mr. B. Rudijanto Tanoesoedibjo as members, wherein each individual also serves as Independent Commissioner, President Commissioner and Vice President Commissioner respectively can be seen in “Board of Commissioners Profile”.

The legal basis for appointment and tenure of office for the Remuneration Comittee is indicated in the table below:

The duties and responsibilities of the Remuneration Committee are:

  • To evaluate remuneration policies and provide recommendations to the Board of Commissioners regarding the amount of remuneration and bonuses for the Boards of Commissioners and Directors, as well as senior executives.
  • To assess the Group’s payroll and administration of allowances and benefits.
  • Ensure that the remuneration policy is in accordance with the Group’s financial performance, individual job performance, the strategy and long-term goal, as well as fairness amongst peer groups.
  • Supervise the implementation of the remuneration system in accordance with the policy requirements.

The Remuneration Committee’s independence can be witnessed through the presence of 3 members from the Board of Commissioners with the function of supervising the Company’s performance.

The Remuneration Committee convened on April 2, 2015 to discuss bonuses and review employee salaries, as well as the distribution of bonuses for Directors and Board of Commissioners for their 2014 performance. The attendance record for the meeting is as follows:


Remuneration of the Board of Commissioners and Directors


In 2015, the total remuneration received by the Board of Commissioners amounted to Rp4,821,614,771.- and the total remuneration of the Board of Directors amounted to Rp9,760,542,089.-

Procedures and Basis in Determining the Remuneration of the Board of Commissioners and Directors

The Remuneration Committee evaluates and recommends to the Board of Commissioners on policies/amount of remuneration of each member of the Board of Commissioners and Directors, based on evaluations of their performance in the Company within previous years, and adjustments are made based on remunerations of executives from similar industries.

Implementation Activities of the Remuneration Committee

  • Recommended a bonus and salary review to employees of the Company, as well as the tantiem for Commissioners and Directors for their performance in 2014.
  • Supervised the implementation of remuneration system is in accordance with the stipulated policy.