Nomination and Remuneration Function

The Company does not form a special committee related to nomination and remuneration taking the scale of business and current needs into consideration. The procedure for nomination and remuneration of the Company is carried out by the Board of Commissioners pursuant to Article 11 of the Financial Services Authority Regulation No.34/POJK.04/2014 on the Nomination and Remuneration Committee of Stock Issuers or Public Companies.

In 2018, the Board of Commissioners has performed remuneration procedures for members of the Board of Commissioners and members of the Board of Directors according to the delegation of authority made by Shareholders at the 2018 Annual GMS.