Remuneration Committee

Remuneration Committee was established based on The Board of Commissioners Decision Letter No. 002/DEKOM/06/2020 dated June 29 2020 and by the Decree of The Board of Directors PT NSS No. 002/DIR/06/2020 dated June 29, 2020. Members of the Remuneration Committee are appointed and dismissed through resolution conducted in General Meeting of Shareholders post candidacy process in accordance with the prevailing rules and regulations. The office term for Remuneration Committee is 5 years.

Remuneration Committee has the following duties and responsibilities:

  1. Ensuring that the Company has a transparent remuneration system;
  2. Assisting the Board of Commissioners in formulating and determining remuneration policies for the Company and if deemed necessary to be proposed at GMS;
  3. Evaluating employee reward system, benefits and other facilities;
  4. Developing selection criteria and nomination procedures for the Members of the Board of Commissioners, and other Executive Officers in the Company;
  5. Creating an evaluation system and providing recommendations regarding the required numbers of Directors and Commissioners;
  6. Recommending or proposing qualified candidates for members of the Board of Directors and/or members of the Board of Commissioners to the Board of Commissioners to be submitted at GMS; and
  7. Providing recommendations to the Board of Commissioners regarding Independent Parties who shall be members of the committees under the Board of Commissioners