GOVERNANCE


NOMINATION AND REMUNERATION COMMITTEE

The roles of the Board of Commissioners in monitoring the Company’s operation cover various fields, such as determining the appointment criteria for new members of the Board of Commissioners and the Board of Directors and their remuneration system. To support the Board of Commissioners in running such function, several regulations, such as Bank Indonesia Regulation No 8/4/PBI/2006 and GCG implementation manual published by National Committee on Governance Regulations (KNKG), state the rules for establishing the Nomination and Remuneration Committee that serves directly under the supervision of the Board of Commissioners.

 

Duties and Responsibilities

The Company’s Nomination and Remuneration Committee has the duty to determine the amount of the following components:

  • Honorarium
  • Allowances
  • Facilities
  • Tantiem/Work Incentives
 

Composition and Profile of Nomination and Remuneration Committee

• Buntoro Muljono

Chairman of Nomination and Remuneration Committee

Indonesian Citizen, born in 1955, domiciled in Jakarta. Graduated with a Bachelor’s Degree in Electrical Engineering (1981) and Bachelor’s Degree in Economics (1986) from University of Indonesia. Appointed as the Chairman of Nomination and Remuneration Committee since April 2021.

Began his career in 1981 at PT United Tractors Tbk as Management Trainee until assuming the position of Finance and Administration Director. Previously, he has served as Director of UT Heavy Industry(S) Pte. Ltd. (1997-2006), Commissioner of PT Pamapersada Nusantara (1998-2001), Commissioner of PT Traktor Nusantara (1998-2006), Director of PT United Tractors Pandu Engineering (1999-2006) and President Director of PT Toyota Astra Financial Services (2006-2014). Currently serving as Chairman of Audit Committee of PT United Tractors Tbk, Independent Commissioner of PT United Tractors Tbk, Independent Commissioner of PT Komatsu Astra Finance and serving in several positions at PT Surya Artha Nusantara Finance, namely as Independent Commissioner, Chairman of Audit Committee and Member of Risk Monitoring Committee.

• F.X. Laksana Kesuma

Member

Indonesian Citizen, born in 1962, and domiciled in Jakarta. Obtained his Bachelor Degree in Civil Engineering from Parahyangan Catholic University, Bandung in 1988 and Master Degree in Highway Engineering and Systems from Bandung Institute of Technology in 1991. Appointed as Member of the Nomination and Remuneration Committee since June 2019.

Became a part of Astra in Engineering Division of PT Pamapersada Nusantara (“PAMA”) in 1992. Then, held several positions in PAMA: as Operational Manager (2000-2003), as Operational Division Head  (2005-2012) and as Operational Director in 2007-2011. Appointed as Engineering Director and President Director of PAMA since 2013 until now. He also serves as President Commissioner, Vice President Commissioner and Commissioner in several PAMA’s subsidiaries. Besides, he was also appointed as the Director of PT United Tractors Tbk since April 2018.

• Iwan Hadiantoro

Member

Indonesian Citizen, born in 1969. Obtained his Bachelor Degree in Economics (Finance Management) from University of Indonesia. Appointed as Member of the Nomination and Remuneration Committee since June 2019.

Prior to joining Astra International in 2010 as the Chief of Group Treasury & Investor Relations, started his career at Shell Indonesia in 1990 and later joined General Electric (GE) Indonesia in 1998 where served in several finance managerial positions, including Controllership, Treasury, Financial Planning & Analysis, until appointed as VP Finance, Director and Chief Financial Officer of PT GE Finance Indonesia until 2010. He also served as Finance Director at Astra Sedaya Finance from 2006 to 2008. Currently also serves as President Commissioner of PT Supra Alphaplus Handal, Commissioner of PT United Tractors Pandu Engineering, PT Pamapersada Nusantara, and PT Bhumi Jati Power, President Director of PT Karya Supra Perkasa and Director of PT United Tractors Tbk, PT Unitra Persada Energia, and Unitra Power Pte. Ltd.

Nomination and Remuneration Charter

 
ACSET Nomination and Remuneration Committee Charter