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Board of Commissioners
Board of Commissioners

The Board of Commissioners of PT Polychem Indonesia Tbk. consists of 4 people and 2 of them are independent Commissioners. The members of the Board of Commissioners are appointed for a period from the day the Annual General Shareholders’ Meeting (AGSM) was held, i.e. June 17, 2016, to the closing of the AGSM in 2018, without  prejudice to the rights of the AGSM to dismiss them at any time.

With due observance of the Company’s Articles of Association and all applicable laws and regulations, the Board of Commissioners oversees the Company’s policies, management and operation in general, and gives advises to the Board of Directors on issues related to the Company’s strategy implementation.

Pursuant to the Articles of Association of the Company, the Board of Commissioners may in a year hold a Board of Commissioners Meeting at any time if deemed necessary by it, at the written request of the Board of Directors or at the written request of the shareholders controlling 10% of the total number of shares. A Board of Commissioners meeting may be with or without attendance of the Board of Directors. A Board of Commissioners meeting is held to evaluate and review the operational and financial performances of the Company, to discuss issues related to the development of the Company, and to give directions to the Board of Directors.

For the financial year of 2014, the Board of Commissioners has held 4 quarterly meetings, and total level of attendance of all its members was 100%.

The amount of remuneration is determined by considering the work load, duty and responsibility and the performance of each member of the Company’s Board of Commissioners, done and to be done in the upcoming financial year and to be adjusted to the amount of remuneration for executives in similar industry. The amount of remuneration is determined by an AGMS.

Based on General Meeting of Shareholders on June 17, 2016, the Board of Commissioners composition is as follows:

Name

Title

Shareholders’ Representation

Period

Bacelius Ruru

Independent President Commissioner

Independent

2016-2018

Hendra Soerijadi

Vice President Commissioner

-

2016-2018

Bambang Husodo

Independent Commissioner

Independent

2016-2018

Jusup Agus Sayono Commissioner - 2016-2018