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Board of Directors
Board of Directors

The Board of Directors of PT Polychem Indonesia Tbk. is made up of 4 members, 1 of whom is an Independent Director. Members of the Board of Directors are appointed for a period which commences from the Annual General Meeting of Shareholders held on June 17, 2016, and ends on the closing of the AGMS of 2018, without prejudice to the right of the GMS to dismiss them at any time.

The Board of Directors represents the Company in and out of court in all respects and events, binds the Company to other parties and performs all acts concerning management and matters that are related to ownership.

With due observance of the Company`s Articles of Association and all applicable laws and regulations, the Board of Directors has performed their duties based on the principle of prudence and strengthened the practice of good corporate governance in the Company, and has been fully responsible for the Company`s management so as to achieve its goals and objectives.

The Board of Directors is responsible to manage the day-to-day operation of the Company to achieve its purposes and objectives under the supervision of the Board of Commissioners and authorized to manage the Company in accordance with the policies that are deemed appropriate, to the extent specified in the Indonesian Company Law, the applicable capital market regulations and the Company`s Articles of Association.

The Board of Directors is to follow up on all audit findings and take all such remedial measures as recommended by the Company`s internal audit work unit, the external auditors and the Board of Commissioners.

Pursuant to the Articles of Association of the Company, the Board of Directors may hold a Board of Directors Meeting at any time if deemed necessary by it, at the written request of the Board of Commissioners or at the written request of the shareholders controlling 10% of the total number of shares. Board of Directors meeting is held to evaluate and review the operational and financial performances of the Company, and to discuss strategies for the development of the Company and other important issues relating to the Company.

The Board of Directors also prepared a work plan which contains the annual budget of the Company for 2016 and presented it to the Board of Commissioners, which was approved in December 2015.

Each member of the Board of Directors should make endeavors to improve his/her capabilities and skills in order to keep abreast of the continuously changing business environment and regularly attend trainings, seminars or workshops held by either the Company, foreign principals or other institutions.

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 Director, 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 the Board of Commissioners.

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

Name

Title

Period

Gautama Hartarto

President Director

2016-2018

Johan Setiawan

Vice President Director

2016-2018

Gunawan Halim

Director

2016-2018

TN  Pal

Independent Director

2016-2018