COMMITTEE MEMBERS

Good Corporate Governance Committee

The GCG Committee was established on the basis of the Decree of the Minister of State-Owned Enterprises No. KEP- 117/M-MBU/2002 regarding the Application of Good Corporate Governance Practices in State-Owned Enterprises. The establishment of the GCG Committee was intended to assist the Board of Commissioners in the monitoring of the effectiveness application of GCG by the Company.

a) Tasks and Responsibilities

• With the management, to evaluate the implementation of GCG in the management of the Company.
• To ensure that all the Board of Commissioners' decisions are consistent with the provisions of the prevailing regulations and the resolutions of the GMS.
• To evaluate and revise the Board Manual so that it is aligned with any developments on the prevailing legislation.
•  To ensure that the Board of Directors' policies, which must be approved by the Board of Commissioners, have followed the communication flow stipulated in the Board Manual.
• To evaluate and give recommendations to the Board of Commissioners regarding the number of members and composition of the Board of Commissioners.

b) Authority

• To have access to corporate records or information,with the approval of the Board of Commissioners, that are related to the implementation of their tasks.
• In exercising its authority, the Committee can work with other related work units.

c) Composition
The membership of the Corporate Governance Committee as of 31 December 2010 w as as follows:

• Chair : Tengku Nathan Machmud/President Commissioner and Independent Commissioner
• Member: Ilyas Saad/Commissioner

d) Committee Independence
The GCG Committee is chaired by an Independent Commissioner. In carrying out its tasks and responsibilities, the GCG Committee acts professionally and independently, without intervention from any party that is not in accordance with the rules and regulations.

e) Frequency of Meetings
The GCG Committee met twice in 2010 and both meetings were fully attended by all members of the Committee. The GCG Committee also took part in the supervision of the implementation of the special audit of the SSWJ project.

f) Discharge of Duties

• Communicated the Long-Term Corporate Strategic Plan and the Good Corporate Governance (GCG) Plan to SBU I, SBU II, SBU III Medan and SBU TSJ.
• Took part in the observations and discussions of the Assessment Team from the Indonesian Institute for Corporate Governance (IICG).