Audit Committee is a supporting organ that established to assist the Board of Commissioners to oversee the management of the Company as in accordance with the principles of Good Corporate Governance (GCG)
The Audit Committee is a supporting organ under the Board of Commissioners. This committee was established to assist the Board of Commissioners to oversee the management of the Company as in accordance with the principles of Good Corporate Governance (GCG). Audit Committee members are appointed and dismissed by Board of Commissioners and reported to the GMS.
AUDIT COMMITTEE ESTABLISHMENT BASIS
The establishment of the Audit Committee refers to Law No. 19/2003 on State-Owned Enterprises Article 70 paragraph 1 stating that the Board of Commissioners is required to form Audit Committees that work collectively and function as corporate supervisors, as well as the Regulation of the Minister of SOEs No. PER-05/MBU/2006 Dated December 20, 2006 concerning Audit Committee for State-Owned Enterprises amended by Regulation of the Minister of SOEs No. PER-12/MBU/2012 dated August 24, 2012 on the supporting organ of Board of Commissioners/ Supervisory Board of BUMN. The Company’s Audit Committee has been established since 2002 with Board of Commissioners Decision Letter (SK) No. 17/DK/PI.II/I-2002 dated January 23, 2002.
AUDIT COMMITTEE DUTIES AND RESPONSIBILITIES
Implementation of IPC Audit Committee duties refers to the Audit Committee Charter as follows: