AUDIT COMMITTEE

Based on a Charter Audit Committee No. 002/PGK-DIR/VII/2018 dated 10th July 2018, Audit Committee is a Committee established by and responsible to the Board of Commissioners in order to help carry out the duties and functions of the Board of Commissioners.

The Audit Committee assists the Board of Commissioners in carrying out the functions monitoring and carry out a review of the integrity of the financial statements; risk management and internal control; compliance with the provisions of law and legislation; performance, qualifications and independence of the external auditor; and implementation of the internal audit function. The Audit Committee is coordinating its work closely with the Internal Audit Unit and External Auditors.

Based on the Decision of the Board of Commissioners No.: 001/PGS-DEKOM/III/2020 dated March 19, 2020, decided to change the composition of the Audit Committee to the following:

Chair: Sulianto

Member: Fenny Purnawan

Member: Arriany Simanjuntak

 

Profile of Audit Committee

Sulianto, Head of Audit Committee

Indonesian citizen, 55 years old, born in Jambi in 1965. Graduated in Economics from Tarumanegara University in 1988. Began his career in 1986 to 1987, as Auditor in Johan Malonda & Rekan Public Accountant. In 1988 to 1989 as  Auditor in Hanadi Soedjendro Public Accountant. In 1989 to 1990 as Chief Accountant of PT. Satwika Permai Indah and PT. Delta Buana Experindo, In 1990 to 1992, as President Director of PT. BPR Multijaya Artaprima. In 1993 to 1994, as President Director of PT. BPR Artamas Mitra Sejati. In 1995 to 1997 as President Director of PT. Putra Swareka Perdana. In 1997 to 2002, as Marketing Director of PT. Putra Saridaya Persada. In January 2002 to June 2002, as Investment Banker of PT. Mandiri Sekuritas. In July 2002 to April 2003, as President Director of PT. Jakarta Artha Visi Abadi Securities. In June 2003 to July 2004, as President Commissioner of Prudence Asset Management. In September 2004 till present, as Independent Commissioner of the Company. Since January 2018 till now, as the Head of Audit Committee of the Company.

 

 

Fenny Purnawan, Member

Indonesian citizen, 55 years old, born in Jakarta in 1966. Graduated from the Faculty of Social & Political Sciences, University of Indonesia in 1992. Started his career in 1991 - 2000 as Senior Editor of Femina Magazine. 2004 - present as Director of PT Usaha Kita Makmur Indonesia. In 2014 - 2018 as Chief Editor & Chief Creative Officer of ZoomX Magazine / ZoomX.co. Since 19 March 2020 - now as a member of the Company's Audit Committee.

 

Arriany Simanjuntak, Member

Indonesian Citizen, 51 years old, born in Jakarta in 1969. Graduated in Master Degree IMNI Jakarta in 2004. Began her carrier in 1991 to 1995 as Accounting of PT Bank Central Asia. In 1995 to 2000, as Settlement and Reconcilement Standard Chartered Bank. In 2001 – 2003 as Complaint handling officer Standard Chartered Bank. In 2004 – 2005 as Credit Card Product Officer. In 2005 – 2010 as Marketing Communication Manager Standard Charterd Bank. In 2011 till now own Business Batik. In January 2012 till now as Marketing Product PT UKM Indonesia. In October 2012 till now as member of Audit Committee.

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Period of service of the Audit Committee should not be longer than the term of the Board of Commissioners as set forth in the articles of Association and can be re-elected for only one subsequent period

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The Audit Committee is responsible and accountable for delivering a professional and independent opinion to the Board of Commissioners with respect to reports or matters submitted by the Board of Directors to the Board of Commissioners, and carry out other tasks relating to the duties of the Commissioner

 

Meetings of the Audit Committee

  • The Audit Committee holds regular meetings at least once in 3 (three) months.

  • Audit Committee meetings can only be held if attended by more than ½ (one-half) of the number of members;

  • The decisions of the Audit Committee meetings are taken based on deliberation to reach consensus;

  • Each Audit Committee meeting is contained in minutes of meetings signed by all members of the Audit Committee present, including if there are dissenting opinions, and submitted to the Board of Commissioners.

  • If deemed necessary, the Audit Committee can invite Management related to meeting material to attend the Audit Committee meeting.

 

The company has no other committee beside audit committee.

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The Independent Audit Committee Statement

The Audit Committee is in charge of and responsible for providing a professional and independent opinion to the Board of Commissioners with respect to reports or matters submitted by the Board of Directors to the Board of Commissioners, and carry out other tasks relating to the Commissioner duties.

All members of the Audit Committee are independent so they do not have a financial relationship, management, ownership and/or family relations with the Board of Commissioners, the Board of Directors and/or Controlling Shareholders or relationships with PT Panca Global Kapital Tbk which may affect their action to act independently. Composition, qualifications and independence of the Audit Committee have been in accordance with the regulations of Indonesia Stock Exchange and The Capital Market Supervisory Agency.