Subsidiary is a limited company that is majority owned by the Company

1 C HA P T E R I IN T R O D U C T IO N C HA P T E R I I T H E PR IN C IPL ES O F G O O D C O R PO R A T E G O VER N A N C E C HA P T E R I I I T H E C O MP A N Y O R G A N S C HA P T E R I V T H E C O MP A N Y’ S PR IN C IP A L PO L IC Y C HA P T E R V I MA N A G EMEN T O F R EL A T IO N - SH IP W IT H ST A K EH O L D ER S C HA P T E R V I I IMPL EMEN T A T IO N O F G U ID EL IN ES C HA P T E R V I I I C L O SI N G C HA P T E R V MA N A G EMEN T O F SU B SI D IA R IES 9 9

4. Chief Compliance Officer CCO, is the official who is responsible for

receiving and following up any reports of irregularitiesfraud or other violations, as well as evaluating and monitoring the compliance of the implementation of business ethics and code of conduct in the Company.

5. The Board of Commissioners is the organ of the Company that is in

charge of supervising the Company in general andor specific, as well as providing advice to the Board of Directors in operating and managing the Company.

6. The Board of Directors is the organ of the Company that is fully

responsible based on the Articles of AssociationGMOS Regulations of the Company in implementing the Work Program of PT SUCOFINDO PERSERO and managing the Company for the interests and objectives of the Company, as well as representing the Company both inside and outside the court in accordance with the provisions of the Articles of Association and the prevailaing legislation.

7. The day referred to in this document is calendar day instead of effective

working day unless otherwise stated in this guide.

8. Insan SUCOFINDO is all personnel, who work for the interests and on

behalf of PT SUCOFINDO PERSERO, includes members of the Board of Commissioners, Supporting Organ of the Board of Commissioners, members of the Board of Directors, Permanent Employees and Non Permanent Employees.

9. Audit Committee is a committee established by the Board of

Commissioners, which assists that Board of Commissioners to fulfill its duties and responsibilities in reviewing the effectiveness of internal control systems, the effectiveness of the implementation of the tasks of external auditors and internal auditors.

10. Independent Commissioner, is a member of the Board of

Commissioners who does not have any financial, management, share ownership andor family relationship with other members of the Board of Commissioners, members of the Board of Directors andor controlling shareholders, or relationship with the Company, which could affect its ability to act independently.

11. Creditor, is a legal entity that lends or provide fundsor its equivalent to

the Company for a certain period under the terms and conditions agreed upon.

12. Management, is the Board of Directors and officers 1 one level below

the Board of Directors, who assists the maintenance and management of the Company in accordance with the Companys organizational structure.