PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 510 1. GENERAL continued
h. Structure and Management continued
2009 2008
Directors President Director
: Agus Martowardojo Agus Martowardojo
Deputy President Director : I Wayan Agus Mertayasa
I Wayan Agus Mertayasa Commercial Banking Director
: Zulkifli Zaini Zulkifli Zaini
Technology Operations Director : Sasmita
Sasmita Special Asset Management Director
: Abdul Rachman Abdul Rachman
Risk Management Director : Sentot A. Sentausa
Sentot A. Sentausa Corporate Secretary, Legal
Customer Care Director : Bambang Setiawan
Bambang Setiawan Corporate Banking Director
: Riswinandi Riswinandi
Treasury International Banking Director : Thomas Arifin
Thomas Arifin Micro Retail Banking Director
: Budi Gunadi Sadikin Budi Gunadi Sadikin
Compliance Human Capital Director : Ogi Prastomiyono
Ogi Prastomiyono
Effectively resigned on 20 May 2010. The release and discharge acquit et de charge of his role as a President Director from 1 January 2010 up to 20 May 2010 will be decided in the Annual General Shareholders’ Meeting which will be held in 2011.
Until the closing of Annual General Shareholders’ Meeting on 17 May 2010.
As at 31 December 2010, 2009 and 2008, the members of Bank Mandiri’s Audit Committees are as follows:
2010 2009
2008
Chairman, concurrently as member :
Gunarni Soeworo Gunarni Soeworo
Gunarni Soeworo Member
: Mahmuddin Yasin
Soedarjono Soedarjono
Member :
Krisna Wijaya Zulkifli Djaelani
Zulkifli Djaelani Member
: Zulkifli Djaelani
Imam Soekarno Imam Soekarno
Member :
Imam Soekarno -
-
Since closing of Extra-Ordinary General Shareholders’ Meeting on 5 July 2010 and becames effective as member of Audit Committee, related to appointment as Independent Commissioner as per Bank Indonesia’s approval on 25 October 2010.
Until the closing of Annual General Shareholders’ Meeting on 17 May 2010.
As at 31 December 2010, 2009 and 2008, the members of Bank Mandiri’s Remuneration and Nomination Committees are as follows:
2010 2009
2008
Chairman, concurrently as member : Edwin Gerungan
Edwin Gerungan Edwin Gerungan
Member : Muchayat
Muchayat Muchayat
Member : Gunarni Soeworo
Soedarjono Soedarjono
Member : Mahmuddin Yasin
Pradjoto Pradjoto
Member : Pradjoto
Gunarni Soeworo Gunarni Soeworo
Member : Cahyana Ahmadjayadi
Mahmuddin Yasin Mahmuddin Yasin
Member : Krisna Wijaya
- -
Secretary ex-officio : Ridzki Juniadi
Kresno Sediarsi Kresno Sediarsi
Since closing of Annual General Shareholders’ Meeting on 17 May 2010 and becames effective as member of Remuneration and Nomination Committee, related to appointment as Commissioner as per Bank Indonesia’s approval on 25 October 2010.
Since closing of Extra-Ordinary General Shareholders’ Meeting on 5 July 2010 and becames effective member of Remuneration and Nomination Committee, related to appointment as Independent Commissioner as per Bank Indonesia’s approval on 25 October 2010.
Until the closing of Annual General Shareholders’ Meeting on 17 May 2010. Since the closing of Annual General Shareholder’s Meeting on 29 Mei 2008
On 26 May 2010, the Board of Commissioners decided to merge the Risk Monitoring and Good Corporate Governance Committee to become Risk Monitoring and Good Corporate Governance
Committee.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 511 1. GENERAL continued
h. Structure and Management continued
As at 31 December 2010, the members of Bank Mandiri’s Risk Monitoring and Good Corporate Governance Committees are as follows:
Chairman concurrently as member : Pradjoto
Member :
Edwin Gerungan Member
: Muchayat
Member :
Cahyana Ahmadjayadi Member
: Krisna Wijaya
Member :
Tama Widjaja Secretary ex-officio
: Lisana Irianiwati
Since closing of Annual General Shareholders’ Meeting on 17 May 2010 and becames effective as member of Risk Monitoring and Good Corporate Governance Committee, related to appointment as Commissioner as per Bank Indonesia’s approval on 25 October 2010.
Since closing of Extra-Ordinary General Shareholders’ Meeting on 5 July 2010 and becames effective as member of Risk Monitoring and Good Corporate Governance Committee, related to appointment as Independent Commissioner as per Bank Indonesia’s approval on 25 October 2010.
As at 31 December 2009 and 2008, the members of Bank Mandiri’s Risk Monitoring Committees were as follows:
2009 2008
Chairman concurrenly as member: Soedarjono
Soedarjono Member
: Edwin Gerungan
Edwin Gerungan Member
: Gunarni Soeworo
Gunarni Soeworo Member
: Tama Widjaja
Tama Widjaja Secretary ex-officio
: Pardi Sudradjat
Pardi Sudradjat
Until the closing of Annual General Shareholders’ Meeting on 17 May 2010.
As at 31 December 2009 and 2008, the members of Bank Mandiri’s Good Corporate Governance Committees comprised of the following:
2009 2008
Chairman concurrenly as member: Muchayat
Muchayat Member
: Gunarni Soeworo
Gunarni Soeworo Member
: Mahmuddin Yasin
Mahmuddin Yasin Member
: -
Anwar Isham Secretary ex-officio
: Mustaslimah
Mustaslimah
Since closing of Annual General Shareholders’ Meeting on 29 May 2008. Effectively resigned on 01 January 2009.
As at 31 December 2010, 2009 and 2008 Bank Mandiri has a total of 25,236 employees, 22,909 employees and 22,408 employees unaudited, respectively.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Directors are responsible for the preparation of the consolidated financial statements of the Bank and Subsidiaries “Group” which have been completed on 30 March 2011.
The principal accounting policies adopted in preparing the consolidated financial statements of the Bank and Subsidiaries are set out below:
a. Basis of Preparation of the Consolidated Financial Statements
The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in Indonesia: Statements of Financial Accounting Standards “SFAS”
Regulations of Bank Indonesia, Regulation of Capital Market Supervisory Board and Financial Institution Bapepam-LK No VIII.G.7 regarding “Financial Statements
Presentation Guidelines” included in the Appendix of the Decree of the Chairman of the Bapepam-LK No. KEP-06PM2000
dated 13 March 2000 and Circular Letter No. SE-02BL2008 dated 31 January 2008 regarding “the Guidelines on Financial Statement Presentations and Disclosures for issuers or Public Companies
in General Mining, Oil and Gas and Banking Industry”.