Meetings by Electronic Media

1 45 2 Each member of the Board of Directors who participates is considered present in the meeting to determine the fulfillment of quorum requirements of the presence and resolution of the Board of Directors. 3 The place where the Chairman of the meeting is participating, is considered as the venue of the meeting 4 The minutes of the meeting should be circulated and signed by the Chairman of the meeting and all members of the Board of Directors who participated, in accordance with the dates of the meeting held. 5 Each Member of the Board of Directors who is present or not present has the right to receive a copy of the minutes of meeting of the Board of Directors. 6 The use of electronic media in conducting the meeting should be determined by the Board of Directors by referring to the prevailing legislation regarding electronic information and transactions

k. Monitoring and evaluation of the implementation of the previous meeting results

The Board of Directors appoints member of the Board of Directors to take the responsibility on decisions that resulted in the meeting of the Board of Directors, in accordance with the scope of their duties. Member of the Board of Directors should delegate the decision to the related Head of Work Unit no later than 7 seven days after the decision is signed by the Board of Directors and the Corporate Secretary prepares the monitoring matrix of the implementation of the decision of the Board of Directors Meeting as a form of evaluation that can be used in the next Board of Directors Meeting. F. INDEPENDENCE OF THE BOARD OF DIRECTORS The independence of the Board of Directors is very important in order for the Board of Directors can act at its best for the interests of the Company as a whole. To maintain the Independence, the Company determines the following provisions: 45 CHAPTER I INTRODUCTION CHAPTER II BOARD OF DIRECT ORS BOD CHAPTER III BOARD OF COMISSIONERS BOC CHAPTER IV ACTIVITY AMONG COMP ANY’S ORGAN CHAPTER V CLOSING 1 46 1. Shareholderscapital owners are not allowed to interfere in the Company’s operational activities, that is the responsibility of the Board of Directors in accordance with the provisions of the Articles of Association of the Company and prevailing legislations. 81 2. Other than organ of the Company, any other parties are prohibitied to perform or interfere in the management of the Company. 82 3. Directors are prohibited from conducting activities that can interfere their independence in managing the Company. G. DETERMINATION OF THE COMPANY MANAGEMENT POLICY The Company management policy is a decision or action taken by the Board of Directors in managing, directing and controlling the activities of a particular work activity or completing a certain issue, where the substance of the concerned issue or work activities has not been regulated in a standard rule. In setting the policy, the Board of Directors must comply with: 1. Policy taken through meetings of the Board of Directors or can also be a policy taken individually without any intended meeting. 2. Policy taken is something which substance is concerning the image of the Company, the material risks or consequences, then such policy must obtain approval of the meeting of the Board of Directors. Further elaboration regarding the Companys image, risk and materiality is outlined in the policy. a. In the event that the above policy is carried out by the Director of the Company, the relevant Director is responsible for the policy so that can be approved by the Board of Directors meeting. b. In the event that the policy adopted by the Board of Directors has the same substance and is carried out continuously, so that it becomes daily needs of the Company, then the Director concerned needs to propose it to the Board of Directors to make the policy, which he performs, become a binding rule. 3. In taking the policy or decision on an issue, each Director is obligated to consider the followings: a. Good faith, b. Rational consideration and adequate information, ϴϭ Regulation of the Minister of SOE No. PER-09MBU2012 Article 11 82 Government Regulations No 45 of 2001 Article 39 46