Member of the Board of Directors Director is a member of the

1 3

7. Board of Directors, is an organ of the Company which is fully

responsible, based on the Company’s Articles of AssociationGMOS Regulations, in implementing the Work Programme 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 according to the provisions of Articles of Association and prevailing legislation;

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

behalf of the Company that includes the Board of Commissioners, Supporting Organ of the Board of Commissioners, Board of Directors, permanent and non permanent Employees.

9. Day is a calendar day instead of effective working day, unless stated

otherwise in the guidelines;

10. Independent Commissioner is a member of the Board of

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

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

Commissioners that assists the Board of Commissioner fullfilling its duties and responsibilities in reviewing the effectiveness of the internal control systems, the effectiveness of the task implementation of external and internal auditors. 12. Risk Management, Investment and Good Corporate Governance RMIG Committees are committees established by the Board of Commissioners to assist the implementation of tasks and functions of the Board of Commissioners by providing professional and independent opinion to the Board of Commissioners related to the monitoring of risks, Investment and GCG.

13. The Annual Report is the Annual Management Report as referred to in

the legislation.

14. Vacant Position of the Board Of Commissioners, is when

Independent Commissioner is less than 20 or if the President Commissioner passed away; the tenure ends; is dismissed based on GMOS and no longer meet the requirements as a member of the Board of Directors based on the Arcticles of Association and legislation; resigning; prolonged aching being absent due to illness according to 3 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