GooD CorPorAte GoverNANCe iMPLeMeNtAtioN

GooD CorPorAte GoverNANCe iMPLeMeNtAtioN

The Board of Commissioners constantly implements its supervisory and advisory duties through the application of Good Corporate Governance (GCG) principles. The implementation is considered enhanced and has commended it as the basis for the Company’s operational activities.

GCG implementation is compliant with Capital market Regulations Number IX.I.5 concerning Guidelines for the Implementation of Audit Committee’s Work, Law No. 40 of 2007 regarding the Limited Liability Company, and Law

Dewan Komisaris menilai kinerja manajemen tahun 2011 sungguh memuaskan, untuk itu Dewan Komisaris memberikan apresiasi yang tinggi terhadap capaian prestasi Antam.

The Board of Commissioners is pleased to provide an assessment of the management performance in 2011 as remarkable; and the Board expresses our utmost appreciation on Antam's achievements

LAPORAN TAHUNAN 2011 | Perusahaan Perseroan (Persero) PT Aneka Tambang Tbk Berinvestasi Saat Ini untuk Masa Depan

Report From the Board of Commissioners

2009 tentang Minerba dan Undang-Undang Nomor 19 Tahun 2003 tentang BUMN yang dijabarkan lebih lanjut dalam Kepmen BUMN Nomor: KEP-117/M-MBU/2002 yang diperbaharui dengan Permen BUMN Nomor: PER-01/ MBU/2011 tentang Penerapan Praktek Good Corporate Governance pada BUMN, serta Peraturan Pencatatan Australian Securities Exchange (ASX). Berpedoman kepada peraturan perundangan tersebut Dewan Komisaris dibantu oleh lima Komite Penunjang yaitu Komite Audit, Komite GCG, Komite Manajemen Risiko, Komite Nominasi, Remunerasi dan Pengembangan Sumber Daya Manusia (NRPSDM), dan Komite Corporate Social Responsibility dan Pascatambang (CSRLPT) yang bekerja sesuai dengan Pedoman Kerja (Charter) masing-masing.

Sejak Rapat Umum Pemegang Saham Tahunan Antam pada tanggal 14 Juni 2011, bauran kompetensi Dewan Komisaris semakin lengkap dengan dikukuhkannya Drs. Sri Mulyanto, M.Sc dan Prof. Bambang Permadi Soemantri Brodjonegoro, SE, MUP, Ph.D. yang berlatar belakang keuangan, sebagai anggota Dewan Komisaris Antam yang baru. Sehingga komposisi Dewan Komisaris mulai akhir Triwulan II bertambah menjadi 6 orang dimana dua diantaranya (atau lebih dari 30%) merupakan Komisaris Independen. Setiap komite diketuai oleh salah seorang anggota Dewan Komisaris dimana tugas serta tanggung jawabnya didasarkan pada charternya masing-masing.

Rencana Kerja Tahunan Dewan Komisaris terdiri dari dua kelompok yaitu program kerja yang langsung menjadi perhatian khusus Dewan Komisaris dan program kerja yang merupakan penjabaran lebih lanjut dari program kerja Dewan Komisaris ke tingkat Komite yang akan merupakan program kerja rutin Komite Penunjang Dewan Komisaris.

Program Kerja Dewan Komisaris yang memerlukan perhatian khusus dijadikan agenda untuk dibicarakan dalam rapat rutin bulanan di tingkat internal Dewan Komisaris, dan dalam rapat rutin bulanan Dewan Komisaris yang mengundang Direksi di mana setiap anggota Direksi melaporkan kemajuan pekerjaan dalam lingkup tugasnya masing-masing sehingga fungsi pengawasan dan penasihatan dapat berjalan dengan sangat efektif sepanjang tahun.

Di sisi lain program kerja rutin diagendakan dan dibahas lebih teknis dalam rapat rutin internal bulanan Komite Penunjang Dewan Komisaris dan/atau rapat Komite Penunjang Dewan Komisaris yang mengundang mitra kerja yang berada di jajaran manajemen yang dipimpin langsung oleh Ketua

No. 4 of 2009 regarding Minerals and Coal Mining and Law Number 19 of 2003 regarding State Owned Companies, which was further elaborated within the Minister’s Decree Number KEP-117/M-MBU/2002 and amended through the State Owned Enterprises Minister’s Regulation Number: PER-01/ MBU/2011 concerning the Implementation of Good Corporate Governance Practices within State-Owned Companies, as well as the Australian Securities Exchange Listing Regulations (ASX). Based on these regulations, the Board of Commissioners is assisted by five Supporting Committees, namely Audit Committee, GCG Committee, Risk management Committee, Nomination, Remuneration and Human Resources Committee, and CSR and Post-mining Committee that work on the basis of their respective Charters.

The Board of Commissioner’s competencies was complemented further since Antam’s Annual General Shareholders Meeting held on June 14, 2011 that endorsed Drs. Sri Mulyanto, M.Sc and Prof. Bambang Permadi Soemantri Brodjonegoro, SE, MUP, Ph.D. with finance background, as the new members of Antam’s Board of Commissioners. As a result, the composition of the Board of Commissioners as of the end of Second Quarter comprising 6 members with two (or over 30%) Independent Commissioners. Each committee is chaired by

a Commissioner, whose task and responsibilities are based on their respective charters.

The Board of Commissioner’s Annual Work Plan consists of two groups, namely a work program that directly requires the Board of Commissioner’s special attention, and a work program that serves as a reflection of the Board of Commissioners work program to the Committee level. The latter will become the work program for the Supporting Committees of the Board of Commissioners.

The Board of Commissioner’s Work Program that requires special attention is included in the discussion agenda during routine meetings at the Board of Commissioner’s internal level, and within the routine monthly meeting of the Board of Commissioners with the Directors. In the latter meeting, the Directors report the progress of their respective areas of responsibility. These meeting have enabled us to effectively monitor and implement advisory function throughout the year.

On the other hand, the routine work program is scheduled and discussed in more technical terms during the monthly internal meeting of the Board of Commissioners Supporting Committees and/or the Board of Commissioners Supporting Committees that invite Management of the

Komite terkait yang juga merupakan anggota Dewan Company to meeting chaired by the Chairman of the Komisaris. Dengan demikian Dewan Komisaris sepanjang

respective committee who is also a member of the Board tahun dengan cermat mengawasi pengelolaan perusahaan

of Commissioners. Therefore, throughout the year, the yang dilaksanakan Direksi dari berbagai aspek, yaitu:

Board of Commissioners closely supervises the Directors’ aspek Good Corporate Governance, aspek operasional/

management of the Company from various aspects, penutupan/pascatambang, aspek pengendalian internal

including Good Corporate Governance, operational/closure/ berbasis pengelolaan risiko, aspek keuangan, aspek

post-mining, risk-based internal control, finance, human pengelolaan Sumber Daya Manusia, aspek tanggung jawab

resources, corporate social responsibility and environment, sosial dan lingkungan, aspek pertumbuhan/proyek-proyek,

development/projects, all of whose performance are duly yang kesemuanya berakhir pada penilaian dan pengawasan

evaluated and monitored.

atas kinerja perusahaan secara utuh. Dewan Komisaris juga untuk pertamakalinya telah

The Board of Commissioners, for the first time, has also melaporkan Key Performance Indicator-nya pada RUPS

reported its Key Performance Indicator at the Annual tanggal 14 Juni 2011 sebagai tolok ukur penilaian hasil

General Shareholders Meeting on June 14, 2011 as a kerjanya. Peran Komite GCG kami rasakan sangat membantu

benchmark performance evaluation. We believe the dalam mengawal penerapan GCG di Antam.

role of GCG Committee is very helpful in ensuring the implementation of GCG within Antam.

PeNgeNDALiAN PeRUSAhAAN

the CoMPANy CoNtroL

Kami menyadari bahwa Antam sudah tidak termasuk We realize that Antam can no longer be classified as a low salah satu low cost ferronickel & gold producer karena

cost ferronickel and gold producer due to the rising trend kecenderungan adanya kenaikan biaya produksi. Penyebab

in production costs. This increase is affected by various kenaikan biaya produksi tersebut diakui sebagai akibat

factors, both internal as well as external, including fuel pengaruh dari banyak faktor, baik dari internal maupun

prices. Meanwhile, internal factors are more likely to be dari luar seperti harga BBM. Faktor internal seharusnya

controlled. For that reason, we constantly remind the dapat dikendalikan. Untuk itulah kami secara terus menerus

Directors to implement an efficiency program. mengingatkan Direksi agar melakukan program efisiensi yang merupakan salah satu agenda rapat setiap bulan.

Hasil program efisiensi ini cukup positif, dimana dalam tahun The outcome of the efficiency program was quite positive, 2011 tingkat efisiensi melonjak cukup tajam sebesar 136% jika

whereby in 2011, the efficiency level rose sharply by as much as dibandingkan dengan tahun 2010 (nilai penghematan tahun

136% compared to efficiency level in 2010 (value of efficiency 2011 sebesar Rp72,1 miliar dibandingkan dengan tahun 2010

in 2011 was Rp72.1 billion compared to Rp30.5 billion in sebesar Rp30,5 miliar). Selain itu kami meminta agar Direksi

2010). Moreover, we also request the Directors to improve meningkatkan pengendalian internal (internal control) dan

risk-based internal control and business management pengelolaan usaha berbasis risiko serta menghindari adanya

as well as to avoid violations in its implementation. We penyimpangan-penyimpangan dalam pelaksanaannya.

believe the Audit Committee has helped us considerably by Kami merasa banyak dibantu oleh Komite Audit yang secara

intensively reviewing the Company’s financial performance intensif melakukan review dalam bidang keuangan dan

and internal control.

pengendalian internal perusahaan. Berdasarkan hasil pemeriksaan atas Laporan Keuangan

Based on the Company's Financial Statements review in Perseroan selama tahun 2011 yang diaudit Kantor Akuntan

2011 that was audited by the Public Accounting Firm of Publik (KAP) Purwantono, Suherman & Surja yang

Purwantono, Suherman & Surja, a member firm of Ernst merupakan member firm of Ernst & Young Global telah

& Young Global, the Company’s consolidated financial memberi opini bahwa laporan keuangan konsolidasian telah

statement has been accorded the opinion of fair in all menyajikan secara Wajar Dalam Semua Hal Yang Material.

material things.

2011 ANNUAL REPORT | Perusahaan Perseroan (Persero) PT Aneka Tambang Tbk Investing Today Benefiting Tomorrow

LAPORAN TAHUNAN 2011 | Perusahaan Perseroan (Persero) PT Aneka Tambang Tbk Berinvestasi Saat Ini untuk Masa Depan