PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 511 1. GENERAL continued
h. Structure and Management continued
As at 31 December 2011, Bank Mandiri has overseas branches located in Cayman Islands, Singapore, Hong Kong, Timor Leste and Shanghai People’s Republic of China.
Bank Mandiri has obtained branch establishment license from China Banking Regulatory Commission on 3 November 2010. The Shanghai branch commenced its operations on 17
November 2011.
To support Bank Mandiri’s vision to be Indonesia’s most admired and progressive financial institution, Bank Mandiri has amended its organisation structure into Strategic Business Units SBU.
In general, SBU consists of three major groups, which are: 1. Business Units, responsible for the Bank’s main business development consists of 6 six
Directorates namely Institutional Banking, Corporate Banking, Commercial Business Banking, Consumer Finance, Micro Retail Banking and Treasury, Financial Institution Special Asset
Management; 2. Corporate Center, responsible for the management of the Bank’s critical resources and providing
support for the Bank’s policies, consisting of 3 three Directorates which are Risk Management, Compliance Human Capital and Finance Strategy;
3. Shared Services, as a supporting unit to the Bank’s operational activities and is managed by the Directorate of Technology Operations.
As at 31 December 2011 and 2010 , the members of Bank Mandiri’s Board of Commissioners and Directors are as follows:
2011 2010
Board of Commissioners Chairman and Independent
Commissioner : Edwin Gerungan
Edwin Gerungan Deputy Chairman
: Muchayat Muchayat
Commissioner : Mahmuddin Yasin
Mahmuddin Yasin Commissioner
: Cahyana Ahmadjayadi Cahyana Ahmadjayadi
Independent Commissioner : Pradjoto
Pradjoto Independent Commissioner
: Gunarni Soeworo Gunarni Soeworo
Independent Commissioner : Krisna Wijaya
Krisna Wijaya
2011 2010
Board of Directors President Director
: Zulkifli Zaini Zulkifli Zaini
Deputy President Director : Riswinandi
Riswinandi Institutional Banking Director
: Abdul Rachman Abdul Rachman
Risk Management Director : Sentot A. Sentausa
Sentot A. Sentausa Micro Retail Banking Director
: Budi Gunadi Sadikin Budi Gunadi Sadikin
Compliance Human Capital Director : Ogi Prastomiyono
Ogi Prastomiyono Finance Strategy Director
: Pahala N. Mansury Pahala N. Mansury
Corporate Banking Director : Fransisca N. Mok
Fransisca N. Mok Commercial Business Banking Director : Sunarso
Sunarso Technology Operations Director
: Kresno Sediarsi Kresno Sediarsi
Treasury, Financial Institution Special Asset Management Director
: Royke Tumilaar Thomas Arifin
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 512 1. GENERAL continued
h. Structure and Management continued
As at 31 December 2011 and 2010 , the members of Bank Mandiri’s Audit Committees are as follows:
2011 2010
Chairman, concurrently as member : Gunarni Soeworo Gunarni Soeworo
Member : Krisna Wijaya
Mahmuddin Yasin Member
: Cahyana Ahmadjayadi Krisna Wijaya
Member : Zulkifli Djaelani
Zulkifli Djaelani Member
: Imam Soekarno Imam Soekarno
As at 31 December 2011 and 2010 , the members of Bank Mandiri’s Remuneration and Nomination Committees are as follows:
2011 2010
Chairman, concurrently as member : Edwin Gerungan Edwin Gerungan
Member : Muchayat
Muchayat Member
: Gunarni Soeworo Gunarni Soeworo
Member : Mahmuddin Yasin
Mahmuddin Yasin Member
: Pradjoto Pradjoto
Member : Cahyana Ahmadjayadi
Cahyana Ahmadjayadi Member
: Krisna Wijaya Krisna Wijaya
Secretary ex-officio : Sanjay Bharwani
Sanjay Bharwani As at 31 December 2011 and 2010, the Risk Monitoring and Good Corporate Governance
Committee Bank Mandiri are as follows:
2011 2010
Chairman, concurrently as member : Pradjoto Pradjoto
Member : Edwin Gerungan
Edwin Gerungan Member
: Muchayat Muchayat
Member : Cahyana Ahmadjayadi
Cahyana Ahmadjayadi Member
: Krisna Wijaya Krisna Wijaya
Member : Tama Widjaja
Tama Widjaja Secretary ex-officio
: Lisana Irianiwati Lisana Irianiwati
As at 31 December 2011 and 2010 Bank Mandiri has a total of 27,907 and 25,236 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 7 March 2012.
The principal accounting policies adopted in preparing the consolidated financial statements of the Bank and Subsidiaries are set out below:
The consolidated financial statements have been prepared in accordance with Indonesian Financial Accounting Standards “IFAS”, and Regulation of the 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 as amended by the Decree of the Bapepam-LK No. KEP-554BL2010 dated 30 December 2010 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”.
