Corporate Governance Commitment Corporate Governance Structure

Annual Report 2013 PT Bank Mandiri Persero Tbk.

I. Corporate Governance Commitment

During the formulation of the Bank Mandiri Governance Commitment, the Bank also launched a process of cultural revitalization in order to provide greater conidence and assurance. Revitalization was carried out through the adoption of a new corporate culture, known as “TIPCE,” namely: Trust, Integrity, Professionalism, Customer Focus and Excellence, while the Company’s vision was also revitalized so as to become “To be Indonesia’s Most Admired and Progressive Financial Institution.” These changes were incorporated into the Bank Mandiri 2010-2014 Corporate Plan. For the future, Bank Mandiri is aiming to become the No. 1 bank in ASEAN and to be a major regional player.

II. Corporate Governance Structure

To support the achievement of the vision, mission and strategies of Bank Mandiri, improvements to the organizational structure of the Bank continue to be made. These changes are intended to ensure a robust system of checks and balances, and clear and unequivocal accountability on the part of each corporate organ. The application of Good Corporate Governance has been carried out systematically and consistently based on a set of practical guidelines. The Board of Commissioners has established subordinate committees to strengthen oversight functions. These committees assist the Board of Commissioners in the performance of its duties and responsibilities, and in formulating policies in line with their respective areas of focus. The committees are established by Board of Commissioners’ resolution. Management has also established a number of supporting units to control, oversee and take charge of the implementation of good corporate governance and to act as partners of the committees established by the Board of Commissioners. These units consist of the Oice of the Corporate Secretary and the Internal Audit and Compliance Unit, which are accountable directly to the CEO. corporate governance summary Annual Report 2013 PT Bank Mandiri Persero Tbk. COMPANY GOVERNANCE STRUCTURE Transparency Board of Commissioners’ Secretariat Audit Committee Remuneration Nominations Committee Risk Monitoring and GCG Committee Asset Liabilities Committee Credit Committee IT Committee Business Committee Capital Subsidiaries Committee Risk Management Committee Human Capital Policy Committee Responsibility PRINCIPAL ORGANS SUPPORT ORGANS Accountability Independency Fairness AGM Board of Commissioners Directors Check Balances Corporate Secretary Bank Mandiri has structures and policies that support the implementation of Corporate Governance Corporate Governance Policy and a Code of Conduct, both of which are set out in the Company’s Sustainability Charter, along with other matters. In addition, Bank Mandiri has corporate organizational guidelines to assist the organs of the Company in carrying out their duties. These include internal rules governing to work of the Board of Commissioners and the Board of Directors, charters of the committees that are accountable to the Board of Commissioners and committee resolutions at the Board of Directors’ level. Bank has also prepared a policy and procedure architecture that explains the hierarchy and categories of policies procedures. This architecture supports the consistent application of corporate governance and is published on the internal portal as a guide for the preparation of written procedures and policies governing all activities in Bank Mandiri. The said policies and procedures are continuously reviewed and updated in line with the latest developments, and changes in the applicable laws and regulations Order Architectural Drafting Policies and Procedures based Principles of Corporate Governance corporate governance summary Annual Report 2013 PT Bank Mandiri Persero Tbk. corporate governance summary Policy Procedure Architecture based on GCG Principles Requirements for Written Policies Procedures AoA Sustainability Principle Values P ro c e dur Pol icy T R A N S P A R A N S I T A N G G U N G J A W A B A K U N T A B I L I T A S I N D E P E N D E N S I K E W A J A R A N T R A N S P A R E N C Y R E S P O N S I B I L I T Y A C C O U N T A B I L I T Y I N D E P E N D E N C Y F A I R N E S S

III. Mechanism of Corporate Governance