Related to Implementation of Good Corporate Governance GCG

1 76 b Evaluation is a program to describe the follow up of implementation and application of GCG in the Company to be carried out in the following year after the assesment. This includes evaluation of the assessment results and follow up of the recommended improvement. c The assesment is conducted by an independent assessor appointed by the Board of Commissioners through the process in accordance with the provisions of procurement of goods and services in which, if it is necessary, the Board of Commissioners may ask for the Board of Directors‘s assistance in the appointment process. 155 d A self-assessment can be done by the Company concerned of which the implementation can be discussed with or may ask for assistance from an independent assessor or use government agencies which are competent in GCG. e Result of assessment and evaluation is reported to the GMOS in the Annual Report. h. Related to Implementation of Risk Management 1 Conduct an evaluation of the implementation of Risk Management in the Company, especially priority risk, included but not limited to policy and implementation of risk management in the Company, strategy, system, methodology and infrastructure, as well as risk handling. 2 Conduct a review on the effectiveness of the management of the Company from risk management aspect in an integrated manner as a recommendation of the Board of Commissioners. 3 Evaluate the investment policies and identify and asses the potential risks. 4 Evaluate the stage of investment and risk management processes of the Company starting from identification to disclosure as well as risk mitigation. 5 Assess the risk of project and investment plans of the Company, to further provide opinions or advices related to the continuation of the projects. 155 Regulation of the Minister of SOE No. PER-09MBU2012 Article 44 Paragraph 3 76 1 77

i. Related to Internal Control System

1 Ensure the effectiveness of internal control systems. 156 2 Ensure the task execution of Internal Auditor and External Auditor, by assessing the competence, independence and scope of duties of Internal Auditor and External Auditor as well as reviewing the complaints received by the Board of Commissioners relating to the Company. 157 3 Ensure Internal Audit, External Audit and Audit Committe have access to obtain information of the Company in performing their duties. 4 Assess the fairness of information prepared for other party, particulary in the financial statements and annual reports. 5 Establish the Audit Committee. 158 6 Examine and review the reports from the available committees under the Board of Commissioners.

j. Related to Information Disclosure and Confidentiality

1 Monitor the process of openness and effectiveness of communications within the Company. 2 Supervise the fairness of data, completeness, and punctuality of the Company information that includes but not limited to financial report, annual report which delivered by the Company to the shareholder as well as the Company stakeholder. 3 To supervise the information submitted to the public is in accordance with the prevailing legislation

k. Related to Information Technology

1 Obtain information on the IT systems used by the Company including but not limited to policy and its implementation as well as the application used and its security. 2 Provide direction on the implementation and plan of IT systems applied by the Company.

l. Related to Reporting

1 Report to the Company regarding hisher andor hisher family share ownership in the Company and any other company 159 , 156 Decree of the Secretary of the Ministry of SOE No SK-16S.MBU2012 Aspect III Paremeter 16.51 157 Decree of the Secretary of the Ministry of SOE No.SK-16S.MBU2012 Aspect III Paremeter 17.62 158 Article of Association of PT SUCOFINDO PERSERO Article 15 Paragraph 2.b.9 77 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 78 including any changes to be recorded in the Specific List in accordance with the prevailing legislation. 2 Submit a wealth report in accordance with the provisions of the prevailing legislation.

m. Other Duties

1 Comply with the provisions of the prevailing legislation, the Articles of Association, and the GCG guidelines as well as the Company policies that have been set up. 2 Establish segregation of duties that is governed by the Board of Commissioners, the segregation must cover all duties of the Board of Directors. 3 Keep abreast the development of the Company activities, both from the internal information provided by the Company or from an external information that comes from media or from other sources. 4 Conduct other obligations in order to carry out the supervisory task and providing advice, as long as it is not contrary to the regulations, Articles of Association, andor GMOS resolution. 160 In carrying out their duties each Member of the Board of Commissioners must: a. Comply with the Articles of Association and legislations as well as the principles of professionalism, efficiency, transparency, independence, accountability, responsibility and fairness. 161 b. Act in good faith, prudence and responsible in performing the supervisory task and providing advice to the Board of Directors for the benefit of the Company and in accordance with the purpose and objectives of the company. 162 c. Have integrity, professional and responsible as well as implement the principles of GCG. d. Maintain the confidentiality of the Company data andor information. e. Each member of the Board of Commissioners is personally responsible for losses of the Company when the member concerned is found guilty or negligent in performing his task. 163 159 Article of Association of PT SUCOFINDO PERSERO Article 15 Paragraph 2.b.12 160 Article of Association of PT SUCOFINDO PERSERO Article 15 Paragraph 2.b.14 161 Article of Association of PT SUCOFINDO PERSERO Article 15 Paragraph 3.a 162 Article of Association of PT SUCOFINDO PERSERO Article 15 Paragraph 3.b 163 Article of Association of PT SUCOFINDO PERSERO Article 15 Paragraph 4 78