Purpose
This Charter establishes the governance framework for the Board, ensuring effective leadership, strategic oversight, accountability, risk supervision and institutional governance compliance.
Board Structure
| Position | Role |
|---|---|
| President Director | Chief Executive Leadership |
| Director | Operational Management |
| Commissioner | Independent Oversight |
| Shareholders | Ultimate Strategic Authority |
Current Board Composition
| Name | Position |
|---|---|
| Sapta Riswandy | President Director |
| Neneng Siti Maryam | Director |
| David Lokatili | Commissioner |
Board Responsibilities
- Approve corporate strategy.
- Approve annual business plans.
- Approve financing transactions.
- Approve major capital expenditure.
- Monitor risk management.
- Monitor ESG commitments.
- Oversee project finance compliance.
- Protect stakeholder interests.
Reserved Matters
| Decision | Approval Required |
|---|---|
| New Debt Financing | Board Approval |
| Major Asset Disposal | Board Approval |
| Project Finance Facility | Board Approval |
| Capital Increase | Board & Shareholders |
| Dividend Declaration | Board & Shareholders |
| Mergers & Acquisitions | Board & Shareholders |
Board Meetings
| Item | Requirement |
|---|---|
| Regular Meetings | Quarterly |
| Special Meetings | As Required |
| Quorum | Majority of Board Members |
| Minutes | Mandatory |
| Resolutions | Recorded and Archived |
Board Committees
- Risk Management Committee.
- Audit & Compliance Committee.
- Finance & Treasury Committee.
- ESG & Sustainability Committee.
- Project Oversight Committee.
Governance Statement
The Board shall operate in accordance with applicable laws, corporate governance principles, lender requirements, project finance obligations and institutional best practices.