The Company's Board of Commissioners consists of one President Commissioner and two Independent Commissioners, one of whom also acts as the Chairman of the Company's Audit Committee.
The determination of the number of members of the Board of Commissioners has taken into account the condition of the Company and effectiveness in making decisions. Each member of the Board of Commissioners is selected according to the expertise, knowledge and experience required by their respective fields. The Board of Commissioners assesses performance through the realization and achievement of the Company against the targets set by considering external aspects that affect the Company's Industry.
The Board of Commissioners has a role to ensure the Company's strategy to be carried out and to supervise the Management in managing the Company with full transparency and accountability.
The main tasks of the Board of Commissioners can be described as follows:
- To give advice to the Management in determining the Company's strategy, working plan framework, risk management policies, evaluating the annual business plan and budget, setting up the objective, supervising the implementation and Company's performance, and monitoring the use of Company's capital, investment and assets management.
- To determine the Board of Directors' remuneration and to evaluate the remuneration system for other management, and to ensure the electing process of the Board of Directors member has been fair and transparent.
- To act as a mediator and to resolve any conflict of interest, if any, among the Management, the Board of Directors, or within the Board of Commissioners' member, including if there is an indication of any misuse on Company's assets and transaction manipulation.
- Together with the Company's Audit Committee, to review and evaluate the implementation of Good Corporate Governance and make further improvement if deemed necessary.
- To monitor the transparency process and the effectiveness of internal communication.
As stipulated in the Company's Articles of Association, the honorarium and other allowances provided for all members of the Board of Commissioners are determined by the General Meeting of Shareholders.
During 2025, the Board of Commissioners has held 10 meetings, including 4 meetings with the Board of Directors and the Committee which were all attended by the Board of Commissioners members, Directors Representatives and the Company's Audit Committee.
The topics discussed in the Board of Commissioners meetings are as follows:
- To review and evaluate reports of the Board of Directors regarding the Company's performance in 2024 and the agenda for 2025 AGMS and EGMS.
- To evaluate reports of the Board of Directors on Company's performance for the first six months in 2025.
- To analyze the Board of Directors' proposal on utilization of the financial facilities granted from banking institutions and the annual budget and business plan.
The Company is very concerned with prevailing laws and regulations, including in the financial area. If a member of the Board of Commissioners is proven to have committed a financial crime, he will be asked to resign.