Committees

IIF follows key world-class corporate governance principles that are formulated by its international founding shareholders and adhere strictly to the principles espoused by its shareholders.

The good corporate governance in IIF is applied through numerous committees that provide governance support to the BoC and BoD in carrying out their duties and responsibilities.

Committees under Board of Commissioners

Audit Committee

The Audit Committee was formed by the BoC to support the supervisory function, primarily in dealing with internal control, accounting policy, financial reporting, and internal and external auditors.

Position in Committee Name Position in Company
Interim Chairman Rinaldi Firmansyah Independent Commissioner
Member Darmin Nasution President Commissioner / Independent Commissioner
Member Asep Hikmat Audit Committee Member

Audit Committee Charter

Investment Committee

The Board of Commissioners - Investment Committee (BoC-IC) was formed to provide a supervisory function, in particular in dealing with IIF's investment proposals, portfolio, and strategies

Position in Committee Name Position in Company
Chairman Darmin Nasution President Commissioner / Independent Commissioner
Member Rinaldi Firmansyah Independent Commissioner
Member Bhimantara Widyajala Commissioner
Member Lodewijk Govaerts Commissioner
Member Dr. Marc Oliver Juenemann Commissioner
Member Supriya Prakash Sen Commissioner
Member Seth Tan Commissioner

Investment Committee Charter

Risk Oversight Committee

The committee is formed by IIF's shareholders and the BoC to support the supervisory function, primarily in providing oversight of the risk management issues of IIF on behalf of the BoC.

Position in Committee Name Position in Company
Chairman Rinaldi Firmansyah Independent Commissioner
Member Darmin Nasution President Commissioner / Independent Commissioner
Member Lodewijk Govaerts Commissioner
Member Dr. Marc Oliver Juenemann Commissioner

Risk Oversight Committee Charter

Nomination and Renumeration Committee

This committee is to recommend the nomination and remuneration for the members of the Board of Directors and Independent Commissioners, and also to set forth general remuneration policies for the Company's staff.

Position in Committee Name Position in Company
Chairman Darmin Nasution President Commissioner / Independent Commissioner
Member Bhimantara Widyajala Commissioner
Member Supriya Prakash Sen Commissioner
Member Seth Tan Commissioner

Nomination and Remuneration Committee Charter

Committees under Board of Directors

Investment Committee

The Board of Directors - Investment Committee (BoD-IC) is responsible mainly to review, consider and make decisions on all investment proposals for IIF to be recommended to BoC-IC.

Position in Committee Name Position in Company
Chairman Reynaldi Hermansjah President Director & CEO
Member Rizki Pribadi Hasan Managing Director & CFO
Member Mohammad Ramadhan Harahap Managing Director & CIO
Member Y. Bayu Wirawan Managing Director & CIO
The Assets & Liabilities Committee

The Assets & Liabilities Committee (ALCO) is responsible to actively monitor the risk and management of funds and other resources, primarily in managing market risk and liquidity risk.

Position in Committee Name Position in Company
Chairman Reynaldi Hermansjah President Director & CEO
Member Rizki Pribadi Hasan Managing Director & CFO
Member Mohammad Ramadhan Harahap Managing Director & CIO
Member Y. Bayu Wirawan Managing Director & CIO
Risk Management Committee

In order to actively monitor the risk management over IIF's business activities as well as to provide recommendations in formulating risk management policies and strategies for IIF, it is required to establish the Risk Management Committee of the Board of Director.

Position in Committee Name Position in Company
Chairman Reynaldi Hermansjah President Director & CEO
Member Rizki Pribadi Hasan Managing Director & CFO
Member Mohammad Ramadhan Harahap Managing Director & CIO
Member Y. Bayu Wirawan Managing Director & CIO
IT Steering Committee

IIF's IT Steering Committee (ITSC) is established to develop the capability of information technology system to support the Company's business activities.

Position in Committee Name Position in Company
Chairman Reynaldi Hermansjah President Director & CEO
Member Rizki Pribadi Hasan Managing Director & CFO
Advisory Committee

Advisory Committee's main responsibility is to assist the Board of Directors in reviewing, considering, and making decisions related to advisory projects of the Company including, inter alia, to decide whether the Company will accept and advisory mandate.

Position in Committee Name Position in Company
Chairman Reynaldi Hermansjah President Director & CEO
Member Rizki Pribadi Hasan Managing Director & CFO
Human Resources Committee

In accordance with the Company's new organizational structure, the Company has established Human Resources Committee whose duties and responsibilities include Employment and Development, Performance Management, Compensation and Benefit, and to determine general policy, strategy, and decision related to general human resources that are pivotal to the Company's overall performance.

Position in Committee Name
Chairman Reynaldi Hermansjah President Director & CEO
Member Rizki Pribadi Hasan Managing Director & CFO
Member Mohammad Ramadhan Harahap Managing Director & CIO
Member Y. Bayu Wirawan Managing Director & CIO

BoC Investment Committee

BoC Investment Committee Charter

BoC Risk Oversight Committee

BoC Risk Oversight Committee

BoD Investment Commitee

BoD Invesment Committee

BoD Risk Committee

BoD Risk Committee

BoD IT Steer Committee

BoD IT Steer Committee

BoD Advisory Committee

BoD Advisory Committee

BoD Asset Liabilities Committee

BoD Asset Liabilities Committee