Pursuant to OJK Regulation Number 34/POJK.04/2014 concerning the Nomination and Remuneration Committee of Issuer or Listed Company, in 2015 the Company established the Nomination and Remuneration Committee based on the Board of Commissioners’ Resolution dated 17 September 2015, Number 001/JAPFA-KNR/ IX/2015.

Independency of Nomination and Remuneration Committee Members  
The Nomination and Remuneration Committee shall act independently and perform its duties. An Independent Commissioner leads the Committee.

Duties and Responsibilities of Nomination and Remuneration Committee  
In Nomination:

• Develop and provide the Board of Commissioners with recommendation on:
  • Board of Directors’ and/or Board of Commissioners’ composition;
  • Policies and criteria required in the Nomination process;
  • Policies on the Board of Directors’ and/or Board of Commissioners’ member performance evaluation.
• Assist the Board of Commissioners to assess the performance of Directors and/or Commissioners based on the criteria as evaluation reference.
• Develop and provide recommendations to the Board of Commissioners on development programmes for the Directors and/or Commissioners.
• Review and provide candidates who have met the requirements to be members of the Board of Directors and/or the Board of Commissioners to GMS.

In Remuneration:

• Develop and provide recommendation to the Board of Commissioners concerning:
  • Remuneration Structure on salary, honorarium, incentive and/or fixed or variable benefit allowance;
  • Policies on Remuneration;
  • Amount of Remuneration.
• Assist the Board of Commissioners in assessing performance and matching it with the amount of remuneration, and assess the appropriateness of policies of providing facilities to each member of the Board of Directors and/or the Board of Commissioners.