The mining locations belonging to the Company's subsidiaries, namely...

Mine Location & Licenses

The Company has mining permit on concession areas in South of Kalimantan,...

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As a part of Company's Responsibility to community and the nation, Company implements Corporate Social Responsibility

Corporate Social Responsibility Program (“CSR”) is the realization of Company’ strategic policy to mitigate any risk which will face...

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Audit Committee

The Company Audit Committee was first established on March 7, 2012, in order to assist the Board of Commissioners in promoting the application of GCG principle and the establishment of adequate internal control structure, and also to enhance the quality of openness and financial reporting, as well as to review the scope, accuracy, independency and objectivity of the public accountant.

The establishment of the Company Audit Committee is in line with the regulation of Bapepam-LK No. IX.I.5 concerning the Establishment and Work Implementation Guidelines of Audit Committee and the regulation of PT Bursa Efek Indonesia No. I-A concerning General Provision of Stocks (Equity Securities) Listing on the Stock Exchanges.

Pursuant to the Decision Letter of the Board of Commissioners on May 31, 2013 and Company’ Disclosure Letter Number 166/GEMS-CS/VI/2013 on June 4, 2013, the duties and responsibilities of one of the Members of the Audit Committee formerly held by Mr. Sunarto was replaced by Mr. H. Agus Tagor.

On March 6, 2015, the Company' Board of Commissioners has appointed Mr. R. Utoro to replace the vacant position left by Mr. Agus Tagor after considering his experience. On November 30, 2015, the Company' Board of Commissioners has appointed Mr. Irwandy Arif to replace the vacant position left by Mr. Edwin Hidayat Abdullah after considering his experience. Therefore, the composition of members of the Company’ Audit Committee changed into:

 

Ketut Sanjaya (Audit Committee Chairman)

Also serves as the Company's Independent Commissioner. His Profile can be seen in the Company's Board of Commissioners' Profiles.

 

Prof. Dr. Ir. Irwandy Arif, M.Sc (Member)

Also serves as the Company's Independent Commissioner. His Profile can be seen in the Company's Board of Commissioners' Profiles.

 

Leong Chee Keen (Darren Leong) (Member)

Singapore Citizen, 49 years old. He was appointed as member of the Company’ Audit Committee as of January 13, 2017. Currently, He serves as Operation and Commercial Division Head PT Berau Coal Energy Tbk since November 2016. Previously, He served at Sakari Resources Ltd (June 2007 – October 2016) as a Group Contracts Manager, PT UE Sentosa (May 2005 – June 2007) as a Contracts Manager, United Engineers (s) Pte Ltd (March 1999 – April 2005), Tuan Huat Construction Pte Ltd (November 1996 February 1999), San Ho Huat Construction Pte Ltd (August 1994-October 1996), and Soil Build Pte. Ltd (June 1992- July 1994). He graduated from Ngee Ann Polytechnic, Singapore, majoring of Building Management, in 1989. He earned a Master’s degree in Project Management from the University of Adelaide in 2015.

 

 

Duties and Responsibilities of Audit Committee

The Audit Committee is responsible for providing opinions to the Company’s Board of Commissioners on reports or matters presented by the Board of Directors to the Board of Commissioners, and for identifying matters requiring the Board of Commissioners attention as well as conducting other tasks associated with the duties of the Board of Commissioners.

Supervision that covers all materials and other reports to be submitted to the Board of Commissioners shall become particular concerns of the Audit Committee in identifying and clarifying potential problems that requires actions from the Board of Commissioners or the Board of Directors, and also suggestions and recommendations to be provided to the Board of Commissioners. Each major finding should be discussed comprehensively in meetings with Audit Committee and Internal Audit before it is reported to the Board of Commissioners to decide what steps should be taken next.