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.

In performing its internal control duties and responsibilities, the Audit Committee is equipped with work guideline set forth in the Audit Committee Charter ratified by the Board of Commissioners on October 30th, 2012. The Audit Committee Charter was prepared based on the prevailing laws and regulations and is reviewed regularly.

The Audit Committee performs its role objectively in accordance with its professional expertise. In order to maintain its objectivity, the Audit Committee comprised of independent parties without affiliations/relationships that may have adverse impact or conflict of interest with the Shareholders and the Board of Commissioners and Board of Directors, or with the Company.

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, 50 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.