Page 112 - XL Axiata Integrated Anual Report 2020 ENG

110
2020 Integrated Annual Report
CORPORATE GOVERNANCE
Performance Assessment of Committees Under the Board of Commissioners
In carrying out its duties, the BOC is assisted
by committees that directly responsible to the BOC, namely the Board of Audit Committee, the Nominating and Remuneration Committee, and the Board Risk and Compliance Committee.
In general, the Board of Commissioners considers that all Committees have performed their duties efficiently in accordance with GCG principles
and the Company’s objective. This assessment is undertaken based on the report of implementation of duties and responsibilities, which are submitted by each Committee, as disclosed in this Annual Report.
THE BOARD OF COMMISSIONERS SUPERVISORY REPORT IN 2020
In the midst of Covid-19 pandemic, the year 2020 posed a challenging time for XL Axiata.
In implementing its supervisory duties in 2020, the Board of Commissioners carried out continuous monitoring and oversight on the Company’s operations, plans and programs in addressing the Covid-19 pandemic conditions.
The Board of Commissioners also closely supervised and provided directives on the Board of Directors’ strategies in implementing the quota subsidy program from the Ministry. Education and Ministry of Information and Telecommunication. This is done as part of XL Axiata’s contribution
to the government and public to overcome the pandemic conditions.
Moreover, the Board of Commissioners intensively carried out supervision on XL Axiata’s compliance to the prevailing regulations specifically in 2
(two) sectorals, namely compliance with Anti Bribery and Anti Corruption within XL Axiata
work environment, as well as the impact and implications from new regulation Omnibus Law (Job Creation Law) toward telecommunication industry and investment specifically related to the Company’s programs and strategies.
Our oversight activities in 2020 covered the following areas:
• Implementation of the Company’s annual
business plan approved at the end of the
previous fiscal year;
• The Company’s operating performance and
quarterly audit results;
• Implementation of the selling of
telecommunication Tower;
• Implementation of shares buy back of the
Company;
• Implementation of CSR programs in supporting
and contributing to the public, government and community, as well as XL Axiata’s employees during the pandemic;
• The conditions of company’s operations and employee’s welfare during the pandemic;
• New initiatives on the business development potential and exploration of synergy with Axiata Group;
• Implementation of succession plan of members of the BOD and mentoring of senior talents;
• Implementation of new policies and regulations
such as Omnibus Law, anti bribery and anti
corruption policies, and other policies;
• Implementation of good corporate governance; • Implementation of risk management including
evaluation results of risk management practices in XL Axiata.
PT. XL AXIATA TBK TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION