Page 114 - XL Axiata Integrated Anual Report 2020 ENG

112
2020 Integrated Annual Report
CORPORATE GOVERNANCE
Remuneration Policy for
The Board of Commissioners and The Board of Directors
REMUNERATION PROCEDURE FOR THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS
Remuneration for the Board of Directors and Board of Commissioners of XL Axiata is determined through the General Meeting of Shareholders as follows:
1. Give the authority to the Nominating and Remuneration Committee to determine the salary, bonus and other benefit for members of the Board of Commissioners in accordance with the structure, policy and amount of remuneration based on the Company’s remuneration policy for the relevant financial year.
2. Give the authority to the Board of Commissioners of the Company to determine the salary amount, bonus and other benefits for members of the Board of Directors in
accordance with the structure, policy and amount of remuneration based on the Company’s remuneration policy for the relevant financial year.
Remuneration for the Board of Commissioners and Board of Directors is determined by taking into account on the Company and individual target, comparison with similar industries, non-monetary benefits as well as individual and Company performance. The amount of each remuneration
is evaluated from time to time to ensure that the remuneration remains in accordance with market conditions.
The Board of Commissioners is responsible for overseeing the implementation of the Remuneration Policy including evaluating the implementation of the Remuneration Policy periodically.
Authority to the Nomination & Remuneration Committee
GMS
Authority to BOC
Nomination & Remuneration Committee Recommendation
Stipulation of BOC Salary
PT. XL AXIATA TBK TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION
Stipulation of BOD Salary