Page 142 - XL Axiata Integrated Anual Report 2020 ENG

140
2020 Integrated Annual Report
CORPORATE GOVERNANCE
The XL Axiata Nominating and Remuneration Committee has an important role in nominating the Director candidate. A Director can also appoint XL internal employees as successor including internal employees included in the XL Axiata Talent Pool. Candidates for the Director’s succession will be reviewed periodically through an internal panel system and an independent third party assessment to assess their competence.
Appointment of a candidate Director will refer
to the procedure and provisions stipuated in
the Nomination Policy by taking into account on prevailing laws and regulations on the appointment of a Director
LOANS POLICY FOR THE BOARD OF COMMISSIONERS & BOARD OF DIRECTORS XL Axiata Remuneration Policy for Senior Executive forbids personal loan to members
of the Board of Directors and the Board of commissioners.
OWNERSHIP AND TRANSACTION OF COMPANY’S SHARES BY MEMBER OF THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS
Based on Policy on Share Ownership by the BOD and BOC which was enacted by the BOD on 16 August 2016, each BOC and BOD member of
XL Axiata must periodically disclose the share ownership of the Company or other company by himself or his family through a Special Register of Shareholder which is distributed and kept by the Corporate Secretary Division.
In accordance with the Policy on Share Ownership by the Board of Commissioners and Board
of Directors, every sale and purchase of the Company’s shares by each member of the BOC and BOD must be notified to the Corporate Secretary to be further reported to the Financial Services Authority based Financial Services
Authority Regulation No.11/POJK.04/2017 Regarding Ownership Reports or Any Change in Public Company Share Ownership.
Ownership and Transaction of Company Shares by the BOD and BOC Members As of December 31, 2020, the ownership of XL Axiata members of the BOD is as disclosed on Chapter Corporate Data of this Annual Report.
BOC AND BOD INDUCTION PROGRAM
XL Axiata held an Induction Program for each newly appointed member of BOC and BOD of the Company. The Induction Program is organized
by the Corporate Secretary in the form of presentation on the Company’s fundamental matters as follows:
1. The Company’s strategy, which includes
business plans, branding, and technology and
networks.
2. Presentation of Governance includes:
• Duties, responsibilities and authorities as members of the Board of Directors and / or the Board of Commissioners.
• Policies related to governance.
PT. XL AXIATA TBK TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION