Page 174 - XL Axiata Integrated Anual Report 2020 ENG

172
2020 Integrated Annual Report
Principles
Principle 2
Enhancing
the Quality of Communication between Public Company with Shareholder or Investor.
Recommendations
Public
Company has communication policy with the Shareholder and Investor.
The Public Company discloses the Communication Policy of Public Company with shareholders
or investors in Website
Explanation On OJK Recommendations
Communication between Public Company and shareholders or investors is intended so that the shareholders or investors obtain clarity of information that has been published to the public, such as periodic reports, information disclosure, business condition or prospect and performance, as well as implementation of public company governance. In addition, the shareholders or investors can also submit input and opinion to the management of Public Company. The communication policy with shareholders or investors shows the commitment of the Public Company in carrying out communication with shareholders or investors. This policy can include strategies, programs, and timing of communication implementation, as well as guideline that support shareholders or investors to participate in the communication.
Disclosure of communication policy is a form of transparency on the commitment of the Public Company in providing equality to all shareholders or investors for the implementation of communication.
The disclosure of information also aims to increase the participation and role of shareholders or investors in the implementation of the Public Company communication program.
CORPORATE GOVERNANCE
Function And Roles of The Board of Commissioners
Comply
The Company has the Integrated Communication Policy which
was enacted on October 10, 2018 which regulates on the provisions of communication with shareholders, stakeholders including the employees on Company’s Material Information.
The Integrated Communication Policy is available in the Company’s website (www. xlaxiata.co.id).
Comply
The total members of the Board of Commissioners of the Company have been adjusted to the Company’s needs. Each candidate for the Board of Commissioners must first be thoroughly and properly examined
by the Nominating and Remuneration Committee of the Company.
Each member of XL Axiata Board of Commissioners has diverse expertise to maximize the supervisory duties of the Board
of Commissioners in accordance with the Company’s business scope.
Information pertaining with the background as well
as skill of each member
of XL Axiata Board of Commissioners is available in the Company’s website (www.xlaxiata.co.id).
Principles
Principle 3
Strenghten the membership composition of the Board of Commissioners
Recommendations
Determination of the total members of the Board of Commissioners took into account on the condition of the Public Company
Determination on the composition of members of the Board of Commissioners considered
on diversity of expertise, knowledge and required experience.
Explanation On OJK Recommendations
The members of the Board of Commissioners may affect the effectiveness of the Board of Commissioners duties. Determination of total members of the Board of Commissioners of a Public Company must refer to the provisions of the prevailing law in which at least consists of two (2) people based on the provisions of the Financial Services Authority Regulation No.33/ POJK.04/2014 on The Board of Directors and Commissioners of Issuer or Public Company.
In addition, it is also necessary to consider the condition of the Public Company which includes among other, the characteristic, capacity and size, as well as achievement of target and fulfilment of different business needs among the Public Companies. However, too many members of the Board of Commissioners has the potential to disturb the effectiveness on
the implementation function of the Board of Commissioners.
The composition of the Board of Commissioners is a combination of characteristics from both organ and individual perspective according
to the need of respective Public Company. These characteristics can be reflected in the determination of expertise, knowledge and experience required in the implementation of supervisory and advisory duty by the Board
of Commissioners of the Public Company. The composition that has considered the need
of the Public Company is a positive thing, especially related to decision making related with supervisory function as carried out by considering various broader aspects.
PT. XL AXIATA TBK
TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION