Page 175 - XL Axiata Integrated Anual Report 2020 ENG

2020 Integrated Annual Report
173
Principles
Principle 4
Enhancing
the Quality of Implementation on Duties and Responsibilities of The Board of Commissioner
Recommendations
The Board of Commissioners has Self Assessment Policy to evaluate the performance of the Board of Commissioners
Explanation On OJK Recommendations
The Board of Commissioners’ Self Assessment policy is a guideline as a form of collegial accountability for evaluating the performance of the Board of Commissioners. Self-assessment is carried out by each member to assess
the collegial performance of the Board of Commissioners, and not to assess the individual performance of each member of the Board of Commissioners. With this Self Assessment, it
is expected that each member of the Board of Commissioners can contribute in improving the performance of the Board of Commissioners on an ongoing basis.
This policy can include the assessment activity as carried out along with the purpose and objective, periodic period of implementation, and benchmark or assessment criteria being used in accordance with the recommendations from the Remuneration and Nomination function of Public Company as required by OJK Regulation on the Remuneration and Nomination Committee of Issuer or Public Company.
The disclosure of Self Assessment Policy on performance of the Board of Commissioners is conducted not only to comply with transparency aspect as form of accountability of its duties but also to provide assurance to the Shareholders
or investors on efforts that need to be done
in improving the performance of the Board
of Commissioners. Upon the availability of disclosure, the Shareholders or investors acknowledge the check and balance mechanism towards the Board of Commissioners.
The resignation policy of member of the Board of Commissioners being involved in financial crime
is a policy that can increase the stakeholders’ trust in the Public Company, so that corporate integrity will be maintained. This policy is needed to help the legal process and so that the legal process does not interfere the course of business activities. In addition, in terms of morality, this policy builds an ethical culture within the Public Company. This policy can be included in the Code or the Code of Ethics that applies to the Board of Commissioners.
Furthermore, being involved in financial crimes shall means the convicted status from the authorities of respective member of the Board
of Commissioners. The financial crimes are manipulation and various forms of embezzlement in financial service activities as well as Money Laundering Criminal Action as referred to Law Number 8 of 2010 on Prevention and Eradication of Money Laundering Crimes.
Comply
In 2020 XL Axiata conducted assessment
on the BOC and BOD internally which includes Board Effectiveness, peer-to-peer assessment with fellow members of
the BOC and Cross Board Assessments with each member of the BOD.
The assessment includes understanding the roles, duties and responsibilities as well as evaluating the Company’s GCG. The assessment result will be used as recommendation for the Company’s GCG improvement as well as one of basic considerations of the BOC to be reappointed.
Discloure on Self Assessment is available in this Annual Report
in Chapter Corporate Governance.
Policy on the resignation
of Board of Commissioners members if involved in financial crimes is included in the Board Manual.
The Self Assessment Policy to evaluate the performance
of the Board of Commissioners is disclosed in the Annual Report of Public Company
The Board of Commissioners has policy on resignation of member of
the Board of Commissioner when involved in financial crime.
TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION
PT. XL AXIATA TBK