Audit Committee

Semen Gresik’s Nomination and Renumeration Committeee consists of :

1. Arif Arryman
2. Marwoto Hadi Soesastro
3. Nina Diyanti Anwar
4. Tjiptohadi Sawarjuwono

The duties of the Audit Committee include :

1. Monitoring and ensuring that the accountancy record and Company’s financial Accountancy Standard and other related regulations.
2. Monitoring management’s performance in controlling internal control system.
3. Monitoring compliance with capital market law and other fields relating to the company activities.
4. Coordinating with the Strategic, Investment and Risk Committee, monitoring the efficiency of the policy and the implementation of risk management prepared and implemented by the Directors.
5. Selecting and recommending an independent auditor candidate for public audits on financial report of the Company, recommending compensation for the auditor and supervising its duties.
6. Implementing special duties, as decreed by the Board of Commissioners by coordinating with Internal Auditor.
7. Reviewing the finding of the Internal Auditor and reporting to the Board of Commissioner on necessary follow up procedures.

Nomination and Remuneration Committee

Semen Gresik’s Nomination and Remuneration Committee consists of :

1. Rizal Ramli
2. Darjoto Setyawan
3. Pri Notowidigdo

Responsibilities of the Nomination and Remuneration Committee include ;

1. Determining nomination and selection system for strategic position in Company.
2. Assisting the Board of Commissioners, together on in consultation with the Board of Directors in selecting candidates for strategic position in Semen Gresik.
3. Composing remuneration system for Semen Gresik’s Directors based on fairness and performance.
4. Performing preliminary selection of the professional and proficient candidates for Semen Gresik’s Director.

Strategy, Investment and Risk Committee

Strategy, Investment and Risk Committee consists of :

1. Rizal Ramli
2. Darjoto Setyawan
3. Setia Purwaka
4. Arif Arryman
5. Patdono Suwignyo

Responsibilities of the Strategy, Investment and Risk Committee include :

1. Conducting a comprehensive review of our Long-Term Plans and Annual Work Plan & Budget proposed by the Board of Directors.
2. Reviewing our Long-Term Plans and Annual Work Plan & Budget to be in conformity with the objectives of the Long-Term and Annual work Plan & Budget approved by the Board of Commissioners.
3. Conducting reviews on the Company’s investments, divestments and capital expenditure in certain limits of value stated in the Annual Work Plan & Budget proposed by the Board of Directors as well as monitoring the implementation of plan.
4. Conducting reviews on the proposed Company’s strategic actions as well as reviewing the execution process.
5. Conducting evaluation and monitoring the execution, of Risk Management in the Company’s environment, including reviews of business risks that potentially hinder the achievement of Company’s objectives.
6. Providing advices and recommendation of risk management system development and implementation

Good Corporate Governance Committee

Good Corporate Governance Committee consists of :

1. Marwoto Hadi Soesastro
2. Achmad Jazidie

The responsibilities of the Good Corporate Governance Committee include ;

1. Supervising the implementation of Good Corporate Governance principle.
2. Reviewing our good corporate governance guidelines, monitoring the effective implementing of good corporate governance and proposing periodical improvement.
3. Reviewing and monitoring the formulation, implementing and compliance with our Code of Ethics and Anti-Fraud program, in addition to monitoring the effectiveness of handling mechanism on the violation conduct of the Code of Ethics and violation to the prevailing regulations the Company.

Oversight Committee

Oversight Committee (OC) was established by the Board of Commissioners based on the mandate of shareholders at the Extraordinary General Meeting of Shareholders (EGMS) on December 10, 2007, especially on the second agenda. The shareholders assigned mandate to the Board of Commissioners for the purpose of optimizing the management system of the Board of Directors based on its scope of work.

Composition of the OC membership is as the following ;

1. Ari Soelendro
2. Gumilang Hardjakoesoema
3. Meirios Moechtar
4. Rachmat Basuki
5. Eddy Fritz Sinaga

Oversight Committee (OC) has the duty of conducting assessment and review, analysis and evaluation, as well as providing input and recommendation to the Board of Commissioners in relation to the New Plant Construction Project and Power Generating Plant, as specified below :

1. Conducting assessment and review:
   
   1. Identifying violations through fact-based analysis and discussing the case with the Project Team.
   2. Applying the analytical tools and models to be implemented and developed to provide support for the risk procedures and minimizing the risk, such as preventing the systematic risk toward the Company related to the executing of the project.
2. Conducting analysis and evaluation:
   
   1. The Company strategy and policies, business plan, time frame of the Project execution.
   2. Method and or operating procedures of the defined or prospect Project.
   3. Process of Project execution reviewed from the perspective of corporate governance and compliance to the prevailing laws regulations as well as Company policy.
   4. Process of proposal recommendation to the Board of Commissioners from the operational, technology and internal control perspectives.
   5. Early warning system formulated and coordinated with Board of Commissioners Committee.
3. Providing input and recommendation to the Board of Commissioners, especially:
   
   1. Identification, analysis and responses on systematic risk and the trend that arises and affecting the smooth operation of the Project.
   2. Identification and limitation on unsafe and imprudent categories.
   3. Findings that call for further action by the Committee.