Risk Management Monitoring Committee

GCG Organ

Risk Management Monitoring Committee

Risk Management Monitoring Committee is a supporting organ that is established to improve the quality of supervision and advice of the Board of Commissioners (BOC) regarding the risk management of the company.

THE FUNDAMENTAL PRINCIPLE OF THE RISK MANAGEMENT MONITORING COMMITTEE ESTABLISHMENT

Risk Management Monitoring Committee was established based on the Regulation of the Minister of State for SOEs Number Per 01/MBU/2011, August 1, 2011, concerning the Implementation of Good Corporate Governance (GCG) in SOE (BUMN) and the Minister of SOE Regulation Number Per-12/MBU/2012, August 24, 2012, concerning the Supporting Organs for the BOC/Supervisory Board of SOE.

THE DUTIES AND RESPONSIBILITIES OF THE RISK MANAGEMENT MONITORING COMMITTEE

The duties and responsibility of the Risk Management Monitoring Committee are as follows:

Assisting the BOC in detecting/identifying risks as early as possible in any activity related to duties, authorities, and responsibilities.
Assisting the BOC in measuring risks by calculating the impact and the possibility of risk opportunities.
Assisting the BOC in managing control strategies on an ongoing basis against significant risks for the survival of the company.
Monitoring risks continuously, especially the risks that have a significant impact on the company conditions.
Performing other duties relevant to the function of the Risk Management Monitoring Committee at the request of the BOC.