In its attempts to achieve Company objectives, PT Bayan Resources, Tbk practices universally applicable principles of Good Corporate Governance dan Risk Management. Good Corporate Governance principles implemented in PT Bayan Resources, Tbk are transparency, accountability, responsibility, independency and fairness, whereas risk management processes in place are Risk Identification, Risk Assessment, Risk Mitigation, Risk Monitoring and Risk Report. For supervisory function to the Board of Directors (BOD), the Board of Commissioners (BOC) may form committees, such as the Nomination and Remuneration Committee.
In performing direct supervision of the BOD and to facilitate the performance of its duties, the Nomination and Remuneration Committee needs to have general guidelines known as the "Nomination and Remuneration Committee Charter".
Remuneration and Nomination Committee Authority
The Remuneration and Nomitation Committee has the following authorities in performing its duties:
Remuneration Committee Meetings
The Head of Nomination Committee must attend Annual General Meeting of Shareholders and any question from shareholders on the Committee activities must be answered and explained by the Head of the Nomination Committee.