The Company’s Audit Committee has been established in accordance with the prevailing laws and regulations based on the Decree of the Board of Commissioners No. 01/SK-DEKOM/TPA/XI/2021 dated November 29, 2021 regarding the Establishment of the Audit Committee of PT Teladan Prima Agro Tbk and the Decree of the Board of Commissioners of PT Teladan Prima Agro Tbk No. 02/SK-DEKOM/TPA/XI/2021 dated November 29, 2021 regarding the Establishment of the Audit Committee Charter of PT Teladan Prima Agro Tbk.
The Audit Committee has an Audit Committee Charter as a guide for the implementation of the duties of the Audit Committee which has referred to and is in accordance with OJK Regulation No. 55/22015, where this charter was ratified by the Company’s Board of Commissioners on November 29, 2021. The term of office of members of the Audit Committee is no longer than the term of office of the Board of Commissioners as stipulated in the articles of association and can be re-elected only for the next 1 (one) period.
The duties and responsibilities of the Audit Committee in accordance with the Audit Committee Charter which has been prepared and determined by the Decree of the Company’s Board of Commissioners are as follows:
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The Nomination and Remuneration Committee is a committee established by and responsible to the Board of Commissioners in assisting in carrying out the functions and duties of the Board of Commissioners related to nomination and remuneration. Based on OJK Regulation No. 34/2014, the Company has established a Nomination and Remuneration Committee based on the Decree of the Board of Commissioners of PT Teladan Prima Agro Tbk No. 03/SK DEKOM/TPA/XI/2021 dated November 29, 2021 regarding the Establishment of the Nomination and Remuneration Committee of PT Teladan Prima Agro Tbk.
The Company’s Nomination and Remuneration Committee Guidelines are stipulated by the Company’s Board of Commissioners based on the Decree of the Board of Commissioners of PT Teladan Prima Agro Tbk No. 04/SK DEKOM/TPA/XI/2021 dated November 29, 2021 regarding the Establishment of Guidelines for the Nomination and Remuneration Committee of PT Teladan Prima Agro Tbk regarding the Establishment of Guidelines for the Nomination and Remuneration Committee of the Company.
The duties and responsibilities of the Company’s Nomination and Remuneration Committee in general are as follows:
Related to the Nomination function:
Related to the Remuneration function:
Article 12 paragraph (1) OJK Regulation No. 34/2014 stipulates that the Nomination and Remuneration Committee is held regularly at least 1 (one) time in 4 (four months). Article 12 paragraph (2) further stipulates that nomination and remuneration committee meetings can only be held if attended by a majority of the members of the Nomination and Remuneration Committee and one of the majorities of the members of the Nomination and Remuneration Committee as referred to in letter a is the Chairman of the Nomination and Remuneration Committee.
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By the increasing complexity of the duties and functions of the Board of Commissioners in performing its supervisory function then it is necessary to have Risk Management and Investment Committee established by and which is responsible to the Board of Commissioners in assisting to perform its duties and functions. Therefore, a Risk Management and Investment Committee of the Company was already established based on a Letter of Decision of the Board of Commissioners number 03/SK-DEKOM/TPA/I/2022 dated January 28, 2022.
Therefore, it is deemed necessary to prepare a Charter of Risk Management and Investment Committee of the Company and stipulates it in a Decree of the Board of Commissioners number 04/SK-DEKOM/TPA/I/2022 dated January 28, 2022. In performing its functions, Risk Management and Investment Committee assumes the duties and responsibilities among others as follows:
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Sustainability and Corporate Social Responsibility Committee is established to cooperate and coordinate with all units, to assist the Board of Commissioners to monitor corporate social responsibility and and business sustainability of the Company. Sustainability and Corporate Social Responsibility Committee has been established based on a Decree of the Board of Commissioners Number 01/SK-DEKOM/TPA/I/2022 dated January 28, 2022, regarding the Establishment of Sustainability and Corporate Social Responsibility Committee of the Company.
In accordance with the Decree of the Sustainability and Corporate Social Responsibility Committee, in performing its functions, the Sustainability and Corporate Social Responsibility Committee assumes the duties and responsibilities among others as follows:
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Focused on managing sustainable palm oil plantations, mills, and renewable energy.
TPA is committed to safeguarding natural environment and contribute to the welfare and economic development of Indonesia