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Committees


The Remuneration Committee was established by the Company through the Board of Commissioners Decree No. 007/LGL/BOC RES/IX/2015 to support the implementation of Good Corporate Governance. The Remuneration Committee is responsible directly to the Board of Commissioners and act professionally for the benefit of the Company and its stakeholders.

Duties and responsibilities of the Remuneration Committee are as follows:

  1. Provide recommendations regarding the remuneration structure for the Board of Commissioners and Board of Directors.
  2. Determine the remuneration policy for the Board of Commissioners and Board of Directors.
  3. Conduct a review of the remuneration based on results of the review of work performance, level of remuneration of similar industries, financial performance, and with due regard to the Company's business objectives and strategies to be proposed at the GMS.
  4. Determine the remuneration given to the Board of Commissioners and Board of Directors.

 For Remuneration Committee Charter download here 

 

Composition of the Remuneration Committee Members

As from September 7th, 2015, composition of the Remuneration Committee Members consists of:


HO HON CHEONG
Chairman and also serves as Independent Commissioner

HO HON CHEONG

Chairman and also serves as Independent Commissioner

Malaysian citizen. Born in 1954. Served as Independent Commissioner since June 2015. He earned his Bachelor of Engineering from the University of Malaya, Kuala Lumpur, Master of Business Administration majoring in Finance and Accounting from McGill University, Montreal, Quebec, Canada. He previously served as Head of Corporate Finance & Country Risk Manager in Citibank, N.A., Kuala Lumpur, Malaysia until 1994, Pan Asia Corporate Head in Citibank, N.A., Singapore until 1995, Chief Executive Officer of Citibank Bangkok, N.A., Thailand until 2001, General Manager & Group Head for Corporate & Investment Bank in Saudi American Bank until 2003. From 2004 to 2009, he served as President Director & Chief Executive Officer of PT Bank International Indonesia Tbk, Managing Director of Investments in Temasek Holdings Pte Ltd, Singapore, and President Director of PT Bank Danamon Indonesia Tbk until 2015.



AGUS SALIM PANGESTU
Member and also serves as Commissioner

AGUS SALIM PANGESTU

Member and also serves as Commissioner

Indonesian citizen. Born in 1973. Served as Commissioner since January 2011. He earned his Bachelor of Economic Science and Business Administration from Boston College, USA in 1994. He was appointed as Commissioner of PT Chandra Asri from January 2006 until the Merger and currently, besides as a Commissioner of the Company, he also serves as President Director of PT Barito Pacific Tbk. He began his career in 1993 in Linkage Human Resources Management, USA and from 1995 to 1997 he was a Financial Analyst at Merrill Lynch, USA. He joined PT Barito Pacific Tbk in July 1997 and successively served as Director in 1998 and later on in June 2002, he was appointed as a Vice President Director in the same company. He is the son of Mr. Prajogo Pangestu, the majority Shareholder of PT Barito Pacific Tbk.



TAN EK KIA
Member and also serves as Independent Commissioner

TAN EK KIA

Member and also serves as Independent Commissioner

Malaysian citizen. Born in 1948. Served as Vice President Commissioner and Independent Commissioner since January 2011. He earned his Bachelor of Science in Mechanical Engineering from Nottingham University, United Kingdom. A seasoned professional in the oil and gas and petrochemical industry, he previously served in various positions, including Vice President of Ventures and Development at Shell Chemicals for Asia Pacific and Middle East region from 2003 to 2006, Chairman of Shell Companies for North East Asia, Beijing, China from 2000 to 2003, Managing Director at Shell Nanhai Ltd., Beijing, China from 1997 to 2000 and President Director for Shell in Miri, Sarawak, Malaysia from 1994 to 1997. Since October 2006, he was appointed as a Non-Executive Director in a number of public companies as well as other companies in Singapore, i.e. SMRT Corporation Ltd., City Spring Infrastructure Management Pte., Ltd., Keppel Corporation Ltd., Keppel Offshore and Marine, Citygas Pte., Ltd. (Chairman), Dialog Systems (Asia) Pte., Ltd. and Star Energy Group Holdings Pte., Ltd. He also serves as Board member of Transocean Ltd Swiss based Company.



CHOLANAT YANARANOP
Member and also serves as Commissioner

CHOLANAT YANARANOP

Member and also serves as Commissioner

Thai citizen. Born in 1959. Served as Commissioner since January 2012. He earned his Bachelor of Environmental Chemical Engineering from Salford University, Manchester, UK and a Master of Chemical Engineering from Imperial College, London, UK. He was appointed as President of SCG Chemicals since January 2006. He also holds various management positions within the group such as Chairman of Thai MMA Co., Ltd., Siam Mitsui PTA Co., Ltd., Rayong Olefins Co., Ltd., Map Ta Phut Olefins Co., Ltd., Map Ta Phut Tank Terminal Co., Ltd., Grand Siam Composites Co., Ltd., Thailand PET Resins Co., Ltd., and SCG-DOW Joint Ventures. In addition, he is also a Chairman of Thai Plastic and Chemicals PLC, Director of Bangkok Synthetics Co., Ltd. and BST Elastomers Co., Ltd.