PERFORMANCE ASSESSMENT FOR THE COMMITTEES UNDER THE BOARD OF COMMISSIONERS

Policy and Procedure of Performance Assessment for the Committees under the Board of Commissioners

Performance assessment for the Committees under the Board of Commissioners is carried out every year (minimum once a year), which consists of collegial performance assessment for the Committee under the Board of Commissioners, individual performance assessment for each member of Committees under the Board of Commissioners and performance assessment for the Chairman of the Committees under the Board of Commissioners.

The final performance evaluation on the collegial and individual assessment and the performance assessment of the Chairman of the Committees shall be discussed at the Nomination and Remuneration Committee meeting. Results of the discussion shall be follow up in the forms of action plan (if needed).

Performance Assessment Criterias for Committees under the Board of Commissioners

Performance Assessment Criterias for Committees under the Board of Commissioners are as follows:

  • Collegial Performance Assessment for Committees under the Board of Commissioners

    Assessment criteria include structure of the Committees under the Board of Commissioners, effectiveness on the Committees under the Board of Commissioner meeting, and effectiveness on the implementation of duties and responsibilities.

  • Individual Performance Assessment for Each Member of the Committees under the Board of Commissioners

    Assessment criteria include competency and capability, as well as effectiveness on the implementation of duties and responsibilities of the members of the Committees under the Board of Commissioners.

  • Performance Assessment for the Chairman of the Committees under the Board of Commissioners

    The criteria apply in the performance assessment for the Chairman of the Committees include effectiveness on the implementation of duties and responsibilities as well as Chairman leadership in the Committees.

Parties Performing Board of Commissioners Committee Performance Evaluation

Parties to Conduct the Performance Assessment for the Committees under the Board of Commissioners

  • Collegial Performance Assessment for Committees under the Board of Commissioners

    The assessment is carried out by each Committee member on the performance of the Committee under the Board of Commissioners.

  • Individual Performance Assessment for Each Member of the Committees under the Board of Commissioners

    Each Committee member provides assessment to each other member of the committees under the Board of Commissioners.

  • Performance Assessment for Chairman of the Committee under the Board of Commissioners

    The assessment is carried out by each member of Committees on the performance from the Chairman of their respective Committee.

RESULTS OF THE PERFORMANCE ASSESSMENT FOR THE COMMITTEE UNDER THE BOARD OF COMMISSIONERS IN 2018

Detail results of the collegial performance assessment for the Committees under the Board of Commissioners are as follows:

Audit Committee Risk Oversight Committee Nomination and Remuneration Committee Integrated Governance Committee
3.6 3.9 4.3 3.4

Meanwhile, the average results of the individual performance assessment for each member of the Committees are as follows:

Audit Committee Risk Oversight Committee Nomination and Remuneration Committee Integrated Governance Committee
3.7 4.4 4.3 3.6

And for the results of the performance assessment for the Chairman of the Committee under the Board of Commissioners:

Audit Committee Risk Oversight Committee Nomination and Remuneration Committee Integrated Governance Committee
3.6 4.2 4.0 3.5

Value range chart as follows:

Range of Values Description
≥4.7 Exceptional
4.0 - 4.6 Outstanding
3.7 - 3.9 Exceed Expectations
3.0 - 3.6 Meet Expectations
< 3.0 Need Improvement

PERFORMANCE ASSESSMENT FOR THE COMMITTEES UNDER THE BOARD OF DIRECTORS (EXECUTIVE COMMITTEE)

Policy and Procedure of Performance Assessment for the Committees under the Board of Directors (Executive Committee)

The criteria and basis for consideration of the Executive Committee’s assessment based on each Term of Reference are as follows:

  1. Number of meetings held
  2. Board of Directors’ attendance
  3. SLA Minutes of Meeting
  4. Action on Matters arising

Throughout 2018, the implementation of duties, responsibilities, and discussions of the Executive Committee meetings were considered to be well run and effective. Participation of the Board of Directors at the committee meeting during 2018, including decisions taken during meeting discussions can also be used as a reference.

Results of the Executive Committee’s Performance Assessment in 2018

Executive Committee Value
Risk Management Committee (RMC)475
Asset & Liability Committee (ALCO)450
Information Technology Steering Committee (ITSC)480
Operational Risk Management Committee (ORC)470
Credit Policy Committee (CPC)475
Capital Management Committee (CMC)440

Performance Rating

a. Excellent : ≥ 470 - 500
b. Good : 400 - < 470
c. Fair : 300 - < 400
d. Poor : 200 - < 300
e. Very Poor : < 200