PERFORMANCE ASSESSMENT OF COMMITTEES AT THE BOARD OF COMMISSIONERS LEVEL

PERFORMANCE ASSESSMENT POLICY AND PROCEDURE OF COMMITTEES AT THE BOARD OF COMMISSIONERS LEVEL

Performance assessments of each Committee at the Board of Commissioners level are conducted annually (at least once a year), which include:

1. Collegial performance assessment of Committees at the Board of Commissioners level;

2. Individual performance assessment of each member of Committees at the Board of Commissioners level; and

3. Performance assessment of the Chairman of Committees at the Board of Commissioners level.

The Bank also carries out performance assessments on Committees at the Board of Commissioners level every 3 (three) years, which are carried out by a third party.

In 2024, CIMB Niaga conducted a self-assessment on the performance of Committees at the Board of Commissioners level using an online survey method which was given to each Committee member at the Board of Commissioners level. The process and results of the performance assessment are carried out in a confidential, anonymous and independent manner. The results of this performance assessment are expected to provide input for improving the Committees’ performance at the Board of Commissioners level in the future.

PERFORMANCE ASSESSMENT CRITERIA OF COMMITTEES AT THE BOARD OF COMMISSIONERS LEVEL

The performance assessment criteria of Committees at the Board of Commissioners levels include:

1. Collegial Performance Assessment of the Committees at the Board of Commissioners level

   1. Structure and Composition of the Committees
   2. Effectiveness of Committee Meetings
   3. Effectiveness of the Implementation of the Committees’ Duties and Responsibilities

2. Individual Performance Assessment of Committee Members at the Board of Commissioners level

   1. Competency and Capability of Committee Members
   2. Effectiveness of Implementation of Duties and Responsibilities of Committee Members

3. Performance assessment of the Committee Chairman at the Board of Commissioners level

   1. Effectiveness of Implementing Duties and Responsibilities
   2. Leadership within the Committees

PARTIES CONDUCTING PERFORMANCE ASSESSMENT OF COMMITTEES AT THE BOARD OF COMMISSIONERS LEVEL

The parties that conducted the performance assessment of the Committees at the Board of Commissioners level are as follows:

The performance assessment results are submitted to the Nomination and Remuneration Committee. The Nomination and Remuneration Committee then submits and discusses all the performance assessment results at the Board of Commissioners meeting. The results of the discussion are followed up in the form of improvements or action plans (if deemed necessary).

PERFORMANCE ASSESSMENT RESULT FOR COMMITTEES AT THE BOARD OF COMMISSIONERS LEVEL IN 2024

The collegial performance assessment of the Committees:

The average assessment result for individual Committee member:

The performance assessment result for the Committee Chair at the Board of Commissioners level:

Range Table:

PERFORMANCE ASSESSMENT FOR COMMITTEES AT THE BOARD OF DIRECTORS LEVEL

PERFORMANCE ASSESSMENT POLICY AND PROCEDURE FOR COMMITTEES AT THE BOARD OF DIRECTORS LEVEL (EXECUTIVE COMMITTEE)

Every year (minimum once a year), the Board of Directors conducts a performance assessment of the Committee at the Board of Directors level. The criteria and basis for consideration of the performance assessment of the Executive Committee are based on each Term of Reference (TOR) are as follows:

1. Number of meetings held;
2. Attendance of members of the Board of Directors;
3. Minutes of Meeting Service Level Agreement (SLA);
4. Action Matters Arising; and
5. Distribution of meeting invitation.

Throughout 2024, the Board of Directors assesses that the implementation of duties, responsibilities, and discussions at Executive Committee meetings are running properly and effectively. The participation of members of the Board of Directors at committee meetings during the 2024 financial year, including decisions made during meeting discussions, can also be used as a reference.

PERFORMANCE ASSESSMENT RESULTS OF EXECUTIVE COMMITTEES IN 2024

Range Table:

Information regarding the performance assessment of the Internal Audit Unit and Risk Management Unit is presented in the Internal Audit and Risk Management Unit section of this chapter in the Annual Report.