Charter

Audit Committe Information

As stipulated in POJK No. 55 POJK.04/2015 on Establishment and Implementation Guidelines of the Audit Committee, the Company’s Board of Commissioners established the Audit Committee as a supporting committee tasked to promote the implementation of good corporate governance, adequacy of internal control structure and risk management processes, and improve the quality of financial disclosure and reporting.

Vendor Selection

Darya-Varia has policies relating to vendor selection. This policy is intended to ensure that procurement of goods and/or services at Darya-Varia is conducted in honest, competitive, fair, and transparent manner, as well as delivers added value. During the selection process, suppliers must meet the technical and administrative qualifications specifie​d by Darya-Varia. Meanwhile, Darya-Varia also requires that suppliers comply with the prevailing Vendor Code in Darya-Varia in carrying out their business activities. Darya-Varia has formalized this policy in Standard Operating Procedure documents approved by Darya-Varia's management team and will be updated from time to time in order to adapt with business needs of Darya-Varia.​

Risk Management

In carrying out its business activities, Darya-Varia realizes that there are various types of risks that potentially arise at any time and, if that happens, it may affect the performance and image of Darya-Varia​. To prevent or minimize the negative impacts arising from each type of risk, Darya-Varia has applied a risk management system that aims to identify, analyse, manage, as well as to implement the appropriate risk mitigation strategies so that Darya-Varia's objectives can be achieved and Darya-Varia's business activities always run smoothly.

Whistleblowing System (WBL)

This Whistleblowing System is one the inherent supervisions built by the Company in performing internal controls that are consistent and continuous and to ensure that the application of the principles of good corporate governance ("GCG") is effective.

The following are types of violations within the scope of reporting:

1.Non-compliance and/or violations of laws and regulations.

2.Non-compliance and/or violations of Company’s policies, procedures, and code of ethics.

3.Internal and External Fraud.

4.Actions which can give rise to risk of damage to assets.

5.Forgery or alteration of any documents belonging to the company, customers, another financial institution, or agents of the company.

6.Profiteering as a result of insider knowledge.

7.Misuse of position or information

8.Any other similar or related irregularities shall be reported

Download your WBL Report Form (automatically) here and send to speakup.wbl@darya-varia.com

Nomination and Remuneration Guidelines

In compliance with Otoritas Jasa Keuangan Regulation No.34/POJK.04/2014 dated December 8, 2014 concerning Nomination and Remuneration, the Company shall have Nomination and Remuneration functions. At the Board of Commissioners ("BOC") meeting of the Company on June 3, 2015 it was resolved that the functions of the Nomination and Remuneration shall be exercised by the BOC.​

To carry out these functions, the BOC have established the guidelines which among other specify, duties and responsibilities, procedures, meetings, and disclosure and reporting related to the Nomination and Remuneration functions​

Nomination and Remuneration Function

As required by Otoritas Jasa Keuangan Regulation No.34/POJK.04/2014 dated December 8, 2014 concerning Nomination and Remuneration (“POJK 34/2014”), the Company shallhave Nomination and Remuneration functions. Based on the said POJK 34/2014, in the event Nomination and Remuneration Committee is not formed, such nomination and remuneration functions shall be implemented by the Board of Commissioners of the Company (“BOC”).

It was resolved at the Company’s BOC meeting on June 3, 2015, the nomination and remuneration function will be exercised by the BOC.

Code of Ethics

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