Rajawali Corpora Board of Directors has established the Finance and Investment Committee to evaluate and recommend potential investments, divestments, mergers and acquisitions, restructuring, spin-offs, joint-ventures, partnerships, corporate actions (e.g.,stock splits, dividends, etc.), capital raisings (e.g., public offerings, bond issuance, bank borrowings, etc.), hedging, write-off of assets, asset revaluation, capital management and other corporate finance activities for the Rajawali Group. The Finance and Investment Committee shall oversee existing investments and monitor the management of such for meeting performance targets.
The Audit and Risk Management Committee’s primary function is to assist the Rajawali Corpora Board of Commissioners (BOC) in fulfilling its oversight responsibilities. The Audit and Risk Management Committee will review the system of internal control and risk management, corporate governance process, the financial reporting process, the audit process, and the Group’s process for monitoring compliance with laws and regulations and the Code of Ethics.
In performing its duties, the Audit and Risk Management Committee will maintain effective working relationships with the RC BOC, Business Units’ BOC and Management, and the internal and external auditors. To perform Audit and Risk Management Committee role effectively, each Audit and Risk Management Committee member shall have a good understanding of the detailed responsibilities as well as the Rajawali Group’s business, strategies, operations and risks.
RC Board of Commissioners has established HR and IT Committee to evaluate and recommend on matters relating to compensation and benefits programs for Business Units’ Board of Directors and Commissioners and Rajawali Corpora’s employees.
HR and IT Committee also oversees major Information Techology (IT) related strategies, projects and technology architecture and monitor whether the IT programs in Rajawali Group effectively support the Group’s business objectives and strategies.
Ethics Committee is established to assist the Rajawali Corpora (RC) Board of Directors (BOD) in fulfilling its responsibilities relating to (a) the compliance by RC with all legal requirements to which it is subject, including all regulations and laws applicable to RC (b) the design, implementation and execution of the RC’s Compliance and Ethics Program and (c) matters relating to Code of Ethics. Ethics Committee assists the RC BOD in establishing an appropriate “tone at the top” and promoting a strong “culture of compliance” while also recognizing that the BOD is responsible for instilling ethical compliance and Corporate Governance within RC.