BOC & BOD Main Work Guidelines 

 

Board of Commissioners' Main Work Guidelines  

Board of Commissioners (BOC) is assigned to conduct general and/or specific supervision in accordance with the Articles of Association of the Company, and to provide advice to the BOD in carrying out the management of the Company. 

The BOC serves in overseeing and providing advice to the BOD in good faith, full responsibility and in a prudent manner to the interests of the Company, including among others:

a. To supervise and be responsible for supervision over management and operation policies in general, regarding both the Company and the Company’s business, and give advice to the BOD.
b. To supervise the Company's business risk and management efforts at internal control; 
c. To supervise the implementation of corporate governance principles in the Company's business activities; 
d. To provide feedback and recommendations on the proposal of the Company's strategic development plan submitted by the BOD; 
e. To ensure that the BOD due regard the interest of stakeholders.

 

Board of Directors' Main Work Guidelines

The Board of Directors (BOD) shall undertake and be responsible for the management of the Company, for the interests of the Company in accordance with the purpose and objective of the Company stipulated in the articles of association. The BOD is responsible for implement Governance in business activity in all levels 
of organizations. 

The Board’s principal role is to govern, rather than manage, the Company, by ensuring that there is a proper governance framework in place to promote and protect the Company’s interests for the benefit of its shareholders, and other stakeholders.

BOD must follow up on findings and recommendations from: 

  • functions of risk management, compliance and internal audit; 
  • external audit findings; 
  • supervision of the BOC; 
  • results of supervision of the Financial Services Authority; and 
  • the results of supervision of the Sharia Supervisory Board, in the event that the Company manages Sharia investment products.