- Good Corporate Governance
- Nomination and Remuneration Committee
Ensuring fair compensation and competent leadership
The Nomination and Remuneration Committee, a supporting body of MMP, assists the Board of Commissioners in the selection of potential Board members and determining remuneration for the Board of Commissioners, Board of Directors, and senior executives. This committee operates in accordance with its Charter and reports directly to the Board of Commissioners.
Composition and Profile
The composition of the Company’s Nomination and Remuneration Committee as of December 31st, 2022 was as follows:
PAULUS RIDWAN PURAWINATA
HUNGKANG SUTEDJA
HERBUDIANTO
Duties and Responsibilities
According to the Nomination and Remuneration Committee's Charter, their duties and responsibilities include:
- Evaluating & recommending remuneration policies for key executives.
- Implementing remuneration procedures & structures.
- Ensuring feasibility, compliance & benchmarks for remuneration.
- Providing compensation recommendations for Board members.
- Evaluating & recommending nomination & replacement procedures.
- Establishing criteria for candidate identification & performance assessment.
Independency
Mega Manunggal Property (MMP) ensures the Nomination and Remuneration Committee operates independently and impartially, free from any external influence. The committee members prioritize accountability and integrity, enabling them to provide objective recommendations.