Investor Relations

GOOD CORPORATE GOVERNANCE

ALMI is commited to implement basic principles of the Good Corporate Governance (GCG) in conducting business, in order to put the company forward the Company as well as to enhance the corporate value for long term view.

ALMI strives to build the positive values through implementation of GCG’s basic principles, such as principles of transparency, accountability, responsibility, independency and equality of all shareholders and other stakeholders.

Board of Commissioners

As stipulated in the company's articles of association, the Board of Commissioners (BOC) is responsible for supervision function and giving advices or inputs to the Board of Directors in relation with the their task in running the company or the effort on development of the company.

As stipulated in the companys articles of association, the BOC is elected through the Shareholders general meeting with 3 (three) years term and yet could be reelected.

Board of Directors

The company’s Board of Directors (BOD) has the leadership tasks and is responsible to run the company. The BOD is obliged to set up corporate goals and executing corporate strategies in order to achieve the company’s goals.

As stipulated in the company's articles of association , The BOD is elected through the Shareholder’s general meeting with 3 (three) years term and yet could be reelected.

Remuneration Policy

The remuneration for each Board member is determined based on the function and competency of each member.

Audit Committee

The Audit Committee comprises of 3 persons, chaired by the Independent Commissioner. The members of Audit Committee are independent individuals, who have no connection with the Board members or the ultimate Shareholders.

The Audit Committee assists the BOC in their supervisory works, and therefore has the access to all company’s information and data.

Brief profiles of the Audit Committee

1. Budiprajogo Limanto (Head of Committee)

Began his career with the Maspion Group in 1968 and has since held several positions within the Group. Appointed as Director of the Company in the period of 2006-2009 and as Independent Commissioner since 2009

2. Heri Kustiyono Rudiantoro

attended his Economic study in major of Accounting at Universitas Narotama, Surabaya with Accounting major, and had a career in Public Accountant for 17 years.

3. Sali Adi Nugroho

completed his Magister study in Management study at Universitas Wijaya Putra, Surabaya in 2000.

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The above Audit Committee was assigned by the Board of Commissioners, through Independent Commissioner, for the period of 2014-2017.