AND THE BOARD OF DIRECTORS
BCA has a policy governing the performance of self- assessments of the Board of Commissioners and the Board of Directors. The self-assessment policy is a form of accountability of the Board of Commissioners and the Board of Directors in relation to carrying out their duties and responsibilities.
Performance assessments of the Board of Commissioners and the Board of Directors are performed annually as follows:
• Collegial performance assessments of the Board of Commissioners and the Board of Directors.
• Individual performance assessments of each member of the Board of Commissioners and the Board of Directors.
• Performance assessments of the President Director.
1. Procedure for Performance Assessments of the Board of Commissioners
b. Frequency
The Board of Commissioners performs self- assessments, both individually and collegial, at least once a year.
c. Criteria or Benchmark
The criteria used to perform the assessments of the Board of Commissioners, both individually and collegially, include:
1) Supervision and advise of the Board of Directors related to:
a. BCA’s key strategy and plan;
b. Integrity of BCA’s financial statements;
c. Internal control system and risk management; and
d. Good Corporate Governance.
providing advice to the Board of Directors, strategy evaluation, implementation of good corporate governance, as well as internal control and risk management.
d. Parties Performing Assessments and Evaluation
Performance assessments of collegials and individuals is carried out through the following mechanisms:
• Collegial performance assessments of the Board of Commissioners
The Board of Commissioners conducts joint self-assessments that are evaluated in the Board of Commissioners’
Meetings based on the recommendations of the Remuneration and Nomination Committee (RNC).
• Individual performance assessments of each member of the Board of Commissioners
Each member of the Board of Commissioners conducts self-assessments that are evaluated in the Board of Commissioners’ Meetings based on the recommendations of the Remuneration and Nomination Committee (RNC).
e. Assessment Process Flow
Each member of Board of Commissioners completes the
Self-Assessment Form
Evaluation result:
- Collegial Performance Assessment - Individual Performance
Assessment The self-assessment of the
Board of Commissioners results both of individual and
collegial and evaluated by the Board of Commissioners
through a meeting based on a recommendation from Remuneration and Nomination
Committee
f. Performance Assessment Result in 2021
In 2021, the Board of Commissioners carried out its duties and functions with the predicate “Very Good” to ensure that the Bank’s performance can meet the expectations of the shareholders and stakeholders. The following is detailed information on the results of the collegial and individual performance assessments of the Board of Commissioners:
• The result for collegial performance assessment of the Board of Commissioners was “Very Good.”
• The average result for individual performance assessments of each member of the Board of Commissioners was “Very Good.”
2. Procedure for Performance Assessments of the Board of Directors
The procedure for performance assessments of the Board of Directors includes:
a. Assessment Method
The assessments are carried out using the self-assessment method. Self-assessments are performed by the members of the Board of
c. Criteria or Benchmark
The criteria used to perform the assessment of the Board of Directors, both individually and collegially, references the Bank’s Business Plan, which has been approved by the Board of Commissioners. Each of the Board of Directors performance indicators are determined based on the Balanced Scorecard approach, which consists of 4 perspectives:
financial, customer, internal business processes, and learning & growth perspectives.
The Balanced Scorecard is derived from the Bank’s Business Plan, based on annual review process and mapping of strategies and business targets, which involve the Board of Directors, division heads and the Board of Commissioners. In the process, BCA reviews and explores various external aspects that may affect the Bank’s performance, such as banking industry trends, emerging threats and opportunities, changes in customer behavior, regulatory changes, process efficiency and the people capacity. The results will then determine key strategic targets, such as digital initiatives, IT and cyber security development, process improvement, compliance with regulatory changes, ESG
d. Parties Performing Assessment and Evaluation
Performance assessments of collegials and individuals is carried out through the following mechanisms:
• Collegial performance assessments of the Board of Directors
The Board of Directors conducts joint self-assessments that are evaluated in the Board of Commissioners’
Meetings based on the recommendations of the Remuneration and Nomination Committee (RNC).
• Individual performance assessments of each member of the Board of Directors
Each member of the Board of Directors conducts self-assessments that are evaluated in the Board of Commissioners’
Meetings based on the recommendations of the Remuneration and Nomination Committee (RNC).
e. Assessment Process Flow
Each member of Board of Directors completes the Self-
Assessment Form
Evaluation result:
- Collegial Performance Assessment - Individual Performance
Assessment The self-assessment of the
Board of Directors results both of individual and collegial and evaluated by the Board of Commissioners
through a meeting based on a recommendation from Remuneration and Nomination
Committee
f. Performance Assessment Result in 2021
In 2021, the Board of Directors carried out its duties and functions with the predicate “Very Good” to ensure that the Bank’s performance can meet the expectations of the shareholders and stakeholders.
The following is detailed information on the results of the collegial and individual performance assessments of the Board of Directors:
• The result for collegial performance assessment of the Board of Directors was
“Very Good.”
• The average result for individual performance assessments of each member of the Board of Directors was “Very Good.”
3. Procedure for Performance Assessment of the President Director
The procedure for performance assessment of the President Director includes:
a. Assessment Method
The assessments are carried out using the self-assessment method. Self-assessments are performed by the President Director using the
self-assessment form. The Self-Assessment form has been updated to reflect the duties and responsibilities of the President Director as stated in the Organization’s decrees.
b. Frequency
The President Director performs self-assessments at least once a year.
c. Criteria or Benchmark
The criteria used to perform the assessments of the President Director reference the Bank’s Business Plan, which has been approved by the Board of Commissioners. BCA has established assessment components in accordance with the duties and responsibilities of the President Director, which include financial components, customer service, business processes, and learning and development.
d. Parties Performing Assessment and Evaluation The President Director conducts self-assessments that are evaluated in the Board of Commissioners’
Meetings based on the recommendations of the Remuneration and Nomination Committee (RNC).
e. Assessment Process Flow
The President Director completes the Self-Assessment Form
Evaluation Results:
President Director’ Performance Assessment
The self-assessment result is evaluated by Board of Commissioners through meetings
based on the recommendation