Ensuring that each unit of the financial conglomerate implements intra-group transaction risk management. Parameter composition of the inherent intra-group transaction risk in the integrated risk profile report.
GCG Implementation Disclosures include
Business Strategies and Management
Risk Management
Audit and Compliance
Adequacy and implementation of duties of the Committees;
Carrying out other tasks relevant to the audit committee's functions at the request of the board. To advise the board about future commissioners and/or future directors, which must be submitted to the general meeting. To recommend independent parties as potential members of the audit committee and the risk monitoring committee to the board.
To make recommendations to the board of commissioners regarding competence development of the board and/or the board of directors; and.
The Frequency of Meetings of Audit Committee
To assist the Board of Commissioners to evaluate the performance in accordance with the compensation received by each member of the Board of Directors and/or members of the Board of Commissioners. Provide recommendation to the Board of Commissioners of BCA as the primary legal entity within the financial conglomerate to improve its Integrated Management Charter. To give recommendation to the Board of Commissioners regarding the distribution of royalty in the fiscal year 2015 to all members of the Board of Commissioners and.
To make a recommendation to the board of commissioners about candidates for chairman and committee member from independent parties who will assist the board of commissioners in the period 2016-2021.
Implementation of Compliance Function, Internal Audit and External Audit Implementation of Compliance Function
Communicated and informed the board of directors and the board of commissioners about the new regulations. Regular reporting to the Board of Directors and the Board of Commissioners on the implementation of anti-money laundering and anti-terrorist financing activities. The Board of Commissioners and the Board of Directors are responsible for the implementation of the risk management system and internal controls in BCA.
The adequacy of the process of risk identification, measurement, monitoring and control and the risk management information system.
Credit Risk
45 In addition to the above committee, the BCA also established several other committees charged with dealing with more specific risks, including the Credit Policy Committee, the Credit Committee and the Assets and Liabilities Committee (ALCO). BCA consistently and comprehensively assesses the risks related to the planned introduction of new products and activities based on legal requirements. In monitoring and managing credit risks in subsidiaries, BCA regularly monitors credit risks in its subsidiaries, and at the same time takes care of an effective Credit Risk Management Policy in subsidiaries.
Market Risk
Liquidity Risk
47 liquidity (Statutory Reserves) on a daily basis, consisting of Primary Reserves and LFR Statutory Reserves in the form of Rupiah deposits in Bank Indonesia, Secondary Reserves in the form of SBI, SDBI, SUN and excess reserves, as well as foreign currency reserves in the form of foreign currency current accounts in Bank Indonesia.
Operational Risk
Legal Risk
Developed the Legal Risk Management Policy with internal provisions for the organizational structure and job description of the Legal Group, as well as standardized legal documents. Communicated on the impact of the new regulations on the banking activities of the BCA and the different modes of operation of banking crimes, and the instructions for dealing with such cases through the legal route, to the officers of the branches and the relevant work unit. Provided legal defense to ongoing criminal and civil matters involving the Bank and monitored the progress of the cases.
Registered with the authorized body all assets owned by BCA, including intellectual property rights for BCA banking products and services, and the right to BCA land and buildings.
Reputation Risk
Monitored and took legal action for violations of BCA's assets, including violations of BCA's intellectual property rights. It has carried out an inventory, monitored, analyzed and calculated the possible losses that may occur due to court cases.
Strategic Risk
Compliance risk is one of the risk factors that must be managed by BCA in light of its potential to cause financial and non-financial losses to the bank. Pursuant to Bank Indonesia Regulation (PBI) No. 13/2/PBI/2011 dated January 12, 2011 on Implementation of Compliance Function in Commercial Banks, BCA has appointed a member of the Board of Directors as a director overseeing the compliance function, responsible for ensure compliance and to minimize compliance risk through the formulation of policies and procedures for managing compliance risk and to monitor the implementation of such policies and procedures. In carrying out his duties, the Compliance Director oversees the compliance function with the assistance of the Compliance Unit, which is independent of the operational work units.
The Compliance Unit is also in charge of implementing anti-money laundering and anti-terrorist financing programs.
Intra-group Transaction Risk
When assessing inherent compliance risks, the parameters include the type and significance of violations committed, the frequency of violations or track record of compliance, and violations of policies related to specific financial transactions. To help identify suspicious financial transactions, BCA has an application that is continuously improved to increase capacity.
Insurance Risk
The trend of risk management implementation quality in the future is stable as BCA and its subsidiary companies have improved the implementation of risk management for all activities that help BCA and its subsidiary companies to identify, measure, monitor and control each risk. The management and employees of BCA fulfill their duties and have responsibilities to improve the quality and implementation of BCA's internal control. Internal Supervisor oversees the implementation of internal controls in certain work units at Head Office.
The Branch Internal Supervisor, the Regional Internal Office Supervisor and the Internal Audit Division evaluate the implementation of BCA's systems and procedures.
Provision of Funds to Related Parties And Large Exposures
The control function is implemented by the Risk Management Unit, Legal Group, Compliance Unit, Credit Risk Analysis Group and Internal Audit Department. Internal Audit Division independently and objectively reviews BCA procedures and operational activities on a periodic basis. Review results are presented to the Board in the Audit Report and Audit Follow-up Report.
Evaluation results from the Branch Internal Supervisor, Internal Regional Office Supervisor, and Internal Audit Division serve as benchmarks for work units' level of compliance with existing systems and procedures.
Strategic Plan
The bank will continue to observe macroeconomic developments and the impact on various business sectors. The bank will continue to be careful in managing liquidity, the capital position and the quality of the loan portfolio. 55 In order to maintain a solid liquidity position, the bank will continue to assess the development and liquidity trends in the banking sector.
The Bank will remain cautious regarding the NPL movement until the overall economic environment has fully recovered.
Other information related to GCG
In addition, BCA provides and communicates with customers on customer complaints and dispute resolution mechanism in accordance with Bank Indonesia policy on customer complaints and banking mediation. Prepared and submitted reports according to the procedure, type and scope defined in Bank Indonesia's policy on the transparency of the financial condition of banks. The Financial Services Authority's policy on transparency of information about banking products and us and the protection of customers' personal data.
Provide customers with a customer complaint and dispute resolution mechanism according to Bank Indonesia/Financial Services Authority policy on customer complaints and bank mediation.
Share ownership of the members of Boards of Directors and the Board of Commissioners with an equity amount of 5% (five percent) or more, including the type and number of shares in
Submitted the annual report to Bank Indonesia, Financial Services Authority policy and other institutions as requested or deemed necessary. 58 Ownership share of members of the board of directors, amounting to 5% or more of the paid-in capital. Ownership share of members of the board of directors, amounting to 5% or more of the paid-in capital.
Financial relationships and family relationships of a member of the board and the commissioner with other members of the board, the board of commissioners.
Financial Relations and Family Relationship a Member of the Board of Directors and the Board of Commissioners with other members of the Board of Directors, the Board of commissioners,
Remuneration and other benefits policies of the Board of Directors and the Board of Directors. The amount in the Remuneration Structure table includes the remuneration of the members of the Board of Directors who were not reappointed, as well as the newly appointed directors based on the resolution of the General Assembly in 2016. The amount of remuneration in cash in 2016 exceeds Rp 2 billion for each member of the Board of Directors in 1 (one ) year.
The amount in the Remuneration Structure table includes the remuneration for the Supervisory Board member who has not been reappointed, as well as the newly appointed Supervisory Board member based on the decision of the 2016 General Meeting.
Highest and Lowest Salary Ratio
The Board of Directors Meeting Frequency, the Board of Directors Meeting Frequency, and The Board of Commissioners and Board of Directors Joint Meeting frequency and level of
Based on the decision of the AGM in 2016 on 7 April 2016, Dhalia Mansor Ariotedjo and Anthony Brent Elam who were not reappointed as director. BCA complies with the regulations of Bank Indonesia and the Regulations of the Financial Services Authority regarding minimum mandatory board meetings and joint meetings between the board of directors and the board of commissioners. Differences of opinion (dissenting opinions) that occur in Board of Commissioners meetings must be clearly stated in the minutes of the meeting together with the reasons for disapproval.
Based on the resolution of the 2016 general meeting on April 7, 2016, Sigit became Pramono, who was not reappointed as an independent commissioner.
Internal Fraud
Significant Cases and Administrative Sanction
Operations: 51 (fifty one) cases, including cases related to banking operations, land and building owned by BCA, and other lawsuits other than credit issues. Operations: 15 (fifteen) cases, including matters related to banking operations, land and building owned by BCA, and other lawsuits other than credit issues. In 2016, there were no significant matters faced by BCA and its subsidiaries, or members of its Board of Commissioners and Board of Directors in office for this reporting period, and consequently there is no effect on BCA's financial condition.
In 2016, the authorities (Financial Services Authority, Bank Indonesia, Stock Exchange and other authorities) did not impose any material administrative sanctions on BCA or the members of the Board of Directors and the Board of Directors.
Transactions with Conflict of Interest
Credit-related: 142 (142) cases, including litigation or appeal/objection by debtors, security holders, other parties or BCA claims on confiscated goods or claims relating to security and credit. Credit-related: 56 (fifty-six) cases, including legal proceedings or appeals/objections by debtor, security holder, other parties or BCA claims on confiscated goods or claims relating to security and credit.
Shares Buy Back
Funds for Social Activities and Funds for Political Activities Provision of Funds For Social Activities
Pilar Solusi Cerdas (Smart Solution Pillar) as follows
Bank education and cooperation with other institutions related to education, and contributions/donations to other educational institutions. Bakti BCA Empathy Program in the form of donations for victims of natural disasters and sports programs.
Individual 1 Overall, implementation of Good Corporate Governance (GCG) by the Management of BCA is rated Excellent. This is reflected in the
