In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned, duly authorized thereto. IndonesiaBergerak is a website that provides updated data on the spread of the COVID-19 infection and their distribution areas.
PROFILE OF TELKOM AND ITS SUBSIDIARIES PROFILE OF TELKOM
PROFILE OF SUBSIDIARIES
INFRASTRUCTURE
PRODUCTS AND CUSTOMERS
SOCIAL RESPONSIBILITY CUSTOMER EXPERIENCE
SOCIAL CONTRIBUTION
ENERGY AND WATER CONSUMPTION
CARBON EMISSIONS
FINANCIAL DATA OVERVIEW
STOCK INFORMATION
TELKOM’S STOCK INFORMATION AT THE IDX
TELKOM’S AMERICAN DEPOSITORY SHARES (ADS) INFORMATION AT THE NYSE
BONDS, SUKUK OR CONVERTIBLE BONDS AND MEDIUM TERM NOTES (MTN) INFORMATION
REPORT OF THE BOARD OF COMMISSIONERS AND DIRECTORS
REPORT OF THE BOARD OF COMMISSIONERS
GENERAL VIEW OF MACROECONOMICS AND INDUSTRIES
SUPERVISION AND ASSESSMENT OF BOARD OF DIRECTORS PERFORMANCE AND BASIS OF ASSESSMENT THROUGHOUT 2020
VIEWS ON BUSINESS PROSPECTS
ASSESSMENT OF THE PERFORMANCE OF COMMITTEES UNDER THE BOARD OF COMMISSIONERS
VIEWS ON THE IMPLEMENTATION OF SUPERIOR CORPORATE GOVERNANCE
CHANGES IN THE COMPOSITION OF THE BOARD OF COMMISSIONERS
APPRECIATION TO STAKEHOLDERS AND CLOSING
REPORT OF THE BOARD OF DIRECTORS
ECONOMIC AND INDUSTRY CONDITIONS
COMPANY PERFORMANCE IN 2020
However, Telkomsel managed to increase its EBITDA margin to 58.7%, compared to last year's 54.0%. In the Other segment, which mainly consists of Digital services, Telkom reported growth of 11.2% in 2020.
OVERVIEW OF BUSINESS PROSPECTS
In the Consumer segment, IndiHome also maintained its position as the market leader in fixed broadband services in Indonesia with a market share of 82.3%. In the B2C segment, we will continue to prioritize customer focus through digital products that meet customer needs such as digital lifestyle (video, music, games) as well as digital financial services.
SUPPORTING THE COUNTRY THROUGH DIGITIZATION
PROGRAM AND PERFORMANCE GOALS FOR 2021
DEVELOPMENT OF CORPORATE GOVERNANCE IMPLEMENTATION
SOCIAL AND ENVIRONMENTAL RESPONSIBILITIES AND PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAMS
CHANGES TO THE COMPOSITION OF THE BOARD OF DIRECTORS IN 2020
Herlan Wijanarko : Direktur Jaringan dan Solusi TI FM Venusiana R : Direktur Layanan Konsumen Muhamad Fajrin Rasyid : Direktur Bisnis Digital Budi Setyawan Wijaya : Direktur Portofolio Strategis. Dian Rachmawan : Direktur Wholesale dan Pelayanan Internasional Afriwandi : Direktur Human Capital Management Edi Witjara : Direktur Enterprise dan Business Service.
CLOSING
We would like to express our deepest appreciation to the members of the Board of Directors whose terms of service have ended, for their roles and contributions. We hope that the positive values built so far will be maintained and developed for the progress of the company.
STATEMENT OF THE MEMBER OF BOARD OF COMMISSIONERS REGARDING WITH RESPONSIBILITY FOR
PT TELKOM INDONESIA (PERSERO) TBK 2020 ANNUAL REPORT
STATEMENT OF THE MEMBER OF BOARD OF DIRECTORS REGARDING WITH RESPONSIBILITY FOR
ABOUT TELKOM
PURPOSE, VISION, MISSION, AND STRATEGY
PURPOSE
VISION
MISSION
STRATEGIES
TRANSFORM AND DIGITIZE
TELKOM: A BRIEF HISTORY
Also in 2017, Telkom completed the Southeast Asia-United States (SEA-US) submarine fiber optic cable route. Telkom successfully completed the construction of the critical Southeast Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) submarine cable.
BUSINESS ACTIVITIES
BUSINESS ACTIVITIES BASED ON TELKOM’S ARTICLES OF ASSOCIATION
Main Business Lines
Supporting Business Fields
PORTFOLIO PRODUCT AND/OR SERVICE
AWARDS AND CERTIFICATIONS AWARDS
Award (IITA)-III- 2020 Best of the Best Indonesia IT Award 2020 Economic Review 27 BUMN Award 2020 Best Financial Performance of Indonesia Best. 18 Teropong Leadership Award 2020 Inspirational Professional and Business Leader Teropong Senayan 18 Marketers Editors' Choice Award One-Stop Entertainment Media of the Year.
CERTIFICATIONS
TELKOM ORGANIZATIONAL STRUCTURE
PROFILE OF THE BOARD OF COMMISSIONERS
MEMBER OF THE BOARD OF COMMISSIONERS WHO OFFICIATE AS OF DECEMBER 31, 2020
Rhenald Kasali
President Commissioner/Independent Commissioner
Educations
Basis of Appointment
Work Experiences
Marsudi Wahyu Kisworo
Independent Commissioner
Base of Appointment
2016-present 100 Smart-City Movement Advisory Team, Ministry of Communication and Information Technology of the Republic of Indonesia.
Ahmad Fikri Assegaf
Commissioner
Chandra Arie Setiawan
Marcelino Rumambo Pandin
Ismail
Alex Denni
Rizal Malarangeng
MEMBER OF THE BOARD OF COMMISSIONERS WHO TERMINATE IN 2020 Margiyono Darsasumarja
Cahyana Ahmadjayadi
EDUCATION, TRAINING, SEMINAR, AND CONGRESS
A.T.Kearny Consultants Industry and Strategy Update 24 Juli 2020 Jakarta Wawan Iriawan(2) Sharing Session TKDN bersama BPKP 11 Agustus 2020 Jakarta (Online). A.T.Kearny Consultants Industry and Strategy Update 24 Juli 2020 Jakarta Chandra Arie Setiawan(2) Sharing Session TKDN bersama BPKP 11 Agustus 2020 Jakarta (Online).
COMMISSIONER AFFILIATION RELATIONSHIPS
CSS Workshop: Strategic Insight for The New Normal 10. juni 2020 Jakarta (online) HARVARD PDP Online - Leading the Way Back from.
STATEMENT OF INDEPENDENCE
PROFILE OF THE BOARD OF DIRECTORS
THE BOARD OF DIRECTORS WHO OFFICIATE AS OF DECEMBER 31, 2020 Ririek Adriansyah
President Director
Dian Rachmawan
Director of Wholesale & International Service (WINS)
Afriwandi
Director of Human Capital Management (HCM)
Heri Supriadi
Director of Finance (KEU)
FM Venusiana R
Director of Consumer Service (CONS)
Edi Witjara
Director of Enterprise & Business Service (EBIS)
Muhamad Fajrin Rasyid
Director of Digital Business (DB)
Riwayat Jabatan
Budi Setyawan Wijaya
Director of Strategic Portfolio (SP)
MEMBER OF THE BOARD OF DIRECTORS WHO TERMINATE IN 2020 Harry Mozarta Zen
Director of Finance
Zulhelfi Abidin
Director of Network & IT Solution
Work Experience
Siti Choiriana
Director of Consumer Service
Faizal Rochmad Djoemadi
Director of Digital Business
Achmad Sugiarto
Director of Strategic Portfolio
Wakil Direktur Regional IV Jawa Tengah & DIY, PT Telkom Indonesia (Persero) Tbk.
Bogi Witjaksono
Director of Enterprise & Business Service
Pembicara utama pada AI Summit Indonesia 2020 “Penyiapan infrastruktur dan data untuk pemanfaatan teknologi kecerdasan buatan di Indonesia”. Keynote Speaker pada FGD MPR RI “Peran Produksi Film dan Konten Negara dalam Rangka Pembentukan Karakter Bangsa untuk Mewujudkan Ketahanan Negara”.
DIRECTORS AFFILIATIONS AND RELATIONSHIPS
TELKOM EMPLOYEES
EMPLOYEE PROFILE
NUMBER OF EMPLOYEES BASED ON EDUCATION LEVEL AND AGE DISTRIBUTION
NUMBER OF EMPLOYEES BY POSITION AND EMPLOYMENT STATUS
GENDER EQUALITY ASSURANCE AND NUMBER OF EMPLOYEES BASED ON GENDER
EQUAL OPPORTUNITIES IN COMPETENCY DEVELOPMENT
SHAREHOLDERS COMPOSITION
- Shareholders with More than 5% Ownership (Major/Controlling Shareholders)
- Ownership of Shares by Directors and Commissioners
- Shareholders with Less than 5% Ownership
- Percentage of Shares Owned Domestic and Foreign
- List of 20 Largest Public Shareholders
Per As of December 31, 2020, as many as 191,972 shareholders (including the Government of the Republic of Indonesia) were registered as ordinary shareholders.
SUBSIDIARIES, ASSOCIATED COMPANIES, AND JOINT VENTURES
SUBSIDIARIES WITH DIRECT OWNERSHIP
SUBSIDIARIES WITH INDIRECT OWNERSHIP
Jakarta, Indonesia 100% administrasi asuransi kesehatan. Pengoperasian 480 STO Telkom Gedung Gambir C Lantai 3, Jl, Medan Merdeka Selatan No, 12, Jakarta Pusat, 10110, Indonesia. 100% jasa dan perdagangan Pengoperasian 316 Multimedia Tower, Gedung Annex Lantai 2, Jl, Kebon Sirih No, 10-12, Jakarta Pusat, Indonesia.
CHRONOLOGY OF STOCKS REGISTRATION
CHRONOLOGY OF OTHER SECURITIES REGISTRATION
Telkom menunjuk PT Bank Tabungan Negara (Persero) Tbk sebagai agen pemantau. Tahun) Suku bunga per tahun.
NAME AND ADDRESS OF INSTITUTIONS AND/OR SUPPORTING CAPITAL MARKET PROFESSION
Pada tahun 2015, Kantor Akuntan Publik Purwantono, Suherman & Surja berubah menjadi Kantor Akuntan Publik Purwantono, Suherman & Surja karena adanya perubahan komposisi rekanan.
MANAGEMENT DISCUSSION AND ANALYSIS
BUSINESS ENVIRONMENT OVERVIEW 2020 GLOBAL ECONOMY AND INDONESIA
INDONESIA’S TELECOMMUNICATION INDUSTRY
During 2020, there was an increase in demand for fixed broadband services in some capitals, medium and small cities. Geographical conditions, especially in suburban and rural areas, pose a challenge to the improvement of fixed broadband services through the development of fiber optic networks.
COMPETITION IN THE TELECOMMUNICATIONS INDUSTRY
Data consumption in the mobile segment is still increasing and driving the company's revenue from data services in the current digitalization era. As of December 31, 2020, Telkom had more than 8 million fixed broadband subscribers, even though the penetration of fixed broadband services in Indonesia is still relatively low.
Mobile Business
Fixed Voice & Broadband Business (Fixed Business)
Data Center
Network and Satellite Infrastructure Business
OPERATIONAL OVERVIEW BY BUSINESS SEGMENT
SEGMENT PERFORMANCE HIGHLIGHTS
OPERATIONAL HIGHLIGHT
MOBILE SEGMENT
Telkomsel is confident that the collaboration with Gojek will create better service and solutions for the community in the development of the digital ecosystem. Not only with external parties, but internal synergy was also developed as the synergy of Telkomsel and IndiHome to fill the market gap.
Mobile Segment Financial Performance
COVID-19 remains to cause the impact of uncertainty that created an economic slowdown and lowers people's purchasing power. In this situation, Telkomsel has supported the community by giving the community optimal service and affordable price in response to the COVID-19 crisis, including the government subsidy data package support program for students and school teachers throughout Indonesia.
ENTERPRISE SEGMENT
The increasing demands of this segment allow TelkomGroup to manage different products and services and then combine them into total solutions. It is an opportunity for Telkom to provide digital products and services that SMEs need.
Enterprise Segment Financial Performance
The number of SME customers has increased due to the COVID-19 pandemic, which is indirectly encouraging SMEs to adopt the technology as a connectivity and digital solution before the pandemic was low.
CONSUMER SEGMENT
We also offer a WiFi.id service add-on for IndiHome subscribers to access unlimited internet at all WiFi.id hotspots throughout Indonesia. WiFi.id is an abbreviation for Indonesia Wi-Fi, our public wireless Internet network that allows you to use high-speed Internet and other multimedia services.
Consumer Segment Financial Performance
The STO modernization to fiber optic node (T-Cloud) is still ongoing to provide customers with better service quality. Mean Time To Install (MTTI) and Mean Time To Repair (MTTR) continue to be improved by improving technician capacity and business processes.
WHOLESALE AND INTERNATIONAL BUSINESS SEGMENT (WIB)
- Carrier Service
- Tower Service
- Infrastructure Services and Network Management
- International Business
Telkom also operates and has rights of use for a fiber optic backbone network totaling 134,040 km under permanent telecommunications lease agreements with other global submarine cable operators/consortia. Telkom has also negotiated rights of use for 3,250 km of submarine cables with the Southeast Asia-Japan Cable 2 (SJC2) consortium for the international submarine cable network.
Wholesale and International Business Segment Financial Performance
OTHERS SEGMENT
About MDI Venture, a subsidiary of Telkom, is responsible for corporate venture capital with its business activities consisting of investment - synergy - portfolio management - value creation and fundraising. MDI as a venture capital initiative of Telkom is in Jakarta with operations in Singapore and Silicon Valley.
Other Segment Financial Performance
MDI combines the venture capital model by giving newly established companies synergistic access to the TelkomGroup after financial investment. In 2020, MDI Ventures invested in 15 new startups in 4 countries such as Indonesia, India, Singapore and the United States, where 2 startups, namely Observeit and Sonar, exited through acquisitions.
LEVERAGE ASSET PROGRAM
MARKETING OVERVIEW MARKET SHARE
Mobile Segment Market Share
Consumer Segment Market Share
Enterprise Segment Market Share
Wholesale & International Business Segment Market Share
Digital and Other Segments Market Share
MARKETING STRATEGY
Mobile
Consumer
Enterprise
Wholesale and International Business
Digital and Other Services
DISTRIBUTION CHANNEL Digital Touch Point
Customer Service Point
Authorized Dealers, Retail Outlets and Modern Channels
Partnership Stores
Contact Centers
Account Management Team
Sales Specialist
Channel Partner
Social Media
LinkAja
CUSTOMER RELATIONSHIP MANAGEMENT (CRM)
COMPREHENSIVE FINANCIAL PERFORMANCE FINANCIAL POSITION OVERVIEW
Financial Position Comparison
Liabilities
Increase in contractual obligations by Rp 7,834 billion due to the implementation of PSAK 72 related to prepaid service for Telkomsel customers. An increase in current maturities of lease liabilities by Rp 4632 billion or 606.3% due to the implementation of PSAK 73.
Equity
A decrease in unearned income - net from the current share of Rp 803 billion due to the implementation of PSAK 72, and. A decrease in deferred tax liabilities – net of Rp 669 billion or 54.4% mainly due to a decrease in Telkomsel's deferred tax liabilities.
PROFIT AND LOSS OVERVIEW
Profit for the year attributable to minority interests Net comprehensive income attributable to the owner of the.
Profit and Loss Comparison
- Expense
- Gain (Losses) on Foreign Exchange-net
- Other Income - net
- Operating Profit and Operating Profit Margin
- Profit Before Income Tax and Pre-Tax Margin
- Income Tax (Expense) Benefit
- Other Comprehensive Income (Losses)
- Profit for The Year Attributable to Owners of The Parent Company
- Profit for The Year Attributable to Non-Controlling Interest
- Total Comprehensive Income for The Year
- Net Income per Share
This increase has come as a result of the impact of the implementation of PSAK 73 regarding the Amortization of Asset Use Rights. The decrease was due to a decrease in training, education and recruitment costs by Rp. 153 billion.
CASHFLOW OVERVIEW
Cashflow Comparison
Cash Flow from Operating Activities
In cash receipts from operating activities, TelkomGroup recorded Rp 139,451 billion in 2020, it increased compared to the previous year of Rp 138,673 billion, with a trend rate of 0.6% or Rp 778 billion. On the other hand, cash disbursements for operating activities in 2020 reached Rp 74.134 billion, they decreased compared to cash disbursements in 2019 of Rp 83.724 billion.
Cash Flow from Investing Activities
Cash Flows from Financing Activities
SOLVENCY
SHORT-TERM LIABILITY
LONG-TERM LIABILITY
CAPITAL STRUCTURE AND THE MANAGEMENT POLICIES FOR CAPITAL STRUCTURE
CAPITAL STRUCTURE
MANAGEMENT POLICY FOR CAPITAL STRUCTURE
REALIZATION OF CAPITAL EXPENDITURE
STRATEGY AND OBJECTIVES OF INVESTMENT IN CAPITAL EXPENDITURE
TYPES OF INVESTMENT IN CAPITAL EXPENDITURE
AMOUNT OF INVESTMENT IN CAPITAL EXPENDITURE
MATERIAL COMMITMENT FOR CAPITAL EXPENDITURE
OBJECTIVES OF MATERIAL COMMITMENT FOR CAPITAL EXPENDITURE
SOURCES OF FUNDS TO FULFILL OF MATERIAL COMMITMENT FOR CAPITAL EXPENDITURE
DENOMINATED CURRENCIES OF MATERIAL COMMITMENT FOR CAPITAL EXPENDITURE
RECEIVABLES COLLECTABILITY
ANALYSIS AND EXPLANATION OF RECEIVABLES COLLECTABILITY
MATERIAL INFORMATION AND FACT AFTER ACCOUNTANT REPORTING DATE
BUSINESS PROSPECTS AND SUSTAINABILITY OF THE COMPANY
Telkom continues to focus on 3 (three) areas for the Mobile segment, such as increasing the growth potential of high value customers, mobile solution services for the Enterprise segment and the development of various digital services such as mobile financial services, games, and video. For the Consumer segment, Telkom has a huge opportunity in competing with fixed broadband service providers.
COMPARISON OF INITIAL YEAR TARGET AND THE REALIZATION
TARGET OR PROJECTIONS FOR THE FOLLOWING YEAR
DIVIDEND
REALIZATION OF PUBLIC OFFERING FUND
MATERIAL INFORMATION REGARDING TRANSACTION WITH CONFLICT OF INTEREST, TRANSACTION WITH AFFILIATED PARTIES, INVESTMENT,
CHANGES IN REGULATION
CHANGES IN ACCOUNTING POLICY
PSAK 71, PSAK 55, and PSAK
DSAK issued these changes to accounting standards as the adoption of IFRS 9, IAS 39 and IFRS 7. Additional details of the changes in accounting policies in Telkom's financial statements for the current year are disclosed in Note 2 Summary of Significant Accounting Policies of the TelkomGroup for 2020 Consolidated Financial Statements.
CORPORATE GOVERNANCE
CORPORATE GOVERNANCE PRINCIPLE AND PLATFORM
IMPLEMENTATION OF GCG BASIC PRINCIPLES
Transparency
Accountability
Responsibility
Independency
Fairness
IMPLEMENTATION OF GCG MANAGEMENT PRINCIPAL - FINANCIAL SERVICES AUTHORITY
The Board of Directors has a policy to self-assess the performance of the Board of Directors. In the event of resignation of the members of the Board of Directors, this will be decided at the AGM.
CORPORATE GOVERNANCE STRUCTURE
CORPORATE GOVERNANCE ASSESSMENT
GENERAL MEETING OF SHAREHOLDERS (GMS)
AGMS RESOLUTION FOR 2018 FINANCIAL YEAR
To give power and authority to the Series A Dwiwarna shareholder to determine the amount of royalty for the fiscal year 2018 and to determine the fee allowance, facility and other incentives for members of the board of directors for 2019. To change the nomenclature of positions of the members of the board of directors of the company as follows.
AGMS RESOLUTION FOR 2019 FINANCIAL YEAR
To appoint the names below as members of the Board of Directors of the Company. To appoint the following names as members of the Board of Commissioners of the Company.
BOARD OF COMMISSIONERS
BOARD OF COMMISSIONERS’ CHARTER
BOARD OF COMMISSIONERS’ AUTHORITIES, DUTIES, AND RESPONSIBILITIES
Suspension of the board members in accordance with the provisions of these articles of association;. Participate in the board meeting and give views on the matters discussed.
BOARD OF COMMISSIONERS’ COMPOSITION
BOARD OF COMMISSIONERS’ DIVERSITY
BOARD OF COMMISSIONERS’ DOUBLE POSITION
BOARD OF COMMISSIONERS’ SELF ASSESSMENT POLICY
BOARD OF COMMISSIONERS’ REMUNERATION
In the table below you will find the remuneration that our Supervisory Board received in 2020.
INDEPENDENT COMMISSIONER
Not a person who works or has the authority and responsibility to plan, direct, control or supervise the activities of the Company in the last 6 (six) months, except for the re-appointment as an Independent Commissioner in the next period. Has no connection with Telkom, members of the Board of Commissioners, members of the Board of Directors or major shareholders of Telkom.
INDEPENDENCE STATEMENT
BOARD OF COMMISSIONERS’ MEETING
RK Rhenald Kasali CA Cahyana Ahmadjayadi HMZ Harry Mozarta Zen (1) Od 19. junija 2020 MWK Marsudi Wahyu Kisworo RA Ririek Adriansyah SC Siti Choiriana (2) Do 19. junija 2020. AFA Ahmad Fikri Assegaf DR Dian Rachmawan ZA Zulhelfi Abidin (3 ) Direktorica EBIS od 19. junija 2020.
BOARD OF COMMISSIONERS’ PERFORMANCE ASSESSMENT
COMMITTEE UNDER BOARD OF COMMISSIONERS’ ASSESSMENT
BOARD OF DIRECTORS’ PERFORMANCE ASSESSMENT
AUDIT COMMITTEE
AUDIT COMMITTEE’S SCOPE, DUTIES, AND RESPONSIBILITIES
AUDIT COMMITTEE’S COMPOSITION
AUDIT COMMITTEE MEMBER’S PROFILE WHO ARE NOT BOARD OF COMMISSIONERS’ DOUBLE POSITION
Sarimin Mietra Sardi
Independent Member/Financial Expert Personal
Term of Service
Duties and Responsibilities
Career Experiences
Professional Licenses and Certificates
Emmanuel Bambang Suyitno
AUDIT COMMITTEE INDEPENDENCE
AUDIT COMMITTEE’S PERFORMANCE AND IMPLEMENTATION ACTIVITIES
- Evaluate the Independent Auditors who audit the Company's consolidated financial statements for the 2019 Financial Year and provide recommendations to the Board of Commissioners regarding the appointment of
- Supervise the Integrated Audit process for the 2019 Financial Year 2019 and 2020 Financial Year
- Reviewing and supervising the work plan and implementation of the Internal Auditor Unit for the 2020 Fiscal Year
- Supervise the audit process of the Partnership and Community Development Program (PKBL) carried out by the Community Development Center Unit (CDC) for the 2020 Financial Year
- Conducting discussion of the Company's Consolidated Financial Statements Quarterly
- Conducted a joint study with Committee for Planning and Risk Evaluation and Monitoring (KEMPR)
- Prepare the Audit Committee Annual Work Program
- Reviewing information on complaints that have been submitted through the Whistleblowing System (WBS) program for the 2020 Financial Year
The audit committee held discussions with CDC management and independent auditors (KAP PSS/EY) regarding the implementation of the Partnership and Community Development Program in 2020, the audit procedure for the financial statements of the Partnership and Community Development Program for the fiscal year 2020 and agreed Upon Procedures ( AUP) to comply with regulations applicable to the administration of the Community Partnership and Development Program. The audit committee held joint discussions on the implementation of Enterprise Risk Management (ERM) by management.
AUDIT COMMITTEE’S MEETING
The audit committee held discussions with management on a quarterly basis regarding the company's consolidated financial statements before the financial statements were submitted to the Financial Services Authority and the stock exchanges, so that the quality of the financial statements issued by management is fairly presented, has sufficient disclosures and there are no significant misstatements. The Audit Committee has prepared and considered the annual work program of the Audit Committee together with the Board of Commissioners to ensure that the work program includes all the tasks and responsibilities that have been regulated and defined in the charter, as well as special tasks assigned by the Board of Commissioners.
AUDIT COMMITTEE’S EDUCATION AND TRAINING
COMMITTEE FOR NOMINATION AND REMUNERATION
KNR’S SCOPE, DUTIES, AND RESPONSIBILITIES
The authority for the board of directors of PT Telkom Indonesia (Persero) Tbk is for the director (except the president director) and the board (except the chairman of the commissioner) of the company's subsidiary with a total asset ≤ 50% of the parent company's total assets and/or a subsidiary with a turnover ≤ 50% of the parent company's total turnover. As part of the follow-up to the letter from the SOE Minister number S.675/MBU/10/2018, on 18 October 2018, the Committee for Nomination and Remuneration in 2020 has carried out 19 Feasibility and Compliance tests for 22 management positions (position target ) with 76 candidates in 11 subsidiaries.
KNR’S COMPOSITION
Company management (Directors and Commissioners), with total assets ≥ 50% of total parent assets and/or subsidiary income ≥ 50% of parent income. 1/KEP/ DK/2020 dated 29 June 2020 regarding membership Composition of Committee for Nomination and Remuneration of PT Telekomunikasi Indonesia, Tbk at the same time the decision of the Board of Commissioners No.
KNR’S INDEPENDENCE
KNR’S PERFORMANCE AND IMPLEMENTATION ACTIVITIES
The implementation of the Fit and Proper Test for the management of the Company's subsidiaries, as follows
Total 25 Peoples
- Approval of the Proposed Structure One Level Below the Board of Directors a. Establishment of the Corporate Transformation Group
- Review of the Proposed KPI and Remuneration
- Implementation of routine tasks related to the governance of Committee for Nomination and Remuneration as well as follow-up assignments from the Board of Commissioners, including
Proposal for setting the Company's KPI and the Board's KPI in 2020. The Nomination and Remuneration Committee presented a proposal for the membership composition of the Nomination and Remuneration Committee of PT Telekomunikasi Indonesia, Tbk, which was later determined in the resolution of the Board of Directors number: 10/KEP /DK/2020 dated 29 June 2020.
KNR’S MEETINGS
Preparation of regulatory drafts regarding procedures for filling management positions in Telkom subsidiaries, which are then outlined in the Board's Resolution Number 15/KEP/DK/2020/RHS, dated 28 August 2020, which is in accordance with Regulation by the Minister for SOE number 04/MBU/06/2020 dated 26 June 2020. c. Others.
KNR’S EDUCATION AND TRAINING
COMMITTEE FOR PLANNING AND RISK EVALUATION AND MONITORING
KEMPR’S SCOPE, DUTIES, AND RESPONSIBILITIES
KEMPR’S COMPOSITION
With the appointment of KEMPR members, on June 29, 2020, the following old KEMPR members no longer perform their duties on the committee. Profile of KEMPR members from the board can be seen on profile for the board of commissioners.
KEMPR’S MEMBER PROFILE WHO ARE NOT BOARD OF COMMISSIONERS’
MEMBER
Embun Prowanta
Independent Member Personal
