BRI has 10 (ten) Subsidiaries, which is BRI’s ownership in the Subsidiaries is more than 50%. BRI as the majority shareholder has the right to nominate members of the Board of Directors and Board of Commissioners of Subsidiaries, with details as follows: No Name of Company Nomination Rights 1. PT Bank Raya Indonesia Tbk. BRI has the right to nominate candidates for the Board of Directors and the Board of Commissioners. 2. PT Pegadaian Based on the Special Power of Attorney of the Minister of SOEs No. SKK – 87/ MBU/09/2021 dated September 13, 2021, BRI may submit proposals for Board of Directors candidates and Board of Commissioners candidates. 3. PT Permodalan Nasional Madani Based on the Special Power of Attorney of the Minister of SOEs No. SKK – 87/ MBU/09/2021 dated September 13, 2021, BRI may submit proposals for Board of Directors candidates and Board of Commissioners candidates. 4. PT Asuransi BRI Life Based on the PT Asuransi BRI Life Shareholders Agreement, BRI has the right to nominate the President Director, Compliance & Legal Director and Marketing Director. Furthermore, BRI has the right to nominate the President Commissioner and 2 (two) Independent Commissioners. 5. PT BRI Asuransi Indonesia BRI has the right to nominate for Board of Directors candidates and Board of Commissioners candidates. 6. PT BRI Danareksa Sekuritas Based on the Shareholder Agreement between BRI and PT Danareksa (Persero), BRI has the right to nominate the President Director, Director of Operations, Finance & Risk Management and Director of Institutional & Retail Capital Market. Furthermore, BRI has the right to nominate the President Commissioner and 1 (one) Independent Commissioner. 7. PT BRI Multifinance Indonesia BRI has the right to nominate for Board of Directors candidates and Board of Commissioners candidates. 8. PT BRI Ventura Investama BRI has the right to nominate for Board of Directors candidates and Board of Commissioners candidates. 9. BRI Global Financial Services BRI has the right to nominate for Executive Director candidates and Non Executive Director candidates. 10. PT BRI Manajemen Investasi Based on the Shareholders Agreement between BRI and PT BRI Manajemen Investasi BRI owned the right to nominate the President Director, Director of Finance. Furthermore, BRI had the right to nominate a President Commissioner and 1 (one) Independent Commissioner. In relation to the composition of the Management of BRI’s Subsidiaries, there are 4 (four) Managers at BRI’s Subsidiaries who currently also serve at BRI, namely as follows: No Name of Company Name Position at BRI Position at Subsidiary Company 1. PT BRI Asuransi Indonesia Kris Hananto Division Head Compliance President Commissioner 2. PT BRI Ventura Investama Ety Yuniarti Division Head MPE President Commissioner 3. PT BRI Danareksa Sekuritas Achmad Royadi SEVP Treasury & Global Service President Commissioner 4. BRI Global Financial Services Wisnu Rimba Pratama Chief Representative Non - Executive Director 5. PT BRI Multifinance Indonesia Dhoni Ramadi Division Head Retail Payment Commissioner 6 PT BRI Manajemen Investasi Tri Hartono Division Head SJK President Commissioner Bank Business Group Information PT Bank Rakyat Indonesia (Persero) Tbk. 2023 Annual Report 155 Company Profile
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