2. Provide advice to the Board of Directors of members of the BRI Financial Conglomerate regarding development plans for members of the BRI Financial Conglomerate, Company Long Term Plan, Company Work and Budget Plan, Policies, Articles of Association and GMS Decisions of members of the BRI Financial Conglomerate. 3. Form a committee and/or appoint parties to carry out functions that support the duties and responsibilities of the Board of Commissioners of members of the BRI Financial Conglomerate which include at least: a. Audit Monitoring; b. Compliance Monitoring; and c. Risk Management Monitoring 4. Hold meetings of the Board of Commissioners in accordance with the provisions of the Articles of Association of members of the BRI Financial Conglomeration and/or internal regulations of members of the BRI Financial Conglomeration which include frequency, presence of members of the Board of Commissioners, and procedures for decision making. 5. Form work guidelines for the Board of Commissioners for members of the BRI Financial Conglomerate. 6. Provide approval for actions within the scope of authority of the Board of Commissioners of members of the BRI Financial Conglomerate in accordance with the Articles of Association of members of the BRI Financial Conglomerate. 7. Carry out other tasks stipulated in the Articles of Association of members of the BRI Financial Conglomeration, the GMS Resolutions of members of the BRI Financial Conglomeration, and applicable laws and regulations. Financial Service Institution‘s Board of Directors Member of BRI Financial Conglomeration The duties and authority of the Board of Directors of members of the BRI Financial Conglomeration in implementing Integrated Governance refer to the Articles of Association of the members of the BRI Financial Conglomeration, the Work Guidelines and Regulations for members of the BRI Financial Conglomeration, internal regulations for members of the BRI Financial Conglomeration, as well as the provisions of applicable laws and regulations. In implementing Integrated Governance, the Board of Directors, members of the BRI Financial Conglomeration, have duties and responsibilities, including: 1. Carry out all actions related to the management of members of the BRI Financial Conglomeration in accordance with the aims and objectives of the members of the BRI Financial Conglomeration. 2. Manage members of the BRI Financial Conglomeration in terms of operations, business, human capital, risk management, finance, information technology, internal control systems, and other management aspects related to the businesses of members of the BRI Financial Conglomeration. 3. Organize a GMS for members of the BRI Financial Conglomerate in accordance with the procedures stipulated in the Articles of Association and statutory regulations. 4. Prepare Company Long Term Plan and Company Work and Budget Plan for members of the BRI Financial Conglomerate. 5. Implementing governance principles including compliance with sharia principles of the BRI Financial Conglomerate Subsidiary Company which is a sharia entity. 6. Follow up on audit findings by internal and external parties. 7. Ensure the availability of work regulations for members of the BRI Financial Conglomeration; 8. Align the strategies of BRI Financial Conglomerate members with the strategies of PT Bank Rakyat Indonesia (Persero) Tbk. 9. Implement synergy policies within the members of the BRI Financial Conglomeration. 10. Implement BRI policies relating to members of the BRI Financial Conglomerate. 11. Form committees under the Board of Directors of members of the BRI Financial Conglomeration if necessary. 12. Organize Board of Directors meetings in accordance with the provisions of the Articles of Association of members of the BRI Financial Conglomeration and/or internal regulations of members of the BRI Financial Conglomeration which include frequency, attendance of members of the Board of Directors, and procedures for decision making. 13. Carry out other duties and responsibilities stipulated in the Articles of Association of members of the BRI Financial Conglomerate, the GMS Resolutions of members of the BRI Financial Conglomerate, or applicable laws and regulations. Sharia Supervisory Board The Sharia Supervisory Board has at least the following duties and responsibilities: 1. Provide advice and suggestions to the Board of Directors and supervise Financial Service Institutions activities so that they comply with sharia principles 2. Develop work regulations for the Sharia Supervisory Board Intra Group Transaction Policy (Identifying, Managing and Mitigating Intra Group Transactions) Intra-group Transaction Risk became the risk resulting from an entity’s dependence, either directly or indirectly, on other entities within a Financial Conglomeration in order to fulfill written and unwritten agreements which are followed by the transfer of funds and/or not followed by the transfer of funds. Intra-group Risk Management 1. Identify intra-group risks a. The Main Entity identifies all intra-group risks of the Financial Conglomerate periodically using a method or system for identifying risks in the Financial Conglomerate. Intra-group transaction risks may arise from, among other things: • Cross ownership between entities in BRI’s Financial Conglomeration. PT Bank Rakyat Indonesia (Persero) Tbk. Annual Report 2023 784
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