Serba Dinamik Annual Report 2021

Integrated Report 2021 225 CORPORATE GOVERNANCE STRUCTURE In driving high standards of corporate governance, the Board continuously reviews its corporate governance framework to ensure its relevance, effectiveness and sustainability in conducting the business and in addressing the challenges of the business. The Group also has in place the Delegation of Authority & Limit, which supports good corporate governance and prudent control of risks and investment management, which the Board has specifically reserved matters such as establishment of new businesses, annual strategic plan, approval of major capital expenditure, major acquisition and disposal of businesses or equity, borrowings and any corporate restructuring, for its decision. In order to ensure effectiveness of the above functions and responsibilities of the Board, the Board has in place a Governance Model for the Group where specific powers of the Board are delegated to the relevant Board Committees and the CEO as per follows: Audit & Risk Management Committee Investment Committee Delegation Accountability BOARD (Governance Charter) INTERNAL AUDITOR EXTERNAL AUDITOR CORPORATE GOVERNANCE AND RISK MANAGEMENT CEO ASSURANCE DOCUMENTED INTERNAL POLICIES AND PROCEDURES Policies ● Limit of Authority ● Finance Policy ● Procurement Policy ● Human Resource Policy ● Risk Management Policy ● Work Harassment Policy Standard/Code ● Code of Ethics ● Whistle Blowing Policy, Anti-Corruption & Bribery Policy and No Gift Policy ● Employee Code of Conduct MANAGEMENT GOVERNANCE & ASSURANCE Nomination and Remuneration Committee CORPORATE GOVERNANCE OVERVIEW STATEMENT