Board of Commisioner
The Board of Commissioners is the organ of the Company that is responsible for conducting general and/or specific supervision under the Articles of Association and providing advice to the Board of Directors. In accordance with Act No.40 of 2007 concerning Limited Liability Company and Financial Services Authority Regulation No.33/POJK.04/2014 concerning Board of Directors and Commissioners of Issuers or Public Company, all listed companies must have a Board of Commissioners. To ensure the Company is managed according to its business goals and objectives, the Board of Commissioners is obliged to carry out its duties in good faith and full responsibility for the benefits of the Company. Supervisions and advice provided by the Board of Commissioners includeessential strategies and plans for the company, integrity of financial statements, internal control systems and risk management, reports and information disclosure, compliance, and corporate governance. In performing their duties, the Board of Commissioners is responsible to the General Meeting of Shareholders (GMS). This responsibility is the implementation of the accountability aspect of the principles of good corporate governance (GCG).
The Board of Commissioners complieswith the Board of Commissioners’ Charter as a guide in carrying out their duties and responsibilities. The Charter is prepared by referring to the Company’s Articles of Association, Financial Services Authority Regulation No.33/POJK.04/2014, and GCG principles. This Charter regulates related matters including structure and composition, nomination, duties and responsibilities, and implementation of meetings.
The Board of Commissioners is comprised of at least 3 (three) members, where the appointment and dismissal made through the GMS. Currently, the Company’s Board of Commissioners consists of 3 (three) members, with 1 (one) of whom as Independent Commissioner. The composition has fulfilled the provisions of the Company’s Articles of Association,Financial Services Authority Regulation No.33/POJK.04/2014, and the Charter of the Board of Commissioners – which requires at least 30% of the members of the Board of Commissioners to be Independent Commissioners.
Based on the Deed Declaration of Shareholders Outside the Annual General Meeting in substitute of the Extraordinary General Meeting No.4 on 5 September 2019 made before Fessy Farizqoh Alwi, S.H., M.Kn., Notary in South Jakarta. The deed was approved by the Ministry of Law and Human Rights based on Decree No. AHU-0065409.AH.01.02. 2019 on 5 September 2019 and has been notified to the Minister of Law and Human Rights based on the Letter of Acceptance of Notification of Amendment to the Company’s Articles of Association No. AHU-AH.01.03-0327064 on 5 September 2019 and has been registered in the Company’s Listing in accordance with the Company Law No. AHU-0161361.AH.01.11. 2019 on5 September 2019; the members of the Board of Commissioners of PT Cisadane Sawit Raya Tbk. are as follows:
Indonesian, 60 years old, attained his education at SMP Kesatuan Bogor (1971-1974), then continued his education at SMA Kesatuan Bogor (1974-1978). He obtained his Bachelor of Accounting at ASMI (1978-1981).
He had worked as Purchasing Manager of Adeline Furniture (1980-1983), Legal Manager in PT Cisadane Raya Chemicals and Accounting Manager at the Company (1984-2005). He has served as the Company’s President Commissioner since 2005 and was reappointed based on The Deed No.4 of 2019 on 5 September 2019.
Since June 2019, he has also served as President Commissioner of PT Samukti Karya Lestari, PT Sukses Sawit Gasing, PT Abiputra Bina Inter, PT Daya Agro Lestari, PT Ina Zefanya Ataya, and PT Bintang Kenten Lestari.
As of 31 December 2018, Erwin Kurniawan had an affiliation with the controlling shareholder of PT Cisadane Sawit Raya Tbk.
Indonesian, 38 years old, received ‘O’ levels and ‘A’ levels certification at Concord College, Shrewsbury, UK (1997-1999) and a Bachelor of Arts in Business Management from Kings College, the University of London, United Kingdom (1992-2002).
He had served as Procurement Manager at PT Cisadane Raya Chemicals (2001-2009), VP Operations in PT Angso Duo Sawit (2003-2010), VP Operations inPT Sepakat Siantar (2004-2010), and PT Jambi Batanghari Plantations (2006- 2010). He joined PT Cisadane Sawit Raya as Vice Operational Director (2009-2016) and has been a Commissioner of the Company since 2016 and was reappointed based on The Deed No. 4 of 2019 on 5 September 2019.
Since June 2019, he has also served as Commissioner at PT Samukti Karya Lestari, PT Sukses Sawit Gasing, PT Abiputra Bina Inter, PT Daya Agro Lestari, PT Ina Zefanya Ataya, and PT Bintang Kenten Lestari.
As of 31 December 2018, Cokro Cienturi had an affiliated relationship with controlling shareholder PT Cisadane Sawit Raya Tbk.
Malaysian, 66 years old, has more than 45 years of experience in palm oil and plantation management in Malaysia and Indonesia, including ten years of experience with Sime Darby Plantations Bhd, Malaysia. He obtained a diploma in Mechanical Engineering from University of Technology Malaysia (1974), 1st Grade Steam Engineers’ Certificate of Competency in Malaysia (1978), Certificate in Systems Analysis & Design from NCC Manchester, UK (1980), and INSEAD Asian Executive Program, Singapore (2004).
He started working in Indonesia as a Senior Production Controller at PT SMART Tbk. (1988-1997), Engineering Director of PT Ukindo (1997-1998), then joined PT Eka Pendawa Sakti (now PT Austindo Nusantara Jaya Agri) as a Consultant (2000-2001), Engineering Director (2001-2002), and became Director Operations / Chief Operating Officer (2002-2005). Subsequently, he served as President Director of PT Austindo Nusantara Jaya Agri (2005-2013), President Director of PT Sahabat Plush and Makmur (2005-2013), President Director of PT ANJ Agri Siais (2005-2013), President Director of PT Kayung Agro Lestari (2005 -2013). He had served as Chief Operating Officer of PT Austindo Nusantara Jaya (2007-2011), President Director of PT ANJ Agri Papua (2008-2010), President Director of PT Austindo Aufwind New Energy (2008-2013), Commissioner of PT Austindo Nusantara Jaya Agri (2014 -2015), President Commissioner of PT Golden Plantation Tbk (2014-2018), and has been a Consultant specialized in palm oil industry for several companies (2019-present), including Anglo-Eastern Plantation Plc, United Kingdom. He is an Independent Commissioner of the Company with the appointment based on The Deed No. 4 of 2019 on 5 September 2019.
As of 31 December 2018, Koh Bing Hock had no affiliation with the controlling shareholder of PT Cisadane Sawit Raya Tbk.