NOMINATION AND REMUNERATION COMMITTEE

Each Supporting Committee of the Board of Commissioners is chaired by a member of the Board of Commissioners, and the duties and responsibilities of each Committee are outlined in its respective charter.

The Bio Farma Nomination and Remuneration Committee was established on April 20, 2020, and serves to assist the Board of Commissioners in submitting recommendations related to Nomination and Remuneration to Shareholders.

Members of the Nomination and Remuneration Committee are appointed and dismissed by the Board of Commissioners and reported to the GMS. Committee members who are members of the Board of Commissioners automatically resign when their term as members of the Board of Commissioners ends.

BASIS FOR THE ESTABLISHMENT OF THE NOMINATION AND REMUNERATION COMMITTEE

The establishment of the Nomination and Remuneration Committee refers to Law Number 19 of 2003 concerning State-Owned Enterprises and Minister of State-Owned Enterprises Regulation Number PER-12/MBU/2012 dated August 24, 2012 concerning Supporting Organs of the Board of Commissioners/Board of Supervisors of State-Owned Enterprises.

COMPOSITION OF THE NOMINATION AND REMUNERATION COMMITTEE