Establishment of the Risk Management Monitoring Committee refers to Law No. 19 of 2003 on SOEs (State Gazette Year 2003 No. 70, Supplement to State Gazette No. 4297, and Minister of SOEs Regulation No. PER-01/MBU/2011 dated August 1, 2011 on the Implementation of Good Corporate Governance in State-Owned Enterprises, including the establishment of a Supporting Board of the Board of Commissioners/Board of Supervisory for the establishment of the Risk Management Committee. IPC’s Risk Management Monitoring Committee has been established since 2012 through Board of Commissioners Decision Letter (SK) No. 421A/DK/PI.II/XII-2012 dated December 10, 2012.

RISK MANAGEMENT MONITORING COMMITTEE DUTIES AND RESPONSIBILITIES

The Management Monitoring Committee Duties are based on the Board of Commissioners Decision No. 09/KEP-DK/PI.II/VII2017 dated July 14, 2017 concerning the Update/Stipulation of PT Pelabuhan Indonesia II (Persero) Charters for the Audit Committee, Risk Management Monitoring Committee, Nomination & Remuneration Committee, as follows:

• The Risk Management Monitoring Committee works collectively in performing its duties to assist the Board of Commissioners;
• The Risk Management Monitoring Committee is independent in its performance of duties as well as in reports and reports to the Board of Commissioners;
• The Risk Management Monitoring Committee provides recommendations on improvements to the Risk Management system and its implementation;
• The Risk Management Monitoring Committee ensures that there is a satisfactory review procedure for any information issued by the company;
• The Risk Management Monitoring Committee identifies matters requiring the attention of the Board of Commissioners and other duties granted by the Board of Commissioners;
• Special Duty from the Board of Commissioners