Corporate
Governance

Board of Commissioner

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The company must have at least 2 (two) members of the Board of Commissioners, of which 1 (one) is an Independent Commissioner. Members of the Board of Commissioners are appointed by the Shareholders at the General Meeting of Shareholders (GMS). The Board of Commissioners is in charge of supervising the management of the Company directed by the Board of Directors, providing advice to the Board of Directors and carrying out work whose duties and authorities that have been specified in the Articles of Association of the Company. The Board of Commissioners holds a meeting at least 1 (one) time every 3 (three) months or every time deemed necessary.

Board of Directors

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The company must have at least 2 (two) members of the Board of Directors. The Board of Directors is appointed and dismissed by the General Meeting of Shareholders (GMS). The Board of Directors is in charge of running and being responsible for the management of the company for the benefit of the company in accordance with the company's goals and objectives as stipulated in the articles of association in good faith, prudence and full of responsibility.

The Board of Directors has the right to represent the Company inside and outside the court, regarding all matters and in all events, binding the Company with other parties and other parties with the Company, and carrying out all actions, both regarding management and ownership, but with restrictions as specified in Articles of Association of the Company.

The Board of Directors holds a meeting at least 1 (one) time every 2 (two) months or every time deemed necessary. Meeting decisions are made based on mutual agreement to reach consensus or in accordance with the provisions of the Company's Articles of Association.

Risk Management, Compliance and Internal Audit

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The implementation of risk management, compliance and internal audit functions is coordinated by a coordinator who has a direct reporting line to the Board of Commissioners and the President Director. This function acts independently and has unrestricted access to other Investment Manager functions.

• The risk management function is responsible for, among others, monitoring and periodically reviewing the implementation of Risk Management strategies, monitoring the overall risk position and implementing Risk Management effectively in accordance with the size and complexity of the Investment Manager's business.
• The Compliance function is responsible for, among others, ensuring the compliance of the Investment Manager with applicable laws and regulations as well as ensuring the implementation of a business continuity plan in accordance with the policies set by the company.
• The Internal Audit function is responsible for, among other things, planning, controlling and recording all internal audit activities and preparing internal audit reports to be submitted to the Board of Commissioners.

Standards of Business Conduct

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SQAM's standards of business conduct outline the ethics and professional responsibilities of all employees. By adopting and enforcing the Code of Ethics, the Company demonstrates its commitment to ethical business conduct and protection of customer interests. PT Sequis Aset Manajemen's Standard of Business Conduct consists of the following core values: