Part D - Rights and Equitable Treatment of Shareholders | PT Bank Tabungan Negara (Persero) Tbk

Clearly defined board responsibilities and corporate governance policy
D.1.1
Board Duties and Responsibilities	Does the company disclose its corporate governance policy / board charter?
Company Practices 2023-2024	The Company has disclosed its Governance Policy/Board Charter in the Annual Report and Company's Website. The information is mentioned in: CG Policy Board Charter: Work Code of Conduct of the Board of Commissioners Work Code of Conduct of the Board of Director Bank Tabungan Negara Annual Report FY 2023, Governance Soft Structure, Page 417
Source Document	BTN Annual Report FY 2023 Website Bank: Corporate Governance Policy
D.1.2
Board Duties and Responsibilities	Are the types of decisions requiring board of directors/commissioners' approval disclosed ?
Company Practices 2023-2024	Bank BTN has internal policy regarding the types of decisions and actions taken by Board of directors requiring board of commissioners' approval. There are 12 actions that require approval from BOC listed in the Annual Report. The information is mentioned in: Articles of Association Deed No. 8 dated 6 March 2024 article 12: BOD's roles and authorities, which include type of decisions required BOC's approval - Page 44. Articles of Association Deed No. 8 dated 6 March 2024 article 10: BOC's roles and authorities, which include type of decisions required BOC's approval - page 41. BTN Annual Report 2023, Decisions Requiring Approval of the Board of Commissioners Page 466. Board Character: Work Code of Conduct of the Board of Commissioners, article 14, Page 12 Work Code of Conduct of the Board of Director, part E, Page 18-19
Source Document	Website Bank: Corporate Governance Policy Company Practices 2023-2024 No.1 Company Practices 2023-2024 No.2 Board of Commissioner Work Code of Conduct of the Board of Commissioners NO. 4.1 Board of Directors Manual NO. 4.2
D.1.3
Board Duties and Responsibilities	Are the roles and responsibilities of the board of directors/commissioners clearly stated ?
Company Practices 2023-2024	The roles and responsibilities of the Board of Directors and Board of Commissioners are clearly stated in the Annual Report and Board Manual. Duties and Responsibilities of the Director Supervising the Compliance Function at least include Formulating strategies to empower the Culture of Compliance and Minimizing the Bank's Compliance Risks. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, For roles and responsibilities of Board of Directors, Page 434-464. Bank Tabungan Negara Annual Report FY 2023, For roles and responsibilities of Board of Commissioners, Page 465-486. Board of Directors Manual. Board of Comissioners Manual.
Source Document	BTN Annual Report FY 2023 Website Bank: Corporate Governance Policy
Corporate Vision/Mission
D.1.4
Board Duties and Responsibilities	Does the company have an updated vision and mission statement?
Company Practices 2023-2024	The company has an updated vision and mission stated in the Website and the Annual Report 2023. The new Vision and Mission have been established in the Corporate Plan Company Year 2021- 2025 and has been outlined in the Bank Business Plan 2023-2025. The information is mentioned in: BTN Website Bank Tabungan Negara Annual Report FY 2023, Vision, Mision Page 94 - 95
Source Document	BTN Annual Report FY 2023
D.1.5
Board Duties and Responsibilities	Does the board of directors play a leading role in the process of developing and reviewing the company's strategy at least annually?
Company Practices 2023-2024	The board of directors plays a major role in the company's strategy development and review process at least annually. In regards to the preparation of the Budget Work Plan (RKAP), BOD conduct a meeting on October 30 2023 with agenda the 2024 proposed RKAP as contained in the 2023 BTN annual report, Page 443 and 454 The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Table of Internal Meetings of the Board of Directors ,Page 443 and 454
Source Document	BTN Annual Report FY 2023
D.1.6
Board Duties and Responsibilities	Does the board of directors have a process to review, monitor and oversee the implementation of the corporate strategy?
Company Practices 2023-2024	The company disclose the Recommendation, Realization of Duties of The Board of Commissioners, and Supervision on The Implementation of Company Strategy in the annual report. The Board of Directors must hold regular Board of Directors meetings at least 1 (one) time every month or what is called the Scheduled Board of Directors Meeting (ALCO Meeting and Performance Review), and the Board of Commissioners supervise the progress through Joint Meetings of the Board of Commissioners and the Board of Directors scheduled at least 1 (once) every 4 months . The agenda of discussed Board of Directors Meeting at least includes: Preparation of Bank Business Plan (RBB) and Company Budget Work Plan (RKAP). Regularly review the Company's performance. Implementation of the APU, PPT and PPPSPM Programs. Implementation of Corporate Governance and Follow-up on Internal and External Audit findings. The information is mentioned in: Bank Tabungan Negara Annual Report 2023, Board of Directors Meeting Plan Page 443-458 Bank Tabungan Negara Annual Report 2023, Joint Meeting of The Board of Commissioners and the Board of Directors, Page 479-482 Bank Tabungan Negara Annual Report 2023, Recommendation, Realization of Duties of The Board of Commissioners, and Supervision on The Implementation of Company Strategy Page 485-486.
Source Document	BTN Annual Report FY 2023

Code of Ethics or Conduct
D.2.1
Board Structure	Are the details of the code of ethics or conduct disclosed?
Company Practices 2023-2024	The company has disclosed the code of ethics on the company's website and in the Annual Report under Code of Conduct section. The Code of Conduct contains ethical and behavioral standards for the Company as a business entity and all its elements in interacting with various internal and external interested parties. The application of the Code of Conduct aims to realize ideal behaviors that develop into a work culture based on the noble values believed by the Company. The information is mentioned in: Code of Conduct Policy Bank Tabungan Negara Annual Report FY 2023, Contents of The Code of Conduct, Page 650
Source Document	Website Bank: Bank Tabungan Negara Website - Code of Conduct BTN Annual Report FY 2023
D.2.2
Board Structure	Are all directors/commissioners, senior management and employees required to comply with the code/s?
Company Practices 2023-2024	All directors/commissioners, senior management and employees required to comply with the code/s. The Code of Conduct applies to all Management (Board of Commissioners and Board of Directors) and employees in carrying out every business activities and interacting with all stakeholders. The statement of compliance with the Code of Conduct at all levels of the organization is officially stated through the Board of Directors' Regulation No.16/PD/ CMPD/2015 dated December 31, 2015 on Code of Conduct. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Compliance With the Code of Ethics, Page 651
Source Document	BTN Annual Report FY 2023
D.2.3
Board Structure	Does the company have a process to implement and monitor compliance with the code/s of ethics or conduct?
Company Practices 2023-2024	The company has a process to implement and monitor compliance with the code/s of ethics or conduct through the Digital Room for E-learning Modules (DREAM) media and a Code of Conduct quiz is provided to determine employee understanding of the Code of Conduct. the Code of Conduct can also be accessed by all of the Company's Stakeholders through the Company's website. The Company's efforts to implement and enforce the Code of Conduct in 2023 include: Completion and signing of the Integrity Pact by all employees in accordance with the Code of Conduct values; Internalization of the Code of Conduct, Gratification Control and Anti-Bribery Management System (SMAP) to all Employees through Digital Room for E-learning Modules (DREAM); Cooperating with the KPK through the Professional with Integrity (PROFIT) program which includes competent HR to build integrity in preventing corruption within the Company through participation in training as an Integrity Building Expert (API) and in collaboration campaign with the KPK on preventing corruption through various communication media channels; Implementing the Gratification Control Program in accordance with the established Work Plan and reporting its results to the KPK on a quarterly basis; Managing gratification reports from all work units and reporting them to the KPK in accordance with the provisions; Implementing ISO 37001:2016 Anti-Bribery Management System (SMAP) as a manifestation of Business Ethics and Behavior listed in the Code of Conduct; Implementing the Whistleblowing System (WBS) program; Punishment for employees who violate business ethics. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Efforts To Implement and Enforce The Code of Conduct, Page 651
Source Document	BTN Annual Report FY 2023
Board Structure & Composition
D.2.4
Board Structure	Do independent directors/commissioners make up at least 50% of the board of directors/commissioners?
Company Practices 2023-2024	The Company has 50% Independent Commissioners from the total number of Board of Commissioners. January 1st, 2023 – January 11th, 2023 Period: 5 out of 8 or 62,50% are Independent Commissioner January 11th, 2023 – August 12th, 2023 Period: 5 out of 9 or 55,56% are Independent Commissioner August 12th, 2023 – December 31, 2023 Period: 4 out of 8 or 50,00% are Independent Commissioner On August 12, 2023, Ahdi Jumhari Luddin as Independent Commissioner of the Company passed away, thereby it ended his term of office automatically. The information is mentioned in: BTN Annual Report 2023, Composition of the board of commissioner, Page 69 BTN Annual Report 2023, Composition of the board of commissioner, Page 143-144
Source Document	BTN Annual Report FY 2023
D.2.5
Board Structure	Does the company have a term limit of nine years or less or 2 terms of five years1 each for its independent directors/ commissioners? 1 The five years term must be required by legislation which pre existed the introduction of the ASEAN Corporate Governance Scorecard in 201
Company Practices 2023-2024	Members of the Board of Commissioners are appointed for a term commencing from the appointment date determined by GMS and ending at the closing of the 5th (fifth) Annual GMS after the date of appointment, provided that the tenures do not exceed 5 (five) years, with due observance of applicable regulations and legislation in the Capital Market, and without neglecting the rights of GMS to dismiss any member of the Board of Commissioners at any time before their Term of Office is over. After their term of office ends, members of the Board of Commissioners may be reappointed by GMS for one term of office. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Term of Office of the Board of Commissioners, Page 467
Source Document	BTN Annual Report FY 2023
D.2.6
Board Structure	Has the company set a limit of five board seats that an individual independent/non-executive director/commissioner may hold simultaneously?
Company Practices 2023-2024	The company limits the number of listed company directorships for all independent/non executive directors/commissioners. Policy on Concurrent Positions of the Board of Commissioners Members of the Board of Commissioners are prohibited from holding multiple and concurrent positions as: Members of the Board of Directors of State-Owned Enterprises (BUMN), Regional Owned Enterprises (BUMD), and/or Private-Owned Enterprises. Political party administrators and/or legislative candidates/members and/or regional heads/deputy regional heads. Other positions in accordance with the provisions of the legislation. Other positions that may cause a conflict of interest. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Policy on Concurrent Positions of the Board of Commissioners, Page 469 Bank Tabungan Negara Annual Report FY 2023, Board Directors Profile, Page 120-130 Bank Tabungan Negara Annual Report FY 2023, Board Commissioners Profile, Page 134-142
Source Document	BTN Annual Report FY 2023
D.2.7
Board Structure	Does the company have any executive directors who serve on more than two boards of listed companies outside of the group?
Company Practices 2023-2024	None of Directors of the company having double positions at the other Public Companies. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Table of Concurrent Directors' Positions, Page 441
Source Document	BTN Annual Report FY 2023
Nominating Committee
D.2.8
Board Structure	Does the company have a Nominating Committee?
Company Practices 2023-2024	The company have a Remuneration and Nomination Committee. The Remuneration and Nomination Committee was established by the Board of Commissioners and reports directly to the Board of Commissioners in supporting the functions and duties of the Board of Commissioners in relation to the Remuneration and Nomination of the members of the Board of Directors and members of the Board of Commissioners. The Remuneration and Nomination Committee is one of the corporate organs, working together with the Human Capital Division and Learning Center Division as a tool owned by the Board of Directors for raising human capital as strategic assets and strategic partners, analyzing policies, monitoring the implementation of preparing prospective leaders that will be a role model, and providing meticulous attention to the implementation of good corporate governance, including policies and the amount of remuneration. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Remuneration and Nomination Committee, Page 522-536
Source Document	BTN Annual Report FY 2023
D.2.9
Board Structure	Is the Nominating Committee comprised of a majority of independent directors/commissioners?
Company Practices 2023-2024	The Nominating Committee comprise majority of independent directors/commissioners. There is 5 (five) out of 9 (nine) committee members of the company who are Independent Commissioners (55.5%) as follows: 5 (five) members (including Chairman of the Committee) are Independent Commissioners 4 (four) member is a Non Independent Commissioner, and 1 (one) member is an Independent Party, and 1 (one) member is an Executive Officer in charge of Human Resources (Non Director and Non Commissioner) The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023 , Structure, Membership, and Expertise of The Remuneration and Nomination Committee, Page 525
Source Document	BTN Annual Report FY 2023
D.2.10
Board Structure	Is the chairman of the Nominating Committee an independent director/commissioner?
Company Practices 2023-2024	The chairman of the nominating Committee of the company is an independent Commissioner. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Structure, Membership, and Expertise of The Remuneration and Nomination Committee, Page 525
Source Document	BTN Annual Report FY 2023
D.2.11
Board Structure	Does the company disclose the terms of reference/ governance structure/charter of the Nominating Committee?
Company Practices 2023-2024	The company disclosed the charter of the Nominating Committee in Annual Report. The Remuneration and Nomination Committee refers to the Charter of Remuneration and Nomination Committee according to the Board of Commissioners Decree Number 07/KOM/BTN/2023 dated December 13, 2023 regarding the Guidelines and Code of Conduct for the Remuneration and Nomination Committee of PT Bank Tabungan Negara (Persero) Tbk. Remuneration and Nomination Committee Work Guidelines and Rules aims to allow the Committee to work optimally and to ensure that the provisions recommendation for the remuneration and nomination of members. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Remuneration and Nomination Committee Charter Page 524
Source Document	BTN Annual Report FY 2023
D.2.12
Board Structure	Is the meeting attendance of the Nominating Committee disclosed and if so, did the Nominating Committee meet at least twice during the year?
Company Practices 2023-2024	Meeting is conducted by at least fulfilling the minimum requirement from the Board of Commissioners stipulated in the Company's Articles of Association. The meeting quorum is attended by minimum of 51% (fifty-one percent) of the Committee members either physically or proxied by other means. In 2023, Remuneration and Nomination Committee held 23 meetings. Total meeting, attandances of Remuneration and Nomination Committee members in the meeting and the realisation of duties of Remuneration and Nomination Committee in 2023. The company has disclosed the table of meeting agenda with nomination and remuneration topic respectively. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, The Remuneration and Nomination Committee's Meeting, Page 530-534
Source Document	BTN Annual Report FY 2023
Remuneration Committee / Compensation Committee
D.2.13
Board Structure	Does the company have a Remuneration Committee?
Company Practices 2023-2024	The company has a Remuneration and Nomination Committee. The Remuneration and Nomination Committee was established by the Board of Commissioners and reports directly to the Board of Commissioners in supporting the functions and duties of the Board of Commissioners in relation to the Remuneration and Nomination of the members of the Board of Directors and members of the Board of Commissioners. The Remuneration and Nomination Committee is one of the corporateorgans, working together with the Human Capital Division andLearning Center Division as a tool owned by the Board of Directorsfor raising human capital as strategic assets and strategic partners,analyzing policies, monitoring the implementation of preparing prospective leaders that will be a role model, and providing meticulous attention to the implementation of good corporate governance, including policies and the amount of remuneration. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023 , Remuneration and Nomination Committee, Page 522
Source Document	BTN Annual Report FY 2023
D.2.14
Board Structure	Is the Remuneration Committee comprised entirely of non executive directors/commissioners with a majority of independent directors/commissioners ?
Company Practices 2023-2024	Members of Remuneration and Nomination Committee of Bank BTN comprised of a majority of independent as follows : 5 (five) members (including Chairman of the Committee) are Independent Commissioners 4 (four) member is a Non Independent Commissioner, 1 (one) member is from Independent Party, and 1 (one) member is an Executive Officer in charge of Human Resources (Non Director and Non Commissioner) The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Structure, Membership, and Expertise of The Remuneration and Nomination Committee, Page 525
Source Document	BTN Annual Report FY 2023
D.2.15
Board Structure	Is the chairman of the Remuneration Committee an independent director/commissioner?
Company Practices 2023-2024	The chairman of the Remuneration Committee of the company is Independent Commissioner. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Structure, Membership, and Expertise of The Remuneration and Nomination Committee, Page 525
Source Document	BTN Annual Report FY 2023
D.2.16
Board Structure	Does the company disclose the terms of reference/ governance structure/ charter of the Remuneration Committee?
Company Practices 2023-2024	The company disclose the terms of reference/ governance structure/ charter of the Remuneration Committee. The Remuneration and Nomination Committee refers to the Charter of Remuneration and Nomination Committee according to the Board of Commissioners Decree Number 07/KOM/BTN/2023 dated December 13, 2023 regarding the Guidelines and Code of Conduct for the Remuneration and Nomination Committee of PT Bank Tabungan Negara (Persero) Tbk. Remuneration and Nomination Committee Work Guidelines and Rules aims to allow the Committee to work optimally and to ensure that the provisions recommendation for the remuneration and nomination of members. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Remuneration and Nomination Committee Charter, Page 524
Source Document	BTN Annual Report FY 2023
D.2.17
Board Structure	Is the meeting attendance of the Remuneration Committee disclosed and, if so, did the Remuneration Committee meet at least twice during the year?
Company Practices 2023-2024	Meeting is conducted by at least fulfilling the minimum requirement from the Board of Commissioners stipulated in the Company's Articles of Association. The meeting quorum is attended by minimum of 51% (fifty-one percent) of the Committee members either physically or proxied by other means. In 2023, Remuneration and Nomination Committee held 23 meetings. Total meeting, attandances of Remuneration and Nomination Committee members in the meeting and the realisation of duties of Remuneration and Nomination Committee in 2023 The company has disclosed the table of meeting agenda with nomination and remuneration topic respectively. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, The emuneration and Nomination and NominationCommitte's Meeting, Page 530-534
Source Document	BTN Annual Report FY 2023
Audit Committee
D.2.18
Board Structure	Does the company have an Audit Committee?
Company Practices 2023-2024	The Company has an Audit Committee as a Supporting Organ for the Board of Commissioners. The Audit Committee was formed with the function of supporting the Board of Commissioners in carrying out its supervisory function independently and objectively, including monitoring and evaluating the implementation of the internal control system, assessing the implementation of activities and audit results carried out by the Internal Audit Work Unit and external auditors, reviewing financial information to be released by the Bank. , and review compliance with provisions relating to the Company's activities. All members of the Audit Committee have fulfilled the independence criteria regulated by statutory regulations, namely: Having no financial relationship with the members of the Board of Commissioners and the Board of Directors Having no managerial relationship at the company, its subsidiaries, and its affiliates Having no share ownership relationship in the Company Having no familial relationship with the Board of Commissioners, Board of Directors, and/or fellow members of the Audit Committee Not serving as a member of a political party management or a government official The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Audit Committee, Page 509-515
Source Document	BTN Annual Report FY 2023
D.2.19
Board Structure	Is the Audit Committee comprised entirely of non-executive directors/commissioners with a majority of independent directors/commissioners?
Company Practices 2023-2024	The Audit Committee comprised entirely of non-executive directors/commissioners with a majority of independent directors/commissioners. As per 31 December 2023, the Audit Committee consists of: 2 (two) Independent Commissioners (including the Committee chairman); 1 (one) Non-independent Commissioner; And 2 (two) members from independent parties. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Table of Audit Committee Structure, Membership, and Expertis, Structure, Membership, and Expertise of the Audit Committee, Page 512
Source Document	BTN Annual Report FY 2023
D.2.20
Board Structure	Is the chairman of the Audit Committee an independent director/commissioner?
Company Practices 2023-2024	The Audit Committee is chaired by Mr. Iqbal Latanro, the Deputy President Commissioner who is also an Independent Commissioner. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Table of Audit Committee Structure, Membership, and Expertis, Structure, Membership, and Expertise of the Audit Committee, Page 512
Source Document	BTN Annual Report FY 2023
D.2.21
Board Structure	Does the company disclose the terms of reference/governance structure/charter of the Audit Committee?
Company Practices 2023-2024	The company discloses the terms of reference/governance structure/charter of the Audit Committee. The Audit Committee has guidelines and work rules as outlined in the Audit Committee Charter. The Audit Committee Charter has been approved by the Board of Commissioners through Board of Commissioners Decree number 06/KOM/BTN/2023 dated 13 December 2023. The charter in question includes the following regulations: the purpose of establishing the committee; duties, responsibilities and authority of the committee; committee structure and membership; committee meetings, quorums and decision making; term of office of committee members from Independent Parties; performance evaluation mechanism; And Periodic review of the committee's work guidelines and regulations. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Duties and Responsibilities of the Audit Committee Page 510-511
Source Document	BTN Annual Report FY 2023
D.2.22
Board Structure	Does at least one of the independent directors/commissioners of the committee have accounting expertise (accounting qualification or experience)?
Company Practices 2023-2024	One member of the Audit Committee from Independent Commisioners named Bambang Widjanarko has a formal educational background in accounting. The information is mentioned in: Website BTN - Governance - Management - Board of Commissioners
Source Document	Bambang Widjanarko's profile
D.2.23
Board Structure	Is the meeting attendance of the Audit Committee disclosed and, if so, did the Audit Committee meet at least four times during the year?
Company Practices 2023-2024	Audit Committee has held 35 (thirty five) meetings during 2023, where each meeting was attended by more than 51% (fifty one percent) of members, thus fulfilling the requirement for the presence of a majority of Committee members. The information is mentioned in: Bank Tabungan Negara Annual Report 2023, The Audit Committee's Meeting, Page 517-520
Source Document	BTN Annual Report FY 2023
D.2.24
Board Structure	Does the Audit Committee have primary responsibility for recommendation on the appointment, and removal of the external auditor?
Company Practices 2023-2024	The Audit Committee has the authority to provide recommendations to the Board of Commissioners regarding the appointment and replacement of external auditors.
Source Document	Authority of the Audit Committee Regarding Providing Recommendations for the Appointment and Replacement of External Auditors

Board meetings and attendance
D.3.1
Board Processes	Are the board of directors meeting scheduled before the start of financial year?
Company Practices 2023-2024	The board of directors meeting is scheduled before the start of financial year. The Board of Directors meeting plan based on the Company's Articles of Association, has agreed that the Board of Directors Meetings in 2024 will be held at least 1 (one) time per month and/ or as needed. The Board of Directors also holds meetings with the Committees under the Board of Directors which are scheduled according to the need. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Board of Directors Meeting Plan, Page 443
Source Document	BTN Annual Report FY 2023
D.3.2
Board Processes	Does the board of directors/commissioners meet at least six times during the year?
Company Practices 2023-2024	The Board of Commissioners and Directors have held 12 (twelve) joint meetings consisting of: 6 (six) meetings between the Board of Commissioners and the Board of Directors; And 6 (six) meetings between the Board of Directors and Board of Commissioners. These meetings discuss at least: Regularly company performance review; Progress of implementation of corporate plans; Monitoring risk management implementation; And Other discussions that are considered crucial and require attention. The Board of Commissioners has held internal meetings 52 (fifty two) times during 2023. The Board of Directors has held internal meetings 255 (two hundred and fifty five) times during 2023 The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Joint Board of Directors Meeting with the Board of Commissioners, Page 458 Bank Tabungan Negara Annual Report FY 2023, Joint Board of Directors Meeting with the Board of Directors, Page 444 - 457 Bank Tabungan Negara Annual Report FY 2023, Internal Meeting of the Board of Commissioners, Page 474 - 479
Source Document	BTN Annual Report FY 2023
D.3.3
Board Processes	Has each of the directors/commissioners attended at least 75% of all the board meetings held during the year?
Company Practices 2023-2024	The attendance percentage of all members of the Board of Commissioners and members of the Board of Directors is not less than 75% (seventy five percent) of all Joint Meetings, Board of Commissioners Meetings, and Board of Directors Meetings held in 2023. The information is mentioned in: Bank BTN Annual Report 2023 , Meeting Frequency and Attendance of the Board of Directors, Page 459 Bank BTN Annual Report 2023 ,Meeting Frequency and Attendence of the Board of Commissioners, Page 482
Source Document	BTN Annual Report FY 2023
D.3.4
Board Processes	Does the company require a minimum quorum of at least 2/3 for board decisions?
Company Practices 2023-2024	Scheduled Meetings of the Board of Directors must be attended by a minimum of 2/3 (two-thirds) of the total number of members of the Board of Directors. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Meeting of the Board of Directors, Page 441
Source Document	BTN Annual Report FY 2023
D.3.5
Board Processes	Did the non-executive directors/commissioners of the company meet separately at least once during the year without any executives present?
Company Practices 2023-2024	The non-executive commissioners of the company met separately 52 (fifty-two) times during the year without any executives present. Annual Report 2023, Realization of Internal Meeting of the Board of Commissioners, states: Throughout 2023, the Board of Commissioners has held 52 (fifty-two) internal meetings. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Internal Meeting of the Board of Commissioners, Page 474 & 479
Source Document	BTN Annual Report FY 2023
Access to information
D.3.6
Board Processes	Are board papers for board of directors/commissioners meetings provided to the board at least five business days in advance of the board meeting
Company Practices 2023-2024	Meeting materials for the Scheduled Board of Directors meeting as referred to shall be submitted to the meeting participants no later than 5 (five) working days before the meeting is held via e-mail or other fastest means possible. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Meeting of the Board of Directors, Page 441 Bank Tabungan Negara Annual Report FY 2023, Meeting Materials, Page 473
Source Document	BTN Annual Report FY 2023
D.3.7
Board Processes	Does the company secretary play a significant role in supporting the board in discharging its responsibilities?
Company Practices 2023-2024	The Corporate Secretary plays a significant role in supporting the activities of the Board of Directors and Board of Commissioners, including but not limited to: Implementation of the corporate governance. Organizing and documenting meetings of the board of directors and/or commissioners as well as general meetings of shareholders. Protocol and secretariat. Orientation Program for new board members. Preparation of fit and proper tests for Directors and Members of the Board of Commissioners held by the regulator. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Functions, Duties, and Responsibilities of the Corporate Secretary, Page 548
Source Document	BTN Annual Report FY 2023
D.3.8
Board Processes	Is the company secretary trained in legal, accountancy or company secretarial practices and has kept abreast on relevant developments?
Company Practices 2023-2024	The company secretary trained in legal, accountancy or company secretarial practices and followed the relevant developments. As stated in Corporate Secretary Profile, Achmad Chaerul, it has disclosed his Educational History, Work Experience and List of Training during 2023 for Corporate Secretary Competency Improvement Program. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Corporate Secretary Profile Page 548 - 550
Source Document	BTN Annual Report FY 2023
Board Appointments and Re-Election
D.3.9
Board Processes	Does the company disclose the criteria used in selecting new directors/commissioners?
Company Practices 2023-2024	Bank Tabungan Negara has disclosed the Requirements for Members of the Board of Commissioners and Requirements of the Board of Directors in the Annual Report. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Requirements of the Board of Directors, Page 439 Bank Tabungan Negara Annual Report FY 2023, Requirements for Members of the Board of Commissioners, Page 467
Source Document	BTN Annual Report FY 2023
D.3.10
Board Processes	Did the company describe the process followed in appointing new directors/commissioners?
Company Practices 2023-2024	The company describe the process followed in appointing new directors/commissioners. The appointment process and term of office of the Board of Commissioners and Directors are disclosed in the Board of Commissioners' Charter and the Board of Directors' Charter, respectively. Board of Directors Nomination Procedure The Policies and procedures for nomination of the Board of Directors has been regulated in the Good Corporate Governance Guidelines which are enacted in the Board of Directors Regulation No. 11/PD/DIR/PPD/2018 as well as the Board of Directors' Work Guidelines and Manual. The procedure for nomination of the Board of Directors is as follows: Members of the Board of Directors are appointed and dismissed by GMS. Selection of candidates for members of the Board of Directors is carried out through a transparent selection and nomination process, considering the recommendations of the Board of Commissioners based on analysis from the Remuneration and Nomination Committee, considering expertise, integrity, honesty, leadership, experience, behavior and dedication, as well as the adequacy of time for the progress of the Company. Candidates for members of the Board of Directors who are internal officials of the Company may be proposed by the Commissioners through a review of the Remuneration and Nomination Committee. The appointment of members of the Board of Directors is carried out through a fit and proper test mechanism. Prospective members of the Board of Directors who pass the test must sign a management contract before being appointed as the Board of Directors. Board of Commissioners Nomination Procedure Procedure for the nomination of the Board of Commissioners has been regulated in the Good Corporate Governance Guidelines which are stipulated in the Board of Directors Regulation No. 11/PD/DIR/PPD/2018 as well as the Board of Commissioners’ Work Guidelines and Manual. The procedure for the nomination of the Board of Commissioners, namely: Members of the Board of Commissioners are appointed and dismissed by GMS. Selection of candidates for the Board of Commissioners is carried out through a selection process up to nomination in a transparent manner by considering the recommendations of the Remuneration and Nomination Committee and considering the personality of the candidates for the Board of Commissioners including integrity, honesty, professionalism, leadership, experience, loyalty and adequacy of time for the progress of the Company. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Nomination Procedures for the Board of Directors and Board of Commissioners, Page 497
Source Document	BTN Annual Report FY 2023
D.3.11
Board Processes	Are all directors/commissioners subject to re-election every 3 years; or 5 years for listed companies in countries whose legislation prescribes a term of 5 years2 each? 2 The five years term must be required by legislation which pre existed the introduction of the ASEAN Corporate Governance Scorecard in 2011
Company Practices 2023-2024	Bank Tabungan Negara disclose the appointment process and term of office of the Board of Commissioners and Directors in the Board of Commissioners' Charter and the Board of Directors' Charter, respectively. Members of the Board of Commissioners and Members of the Board of Directors are appointed for a period of 5 (five) years and can be reappointed for 1 (one) term of office after their term of office ends. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Term of Office of the Board of Directors Page 438 Bank Tabungan Negara Annual Report FY 2023, Term of Office of the Board of Commissioners, Page 467
Source Document	BTN Annual Report FY 2023
Remuneration Matters
D.3.12
Board Processes	Do the shareholders or the Board of Directors approve the remuneration of the executive directors and/or the senior executives?
Company Practices 2023-2024	The shareholders approve the remuneration of the board of directors. The remuneration of members of the Board of Commissioners and members of the Board of Directors is determined by the General Meeting of Shareholders. In Summary of Minutes of the AGMS, The Third Agenda of Meeting, declared the Determination of Remuneration (salary/honorarium, facility, and benefit) of 2024, as well as Tantiem for Performance in 2023 for the Board of Directors and the Board of Commissioners of the Company. The information is mentioned in: Summary of Minutes of the AGMS, The Third Agenda of Meeting, Page 7
Source Document	Summary of Minutes of the AGMS
D.3.13
Board Processes	Does the company have measurable standards to align the performance-based remuneration of the executive directors and senior executives with long-term interests of the company, such as claw back provision and deferred bonuses?
Company Practices 2023-2024	The company disclose the Structure and Amount of Nominal/Remuneration for Each Director and Board of Commissioners. Remuneration for members of the Board of Directors and Board of Commissioners is determined based on the following factors: Business scale factor Business complexity factor Inflation rate Company's financial condition and capability Other factors that are relevant, and may not conflict with laws and regulations The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Remuneration, Page 381 Bank Tabungan Negara Annual Report FY 2023, Structure and Amount of Nominal/Remuneration for Each Director and Board of Commissioners, Page 499
Source Document	BTN Annual Report FY 2023
Internal Audit
D.3.14
Board Processes	Does the company have a separate internal audit function?
Company Practices 2023-2024	The company has an Internal Audit Work Unit or is called the Internal Audit Division. The Internal Audit Division has the function of assisting the duties of the President Director and the Board of Commissioners, including the Audit Committee, in carrying out supervision by explaining operational planning, implementation and monitoring of audit results as well as making analyzes and assessments in the fields of finance, accounting, operations and other activities through audits. on-site and off-site monitoring, including conducting management audits of all company work units. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023,The Function of the Internal Audit Division, Page 558
Source Document	BTN Annual Report FY 2023
D.3.15
Board Processes	Is the head of internal audit identified or, if outsourced, is the name of the external firm disclosed?
Company Practices 2023-2024	The Head of the Internal Audit Work Unit or Internal Audit Division Head is an internal employee of the company. The appointment of the Head of the Internal Audit Work Unit requires review and approval from the Board of Commissioners before the person concerned can serve effectively. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, The Profile of The Head of Internal Audit, Page 559
Source Document	BTN Annual Report FY 2023
D.3.16
Board Processes	Does the appointment and removal of the internal auditor require the approval of the Audit Committee?
Company Practices 2023-2024	The appointment and dismissal of the Head of the Internal Audit Work Unit requires review and approval by the Board of Commissioners by considering recommendations from the Audit Committee. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Duties and Responsibilities of the Audit Committee, Page 510
Source Document	BTN Annual Report FY 2023
Risk Oversight
D.3.17
Board Processes	Does the company establish a sound internal control procedures/risk management framework and periodically review the effectiveness of that framework?
Company Practices 2023-2024	The company has internal policy in the form of a general policy that regulates the Internal Control System and Risk Management. The company has detailed them into procedural provisions in the form of special policies and technical instructions. The company assigned internal audit and risk management unit to ensure internal control and risk management framework implemented effectively. Internal audit unit has responsibilities for, among other things, testing and evaluating the effectiveness of the implementation of the internal control system, risk management, and corporate governance processes. This evaluation is done in accordance with statutory regulations and company's policies. Risk management unit has responsibilities for, among other things, carry out regular reviews with a frequency adjusted to the Company's needs, to ensure adequacy of the Risk Management framework; accuracy of Risk assessment methodology; and adequacy of the Risk Management information system. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Internal Control System, Page 66-67 Bank Tabungan Negara Annual Report FY 2023, Duties and Responsibilities of the Risk Management Work Unit, Page 571
Source Document	BTN Annual Report FY 2023
Audit Committee
D.3.18
Board Processes	Does the Annual Report/Annual CG Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
Company Practices 2023-2024	The Company has an Audit Committee as a Supporting Organ for the Board of Commissioners. The Audit Committee was formed with the function of supporting the Board of Commissioners in carrying out its supervisory function independently and objectively, including monitoring and evaluating the implementation of the internal control system, assessing the implementation of activities and audit results carried out by the Internal Audit Work Unit and external auditors, reviewing financial information to be released by the Bank. , and review compliance with provisions relating to the Company's activities. All members of the Audit Committee have fulfilled the independence criteria regulated by statutory regulations, namely: Having no financial relationship with the members of the Board of Commissioners and the Board of Directors Having no managerial relationship at the company, its subsidiaries, and its affiliates Having no share ownership relationship in the Company Having no familial relationship with the Board of Commissioners, Board of Directors, and/or fellow members of the Audit Committee Not serving as a member of a political party management or a government official The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Audit Committee, Page 509-515
Source Document	BTN Annual Report FY 2023
D.3.19
Board Processes	Does the company disclose the key risks to which the company is materially exposed to (i.e. financial, operational including IT, environmental, social, economic)?
Company Practices 2023-2024	The company disclosed the risks to which the company is materially exposed such credit risks, operational risks, and strategic risks. As stated in the Annual Report, the Bank had a Risk Appetite Statement (RAS) which is a qualitative statement as well as a quantitative measure of the Bank's main risks. Disclosure of RAS was performed in writing and well documented by the Risk Management Work Unit. Determination of RAS limits is carried out by the Board of Commissioners and Directors. In determining RAS, economic, environmental and social sustainability has been taken into account which is then aligned to the preparation of the Company's Work Plan and Budget (RKAP), Risk Appetite, Risk Tolerance and Recovery Plan. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Risk Appetite Statement, Page 611
Source Document	BTN Annual Report FY 2023
D.3.20
Board Processes	Does the Annual Report/Annual CG Report contain a statement from the board of directors/commissioners or Audit Committee commenting on the adequacy of the company's internal controls/risk management systems?
Company Practices 2023-2024	The company declared the statement from the Board of Directors and Board of Commissioners on the adequacy of the company's internal controls and risk management systems. The Board of Directors and the Board of Commissioners review the results of the evaluation of the effectiveness of the Company's Internal Control System which includes the five main components of control, namely the Environment Control including Management Oversight and Culture of Control, Risk Recognition and Assessment, Control Activities and Segregation of Duties of Accountancy, Information, and Communication, Monitoring Activities and Correction Deficiencies. Based on the results of the review that has been carried out, the Board of Directors and the Board of Commissioners consider that the internal control system has been implemented adequately. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Statement of The Board of Directors and/or The Board of Commissioners Regarding The Sufficiency of The Internal Control System, Page 610 Bank Tabungan Negara Annual Report FY 2023, Statements of the Board of Directors and/or the Board of Commissioners or Audit Committee to Risk Management System Adequacy, Page 626
Source Document	BTN Annual Report FY 2023

Board Chairman
D.4.1
People on the Board	Do different persons assume the roles of chairman and CEO?
Company Practices 2023-2024	The President Commissioner who is the chairman of the Board of Commissioners and the President Director who is the chairman of the Board of Directors are different persons. The company's President Commissioner is Chandra M. Hamzah; And The President Director (CEO) is held by Nixon L.P. Napitupulu The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Board of Directors Profile, Page 120 Bank Tabungan Negara Annual Report FY 2023, Board of Commissioners Profile, Page 134
Source Document	BTN Annual Report FY 2023
D.4.2
People on the Board	Is the chairman an independent director/commissioner?
Company Practices 2023-2024	The President Commissioner as Chairman of the Board of Commissioners is the Company's Independent Commissioner. The President Director (CEO) as chairman of the Board of Directors meets the independence criteria as regulated in law. Both have met the following independence criteria: Having no financial relationship with the members of the Board of Commissioners and the Board of Directors Having no managerial relationship at the company, its subsidiaries, and its affiliates Having no share ownership relationship in the Company Having no familial relationship with the Board of Commissioners, Board of Directors, and/or fellow members of the Audit Committee Not serving as a member of a political party management or a government official The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Board of Directors Profile, Page 120 Bank Tabungan Negara Annual Report FY 2023, Directors Affiliation Relations, Page 131 Bank Tabungan Negara Annual Report FY 2023, Board of Commissioners Profile, Page 134 Bank Tabungan Negara Annual Report FY 2023, Affiliation of the Board of Commissioners, Page 143
Source Document	BTN Annual Report FY 2023
D.4.3
People on the Board	Is any of the directors a former CEO of the company in the past 2 years?
Company Practices 2023-2024	The company does not have a director who was a former CEO of the company in the last 2 (two) years. Bank Tabungan Negara Annual Report FY 2023,Board of Directors Profile Page 120 - 129
Source Document	BTN Annual Report FY 2023 Website Bank: Corporate Governance Policy
D.4.4
People on the Board	Are the roles and responsibilities of the chairman disclosed?
Company Practices 2023-2024	The company disclose the roles and responsibilities of the chairman/President Commissioner as follows: Chair meetings as regulated in the company's articles of association; Facilitate constructive discussions; Creating a culture of work ethics including maintaining effective and healthy relationships with the Board of Directors; Provide advice to other members of the Board of Commissioners regarding the implementation of the duties and responsibilities of the Board of Commissioners. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Duties and Responsibilities of The President Commissioner, Page 466
Source Document	BTN Annual Report FY 2023
Lead Independent Director
D.4.5
People on the Board	If the Chairman is not independent, has the Board appointed a Lead/Senior Independent Director and has his/her role been defined?
Company Practices 2023-2024	Chairman meets the independence criteria as regulated in law. The chairman have met the following independence criteria: Having no financial relationship with the members of the Board of Commissioners and the Board of Directors Having no managerial relationship at the company, its subsidiaries, and its affiliates Having no share ownership relationship in the Company Having no familial relationship with the Board of Commissioners, Board of Directors, and/or fellow members of the Audit Committee Not serving as a member of a political party management or a government official The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Independency of The Remuneration and Nomination Committee, Page 528
Source Document	BTN Annual Report FY 2023
D.4.6
People on the Board	Does at least one non-executive director/commissioner have prior working experience in the major sector that the company is operating in?
Company Practices 2023-2024	Three out of eight BoC members have professional experience in the banking sector as the company's main business line. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Board of Commissioners Profile, Page 134-142
Source Document	BTN Annual Report FY 2023

Directors Development
D.5.1
Board Performance	Does the company have orientation programmes for new directors/commissioners?
Company Practices 2023-2024	The Company has always held an Orientation Program or Introduction for newly-appointed members of the Board of Directors and Board of Commisioners to be acquainted with one another and establish cooperation as a solid, comprehensive, effective team. The Orientation Program also aims to provide insight into the condition of the Company in general. In 2023, the orientation was held for the new BOD and BOC. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Orientation Program for New Members of the Board of Directors, Page 462 Bank Tabungan Negara Annual Report FY 2023,Orientation Program for New Members of the Board of Commissioners, Page 485
Source Document	BTN Annual Report FY 2023
D.5.2
Board Performance	Does the company have a policy and actual practice and programs that encourages directors/commissioners to attend on-going or continuous professional education programmes?
Company Practices 2023-2024	The company has a policy that encourages directors/commissioners to attend training and/or competency development for Board of Directors. Policies related to training and/or competency development for the Board of Directors are regulated in the Good Corporate Governance Guidelines. The comprehensive program for the Board of Directors includes: The capacity-building programs are carried out to increase the effectiveness of the work of the Board of Directors. Each member of the Board of Directors participating in the programs such as seminars and/or training is required to have presentations to share their knowledge or to give any information. The material received from the programs must be properly documented in a separate section. The documentation becomes the responsibility of the Corporate Secretary. This material must be available if further needed. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Training and/or Improving the Competence of Board of Directors Members, Page 459-462 Bank Tabungan Negara Annual Report FY 2023, Training and/or Competency Development for Members of the Board of Commissioners, Page 483
Source Document	BTN Annual Report FY 2023
CEO/Executive Management Appointments and Performance
D.5.3
Board Performance	Does the company disclose the process on how the board of directors/commissioners plans for the succession of the CEO/Managing Director/President and key management?
Company Practices 2023-2024	The company disclose the process on how the board of directors/commissioners plans for the succession of the CEO/Managing Director/President and key management. In preparing candidates or successors for the Company's Directors, various Company talent developments are carried out, especially BOD-1, BOD-2 and Women Talent and Millennial Talent to increase Readiness Level and prepare them to become Nominated Talent, including through programs. The sources of Selected Talent and Nominated Talent from SOE are BOD-1 from SOE or SOE Subsidiaries which contribute significantly and have strategic value or BOD-1 from SOE or SOE Subsidiaries which is applied the same as SOE in accordance with the Law. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Policy on the Succession Plan of The Board of Directors, Page 535-636
Source Document	BTN Annual Report FY 2023
D.5.4
Board Performance	Does the board of directors/commissioners conduct an annual performance assessment of the CEO/Managing Director/President?
Company Practices 2023-2024	The performance assessment of the Company’s Directors, including the President Director, is carried out once a 1 (one) year and has been implemented in 2023. The procedure for determining and assessing the performance of the Board of Directors refers to the Regulation of the Minister of BUMN number PER-2/MBU/03/2023 concerning Guidelines for Governance and Significant Corporate Activities of State-Owned Enterprises and the Decree of the Minister of BUMN Number SK-306/MBU/11/2023 concerning Instructions Technical Preparation of Key Performance Indicators for BUMN. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023 - Performance Assessment of the Board of Directors, Page 486-488
Source Document	BTN Annual Report FY 2023 Performance Assessment of the Board of Directors and The Board of Commissioners
Board Appraisal
D.5.5
Board Performance	Did the company conduct an annual performance assessment of the board of directors/commissioners and disclose the criteria and process followed for the assessment?
Company Practices 2023-2024	In 2023, The Company conducted annual collegial performance assessment of the BOD and BOC. "Performance Assessment of the Board of Directors The performance assessment of the Company's Directors, including the President Director, both collegial and individual, is carried out once in a year and has been implemented in 2023. Performance Assessment of The Board of Commissioners The performance assessment of the Board of Commissioners, both collegial and individual, is carried out once a year and has been implemented in 2023." The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, PPerformance Assessment of the Board of Directors and The Board of Commissioners, Page 486
Source Document	BTN Annual Report FY 2023 Performance Assessment of the Board of Directors and The Board of Commissioners
Director Appraisal
D.5.6
Board Performance	Did the company conduct an annual performance assessment of the individual directors/commissioners and disclose the criteria and process followed for the assessment?
Company Practices 2023-2024	In 2023, The Company conducted annual collegial performance assessment of the BOD and BOC. "Performance Assessment of the Board of Directors The performance assessment of the Company's Directors, including the President Director, both collegial and individual, is carried out once in a year and has been implemented in 2023. Performance Assessment of The Board of Commissioners The performance assessment of the Board of Commissioners, both collegial and individual, is carried out once a year and has been implemented in 2023." The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Performance Assessment of the Board of Directors and The Board of Commissioners, Page Page 486
Source Document	BTN Annual Report FY 2023 Performance Assessment of the Board of Directors and The Board of Commissioners
Committee Appraisal
D.5.7
Board Performance	Did the company conduct an annual performance assessment of the board committees and disclose the criteria and process followed for the assessment?
Company Practices 2023-2024	The company has conducted an annual performance assessment of the board committees during the current year and disclose the criteria and process followed for the assessment. The Board of Commissioners assessed that during 2023, the Committees have carried out their duties and responsibilities quite effectively. Procedure of Performance Assessment of the Board of Commissioners The Board of Commissioners assessed that during 2023, the Committees have carried out their duties and responsibilities quite effectively. The Board of Commissioners is assisted by 3 (three) committees, namely the Audit Committee, Remuneration and Nomination Committee, and Risk Monitoring Committee. The Board of Commissioners periodically assesses the effectiveness of the performance of the Committees under the Board of Commissioners. The company has disclosed the Criteria of Performance Assessment of the Board of Commissioners, the complete disclosure can be found in annual report 2023. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Assessment of the Performance of Committees Under the Board of Commissioners and the Basis of its Assessment, Page 493
Source Document	BTN Annual Report FY 2023

D.1	Board Duties and Responsibilities	Company Practices 2023-2024	Source
Clearly defined board responsibilities and corporate governance policy
D.1.1	Does the company disclose its corporate governance policy / board charter?	The Company has disclosed its Governance Policy/Board Charter in the Annual Report and Company's Website. The information is mentioned in: CG Policy Board Charter: Work Code of Conduct of the Board of Commissioners Work Code of Conduct of the Board of Director Bank Tabungan Negara Annual Report FY 2023, Governance Soft Structure, Page 417	BTN Annual Report FY 2023 Website Bank: Corporate Governance Policy
D.1.2	Are the types of decisions requiring board of directors/commissioners' approval disclosed ?	Bank BTN has internal policy regarding the types of decisions and actions taken by Board of directors requiring board of commissioners' approval. There are 12 actions that require approval from BOC listed in the Annual Report. The information is mentioned in: Articles of Association Deed No. 8 dated 6 March 2024 article 12: BOD's roles and authorities, which include type of decisions required BOC's approval - Page 44. Articles of Association Deed No. 8 dated 6 March 2024 article 10: BOC's roles and authorities, which include type of decisions required BOC's approval - page 41. BTN Annual Report 2023, Decisions Requiring Approval of the Board of Commissioners Page 466. Board Character: Work Code of Conduct of the Board of Commissioners, article 14, Page 12 Work Code of Conduct of the Board of Director, part E, Page 18-19	Website Bank: Corporate Governance Policy Company Practices 2023-2024 No.1 Company Practices 2023-2024 No.2 Board of Commissioner Work Code of Conduct of the Board of Commissioners NO. 4.1 Board of Directors Manual NO. 4.2
D.1.3	Are the roles and responsibilities of the board of directors/commissioners clearly stated ?	The roles and responsibilities of the Board of Directors and Board of Commissioners are clearly stated in the Annual Report and Board Manual. Duties and Responsibilities of the Director Supervising the Compliance Function at least include Formulating strategies to empower the Culture of Compliance and Minimizing the Bank's Compliance Risks. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, For roles and responsibilities of Board of Directors, Page 434-464. Bank Tabungan Negara Annual Report FY 2023, For roles and responsibilities of Board of Commissioners, Page 465-486. Board of Directors Manual. Board of Comissioners Manual.	BTN Annual Report FY 2023 Website Bank: Corporate Governance Policy
Corporate Vision/Mission
D.1.4	Does the company have an updated vision and mission statement?	The company has an updated vision and mission stated in the Website and the Annual Report 2023. The new Vision and Mission have been established in the Corporate Plan Company Year 2021- 2025 and has been outlined in the Bank Business Plan 2023-2025. The information is mentioned in: BTN Website Bank Tabungan Negara Annual Report FY 2023, Vision, Mision Page 94 - 95	BTN Annual Report FY 2023
D.1.5	Does the board of directors play a leading role in the process of developing and reviewing the company's strategy at least annually?	The board of directors plays a major role in the company's strategy development and review process at least annually. In regards to the preparation of the Budget Work Plan (RKAP), BOD conduct a meeting on October 30 2023 with agenda the 2024 proposed RKAP as contained in the 2023 BTN annual report, Page 443 and 454 The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Table of Internal Meetings of the Board of Directors ,Page 443 and 454	BTN Annual Report FY 2023
D.1.6	Does the board of directors have a process to review, monitor and oversee the implementation of the corporate strategy?	The company disclose the Recommendation, Realization of Duties of The Board of Commissioners, and Supervision on The Implementation of Company Strategy in the annual report. The Board of Directors must hold regular Board of Directors meetings at least 1 (one) time every month or what is called the Scheduled Board of Directors Meeting (ALCO Meeting and Performance Review), and the Board of Commissioners supervise the progress through Joint Meetings of the Board of Commissioners and the Board of Directors scheduled at least 1 (once) every 4 months . The agenda of discussed Board of Directors Meeting at least includes: Preparation of Bank Business Plan (RBB) and Company Budget Work Plan (RKAP). Regularly review the Company's performance. Implementation of the APU, PPT and PPPSPM Programs. Implementation of Corporate Governance and Follow-up on Internal and External Audit findings. The information is mentioned in: Bank Tabungan Negara Annual Report 2023, Board of Directors Meeting Plan Page 443-458 Bank Tabungan Negara Annual Report 2023, Joint Meeting of The Board of Commissioners and the Board of Directors, Page 479-482 Bank Tabungan Negara Annual Report 2023, Recommendation, Realization of Duties of The Board of Commissioners, and Supervision on The Implementation of Company Strategy Page 485-486.	BTN Annual Report FY 2023

D.2	Board Structure	Company Practices 2023-2024	Source
Code of Ethics or Conduct
D.2.1	Are the details of the code of ethics or conduct disclosed?	The company has disclosed the code of ethics on the company's website and in the Annual Report under Code of Conduct section. The Code of Conduct contains ethical and behavioral standards for the Company as a business entity and all its elements in interacting with various internal and external interested parties. The application of the Code of Conduct aims to realize ideal behaviors that develop into a work culture based on the noble values believed by the Company. The information is mentioned in: Code of Conduct Policy Bank Tabungan Negara Annual Report FY 2023, Contents of The Code of Conduct, Page 650	Website Bank: Bank Tabungan Negara Website - Code of Conduct BTN Annual Report FY 2023
D.2.2	Are all directors/commissioners, senior management and employees required to comply with the code/s?	All directors/commissioners, senior management and employees required to comply with the code/s. The Code of Conduct applies to all Management (Board of Commissioners and Board of Directors) and employees in carrying out every business activities and interacting with all stakeholders. The statement of compliance with the Code of Conduct at all levels of the organization is officially stated through the Board of Directors' Regulation No.16/PD/ CMPD/2015 dated December 31, 2015 on Code of Conduct. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Compliance With the Code of Ethics, Page 651	BTN Annual Report FY 2023
D.2.3	Does the company have a process to implement and monitor compliance with the code/s of ethics or conduct?	The company has a process to implement and monitor compliance with the code/s of ethics or conduct through the Digital Room for E-learning Modules (DREAM) media and a Code of Conduct quiz is provided to determine employee understanding of the Code of Conduct. the Code of Conduct can also be accessed by all of the Company's Stakeholders through the Company's website. The Company's efforts to implement and enforce the Code of Conduct in 2023 include: Completion and signing of the Integrity Pact by all employees in accordance with the Code of Conduct values; Internalization of the Code of Conduct, Gratification Control and Anti-Bribery Management System (SMAP) to all Employees through Digital Room for E-learning Modules (DREAM); Cooperating with the KPK through the Professional with Integrity (PROFIT) program which includes competent HR to build integrity in preventing corruption within the Company through participation in training as an Integrity Building Expert (API) and in collaboration campaign with the KPK on preventing corruption through various communication media channels; Implementing the Gratification Control Program in accordance with the established Work Plan and reporting its results to the KPK on a quarterly basis; Managing gratification reports from all work units and reporting them to the KPK in accordance with the provisions; Implementing ISO 37001:2016 Anti-Bribery Management System (SMAP) as a manifestation of Business Ethics and Behavior listed in the Code of Conduct; Implementing the Whistleblowing System (WBS) program; Punishment for employees who violate business ethics. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Efforts To Implement and Enforce The Code of Conduct, Page 651	BTN Annual Report FY 2023
Board Structure & Composition
D.2.4	Do independent directors/commissioners make up at least 50% of the board of directors/commissioners?	The Company has 50% Independent Commissioners from the total number of Board of Commissioners. January 1st, 2023 – January 11th, 2023 Period: 5 out of 8 or 62,50% are Independent Commissioner January 11th, 2023 – August 12th, 2023 Period: 5 out of 9 or 55,56% are Independent Commissioner August 12th, 2023 – December 31, 2023 Period: 4 out of 8 or 50,00% are Independent Commissioner On August 12, 2023, Ahdi Jumhari Luddin as Independent Commissioner of the Company passed away, thereby it ended his term of office automatically. The information is mentioned in: BTN Annual Report 2023, Composition of the board of commissioner, Page 69 BTN Annual Report 2023, Composition of the board of commissioner, Page 143-144	BTN Annual Report FY 2023
D.2.5	Does the company have a term limit of nine years or less or 2 terms of five years1 each for its independent directors/ commissioners? 1 The five years term must be required by legislation which pre existed the introduction of the ASEAN Corporate Governance Scorecard in 201	Members of the Board of Commissioners are appointed for a term commencing from the appointment date determined by GMS and ending at the closing of the 5th (fifth) Annual GMS after the date of appointment, provided that the tenures do not exceed 5 (five) years, with due observance of applicable regulations and legislation in the Capital Market, and without neglecting the rights of GMS to dismiss any member of the Board of Commissioners at any time before their Term of Office is over. After their term of office ends, members of the Board of Commissioners may be reappointed by GMS for one term of office. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Term of Office of the Board of Commissioners, Page 467	BTN Annual Report FY 2023
D.2.6	Has the company set a limit of five board seats that an individual independent/non-executive director/commissioner may hold simultaneously?	The company limits the number of listed company directorships for all independent/non executive directors/commissioners. Policy on Concurrent Positions of the Board of Commissioners Members of the Board of Commissioners are prohibited from holding multiple and concurrent positions as: Members of the Board of Directors of State-Owned Enterprises (BUMN), Regional Owned Enterprises (BUMD), and/or Private-Owned Enterprises. Political party administrators and/or legislative candidates/members and/or regional heads/deputy regional heads. Other positions in accordance with the provisions of the legislation. Other positions that may cause a conflict of interest. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Policy on Concurrent Positions of the Board of Commissioners, Page 469 Bank Tabungan Negara Annual Report FY 2023, Board Directors Profile, Page 120-130 Bank Tabungan Negara Annual Report FY 2023, Board Commissioners Profile, Page 134-142	BTN Annual Report FY 2023
D.2.7	Does the company have any executive directors who serve on more than two boards of listed companies outside of the group?	None of Directors of the company having double positions at the other Public Companies. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Table of Concurrent Directors' Positions, Page 441	BTN Annual Report FY 2023
Nominating Committee
D.2.8	Does the company have a Nominating Committee?	The company have a Remuneration and Nomination Committee. The Remuneration and Nomination Committee was established by the Board of Commissioners and reports directly to the Board of Commissioners in supporting the functions and duties of the Board of Commissioners in relation to the Remuneration and Nomination of the members of the Board of Directors and members of the Board of Commissioners. The Remuneration and Nomination Committee is one of the corporate organs, working together with the Human Capital Division and Learning Center Division as a tool owned by the Board of Directors for raising human capital as strategic assets and strategic partners, analyzing policies, monitoring the implementation of preparing prospective leaders that will be a role model, and providing meticulous attention to the implementation of good corporate governance, including policies and the amount of remuneration. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Remuneration and Nomination Committee, Page 522-536	BTN Annual Report FY 2023
D.2.9	Is the Nominating Committee comprised of a majority of independent directors/commissioners?	The Nominating Committee comprise majority of independent directors/commissioners. There is 5 (five) out of 9 (nine) committee members of the company who are Independent Commissioners (55.5%) as follows: 5 (five) members (including Chairman of the Committee) are Independent Commissioners 4 (four) member is a Non Independent Commissioner, and 1 (one) member is an Independent Party, and 1 (one) member is an Executive Officer in charge of Human Resources (Non Director and Non Commissioner) The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023 , Structure, Membership, and Expertise of The Remuneration and Nomination Committee, Page 525	BTN Annual Report FY 2023
D.2.10	Is the chairman of the Nominating Committee an independent director/commissioner?	The chairman of the nominating Committee of the company is an independent Commissioner. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Structure, Membership, and Expertise of The Remuneration and Nomination Committee, Page 525	BTN Annual Report FY 2023
D.2.11	Does the company disclose the terms of reference/ governance structure/charter of the Nominating Committee?	The company disclosed the charter of the Nominating Committee in Annual Report. The Remuneration and Nomination Committee refers to the Charter of Remuneration and Nomination Committee according to the Board of Commissioners Decree Number 07/KOM/BTN/2023 dated December 13, 2023 regarding the Guidelines and Code of Conduct for the Remuneration and Nomination Committee of PT Bank Tabungan Negara (Persero) Tbk. Remuneration and Nomination Committee Work Guidelines and Rules aims to allow the Committee to work optimally and to ensure that the provisions recommendation for the remuneration and nomination of members. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Remuneration and Nomination Committee Charter Page 524	BTN Annual Report FY 2023
D.2.12	Is the meeting attendance of the Nominating Committee disclosed and if so, did the Nominating Committee meet at least twice during the year?	Meeting is conducted by at least fulfilling the minimum requirement from the Board of Commissioners stipulated in the Company's Articles of Association. The meeting quorum is attended by minimum of 51% (fifty-one percent) of the Committee members either physically or proxied by other means. In 2023, Remuneration and Nomination Committee held 23 meetings. Total meeting, attandances of Remuneration and Nomination Committee members in the meeting and the realisation of duties of Remuneration and Nomination Committee in 2023. The company has disclosed the table of meeting agenda with nomination and remuneration topic respectively. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, The Remuneration and Nomination Committee's Meeting, Page 530-534	BTN Annual Report FY 2023
Remuneration Committee / Compensation Committee
D.2.13	Does the company have a Remuneration Committee?	The company has a Remuneration and Nomination Committee. The Remuneration and Nomination Committee was established by the Board of Commissioners and reports directly to the Board of Commissioners in supporting the functions and duties of the Board of Commissioners in relation to the Remuneration and Nomination of the members of the Board of Directors and members of the Board of Commissioners. The Remuneration and Nomination Committee is one of the corporateorgans, working together with the Human Capital Division andLearning Center Division as a tool owned by the Board of Directorsfor raising human capital as strategic assets and strategic partners,analyzing policies, monitoring the implementation of preparing prospective leaders that will be a role model, and providing meticulous attention to the implementation of good corporate governance, including policies and the amount of remuneration. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023 , Remuneration and Nomination Committee, Page 522	BTN Annual Report FY 2023
D.2.14	Is the Remuneration Committee comprised entirely of non executive directors/commissioners with a majority of independent directors/commissioners ?	Members of Remuneration and Nomination Committee of Bank BTN comprised of a majority of independent as follows : 5 (five) members (including Chairman of the Committee) are Independent Commissioners 4 (four) member is a Non Independent Commissioner, 1 (one) member is from Independent Party, and 1 (one) member is an Executive Officer in charge of Human Resources (Non Director and Non Commissioner) The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Structure, Membership, and Expertise of The Remuneration and Nomination Committee, Page 525	BTN Annual Report FY 2023
D.2.15	Is the chairman of the Remuneration Committee an independent director/commissioner?	The chairman of the Remuneration Committee of the company is Independent Commissioner. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Structure, Membership, and Expertise of The Remuneration and Nomination Committee, Page 525	BTN Annual Report FY 2023
D.2.16	Does the company disclose the terms of reference/ governance structure/ charter of the Remuneration Committee?	The company disclose the terms of reference/ governance structure/ charter of the Remuneration Committee. The Remuneration and Nomination Committee refers to the Charter of Remuneration and Nomination Committee according to the Board of Commissioners Decree Number 07/KOM/BTN/2023 dated December 13, 2023 regarding the Guidelines and Code of Conduct for the Remuneration and Nomination Committee of PT Bank Tabungan Negara (Persero) Tbk. Remuneration and Nomination Committee Work Guidelines and Rules aims to allow the Committee to work optimally and to ensure that the provisions recommendation for the remuneration and nomination of members. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Remuneration and Nomination Committee Charter, Page 524	BTN Annual Report FY 2023
D.2.17	Is the meeting attendance of the Remuneration Committee disclosed and, if so, did the Remuneration Committee meet at least twice during the year?	Meeting is conducted by at least fulfilling the minimum requirement from the Board of Commissioners stipulated in the Company's Articles of Association. The meeting quorum is attended by minimum of 51% (fifty-one percent) of the Committee members either physically or proxied by other means. In 2023, Remuneration and Nomination Committee held 23 meetings. Total meeting, attandances of Remuneration and Nomination Committee members in the meeting and the realisation of duties of Remuneration and Nomination Committee in 2023 The company has disclosed the table of meeting agenda with nomination and remuneration topic respectively. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, The emuneration and Nomination and NominationCommitte's Meeting, Page 530-534	BTN Annual Report FY 2023
Audit Committee
D.2.18	Does the company have an Audit Committee?	The Company has an Audit Committee as a Supporting Organ for the Board of Commissioners. The Audit Committee was formed with the function of supporting the Board of Commissioners in carrying out its supervisory function independently and objectively, including monitoring and evaluating the implementation of the internal control system, assessing the implementation of activities and audit results carried out by the Internal Audit Work Unit and external auditors, reviewing financial information to be released by the Bank. , and review compliance with provisions relating to the Company's activities. All members of the Audit Committee have fulfilled the independence criteria regulated by statutory regulations, namely: Having no financial relationship with the members of the Board of Commissioners and the Board of Directors Having no managerial relationship at the company, its subsidiaries, and its affiliates Having no share ownership relationship in the Company Having no familial relationship with the Board of Commissioners, Board of Directors, and/or fellow members of the Audit Committee Not serving as a member of a political party management or a government official The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Audit Committee, Page 509-515	BTN Annual Report FY 2023
D.2.19	Is the Audit Committee comprised entirely of non-executive directors/commissioners with a majority of independent directors/commissioners?	The Audit Committee comprised entirely of non-executive directors/commissioners with a majority of independent directors/commissioners. As per 31 December 2023, the Audit Committee consists of: 2 (two) Independent Commissioners (including the Committee chairman); 1 (one) Non-independent Commissioner; And 2 (two) members from independent parties. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Table of Audit Committee Structure, Membership, and Expertis, Structure, Membership, and Expertise of the Audit Committee, Page 512	BTN Annual Report FY 2023
D.2.20	Is the chairman of the Audit Committee an independent director/commissioner?	The Audit Committee is chaired by Mr. Iqbal Latanro, the Deputy President Commissioner who is also an Independent Commissioner. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Table of Audit Committee Structure, Membership, and Expertis, Structure, Membership, and Expertise of the Audit Committee, Page 512	BTN Annual Report FY 2023
D.2.21	Does the company disclose the terms of reference/governance structure/charter of the Audit Committee?	The company discloses the terms of reference/governance structure/charter of the Audit Committee. The Audit Committee has guidelines and work rules as outlined in the Audit Committee Charter. The Audit Committee Charter has been approved by the Board of Commissioners through Board of Commissioners Decree number 06/KOM/BTN/2023 dated 13 December 2023. The charter in question includes the following regulations: the purpose of establishing the committee; duties, responsibilities and authority of the committee; committee structure and membership; committee meetings, quorums and decision making; term of office of committee members from Independent Parties; performance evaluation mechanism; And Periodic review of the committee's work guidelines and regulations. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Duties and Responsibilities of the Audit Committee Page 510-511	BTN Annual Report FY 2023
D.2.22	Does at least one of the independent directors/commissioners of the committee have accounting expertise (accounting qualification or experience)?	One member of the Audit Committee from Independent Commisioners named Bambang Widjanarko has a formal educational background in accounting. The information is mentioned in: Website BTN - Governance - Management - Board of Commissioners	Bambang Widjanarko's profile
D.2.23	Is the meeting attendance of the Audit Committee disclosed and, if so, did the Audit Committee meet at least four times during the year?	Audit Committee has held 35 (thirty five) meetings during 2023, where each meeting was attended by more than 51% (fifty one percent) of members, thus fulfilling the requirement for the presence of a majority of Committee members. The information is mentioned in: Bank Tabungan Negara Annual Report 2023, The Audit Committee's Meeting, Page 517-520	BTN Annual Report FY 2023
D.2.24	Does the Audit Committee have primary responsibility for recommendation on the appointment, and removal of the external auditor?	The Audit Committee has the authority to provide recommendations to the Board of Commissioners regarding the appointment and replacement of external auditors.	Authority of the Audit Committee Regarding Providing Recommendations for the Appointment and Replacement of External Auditors

D.3	Board Processes	Company Practices 2023-2024	Source
Board meetings and attendance
D.3.1	Are the board of directors meeting scheduled before the start of financial year?	The board of directors meeting is scheduled before the start of financial year. The Board of Directors meeting plan based on the Company's Articles of Association, has agreed that the Board of Directors Meetings in 2024 will be held at least 1 (one) time per month and/ or as needed. The Board of Directors also holds meetings with the Committees under the Board of Directors which are scheduled according to the need. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Board of Directors Meeting Plan, Page 443	BTN Annual Report FY 2023
D.3.2	Does the board of directors/commissioners meet at least six times during the year?	The Board of Commissioners and Directors have held 12 (twelve) joint meetings consisting of: 6 (six) meetings between the Board of Commissioners and the Board of Directors; And 6 (six) meetings between the Board of Directors and Board of Commissioners. These meetings discuss at least: Regularly company performance review; Progress of implementation of corporate plans; Monitoring risk management implementation; And Other discussions that are considered crucial and require attention. The Board of Commissioners has held internal meetings 52 (fifty two) times during 2023. The Board of Directors has held internal meetings 255 (two hundred and fifty five) times during 2023 The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Joint Board of Directors Meeting with the Board of Commissioners, Page 458 Bank Tabungan Negara Annual Report FY 2023, Joint Board of Directors Meeting with the Board of Directors, Page 444 - 457 Bank Tabungan Negara Annual Report FY 2023, Internal Meeting of the Board of Commissioners, Page 474 - 479	BTN Annual Report FY 2023
D.3.3	Has each of the directors/commissioners attended at least 75% of all the board meetings held during the year?	The attendance percentage of all members of the Board of Commissioners and members of the Board of Directors is not less than 75% (seventy five percent) of all Joint Meetings, Board of Commissioners Meetings, and Board of Directors Meetings held in 2023. The information is mentioned in: Bank BTN Annual Report 2023 , Meeting Frequency and Attendance of the Board of Directors, Page 459 Bank BTN Annual Report 2023 ,Meeting Frequency and Attendence of the Board of Commissioners, Page 482	BTN Annual Report FY 2023
D.3.4	Does the company require a minimum quorum of at least 2/3 for board decisions?	Scheduled Meetings of the Board of Directors must be attended by a minimum of 2/3 (two-thirds) of the total number of members of the Board of Directors. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Meeting of the Board of Directors, Page 441	BTN Annual Report FY 2023
D.3.5	Did the non-executive directors/commissioners of the company meet separately at least once during the year without any executives present?	The non-executive commissioners of the company met separately 52 (fifty-two) times during the year without any executives present. Annual Report 2023, Realization of Internal Meeting of the Board of Commissioners, states: Throughout 2023, the Board of Commissioners has held 52 (fifty-two) internal meetings. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Internal Meeting of the Board of Commissioners, Page 474 & 479	BTN Annual Report FY 2023
Access to information
D.3.6	Are board papers for board of directors/commissioners meetings provided to the board at least five business days in advance of the board meeting	Meeting materials for the Scheduled Board of Directors meeting as referred to shall be submitted to the meeting participants no later than 5 (five) working days before the meeting is held via e-mail or other fastest means possible. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Meeting of the Board of Directors, Page 441 Bank Tabungan Negara Annual Report FY 2023, Meeting Materials, Page 473	BTN Annual Report FY 2023
D.3.7	Does the company secretary play a significant role in supporting the board in discharging its responsibilities?	The Corporate Secretary plays a significant role in supporting the activities of the Board of Directors and Board of Commissioners, including but not limited to: Implementation of the corporate governance. Organizing and documenting meetings of the board of directors and/or commissioners as well as general meetings of shareholders. Protocol and secretariat. Orientation Program for new board members. Preparation of fit and proper tests for Directors and Members of the Board of Commissioners held by the regulator. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Functions, Duties, and Responsibilities of the Corporate Secretary, Page 548	BTN Annual Report FY 2023
D.3.8	Is the company secretary trained in legal, accountancy or company secretarial practices and has kept abreast on relevant developments?	The company secretary trained in legal, accountancy or company secretarial practices and followed the relevant developments. As stated in Corporate Secretary Profile, Achmad Chaerul, it has disclosed his Educational History, Work Experience and List of Training during 2023 for Corporate Secretary Competency Improvement Program. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Corporate Secretary Profile Page 548 - 550	BTN Annual Report FY 2023
Board Appointments and Re-Election
D.3.9	Does the company disclose the criteria used in selecting new directors/commissioners?	Bank Tabungan Negara has disclosed the Requirements for Members of the Board of Commissioners and Requirements of the Board of Directors in the Annual Report. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Requirements of the Board of Directors, Page 439 Bank Tabungan Negara Annual Report FY 2023, Requirements for Members of the Board of Commissioners, Page 467	BTN Annual Report FY 2023
D.3.10	Did the company describe the process followed in appointing new directors/commissioners?	The company describe the process followed in appointing new directors/commissioners. The appointment process and term of office of the Board of Commissioners and Directors are disclosed in the Board of Commissioners' Charter and the Board of Directors' Charter, respectively. Board of Directors Nomination Procedure The Policies and procedures for nomination of the Board of Directors has been regulated in the Good Corporate Governance Guidelines which are enacted in the Board of Directors Regulation No. 11/PD/DIR/PPD/2018 as well as the Board of Directors' Work Guidelines and Manual. The procedure for nomination of the Board of Directors is as follows: Members of the Board of Directors are appointed and dismissed by GMS. Selection of candidates for members of the Board of Directors is carried out through a transparent selection and nomination process, considering the recommendations of the Board of Commissioners based on analysis from the Remuneration and Nomination Committee, considering expertise, integrity, honesty, leadership, experience, behavior and dedication, as well as the adequacy of time for the progress of the Company. Candidates for members of the Board of Directors who are internal officials of the Company may be proposed by the Commissioners through a review of the Remuneration and Nomination Committee. The appointment of members of the Board of Directors is carried out through a fit and proper test mechanism. Prospective members of the Board of Directors who pass the test must sign a management contract before being appointed as the Board of Directors. Board of Commissioners Nomination Procedure Procedure for the nomination of the Board of Commissioners has been regulated in the Good Corporate Governance Guidelines which are stipulated in the Board of Directors Regulation No. 11/PD/DIR/PPD/2018 as well as the Board of Commissioners’ Work Guidelines and Manual. The procedure for the nomination of the Board of Commissioners, namely: Members of the Board of Commissioners are appointed and dismissed by GMS. Selection of candidates for the Board of Commissioners is carried out through a selection process up to nomination in a transparent manner by considering the recommendations of the Remuneration and Nomination Committee and considering the personality of the candidates for the Board of Commissioners including integrity, honesty, professionalism, leadership, experience, loyalty and adequacy of time for the progress of the Company. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Nomination Procedures for the Board of Directors and Board of Commissioners, Page 497	BTN Annual Report FY 2023
D.3.11	Are all directors/commissioners subject to re-election every 3 years; or 5 years for listed companies in countries whose legislation prescribes a term of 5 years2 each? 2 The five years term must be required by legislation which pre existed the introduction of the ASEAN Corporate Governance Scorecard in 2011	Bank Tabungan Negara disclose the appointment process and term of office of the Board of Commissioners and Directors in the Board of Commissioners' Charter and the Board of Directors' Charter, respectively. Members of the Board of Commissioners and Members of the Board of Directors are appointed for a period of 5 (five) years and can be reappointed for 1 (one) term of office after their term of office ends. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Term of Office of the Board of Directors Page 438 Bank Tabungan Negara Annual Report FY 2023, Term of Office of the Board of Commissioners, Page 467	BTN Annual Report FY 2023
Remuneration Matters
D.3.12	Do the shareholders or the Board of Directors approve the remuneration of the executive directors and/or the senior executives?	The shareholders approve the remuneration of the board of directors. The remuneration of members of the Board of Commissioners and members of the Board of Directors is determined by the General Meeting of Shareholders. In Summary of Minutes of the AGMS, The Third Agenda of Meeting, declared the Determination of Remuneration (salary/honorarium, facility, and benefit) of 2024, as well as Tantiem for Performance in 2023 for the Board of Directors and the Board of Commissioners of the Company. The information is mentioned in: Summary of Minutes of the AGMS, The Third Agenda of Meeting, Page 7	Summary of Minutes of the AGMS
D.3.13	Does the company have measurable standards to align the performance-based remuneration of the executive directors and senior executives with long-term interests of the company, such as claw back provision and deferred bonuses?	The company disclose the Structure and Amount of Nominal/Remuneration for Each Director and Board of Commissioners. Remuneration for members of the Board of Directors and Board of Commissioners is determined based on the following factors: Business scale factor Business complexity factor Inflation rate Company's financial condition and capability Other factors that are relevant, and may not conflict with laws and regulations The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Remuneration, Page 381 Bank Tabungan Negara Annual Report FY 2023, Structure and Amount of Nominal/Remuneration for Each Director and Board of Commissioners, Page 499	BTN Annual Report FY 2023
Internal Audit
D.3.14	Does the company have a separate internal audit function?	The company has an Internal Audit Work Unit or is called the Internal Audit Division. The Internal Audit Division has the function of assisting the duties of the President Director and the Board of Commissioners, including the Audit Committee, in carrying out supervision by explaining operational planning, implementation and monitoring of audit results as well as making analyzes and assessments in the fields of finance, accounting, operations and other activities through audits. on-site and off-site monitoring, including conducting management audits of all company work units. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023,The Function of the Internal Audit Division, Page 558	BTN Annual Report FY 2023
D.3.15	Is the head of internal audit identified or, if outsourced, is the name of the external firm disclosed?	The Head of the Internal Audit Work Unit or Internal Audit Division Head is an internal employee of the company. The appointment of the Head of the Internal Audit Work Unit requires review and approval from the Board of Commissioners before the person concerned can serve effectively. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, The Profile of The Head of Internal Audit, Page 559	BTN Annual Report FY 2023
D.3.16	Does the appointment and removal of the internal auditor require the approval of the Audit Committee?	The appointment and dismissal of the Head of the Internal Audit Work Unit requires review and approval by the Board of Commissioners by considering recommendations from the Audit Committee. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Duties and Responsibilities of the Audit Committee, Page 510	BTN Annual Report FY 2023
Risk Oversight
D.3.17	Does the company establish a sound internal control procedures/risk management framework and periodically review the effectiveness of that framework?	The company has internal policy in the form of a general policy that regulates the Internal Control System and Risk Management. The company has detailed them into procedural provisions in the form of special policies and technical instructions. The company assigned internal audit and risk management unit to ensure internal control and risk management framework implemented effectively. Internal audit unit has responsibilities for, among other things, testing and evaluating the effectiveness of the implementation of the internal control system, risk management, and corporate governance processes. This evaluation is done in accordance with statutory regulations and company's policies. Risk management unit has responsibilities for, among other things, carry out regular reviews with a frequency adjusted to the Company's needs, to ensure adequacy of the Risk Management framework; accuracy of Risk assessment methodology; and adequacy of the Risk Management information system. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Internal Control System, Page 66-67 Bank Tabungan Negara Annual Report FY 2023, Duties and Responsibilities of the Risk Management Work Unit, Page 571	BTN Annual Report FY 2023
D.3.18	Does the Annual Report/Annual CG Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?	The company disclose the statement of the Board of Directors and Board of Commissioners that a review of the company's material controls including Internal Control System and Risk Management has been conducted. The Board of Directors and the Board of Commissioners are committed to ensuring that Good Corporate Governance is carried out properly as a basis for achieving goals to maintain and increase the value of the Company. One of the implementations of Good Corporate Governance is ensuring that the Internal Control System has been implemented adequately. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Statement of The Board of Directors and/or The Board of Commissioners Regarding The Sufficiency of The Internal Control System, Page 610-614	BTN Annual Report FY 2023
D.3.19	Does the company disclose the key risks to which the company is materially exposed to (i.e. financial, operational including IT, environmental, social, economic)?	The company disclosed the risks to which the company is materially exposed such credit risks, operational risks, and strategic risks. As stated in the Annual Report, the Bank had a Risk Appetite Statement (RAS) which is a qualitative statement as well as a quantitative measure of the Bank's main risks. Disclosure of RAS was performed in writing and well documented by the Risk Management Work Unit. Determination of RAS limits is carried out by the Board of Commissioners and Directors. In determining RAS, economic, environmental and social sustainability has been taken into account which is then aligned to the preparation of the Company's Work Plan and Budget (RKAP), Risk Appetite, Risk Tolerance and Recovery Plan. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Risk Appetite Statement, Page 611	BTN Annual Report FY 2023
D.3.20	Does the Annual Report/Annual CG Report contain a statement from the board of directors/commissioners or Audit Committee commenting on the adequacy of the company's internal controls/risk management systems?	The company declared the statement from the Board of Directors and Board of Commissioners on the adequacy of the company's internal controls and risk management systems. The Board of Directors and the Board of Commissioners review the results of the evaluation of the effectiveness of the Company's Internal Control System which includes the five main components of control, namely the Environment Control including Management Oversight and Culture of Control, Risk Recognition and Assessment, Control Activities and Segregation of Duties of Accountancy, Information, and Communication, Monitoring Activities and Correction Deficiencies. Based on the results of the review that has been carried out, the Board of Directors and the Board of Commissioners consider that the internal control system has been implemented adequately. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Statement of The Board of Directors and/or The Board of Commissioners Regarding The Sufficiency of The Internal Control System, Page 610 Bank Tabungan Negara Annual Report FY 2023, Statements of the Board of Directors and/or the Board of Commissioners or Audit Committee to Risk Management System Adequacy, Page 626	BTN Annual Report FY 2023

D.4	People on the Board	Company Practices 2023-2024	Source
Board Chairman
D.4.1	Do different persons assume the roles of chairman and CEO?	The President Commissioner who is the chairman of the Board of Commissioners and the President Director who is the chairman of the Board of Directors are different persons. The company's President Commissioner is Chandra M. Hamzah; And The President Director (CEO) is held by Nixon L.P. Napitupulu The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Board of Directors Profile, Page 120 Bank Tabungan Negara Annual Report FY 2023, Board of Commissioners Profile, Page 134	BTN Annual Report FY 2023
D.4.2	Is the chairman an independent director/commissioner?	The President Commissioner as Chairman of the Board of Commissioners is the Company's Independent Commissioner. The President Director (CEO) as chairman of the Board of Directors meets the independence criteria as regulated in law. Both have met the following independence criteria: Having no financial relationship with the members of the Board of Commissioners and the Board of Directors Having no managerial relationship at the company, its subsidiaries, and its affiliates Having no share ownership relationship in the Company Having no familial relationship with the Board of Commissioners, Board of Directors, and/or fellow members of the Audit Committee Not serving as a member of a political party management or a government official The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Board of Directors Profile, Page 120 Bank Tabungan Negara Annual Report FY 2023, Directors Affiliation Relations, Page 131 Bank Tabungan Negara Annual Report FY 2023, Board of Commissioners Profile, Page 134 Bank Tabungan Negara Annual Report FY 2023, Affiliation of the Board of Commissioners, Page 143	BTN Annual Report FY 2023
D.4.3	Is any of the directors a former CEO of the company in the past 2 years?	The company does not have a director who was a former CEO of the company in the last 2 (two) years. Bank Tabungan Negara Annual Report FY 2023,Board of Directors Profile Page 120 - 129	BTN Annual Report FY 2023
D.4.4	Are the roles and responsibilities of the chairman disclosed?	The company disclose the roles and responsibilities of the chairman/President Commissioner as follows: Chair meetings as regulated in the company's articles of association; Facilitate constructive discussions; Creating a culture of work ethics including maintaining effective and healthy relationships with the Board of Directors; Provide advice to other members of the Board of Commissioners regarding the implementation of the duties and responsibilities of the Board of Commissioners. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Duties and Responsibilities of The President Commissioner, Page 466	BTN Annual Report FY 2023
Lead Independent Director
D.4.5	If the Chairman is not independent, has the Board appointed a Lead/Senior Independent Director and has his/her role been defined?	Chairman meets the independence criteria as regulated in law. The chairman have met the following independence criteria: Having no financial relationship with the members of the Board of Commissioners and the Board of Directors Having no managerial relationship at the company, its subsidiaries, and its affiliates Having no share ownership relationship in the Company Having no familial relationship with the Board of Commissioners, Board of Directors, and/or fellow members of the Audit Committee Not serving as a member of a political party management or a government official The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Independency of The Remuneration and Nomination Committee, Page 528	BTN Annual Report FY 2023
D.4.6	Does at least one non-executive director/commissioner have prior working experience in the major sector that the company is operating in?	Three out of eight BoC members have professional experience in the banking sector as the company's main business line. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Board of Commissioners Profile, Page 134-142	BTN Annual Report FY 2023

D.5	Board Performance	Company Practices 2023-2024	Source
Directors Development
D.5.1	Does the company have orientation programmes for new directors/commissioners?	The Company has always held an Orientation Program or Introduction for newly-appointed members of the Board of Directors and Board of Commisioners to be acquainted with one another and establish cooperation as a solid, comprehensive, effective team. The Orientation Program also aims to provide insight into the condition of the Company in general. In 2023, the orientation was held for the new BOD and BOC. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Orientation Program for New Members of the Board of Directors, Page 462 Bank Tabungan Negara Annual Report FY 2023,Orientation Program for New Members of the Board of Commissioners, Page 485	BTN Annual Report FY 2023
D.5.2	Does the company have a policy and actual practice and programs that encourages directors/commissioners to attend on-going or continuous professional education programmes?	The company has a policy that encourages directors/commissioners to attend training and/or competency development for Board of Directors. Policies related to training and/or competency development for the Board of Directors are regulated in the Good Corporate Governance Guidelines. The comprehensive program for the Board of Directors includes: The capacity-building programs are carried out to increase the effectiveness of the work of the Board of Directors. Each member of the Board of Directors participating in the programs such as seminars and/or training is required to have presentations to share their knowledge or to give any information. The material received from the programs must be properly documented in a separate section. The documentation becomes the responsibility of the Corporate Secretary. This material must be available if further needed. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Training and/or Improving the Competence of Board of Directors Members, Page 459-462 Bank Tabungan Negara Annual Report FY 2023, Training and/or Competency Development for Members of the Board of Commissioners, Page 483	BTN Annual Report FY 2023
CEO/Executive Management Appointments and Performance
D.5.3	Does the company disclose the process on how the board of directors/commissioners plans for the succession of the CEO/Managing Director/President and key management?	The company disclose the process on how the board of directors/commissioners plans for the succession of the CEO/Managing Director/President and key management. In preparing candidates or successors for the Company's Directors, various Company talent developments are carried out, especially BOD-1, BOD-2 and Women Talent and Millennial Talent to increase Readiness Level and prepare them to become Nominated Talent, including through programs. The sources of Selected Talent and Nominated Talent from SOE are BOD-1 from SOE or SOE Subsidiaries which contribute significantly and have strategic value or BOD-1 from SOE or SOE Subsidiaries which is applied the same as SOE in accordance with the Law. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Policy on the Succession Plan of The Board of Directors, Page 535-636	BTN Annual Report FY 2023
D.5.4	Does the board of directors/commissioners conduct an annual performance assessment of the CEO/Managing Director/President?	The performance assessment of the Company’s Directors, including the President Director, is carried out once a 1 (one) year and has been implemented in 2023. The procedure for determining and assessing the performance of the Board of Directors refers to the Regulation of the Minister of BUMN number PER-2/MBU/03/2023 concerning Guidelines for Governance and Significant Corporate Activities of State-Owned Enterprises and the Decree of the Minister of BUMN Number SK-306/MBU/11/2023 concerning Instructions Technical Preparation of Key Performance Indicators for BUMN. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023 - Performance Assessment of the Board of Directors, Page 486-488	BTN Annual Report FY 2023 Performance Assessment of the Board of Directors and The Board of Commissioners
Board Appraisal
D.5.5	Did the company conduct an annual performance assessment of the board of directors/commissioners and disclose the criteria and process followed for the assessment?	In 2023, The Company conducted annual collegial performance assessment of the BOD and BOC. "Performance Assessment of the Board of Directors The performance assessment of the Company's Directors, including the President Director, both collegial and individual, is carried out once in a year and has been implemented in 2023. Performance Assessment of The Board of Commissioners The performance assessment of the Board of Commissioners, both collegial and individual, is carried out once a year and has been implemented in 2023." The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, PPerformance Assessment of the Board of Directors and The Board of Commissioners, Page 486	BTN Annual Report FY 2023 Performance Assessment of the Board of Directors and The Board of Commissioners
Director Appraisal
D.5.6	Did the company conduct an annual performance assessment of the individual directors/commissioners and disclose the criteria and process followed for the assessment?	In 2023, The Company conducted annual collegial performance assessment of the BOD and BOC. "Performance Assessment of the Board of Directors The performance assessment of the Company's Directors, including the President Director, both collegial and individual, is carried out once in a year and has been implemented in 2023. Performance Assessment of The Board of Commissioners The performance assessment of the Board of Commissioners, both collegial and individual, is carried out once a year and has been implemented in 2023." The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Performance Assessment of the Board of Directors and The Board of Commissioners, Page Page 486	BTN Annual Report FY 2023 Performance Assessment of the Board of Directors and The Board of Commissioners
Committee Appraisal
D.5.7	Did the company conduct an annual performance assessment of the board committees and disclose the criteria and process followed for the assessment?	The company has conducted an annual performance assessment of the board committees during the current year and disclose the criteria and process followed for the assessment. The Board of Commissioners assessed that during 2023, the Committees have carried out their duties and responsibilities quite effectively. Procedure of Performance Assessment of the Board of Commissioners The Board of Commissioners assessed that during 2023, the Committees have carried out their duties and responsibilities quite effectively. The Board of Commissioners is assisted by 3 (three) committees, namely the Audit Committee, Remuneration and Nomination Committee, and Risk Monitoring Committee. The Board of Commissioners periodically assesses the effectiveness of the performance of the Committees under the Board of Commissioners. The company has disclosed the Criteria of Performance Assessment of the Board of Commissioners, the complete disclosure can be found in annual report 2023. The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Assessment of the Performance of Committees Under the Board of Commissioners and the Basis of its Assessment, Page 493	BTN Annual Report FY 2023

Part D - Responsibility of the Board