ASEAN Corporate Governance Score Card
| (B)A Rights and Equitable Treatment of shareholders | |||
| (B)A.1 Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting procedures, that govern general shareholders meeting. | |||
| (B).A.1.1 | |||
| Parameter | Does the company practice real time secure electronic voting in absentia at general meetings of shareholders? | ||
|---|---|---|---|
| Company Practices 2023-2024 | The company has implemented secure and real-time electronic voting in-absentia at the general meeting of shareholders which has been notified regarding its use through the Easy KSEI guide as stated in Shareholder' Participation During an Issuer's General Meeting of Shareholder part 4.7 Page 38 "Electronic Live Voting at The E-Meeting Hall Screen". | ||
| Source Document |
eASY KSEI Guidance: Shareholders’ Participation During an Issuer’s General Meeting of Shareholders. Registering and Logging-in as a Shareholder Vote Result Report - Shareholders Panduan-eASY-KSEI |
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| (B)A.2 Equitable treatment of shareholders | |||
| (B)A.2 Notice of AGM | |||
| (B).A.2.1 | |||
| Parameter | Does the company release its notice of AGM (with detailed agendas and explanatory circulars), as announced to the Exchange, at least 28 days before the date of the meeting? | ||
| Company Practices 2023-2024 |
The company has issued a summons for the GMS (included detailed agenda and explanatory of the circular letter), as invitation of the Exchange or via the company's website as follow |
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| Source Document | Invitation To The Annual General Meeting of Shareholders of BBTN FY 2023 | ||
| (B).B. Sustainability and Resilience | |||
| (B).B.1 | |||
| (B).B.1.1 | |||
| Parameter | Does the company disclose how it manages climate-related risks and opportunities? | ||
| Company Practices 2023-2024 |
The Company disclose how it manages climate-related risks and opportunities. The Company is committed to continuously supporting government initiatives to address climate change. The company has carried out mapping of risks and opportunities caused by climate change in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures. The company has also identified the financial impacts resulting from the risks and opportunities of climate change. The information is mentioned in: Bank Tabungan Negara Sustainability Report FY 2023, Climate Change Risks and Opportunities Page 73-74 |
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| Source Document | BTN Sustainability Report FY 2023 | ||
| (B).B.1.2 | |||
| Parameter | Does the company disclose that its Sustainability Report / Sustainability Reporting is externally assured? | ||
| Company Practices 2023-2024 |
The company discloses that its Sustainability Report is externally assured.
The Company has entrusted CBC Global Indonesia to carry out the quality assurance process in the 2023 Sustainability Report. CBC Global Indonesia is a quality assurance agency that has been certified to international quality assurance standards AA1000AS v3 standard with license number 000-310. We conclude that the data in 2023 for all material topics performance indicators are fairly represented and there is nothing has come to our attention that would cause us to believe that bank BTN has not given the reliable data. The information is mentioned in: Bank Tabungan Negara Sustainability Report FY 2023, External Assurance Page 35 |
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| Source Document | BTN Sustainability Report FY 2023 | ||
| (B).B.1.3 | |||
| Parameter | Does the company disclose the engagement channel with stakeholder groups and how the company responds to stakeholders’ ESG concerns? | ||
| Company Practices 2023-2024 |
The Company has diclosed enganged eksternal stakeholders to exchange views and gather feedback on sustainability matters that are material to the business of the company. The complete disclosure can be found in Sustainability Report 2023 page 33-34 and company's website. The information is mentioned in: PT Bank Tabungan Negara (Persero) Tbk Sustainability Report FY 2023, Stakeholder Engangement Topic, Page 31-34 - The Company provides a feedback sheet to build two way communication with stakeholders. The information is mentioned in: Bank Tabungan Negara Sustainability Report FY 2023, Feedback Topic, Paragraph 2, Page 35 and Feedback Sheet Topic, Page 205 |
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| Source Document | BTN Sustainability Report FY 2023 Website BTN - ESG-Commitment - Management Sustainability Commitment - Stakeholder Engagement |
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| (B).B.1.4 | |||
| Parameter | Does the company have a unit / division / committee who is specifically responsible to manage the sustainability matters? | ||
| Company Practices 2023-2024 |
The company does have a committee specifically responsible for managing sustainability matters. The bank has formed the ESG Committee overseen by the Board responsible for sustainability.
The ESG Committee established by the Company to achieve Sustainable Development Goals and climate targets, chaired by the CEO and composed of the Board of Directors and SEVP. The ESG Committee is responsible for formulating policies, strategies, and targets for ESG and TJSL programs impacting the environment, social aspects, and governance. Additionally, the ESG committee oversees ESG risks and opportunities, as well as decision-making related to the implementation of the Company's ESG and TJSL programs through annual meetings. The information is mentioned in: |
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| Source Document | BTN Sustainability Report FY 2023 | ||
| (B).B.1.5 | |||
| Parameter | Does the company disclose board of directors/commissioners' oversight of sustainability-related risks and opportunities? | ||
| Company Practices 2023-2024 |
The company discloses board of directors/commissioners' oversight of sustainability-related risks and opportunities.
The company integrated the ESG roadmap into the company’s structure by establishing an ESG Committee. This committee has the authority to formulate, determine and evaluate the company’s policies that have an impact on the environment, social and society as part of the embodiment of the ESG roadmap. The ESG Committee also plays a pivotal role in identifying opportunities and managing risks related to ESG aspects. Through this ESG Committee structure, the company can integrate social and environmental responsibility more effectively into its strategic decisions. Thus, the establishment of the ESG Committee becomes a strategic step in supporting the company's vision and commitment to sustainable development. The information is mentioned in: Bank Tabungan Negara Sustainability Report FY 2023, Risk Management, Page 163 |
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| Source Document | BTN Sustainability Report FY 2023 | ||
| (B).B.1.6 | |||
| Parameter | Does the company disclose the linkage between executive directors and senior management remuneration and sustainability performance for the previous year? | ||
| Company Practices 2023-2024 |
The company disclose statement of the linkage between executive directors and senior management remuneration and sustainability performance for the previous year.
Policy on Remuneration for the Board of Commissioners and Board of Directors, state: The determination of remuneration for the Board of Commissioners and Directors is also based on their goals and performance in managing the impact of the Company on the economy, environment, and society. The information is mentioned in: Bank Tabungan Negara Sustainability Report FY 2023, Policy on Remuneration for the Board of Commissioners and Directors Page 159 |
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| Source Document | BTN Sustainability Report FY 2023 | ||
| (B).B.1.7 | |||
| Parameter | Is the company’s Whistle Blowing System managed by independent parties / institutions? | ||
| Company Practices 2023-2024 |
The company’s Whistle Blowing System is managed by independent parties / institutions.
The implementation of Bank BTN’s Whistleblowing System has utilized the services of a third party, Deloitte Consultant, called WBS BTN SIIPS, and Bank BTN has collaborated with the Corruption Eradication Commission (KPK) regarding the Integrated Whistleblowing System (WBS) for Corruption Crime (TPK). The information is mentioned in: Bank Tabungan Negara Annual Report FY 2023, Whistleblowing System, Page 67 Bank Tabungan Negara Annual Report FY 2023, Whistleblowing System, Page 653 |
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| Source Document |
BTN Annual Report FY 2023 Webiste Bank : Whistleblowing System Policy |
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| (B).C Disclosure and transparency | |||
| (B).C.1 Quality of Annual Report | |||
| (B).C.1.1 | |||
| Parameter | Are the audited annual financial report /statement released within 60 days from the financial year end? | ||
| Company Practices 2023-2024 |
The audited annual financial report /statement released within 60 days from the financial year end. The audited annual financial report 2023 was released in 12 February 2024 (43 days) and published on 13 February 2023 (44 days) via IDX.co.id |
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| Source Document | Website IDX | ||
| (B).D | |||
| (B).D.1 | |||
| (B).D.1.1 | |||
| Parameter | Does the company have at least one female independent director/commissioner? | ||
| Company Practices 2023-2024 |
The company has one female independent commissioners. Namely "Adi Sulistyowati". The profile of BOC and BOD members are disclosed in the company's website (BOC Profile & BOD Profile). |
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| Source Document | |||
| (B).D.1.2 | |||
| Parameter | Does the company have a policy and disclose measurable objectives for implementing its board diversity and report on progress in achieving its objectives? | ||
| Company Practices 2023-2024 |
The company have a policy and disclose measurable objectives for implementing its board diversity and report on progress in achieving its objectives.
The diversity policy for the composition of the Company’s Board of Commissioners and Directors is regulated in the Articles of Association and Board Manual which stipulate that the Board of Commissioners and Directors are a combination of professionals who have the knowledge and experience required by the Company to enable an effective decision-making process, efficient and immediate. The diversity of the composition of the Company’s Directors based on age, gender, education, work experience and expertise. The information is mentioned in the Company Website. |
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| Source Document | Diversity Policy for the Board of Directors and Board of Commissioners | ||
| (B).D.2 | |||
| (B).D.2.1 | |||
| Parameter | Is the Nominating Committee comprise entirely of independent directors/commissioners? | ||
| Company Practices 2023-2024 |
The Nominating Committee comprise the independent commissioners.
The information is mentioned in:
|
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| Source Document | BTN Annual Report FY 2023 | ||
| (B).D.2.2 | |||
| Parameter | Does the Nominating Committee undertake the process of identifying the quality of directors aligned with the company's strategic directions? | ||
| Company Practices 2023-2024 |
The Nominating Committee undertakes the process of identifying the quality of directors aligned with the company's strategic directions
The duties of the Nominating and Remuneration Committee regarding Nomination is: a. The Committee provides recommendation to the Board of Commissioners regarding the following matters: − Nomination of Director candidates referring to the Company’s strategy; The information is mentioned in : Bank Tabungan Negara Annual Report FY 2023,Duties and Responsibilities of Remuneration and Nomination Committee Page 523. |
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| Source Document | BTN Annual Report FY 2023 | ||
| (B).D.3 Board Appointments and Re-ElectioN | |||
| (B).D.3.1 | |||
| Parameter | Does the company use professional search firms or other external sources of candidates (such as director databases set up by director or shareholder bodies) when searching for candidates to the board of directors/commissioners? | ||
| Company Practices 2023-2024 |
The Company use professional search firms or other external sources of candidates namely PT Daya Dimensi Indonesia (DDI) as stated in Annual Report BTN 2023 Page 536. The Company has a policy that allows professional search firm to assist in searching candidate to the board as stated in Special Policy No. KK-3.A (Human Capital Cycle). The information is mentioned in : Bank Tabungan Negara Annual Report FY 2023, Policy on the Succession Plan of The Board of Directors, Page 535-536. |
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| Source Document | BTN Annual Report FY 2023 | ||
| (B).D.4 Board Structure & Composition |
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| (B).D.4.1 | |||
| Parameter | Do independent non-executive directors/commissioners make up more than 50% of the board of directors/commissioners for a company with independent chairman? |
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| Company Practices 2023-2024 |
The independent commissioners make up more than 50% of the board of commissioners and the chairman is an independent commissioner. 1) January 1st, 2023 - January 11th, 2023 Period: 5 out of 8 or 62,50% are Independent Commissioner 2) January 11th, 2023 - August 12th, 2023 Period: 5 out of 9 or 55,56% are Independent Commissioner 3) 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 : Bank Tabungan Negara Annual Report FY 2023, Changes in The Composition of The Board of Commissioners, Page 68-69. |
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| Source Document | BTN Annual Report FY 2023 | ||
| (B).D.5 Risk Oversight |
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| (B).D.5.1 | |||
| Parameter | Does the company disclose that its Board identified key risk in relation to information technology including disruption, cyber security, and disaster recovery, to ensure that such risks are managed and integrated into the overall risk management framework? | ||
| Company Practices 2023-2024 |
The company discloses that its Board identified key risk in relation to information technology including disruption, cyber security, and disaster recovery, to ensure that such risks are managed and integrated into the overall risk management framework. The Board of Directors directly leads the formulation of the Company’s strategy through various meetings between the Board of Directors and key management. In facing various challenges and seizing opportunities, the Company strives to increase its contribution to the housing sector and supports the transformation roadmap of the Ministry of SOEs In the field of IT infrastructure, to support corporate plans, business aspirations and Bank BTN’s vision To be the Best Mortgage Bank in Southeast Asia by 2025”, Bank BTN has prepared six themes in the IT strategic plan for 2021-2025. In 2023, Bank BTN carried the main theme, namely Expand the Transformation, which will continue the implementation of upgrade/replace and/or enhancement of identified critical systems. On this theme, Bank BTN continues to develop agile based systems (such as digital channels). The Board of Commissioners and Directors play an active role in the risk management process in order to mitigate the company's risks through the Quality of Risk Management Implementation which includes risk governance, risk management framework, risk management process, adequacy of human resources, and the adequacy of the risk management information system, as well as the adequacy of the control system risk. The information is mentioned in :
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| Source Document | BTN Annual Report FY 2023 | ||
| (B).D.6 Board Performance | |||
| (B).D.6.1 | |||
| Parameter | Does the company have a separate board level Risk Committee? | ||
| Company Practices 2023-2024 |
The company has a separate board level Risk Committee. The Risk Monitoring Committee is a Supporting Organ formed by and responsible to the Board of Commissioners whose task is to assist the Board of Commissioners in evaluating the suitability of the Risk Management Policy with the implementation of that policy and monitoring as well as evaluating the implementation of the duties of the Risk Management Committee and the Risk Management Work Unit. The purpose of establishing the Committee is to assist and support the implementation of the duties and responsibilities of the Board of Commissioners in ensuring the implementation of supervision and providing advice to the Board of Directors as well as compliance with statutory regulations and the Company's internal regulations related to. The information is mentioned in : Bank Tabungan Negara Annual Report 2023, Risk Monitoring Committee, Page 536
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| Source Document | |||
| Part | Parameter | Company Practice in 2023 - 2024 | Source Document | |
|---|---|---|---|---|
| (B)A Rights and Equitable Treatment of shareholders | ||||
| (B)A.1 | Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting procedures, that govern general shareholders meeting. | |||
| (B)A.1.1 | Does the company practice real time secure electronic voting in absentia at general meetings of shareholders? | The company has implemented secure and real-time electronic voting in-absentia at the general meeting of shareholders which has been notified regarding its use through the Easy KSEI guide as stated in Shareholder' Participation During an Issuer's General Meeting of Shareholder part 4.7 Page 38 "Electronic Live Voting at The E-Meeting Hall Screen". | eASY KSEI Guidance: | |
| (B)A.2 Equitable treatment of shareholders | ||||
| (B)A.2 | Notice of AGM | |||
| (B)A.2.1 | Does the company release its notice of AGM (with detailed agendas and explanatory circulars), as announced to the Exchange, at least 28 days before the date of the meeting? |
The company has issued a summons for the GMS (included detailed agenda and explanatory of the circular letter), as invitation of the Exchange or via the company's website as follow
AGMS date: March 6, 2024 Invitation date: February 13, 2024 The information is mentioned in: https://www.btn.co.id/About/Investor-Relation/RUPS/RUPS |
Invitation To The Annual General Meeting of Shareholders of BBTN FY 2023 | |
| (B).B. Sustainability and Resilience | ||||
| (B).B.1 | ||||
| (B).B.1.1 | Does the company disclose how it manages climate-related risks and opportunities? |
The Company disclose how it manages climate-related risks and opportunities. The Company is committed to continuously supporting government initiatives to address climate change.
The company has carried out mapping of risks and opportunities caused by climate change in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures. The company has also identified the financial impacts resulting from the risks and opportunities of climate change. The information is mentioned in: Bank Tabungan Negara Sustainability Report FY 2023, Climate Change Risks and Opportunities Page 73-74 |
BTN Sustainability Report FY 2023 | |
| (B).B.1.2 | Does the company disclose that its Sustainability Report / Sustainability Reporting is externally assured? |
The company discloses that its Sustainability Report is externally assured.
The Company has entrusted CBC Global Indonesia to carry out the quality assurance process in the 2023 Sustainability Report. CBC Global Indonesia is a quality assurance agency that has been certified to international quality assurance standards AA1000AS v3 standard with license number 000-310. We conclude that the data in 2023 for all material topics performance indicators are fairly represented and there is nothing has come to our attention that would cause us to believe that bank BTN has not given the reliable data. The information is mentioned in: Bank Tabungan Negara Sustainability Report FY 2023, External Assurance Page 35 |
BTN Sustainability Report FY 2023 | |
| (B).B.1.3 | Does the company disclose the engagement channel with stakeholder groups and how the company responds to stakeholders’ ESG concerns? |
The Company has diclosed enganged eksternal stakeholders to exchange views and gather feedback on sustainability matters that are material to the business of the company. The complete disclosure can be found in Sustainability Report 2023 page 33-34 and company's website.
The information is mentioned in: PT Bank Tabungan Negara (Persero) Tbk Sustainability Report FY 2023, Stakeholder Engangement Topic, Page 31-34 - The Company provides a feedback sheet to build two way communication with stakeholders. The information is mentioned in: Bank Tabungan Negara Sustainability Report FY 2023, Feedback Topic, Paragraph 2, Page 35 and Feedback Sheet Topic, Page 205 |
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| (B).B.1.4 | Does the company have a unit / division / committee who is specifically responsible to manage the sustainability matters? |
The company does have a committee specifically responsible for managing sustainability matters. The bank has formed the ESG Committee overseen by the Board responsible for sustainability.
The ESG Committee established by the Company to achieve Sustainable Development Goals and climate targets, chaired by the CEO and composed of the Board of Directors and SEVP. The ESG Committee is responsible for formulating policies, strategies, and targets for ESG and TJSL programs impacting the environment, social aspects, and governance. Additionally, the ESG committee oversees ESG risks and opportunities, as well as decision-making related to the implementation of the Company's ESG and TJSL programs through annual meetings. The information is mentioned in: |
BTN Sustainability Report FY 2023 | |
| (B).B.1.5 | Does the company disclose board of directors/commissioners' oversight of sustainability-related risks and opportunities? |
The company discloses board of directors/commissioners' oversight of sustainability-related risks and opportunities.
The company integrated the ESG roadmap into the company’s structure by establishing an ESG Committee. This committee has the authority to formulate, determine and evaluate the company’s policies that have an impact on the environment, social and society as part of the embodiment of the ESG roadmap. The ESG Committee also plays a pivotal role in identifying opportunities and managing risks related to ESG aspects. Through this ESG Committee structure, the company can integrate social and environmental responsibility more effectively into its strategic decisions. Thus, the establishment of the ESG Committee becomes a strategic step in supporting the company's vision and commitment to sustainable development. The information is mentioned in: Bank Tabungan Negara Sustainability Report FY 2023, Risk Management, Page 163 |
BTN Sustainability Report FY 2023 | |
| (B).B.1.6 | Does the company disclose the linkage between executive directors and senior management remuneration and sustainability performance for the previous year? |
The company disclose statement of the linkage between executive directors and senior management remuneration and sustainability performance for the previous year.
Policy on Remuneration for the Board of Commissioners and Board of Directors, state: The determination of remuneration for the Board of Commissioners and Directors is also based on their goals and performance in managing the impact of the Company on the economy, environment, and society. The information is mentioned in: Bank Tabungan Negara Sustainability Report FY 2023, Policy on Remuneration for the Board of Commissioners and Directors Page 159 |
BTN Sustainability Report FY 2023 | |
| (B).B.1.7 | Is the company’s Whistle Blowing System managed by independent parties / institutions? |
The company’s Whistle Blowing System is managed by independent parties / institutions.
The implementation of Bank BTN’s Whistleblowing System has utilized the services of a third party, Deloitte Consultant, called WBS BTN SIIPS, and Bank BTN has collaborated with the Corruption Eradication Commission (KPK) regarding the Integrated Whistleblowing System (WBS) for Corruption Crime (TPK). The information is mentioned in: |
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| (B).C Disclosure and transparency | ||||
| (B).C.1 Quality of Annual Report | ||||
| (B).C.1.1 | Are the audited annual financial report /statement released within 60 days from the financial year end? |
The audited annual financial report /statement released within 60 days from the financial year end.
The audited annual financial report 2023 was released in 12 February 2024 (43 days) and published on 13 February 2023 (44 days) via IDX.co.id |
Website IDX | |
| (B).D. | ||||
| (B).D.1 | ||||
| (B).D.1.1 | Does the company have at least one female independent director/commissioner? |
The company has one female independent commissioners. Namely "Adi Sulistyowati".
The profile of BOC and BOD members are disclosed in the company's website (BOC Profile & BOD Profile). |
||
| (B).D.1.2 | Does the company have a policy and disclose measurable objectives for implementing its board diversity and report on progress in achieving its objectives? |
The company have a policy and disclose measurable objectives for implementing its board diversity and report on progress in achieving its objectives.
The diversity policy for the composition of the Company’s Board of Commissioners and Directors is regulated in the Articles of Association and Board Manual which stipulate that the Board of Commissioners and Directors are a combination of professionals who have the knowledge and experience required by the Company to enable an effective decision-making process, efficient and immediate. The diversity of the composition of the Company’s Directors based on age, gender, education, work experience and expertise. The information is mentioned in the Company Website. |
Diversity Policy for the Board of Directors and Board of Commissioners | |
| (B).D.1 | ||||
| (B).D.2 | ||||
| (B).D.2.1 | Is the Nominating Committee comprise entirely of independent directors/commissioners? |
The Nominating Committee comprise the independent commissioners.
The information is mentioned in:
|
BTN Annual Report FY 2023 | |
| (B).D.2.2 | Does the Nominating Committee undertake the process of identifying the quality of directors aligned with the company's strategic directions? |
The Nominating Committee undertakes the process of identifying the quality of directors aligned with the company's strategic directions
The duties of the Nominating and Remuneration Committee regarding Nomination is: a. The Committee provides recommendation to the Board of Commissioners regarding the following matters: − Nomination of Director candidates referring to the Company’s strategy; The information is mentioned in : Bank Tabungan Negara Annual Report FY 2023,Duties and Responsibilities of Remuneration and Nomination Committee Page 523. |
BTN Annual Report FY 2023 | |
| (B).D.3 | Board Appointments and Re-ElectioN | |||
| (B).D.3.1 | Does the company use professional search firms or other external sources of candidates (such as director databases set up by director or shareholder bodies) when searching for candidates to the board of directors/commissioners? |
The Company use professional search firms or other external sources of candidates namely PT Daya Dimensi Indonesia (DDI) as stated in Annual Report BTN 2023 Page 536.
The Company has a policy that allows professional search firm to assist in searching candidate to the board as stated in Special Policy No. KK-3.A (Human Capital Cycle). The information is mentioned in : Bank Tabungan Negara Annual Report FY 2023, Policy on the Succession Plan of The Board of Directors, Page 535-536. |
BTN Annual Report FY 2023 | |
| (B).D.4 | Board Structure & Composition | |||
| (B).D.4.1 | Do independent non-executive directors/commissioners make up more than 50% of the board of directors/commissioners for a company with independent chairman? |
The independent commissioners make up more than 50% of the board of commissioners and the chairman is an independent commissioner.
1) January 1st, 2023 - January 11th, 2023 Period: 5 out of 8 or 62,50% are Independent Commissioner 2) January 11th, 2023 - August 12th, 2023 Period: 5 out of 9 or 55,56% are Independent Commissioner 3) 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 : Bank Tabungan Negara Annual Report FY 2023, Changes in The Composition of The Board of Commissioners, Page 68-69. |
BTN Annual Report FY 2023 | |
| (B).D.5 | Risk Oversight | |||
| (B).D.5.1 | Does the company disclose that its Board identified key risk in relation to information technology including disruption, cyber security, and disaster recovery, to ensure that such risks are managed and integrated into the overall risk management framework? |
The company discloses that its Board identified key risk in relation to information technology including disruption, cyber security, and disaster recovery, to ensure that such risks are managed and integrated into the overall risk management framework.
The Board of Directors directly leads the formulation of the Company’s strategy through various meetings between the Board of Directors and key management. In facing various challenges and seizing opportunities, the Company strives to increase its contribution to the housing sector and supports the transformation roadmap of the Ministry of SOEs In the field of IT infrastructure, to support corporate plans, business aspirations and Bank BTN’s vision To be the Best Mortgage Bank in Southeast Asia by 2025”, Bank BTN has prepared six themes in the IT strategic plan for 2021-2025. In 2023, Bank BTN carried the main theme, namely Expand the Transformation, which will continue the implementation of upgrade/replace and/or enhancement of identified critical systems. On this theme, Bank BTN continues to develop agile based systems (such as digital channels). The Board of Commissioners and Directors play an active role in the risk management process in order to mitigate the company's risks through the Quality of Risk Management Implementation which includes risk governance, risk management framework, risk management process, adequacy of human resources, and the adequacy of the risk management information system, as well as the adequacy of the control system risk. The information is mentioned in :
|
BTN Annual Report FY 2023 | |
| (B).D.6 | Board Performance | |||
| (B).D.6.1 | Does the company have a separate board level Risk Committee? |
The company has a separate board level Risk Committee.
The Risk Monitoring Committee is a Supporting Organ formed by and responsible to the Board of Commissioners whose task is to assist the Board of Commissioners in evaluating the suitability of the Risk Management Policy with the implementation of that policy and monitoring as well as evaluating the implementation of the duties of the Risk Management Committee and the Risk Management Work Unit. The purpose of establishing the Committee is to assist and support the implementation of the duties and responsibilities of the Board of Commissioners in ensuring the implementation of supervision and providing advice to the Board of Directors as well as compliance with statutory regulations and the Company's internal regulations related to. The information is mentioned in : Bank Tabungan Negara Annual Report 2023, Risk Monitoring Committee, Page 536 |
BTN Annual Report FY 2023 | |