PT. Bank Rakyat Indonesia (Persero) Tbk. - Investor Relations: Board of Management Committees

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Asset and Liability Committee (ALCO)

ALCO is a Committee at the Head Office which is responsible for formulating and determining asset and liability policies as well as setting Fund Transfer Price (FTP) rates.

Asset and Liability Committee (ALCO) Charter

In carrying out its duties ALCO refers to the Decree of the Board of Directors NOKEP: 1564-DIR/PPM/07/2023 concerning the Asset and Liability Committee (ALCO) of PT. Bank Rakyat Indonesia (Persero) Tbk. which regulates the Organization, Duties, Authority and Responsibilities, Work Procedures and Limited ALCO Meetings.

Duties and Responsibilities of Asset and Liability Committee (ALCO)

The Asset and Liability Committee (ALCO) has the following duties and responsibilities:

Determine optimal asset and liability management strategies and policies by taking into account potential risk, optimum yield generation and cost efficiency.
Determine the interest rates on deposit, lending rate (SBDK), fund transfer prices (FTP) and other pricing that have a direct impact on achieving net interest income (NII). ALCO can give authority to the appointed party to determine the matters in accordance with ALCO’s decision.
Determine the Decision Makers authority in deciding of special interest rates for deposits, loans and/or other bank products.
Determine the Net Open Position (NOP) policy.
Monitor that the management of assets and liabilities in the company is carried out in accordance with the ALCO meeting’s the decisions.

Structure of Asset and Liability Committee (ALCO) Membership

Membership Structures	Position	Voting Rights
President Director	Chairman	√
Vice Director	Substitute Chairman I (Concurrently permanent member with voting rights)	√
Director of Finance	Substitute Chairman II (Concurrently permanent member with voting rights)	√
Desk Head, Assets & Liabilities Management	Secretary (Concurrently permanent member with voting rights)	√
Director of Wholesale & Institutional Business	Permanent Members With Voting Rights	√
Director of Small & Medium Business	Permanent Members With Voting Rights	√
Director of Consumer Business	Permanent Members With Voting Rights	√
Micro Business Director	Permanent Members With Voting Rights	√
Director of Network & Services	Permanent Members With Voting Rights	√
Director of Digital & Information Technology	Permanent Members With Voting Rights	√
Director of Risk Management	Permanent Members With Voting Rights	√
Director of Human Capital	Permanent Members With Voting Rights	√
SEVP Treasury & Global Services Business	Permanent Members With Voting Rights	√
SEVP Commercial Business	Permanent Members With Voting Rights	√
SEVP Ultra Micro Business	Permanent Members With Voting Rights	√
SEVP Operations	Permanent Members With Voting Rights	√
SEVP Human Capital Strategy	Permanent Members With Voting Rights	√
SEVP Change Management & Transformation Office	Permanent Members With Voting Rights	√
SEVP Fixed Asset Management & Procurement	Permanent Members With Voting Rights	√
Division Head, Agribusiness	Permanent Members With Voting Rights	√
Division Head, Manufacturing & Property	Permanent Members With Voting Rights	√
Division Head, Institutional Business	Permanent Members With Voting Rights	√
Division Head, Energy & Mining	Permanent Members With Voting Rights	√
Division Head, Infrastructure, Transportation, Oil & Gas	Permanent Members With Voting Rights	√
Division Head, Syndication & NonBank FI	Permanent Members With Voting Rights	√
Division Head, Transaction Banking	Permanent Members With Voting Rights	√
Division Head, Treasury Business	Permanent Members With Voting Rights	√
Division Head, Investment Services	Permanent Members With Voting Rights	√
Division Head, International Business & Performance Management	Permanent Members With Voting Rights	√
Division Head, Value Chain & Assets Product Development	Permanent Members With Voting Rights	√
Division Head, Small & Medium Sales Management 1	Permanent Members With Voting Rights	√
Division Head, Small & Medium Sales Management 2	Permanent Members With Voting Rights	√
Division Head, Card, Digital Lending, & Assets Product Development	Permanent Members With Voting Rights	√
Division Head, Consumer Sales Management 1	Permanent Members With Voting Rights	√
Division Head, Consumer Sales Management 2	Permanent Members With Voting Rights	√
Division Head, Wealth Management	Permanent Members With Voting Rights	√
Division Head, Micro Business Development	Permanent Members With Voting Rights	√
Division Head, Micro Sales Management	Permanent Members With Voting Rights	√
Division Head, Ultra Micro Business	Permanent Members With Voting Rights	√
Division Head, BRILink Business	Permanent Members With Voting Rights	√
Division Head, Social Entrepreneurship & Incubation	Permanent Members With Voting Rights	√
Division Head, Funding & Retail Payment Strategy	Permanent Members With Voting Rights	√
Division Head, Funding & Retail Payment Sales Management 1	Permanent Members With Voting Rights	√
Division Head, Funding & Retail Payment Sales	Permanent Members With Voting Rights	√
Management 2
Division Head, Market, Portfolio & Enterprise Risk	Permanent Members With Voting Rights	√
Division Head, Credit & Product Risk Policy	Permanent Members With Voting Rights	√
Division Head, Wholesale Credit Risk Analyst	Permanent Members With Voting Rights	√
Division Head, Credit Restructuring & Recovery	Permanent Members With Voting Rights	√
Division Head, Planning, Budgeting	Permanent Members With Voting Rights	√
Division Head, Financial & Management Accounting	Permanent Members With Voting Rights	√
Division Head, Subsidiary Management	Permanent Members With Voting Rights	√
Division Head, Investor Relation	Permanent Members With Voting Rights	√
Division Head, Change Management	Permanent Members With Voting Rights	√
Division Head, Project Management Office	Permanent Members With Voting Rights	√
Division Head, Credit Operation	Permanent Members With Voting Rights	√
Director of Compliance SEVP Internal Audit	Permanent Members Without Voting Rights	-
Assets & Liabilities Management Desk	ALCO Supporting	-

Asset And Liability Committee (ALCO) Independence Statement

All members of ALCO had no affiliation with other Directors, Commissioners or Controlling Shareholders, they were not shareholders of the Company which may affect their ability to act independently, Commissioners, Directors or employees of companies that have affiliations or do business with BRI.

Meeting and Implementation of Asset and Liability Committee (ALCO) In 2023

Meeting Policy

Limited ALCO Meetings

The Asset and Liability Committee (ALCO) can incidentally hold a Limited ALCO Meeting to discuss asset and liability management related to BRI strategy and policies in the event that there is a special issue that must immediately receive a decision from the ALCO Meeting
The ALCO Chair or Alternate ALCO Chair and ALCO Secretary have the authority to determine ALCO Members who are requested to attend the Limited ALCO Meeting in a separate invitation letter.
Limited ALCO Meetings must be attended by all ALCO Members who are requested to attend the Limited ALCO Meeting.

Realization of Meetings and Duties Asset and Liability Committee (ALCO) in 2023

During 2023, ALCO has carried out its duties by holding 13 (thirteen) meetings. The discussion of the ALCO meeting is as follows.

No	Date	Meeting agenda
1	Monday, January 9, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
2	Wednesday, February 8, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
3	Thursday, March 09, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
4	Monday, April 10, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
5	Wednesday, May 10, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
6	Monday, June 12, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
7	Monday, July 10, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
8	Wednesday, August 9, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
9	Monday, August 21 2023 (Limited ALCO)	Balance Sheet Condition & Liquidity Latest B/S conditions, updates and liquidity limits Balance Sheet Management Liquidity normalization strategy and evaluation of ALCO decisions and Board of Directors Meetings Acceleration of DHE program services DHE potential for mobilizing foreign exchange savings and controlling transactions
10	Thursday, September 7, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
11	Wednesday, October 11, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
12	Thursday, November 9, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices
13	Monday, December 11, 2023	Economic Update Updates related to global & domestic macroeconomics Balance Sheet Management Financial Performance, Liquidity & Market Risk, Profitability, and Recommendations Market Update Development of BRI share prices

Risk Management dan Environmental, Social & Governance (ESG) Committee

Risk Management and Environmental, Social & Governance (ESG) Committee Charter

In carrying out its duties the Risk Management and Environmental, Social & Governance (ESG) Committee referred to the Decree of the Directors NOKEP: 872-DIR/PPM/06/2022 concerning Risk Management and Environmental, Social & Governance (ESG) Committee which regulated Organizations, Envoys and Attendance, Duties, Authorities and Responsibilities and Working Procedures.

Independence Statement of Risk Management and Environmental, Social & Governance (ESG) committee

All members have no affiliation with Other Directors, Commissioners or Controlling Shareholders, are not shareholders of the Company which may affect their ability to act independently, Commissioners, Directors or employees of companies that have affiliation or business with BRI.

Risk Management Committee

The committee responsible for the preparation of the Risk Management Policy and its amendments including the implementation of risk management policies and strategies.

Duties and Responsibilities of the Risk Management Committee

The Risk Management and ESG Committee for Risk Management had the following duties and responsibilities:

Establish Risk Management Policies and their amendments including implementation of risk management policies, risk management strategies and contingency plans if abnormal external conditions occured.
Determine the risk measurement methodology and its changes.
Set limits and changes.
Determine the Risk Profile Value and Bank Soundness Level and follow up if necessary.

The Integrated Risk Management Committee (RMCT) has the following duties and responsibilities:

Establish Integrated Risk Management policies and their changes.
Determine corrective steps based on the evaluation results of the implementation of Integrated Risk Management in the form of:
1. Integrated risk profile report.
2. Report on individual risk profiles of Subsidiaries members of the BRI financial conglomerate.
3. Integrated capital analysis.

Risk Management Committee Membership Structure

The Risk Management Committee has the following composition of management and members:

Membership Structures	Position	Voting Rights
President Director	Chairman	√
Vice Director	Substitute Chairman (concurrently permanent member)	√
Director of Risk Management	Permanent Member	√
Director of Finance	Permanent Member	√
Direktur Human Capital	Permanent Member	√
Director of Compliance	Permanent Member	-
All Directors or SEVP of Related Fields	Non-Permanent Members	√
Division Head, Market, Portfolio & Enterprise Risk	Secretary	-
Head of Related Work Unit	Non-Permanent Member	-
Committee Support Team
Market, Portfolio & Enterprise Risk Division	Credit, Market, Liquidity and Strategic/Financial Risk Coordinator	-
Operational Risk Division	Risk Coordinator for Operational, Legal, Compliance and Reputation risks and as risk owner for operational risks	-
Credit & Product Risk Policy Division	Risk owner credit risk	-
Digital Risk	Risk owner digital risk	-
Treasury Division	Risk owner market risk	-
Asset & Liability Management Desk	Risk Owner Liquidity Risk	-
Compliance Division	Risk Owner Compliance Risk	-
Head Office Internal Audit Business Unit	Providing input on the evaluation of the adequacy and effectiveness of the risk management process	-
Legal Division	Risk Owner legal risk	-
Corporate Secretary Division	Risk Owner reputation risk	-
Service & Contact Center Division	Risk Owner reputation risk	-
Planning, Budgeting & Performance Management Division	Risk Owner strategic/financial risk	-

The Integrated Risk Management Committee (RMCT) has the following composition of management and members:

Membership Structures	Position	Voting Rights
President Director	Chairman	√
Vice Director	Alternate Chairman (concurrently as Permanent Member)	√
Director of Risk Management	Permanent Member	√
Director of Finance	Permanent Member	√
Director of Human Capital	Permanent Member	√
All Directors or SEVPs in Related Fields	Non-Permanent Member	√
Director of Compliance	Permanent Member	-
President Director of Bank Raya	Permanent Member	-
President Director of BRI Life	Permanent Member	-
President Director of BRI Finance	Permanent Member	-
President Director of BRI Ventura	Permanent Member	-
President Director of BRI Danareksa Securities	Permanent Member	-
President Director of BRI Insurance	Permanent Member	-
Main Director of Pegadaian	Permanent Member	-
Main Director of PMN	Permanent Member	-
Main Director of BRI Investment Management	Permanent Member	-
Director/SEVP in charge of the Risk Management Function in Subsidiary Companies, Members of the BRI Financial Conglomerate	Permanent Member	-
Division Head, Market, Portfolio & Enterprise Risk	Secretary	-
Head of Business Unit in Related Fields	Non-Permanent Members	-
Committee Support Team
Subsidiary Management Division	Manager in Monitoring Subsidiary Company risks	-
BRI Risk Management Business Unit	MPE, ORD, KRD and DRD as oversight functions	-
Internal Audit Business Unit	Independent assurance function	-

Meetings and Implementation of Risk Management Committee Tasks in 2023

Meeting Policy

Meetings and Implementation of Risk Management Committee Tasks in 2023

No	Date	Meeting agenda
1	January 16, 2023	RMC: Risk Profile QW 2022 Mandatory Report & Monitoring Discussion of Risk Issues
2	February 27, 2023	RMCT: Integrated RAS 2023 Integrated MR Mandatory Report Integrated Risk Profile, PA Risk Profile & PA Risk Issue Risk Maturity Index
3	March 24, 2023	RMC: Mandatory Report & Monitoring Discussion of Risk Issues
4	April 17, 2023	RMC: Q1 2023 Risk Profile Mandatory Report & Monitoring Discussion of Risk Issues
5	May 15, 2023	RMC: Mandatory Report & Monitoring Discussion of Risk Issues
6	June 15, 2023	RMC: Mandatory Report & Monitoring Discussion of Risk Issues
7	July 26, 2023	RMC: Q2 2023 Risk Profile Mandatory Report & Monitoring Discussion of Risk Issues
8	August 16, 2023	RMCT: Integrated RAS Monitoring Integrated MR Mandatory Report Integrated Risk Profile, PA Risk Profile & PA Risk Issue Risk Maturity Index
9	September 27, 2023	RMC: Mandatory Report & Monitoring Discussion of Risk Issues
10	October 17, 2023	RMC: Q3 2023 Risk Profile Mandatory Report & Monitoring Discussion of Risk Issues
11	November 22, 2023	RMC: Risk Appetite Statement 2024 Mandatory Report & Monitoring Discussion of Risk Issues

Environmental, Social & Governance (ESG) Committee

The Environmental, Social & Governance (ESG) Committee prepares, implements, monitors, and evaluates ESG strategies, policies, and programs/initiatives.

Duties and Responsibilities of the Environmental, Social & Governance (ESG) Committee

Conduct reviews and evaluations regarding implementing policies or governance parameters for ESG initiatives and TJSL initiatives prepared by the relevant Business Unit, which the Committee Support Team proposes.
Determine and recommend work programs (both existing and new) to be categorized as ESG initiatives and TJSL initiatives by existing parameters to the ESG Committee and circular approval.
Conduct reviews and evaluations related to the implementation of work programs that fall within the parameters of ESG initiatives and TJSL initiatives, as well as reporting data and information related to ESG.
Review ESG Rating reports, Investor concerns, or other Third Parties regarding the performance and implementation of BRI’s ESG and TJSL.
Recommend material issues obtained from the results of reviews of ESG Rating reports, Investor concerns, or other Third Parties regarding the performance and implementation of BRI’s ESG and TJSL.
Establish a follow-up plan for the results of the review and evaluation so that it can be proposed as a new work program, which the relevant Business Unit will follow up.
Provide the latest information to the Board of Directors and Board of Commissioners regarding all continually developing issues related to ESG and TJSL, including laws and regulations, global initiatives, business practices, and other important information related to ESG and TJSL.

Environmental, Social & Governance (ESG) Committee Membership Structure

Membership Structures	Position	Voting Rights
Main Director	Chairman	√
Deputy Main Director	Alternate Chairman (Concurrently Permanent Member)	√
Division Head, Environmental, Social & Governance or ESG Management Business Unit	Secretary (Concurrently Permanent Member)	-
Director of Risk Management	Permanent member	√
Finance Director	Permanent member	√
Director of Compliance	Permanent member	-
SEVP Change Management & Transformation Office	Permanent member	√
All Directors or SEVPs of Related Fields	Non-Permanent member	√

Meetings And Implementation Of Environmental, Social & Governance (ESG) Committee Tasks In 2023

Meeting Policy

The Committee Support Team prepares and analyzes studies according to their respective scopes. ESG Committee meetings are held periodically at least 1 (one) time every 6 (six) months.
ESG Sector Committee meetings can be held outside the regular schedule if there are significant and urgent issues, including:
1. There is a significant change in BRl’s ESG Rating, which changes in business conditions could cause macroeconomic factors, violations of ESG compliance and policy/governance, or other causal factors.
2. There have been changes to regulations related to ESG that require a quick and immediate response or attitude from the Company.
3. Some factors cause the Board of Directors to decide to hold an ESG Committee Meeting.
The committee Chair chairs ESG Committee meetings. In the event that the Committee Chair is unable to attend, the meeting will be chaired by an Alternate Chair.
ESG Committee meetings can be held if attended by at least 2/3 (two-thirds) of the Committee Members and attended by the Committee Chair.

Decisions at ESG Sector Committee meetings are taken by deliberation and consensus. In the event that no agreement is reached, the decision of the ESG Sector Committee meeting is deemed valid with the approval of 50% (fifty percent) of the total number of Committee Members who have voting rights plus 1 (one) Committee Member, including the Committee Chair.

Realization of Meetings and Implementation of Environmental, Social & Governance (ESG) Committee Duties in 2023

No	Date	Meeting agenda	Meetings
1	Monday, July 17, 2023	Overview of BRI Sustainability Implementation in 2023 Disclosure to BRI’s Website Publishing TCFD Report Sustainability Indicators

Financing Committee

The Financing Committee is an operational committee that assists the Board of Directors in evaluating and/or deciding on loan applications for specific amounts and/or types of loans determined by the Board of Directors.

Financing Committee Charter

In carrying out its duties, the Financing Committee refers to the NOKEP Board of Directors Decree: S.469-DIR/KRD/03/2022 along with its amendments regarding the Financing Committee which regulates the Organization, Duties and Responsibilities as well as the Working Procedures.

Duties and Responsibilities of The Financing Committee

Provide decisions on approving or rejecting loans by the authority limits determined by the Board of Directors, including choosing/changing the loan structure and terms.
Conduct duties in providing loan decisions based on professional skills honestly, objectively, carefully, and thoroughly.
Reject requests and/or influence from interested parties to provide loan approval that is only a formality or outside of sound loan principles.
Sign the Loan Decision form (or other media determined by the Board of Directors and function as a loan decision) as proof of the loan decision and as a manifestation of the Financing Committee’s responsibility.

The Financing Committee Membership Structure

According to the type of authority it has, the Financing Committee is divided into:
1. Non-Restructuring Financing Committee, namely the financing committee which has the authority to decide on new loan initiatives, extensions, supplements, changes to terms, and other loan decisions not within the context of restructuring; and
2. Restructuring Financing Committee, namely the financing committee, has the authority to decide on credit initiatives in the context of restructuring performing loans and non-performing loans, loan settlement, loan write-offs, and write-offs.
Each financing committee comprises members from Risk and Business functions.
The structure and members of the credit committee are in accordance with the applicable Credit Decision Authority SE.
Each loan committee is at the Head Office, Regional Office, Special Branch Office, and Overseas Business Unit.

The membership structure of the Fianancing Committee is described as follows.

Membership Structure	Position	Function	Voting Rights
President Director	Permanent member	Risk	√
Vice Director	Permanent member	Risk	√
Director of Risk Management	Permanent member	Risk	√
Director of Finance	Permanent member	Risk	√
Director of Digital and Information Technology	Permanent member	Risk	√
Director of Human Capital	Permanent member	Risk	√
SEVP Change Management & Transformation Office	Permanent member	Risk	√
SEVP Fixed Asset Management & Procurement	Permanent member	Risk	√
SEVP Operations	Permanent member	Risk	√
SEVP Human Capital Strategy	Permanent member	Risk	√
Director of Wholesale and Institutional Business	Permanent member	Business	√
Micro Business Director	Permanent member	Business	√
Director of Small and Medium Businesses	Permanent member	Business	√
Director of Consumer Business	Permanent member	Business	√
Director of Networks and Services	Permanent member	Business	√
SEVP Commercial Business	Permanent member	Business	√
SEVP Treasury & Global Services Business	Permanent member	Business	√
SEVP Ultra Micro Business	Permanent member	Business	√

The Financing Committee’s Statement of Independence

All members of the Financing Committee have no affiliation with other Directors, Commissioners, or Controlling Shareholders, nor are they company shareholders, which could affect their ability to act independently: commissioners, Directors, and employees from companies with affiliations or Business with BRI.

Meeting And The Duties’ Implementation of the Financing Committee in 2023

Meeting Policy

A Financing Committee meeting is declared valid if it is attended by at least members of the Financing Committee following the composition of the Financing Committee in PDWK provisions, both in terms of the number and composition of the ranks of the Risk function and Business function and mandatory members of the Financing Committee are also required to attend.
Financing Committee meetings can be held physically or by conference via electronic media as agreed by each participating Credit Committee member.
The Financing Committee Secretary is responsible for coordinating activities for implementing the Financing Committee Meeting, such as the time and place of implementation, including documenting or compiling Financing Committee Meeting Minutes and providing Financing Committee Meeting Minutes.

Realization of the Meetings and Implementation of the Financing’s Committee Duties in 2023

Month	Date	Financing Committee Meeting Implementation Date (Times)	Number of Decisions	Agenda	Quorum Attendance & Judgment
January	25, 31	2	10	Discussion and granting of corporate segment loan decisions	Quorum
February	7, 28	2	11	Discussion and granting of corporate segment loan decisions	Quorum
March	7, 14, 21	3	21	Discussion and granting of corporate segment loan decisions	Quorum
April	4, 11, 18	3	27	Discussion and granting of corporate segment loan decisions	Quorum
May	3, 9, 15, 23, 29	5	27	Discussion and granting of corporate segment loan decisions	Quorum
June	6, 13, 20, 27	4	26	Discussion and granting of corporate segment loan decisions	Quorum
July	11, 18, 25	3	16	Discussion and granting of corporate segment loan decisions	Quorum
August	8, 9, 22, 29	4	18	Discussion and granting of corporate segment loan decisions	Quorum
September	5, 12, 18, 19, 26	5	14	Discussion and granting of corporate segment loan decisions	Quorum
October	3, 4, 10, 17, 23, 30, 31	7	22	Discussion and granting of corporate segment loan decisions	Quorum
November	21, 28	2	18	Discussion and granting of corporate segment loan decisions	Quorum
December	5, 12, 19, 28	4	28	Discussion and granting of corporate segment loan decisions	Quorum
Total		44	238

Capital and Investment Committee

The Capital & Investment Committee is a committee that is responsible for corporate action activities and management of subsidiary companies.

Duties and Responsibilities of the Capital & Investment Committee

The duties and responsibilities of the Capital & Investment Committee, based on Article 4 of the Directors’ Decree Nokep: 871 -DIR/ PPM/06/2022 dated June 2, 2022 concerning the Capital & Investment Committee, are as follows:

Related to Corporate Actions:
1. Reviewing the Corporate Action proposed by the Committee Support Team.
2. Determine and recommend corporate steps for further approval from the President Director/Deputy President Director either through a Board of Directors Meeting or circular approval.
Regarding the Management of Subsidiary Companies
1. Determine the business plan, work plan, and company budget (RKAP) of the Subsidiary Company, including the Key Performance Indicators and dividend plan of the Subsidiary Company;
2. Conduct performance reviews and determine performance improvement steps with the Directors of Subsidiary Companies;
3. Evaluate and recommend Corporate Actions of BRI Subsidiary Companies (Initial Public Offering, limited public offering, acquisitions, mergers, additional capital, and divestment plans) for further approval from the President Director / Deputy President Director either through a Board of Directors Meeting or circular approval.
4. Determine the decision if there is a deadlock on the Subsidiary Company’s strategic synergy initiative with BRI.

Membership Structure of the Capital & Investment Committee

Membership Structure	Position	Voting Rights
Director of Finance	Chairman	√
Director of Risk Management	Substitute Chairman (Concurrently permanent member)	√
Division Head, Subsidiary Management	Secretary (Concurrently permanent member)	-
Director or SEVP of Ana Company Business Development	Permanent Member	√
The relevant Director or SEVP	Non-Permanent Members	√
Director of Compliance	Permanent Member	-

The Financing Committee’s Statement of Independence

All committee members have no affiliation with other Directors, Commissioners, or Controlling Shareholders, nor are they shareholders of the Company, which could affect their ability to act independently: commissioners, Directors, and employees from companies with affiliations or business with BRI.

Meeting and the Duties’ Implementation of the Capital & Investment Committee in 2023

Meeting Policy

The Committee Support Team prepares and analyzes studies according to their respective scopes.
The study is presented at the Committee meeting by Committee Members and/or Support Team Members and/or representatives of Subsidiary Companies according to their respective scopes.
The Committee holds a meeting at least 1 (one) time per Quarter to discuss proposals, studies, and analyses originating from the Committee Support Team.
A meeting is declared to have a quorum if it is attended by a minimum of 50% (fifty percent) of all Committee members and must be attended by the Committee Chair or Alternate Committee Chair. Meetings can only be held if a quorum is reached.
The Chair chairs committee meetings. If the Chair is unable to attend, the Committee Meeting will be chaired by the Substitute Committee Chair.
The Committee Chair chairs the Capital & Investment Committee Meeting and has voting rights.
The Committee Secretary is responsible for coordinating the organization of Capital & Investment Committee Meetings, including:
1. Prepare agendas, schedules, and meeting places.
2. Preparing Meeting Minutes.
3. Monitor the implementation of meeting decisions.
The Committee’s recommendations and/or decisions are determined by deliberation and consensus by the Chairman and all members of the Committee. In the event that no agreement is reached, the recommendations and/or decisions of the Committee Meeting are considered valid if they are approved by 50% (fifty percent) of the total number of Committee Members who have voting rights + 1 (one) Committee Member including the Committee Chair.
The presence of the President Director and/or Deputy President Director increases the number of Permanent Members with voting rights.

Realization of Meetings and Implementation of Duties of the Capital & Investment Committee in 2023

During 2023, the Capital & Investment Committee has carried out its duties by holding 11 (eleven) meetings with the following details.

No	Date	Meeting agenda
1	Thursday, 08 June 2023	Q1 2023 Performance Review & 2023 BRINS KPI Revision
2	Thursday, 08 June 2023	Q1 2023 Performance Review & 2023 BRILIFE KPI Revision
3	Tuesday, June 27 2023	Bank Raya New Business Model Portfolio Transfer Plan
4	Monday, July 24 2023	Discussion of Project Blossom (Development of Subsidiary Companies Operating in the Multifinance Sector).
5	Wednesday, August 2 2023	Performance Review Q2 2023 BRI Finance
6	Wednesday, August 2 2023	Performance Review Q2 2023 BRI Insurance
7	Wednesday, September 20 2023	Arrangement of PA PT Pegadaian
8	Monday, October 09 2023	BRI Group Integrated Governance Parenting Style
9	Friday, October 27 2023	2024 - 2026 Business Plan, 2024 RKAP, and 2024 BRI Finance KPI
10	Friday, October 27 2023	2024 - 2026 Business Plan, 2024 RKAP, and 2024 BVI KPI
11	Friday, October 27 2023	2024 - 2026 Business Plan, 2024 RKAP, and 2024 BRINS KPI

Credit Policy Committee

The Credit Policy Committee is a committee at the Head Office whose task is to assist the Board of Directors in formulating BRI credit policies and providing suggestions for improvements to credit policies.

Credit Policy Committee Charter

In carrying out its duties, the Credit Policy Committee refers to the Decree of the Board of Directors NOKEP: 655-DIR/PPM/10/2021 concerning the Credit Policy Committee (KPP) which regulates Organization, Delegates and Attendance, Duties, Authority and Responsibilities, and Work Procedures.

Duties and Responsibilities of the Credit Policy Committee

Provide input to the Board of Directors in the preparation of the Bank Credit Policy (KPB), especially the formulation of prudential principles in credit as regulated in the OJK Guidelines for Preparing Bank Credit Policies (PPKPB).
Supervise the implementation of the Bank Credit Policy (KPB) in a responsible and sustainable manner and formulate alternatives and implementation solutions if there are obstacles.
Conduct periodic reviews of the BRl Bank Credit Policy (KPB) at least once every 3 years.
Carry out an evaluation of:
1. Correct implementation of the authority to decide on credit or provide funds.
2. Correctness in carrying out the process of granting credit or providing funds, development and quality of credit given to Parties Related to the Bank and certain large Debtors.
3. Correct implementation of the provisions on the Legal Lending Limit (LLL).
4. Compliance with statutory provisions and other regulations in the implementation of credit provision.
5. Settlement of problem loans in accordance with those stipulated in the Bank Credit Policy (KPB).
6. Adequate allowance for losses due to credit impairment (CKPN) and write-off reserves.
7. Certain large debtors and credits on the Special Mention Credit list.
Conduct a study assessing the effectiveness of the credit internal control system.
Submit periodic reports at least once a year and provide input for improvements to the Board of Directors with a copy/copy to the Commissioners regarding:
1. Results of supervision of the implementation and implementation of the Bank Credit Policy (KPB).
2. Evaluation results in point 4.
Monitor and evaluate the development and quality of the overall credit or financing portfolio.

The Membership Stucture of the Credit Policy Committee

Membership Structures	Position	Voting Rights
President Director	Chairman	√
Vice Director	Substitute Chair (Concurrently Permanent Member)	√
Division Head, Credit & Product Risk Policy or Unit that Manages the Credit Policy Function	Secretary (Concurrently Permanent Member)	-
Director of Risk Management	Permanent Member	√
Director or SEVP according to the relevant field/ supervisor, according to the committee agenda	Non-Permanent Members	√
Director of Compliance	Permanent Member	-
SEVP Internal Audit Business Unit	Permanent Member	-
Division Head under the relevant Risk Management Director, adapts to the committee agenda	Non-Permanent Members	-
Other Division Heads/ Desk Heads, adapt to the committee agenda	Non-Permanent Members	-

Statement of Independence of the Credit Policy Committee

All members have no affiliation with other Directors, Commissioners, or Controlling Shareholders, nor are they shareholders of the Company, which could affect their ability to act independently; Commissioners, Directors, and employees from companies that have affiliations or business with BRI.

Meetings and Duties Implementation of the Credit Policy Committee In 2023

Meeting Policy

Changes or revisions to the KPB must be discussed first at the meeting. The KKP is obliged to hold a meeting to discuss the final Draft changes or modifications to the KPB before it is forwarded to obtain a decision from the Board of Directors.
The KKP meeting is held in the framework of a meeting to propose the preparation, changes, and revisions of the KPB, as well as related essential and urgent issues that require a quick and immediate response from the Company.
If there is an urgent problem to be discussed within the KKP, the relevant Business Unit can propose to the KKP Secretary to hold a KKP Meeting.
The Main Director chairs the KKP meeting as Chair of the KKP. In the event that the Chair of the KKP is absent, the meeting will be chaired by the Substitute Chair as regulated in Article 2 of this Decree.
Quorum KKP meetings are attended by 2/3 (two-thirds) of all committee members and must be accompanied by the Committee Chair or Substitute Committee Chair.
Any changes to the contents of the BRl KPB that are not material must be carried out circularly to all Directors and then submitted in writing to all KKP members.

Committee Meeting decisions are taken by deliberation and consensus. In the event that no agreement is reached, the decision of the Committee Meeting is considered valid if it is approved by 50% (fifty percent) of the total number of Committee Members present plus 1 (one) Committee Member.

Realization Of Meetings And Implementation Of Duties Of The Credit Policy Committee In 2023

During 2023, the Credit Policy Committee has carried out its duties by holding 2 (two) meetings with the following details.

No	Date	Meeting agenda	Meetings
1	April 6, 2023	Group Limit Exposure Presentation of Covid-19 Restructuring Policy post March 31, 2023
2	August 28, 2023	Addition of Risk & Business ranks in the Financial Conglomeration of Directors Addition to the List of Recipients of Decisions from the Delegation of Credit Authority (PDWK) of the Financial Conglomerate of Directors

Information Technology Steering Committee and Data Governance Committee

Information Technology Steering Committee

The Information Technology Steering Committee is a Committee at the Head Office that is responsible for providing direction and recommendations to the Board of Directors regarding information technology planning, governance, development, and operations.

Information Technology Steering Committee Charter

In carrying out its duties, the Information Technology Steering Committee refers to the Directors’ Decree NOKEP: 870-DIR/ PPM/06/2022 concerning the Information Technology Steering Committee and Data Governance Committee, which regulates the objectives, organization, duties, authority, and responsibilities, and work procedures.

Duties and Responsibilities of the Information Technology Steering Committee

The Information Technology Steering Committee has the following responsibilities:

The long-term Information Technology Strategic Plan aligns with the Corporate and Bank Business Plan outlined in BRI’s ITSP.
Formulation of Crucial Information Technology policies, standards, and procedures.
Compatibility between approved Information Technology projects and BRI ITSP.
Suitability of the current technology architecture (baseline) with BRI’s Information Technology architecture targets in supporting business capabilities.
Conformity between the implementation of the Information Technology project and the agreed project plan.
Compatibility between Information Technology and the needs of management information systems and the needs of the Bank’s business activities.
Effectiveness of steps in minimizing risks on Bank investments in the Information Technology sector so that Bank investments in the Information Technology sector contribute to achieving the Bank’s business objectives.
Monitor information technology performance and efforts to improve information technology performance.
Efforts to resolve various problems related to Information Technology that cannot be determined by the Information Technology User and Operator Business Unit effectively, efficiently, and on time.
Adequacy and allocation of resources owned by the Bank.

Membership Structure of the Information Technology Steering Committee

Membership Structures	Position	Voting Rights
Director of Digital & Information Technology	Chairman	√
Network & Services Director	Subtitute Chairman (Concurrently permanent member)	√
Department Head, IT Governance Management	Secretary (Concurrently a permanent member)	-
Director of Risk Management	Permanent member	√
SEVP, Fixed Asset Management & Procurement	Permanent member	√
Division Head, IT Strategy & Governance	Permanent member	√
Division Head, Enterprise Data Management	Permanent member	√
Division Head, Application Management & Operations	Permanent member	√
Division Head, Digital Banking Development & Operation	Permanent member	√
Division Head, IT Infrastructure & Operations	Permanent member	√
Division Head, Information Security	Permanent member	√
Division Head, Operational Risk	Permanent member	√
Division Head, Digital Risk	Permanent member	√
Division Head, Distribution Network	Permanent member	√
Division Head, Service & Contact Center	Permanent member	√
Director or SEVP of Related Fields; or Division Head of Related Fields	Non-Permanent member	√
Director of Compliance	Permanent member	-

Statement Of Independence Of The Information Technology Steering Committee

All committee members have no affiliation with other Directors, Commissioners, or Controlling Shareholders, and are not shareholders of the Company, which can influence their ability to act independently, Commissioners, Directors, or employees of companies that have affiliations or do business with BRI.

Meetings and Implementation of Duties of The Information Technology Steering Committee in 2022

Meeting Policy

The Information Technology Steering Committee and Data Governance Committee hold regular meetings at least 3 (three) times per year.
The Director of Digital & Information Technology chairs committee meetings. If the Director of Digital & Information Technology cannot attend, the meeting will be chaired by the Alternate Chair as regulated in Articles 3 and 4 of this Decree.
Committee meetings can be held if attended by at least 2/3 (two-thirds) of the Committee Members and attended by the Committee Chair.
Committee Meeting decisions are taken by deliberation and consensus. In the event that no agreement is reached, the decision of the Committee meeting is considered valid if it is approved by 50% (fifty percent) of the total number of Committee Members (both permanent and non-permanent) present plus 1 (one) vote of the Committee Member.
Coordination of the Information Technology Steering Committee and Data Governance Committee meetings is the responsibility of the Committee Secretary, with duties and responsibilities including:
1. Prepare and invite the meetings.
2. Prepare and present meeting materials.
3. Prepare and distribute Meeting Minutes to Information Technology Steering Committee Members
4. Monitor the decisions of the Steering Committee, which are followed up in the relevant Business Unit
The presence of the President Director and/or Deputy President Director increases the number of Permanent Members with voting rights.

Realization of Meetings and Implementation of Duties of the Information Technology Steering Committee in 2023

During 2023, the Information Technology Steering Committee carried out its duties by holding 3 (three) meetings, with the following details.

No	Date	Meeting agenda
1	April 3, 2023	Application Performance Plans to increase the capacity of the core banking system host Collaboration tools
2	October 9, 2023	Approval of upgrades to the AS/400 engine operating system
3	December 27, 2023	IT Strategic Plan Review 2023 IT Resilience Strategy IT Demand & Budget Posture FY2024

Data Governance Committee

The Data Governance Committee is a forum that provides direction regarding data governance, as well as giving decisions regarding leading issues in data that cannot be resolved at the Data Owners and Data Stewards level and the Data Management Office level.

Data Governance Committee Charter

In carrying out its duties, the Data Governance Committee refers to the Decree of the Board of Directors NOKEP: 870-DIR/ PPM/06/2022 concerning the Information Technology Steering Committee and the Data Governance Committee which regulates the Goals, Organization, Duties, Authorities and Responsibilities, and Work Procedures.

Duties and Responsibilities of the Data Governance Committee

The Data Governance Committee has the following responsibilities:

Fulfilling the data needs of all BRI stakeholders.
Protection of data as a strategic asset of the Company
Implement data policies and standards to enforce a good data management process framework and enterprise data quality.
Protection of the privacy and confidentiality aspects of customer and company data.
Protection from illegal data access, manipulation, and inappropriate use of data and information
Use data effectively and bring value to the Company
Leading issues on data that cannot be resolved at the Data Owner and Data Steward level or the Data Management Function level.

Data Governance Committee Membership Structure

The Data Governance Committee organization consists of:

Membership Structures	Position	Voting Rights
Director of Digital & Information Technology	Chairman	√
Network & Services Director	Subtitute Chairman (Concurrently a permanent member)	√
Department Head, Data Strategy & Governance	Secretary (Concurrently a permanent member)	-
Finance Director	Permanent member	√
Division Head, Enterprise Data Management	Permanent member	√
Directors or SEVP related fields	Non-Permanent member	√
Director of Compliance	Permanent member	-

Statement Of Independence Of The Data Governance Committee

Meetings and Implementation of Duties of the Data Governance Committee in 2023

Meeting Policy

The Information Technology Steering Committee and Data Governance Committee held regular meetings at least 3 (three) times per year.
The Director of Digital & Information Technology chairs committee meetings. In the event that the Director of Digital & Information Technology cannot attend, the meeting chaired by the Alternate Chair as regulated in Articles 3 and 4 of this Decree.
Committee meetings can be held if attended by at least 2/3 (two-thirds) of the Committee Members and attended by the Committee Chair.
Committee Meeting decisions are taken by deliberation and consensus. In the event that no agreement is reached, the decision of the Committee meeting is considered valid if it is approved by 50% (fifty percent) of the total number of Committee Members (both permanent and non-permanent) present plus 1 (one) vote of the Committee Member.
Coordination of the Information Technology Steering Committee and Data Governance Committee meetings is the responsibility of the Committee Secretary, with duties and responsibilities including:
1. Prepare and invite meetings
2. Prepare and present meeting materials
3. Prepare and distribute Meeting Minutes to Information Technology Steering Committee Members
4. Monitor the decisions of the Steering Committee, which are followed up in the relevant Business Unit
The presence of the President Director and/or Deputy President Director increases the number of Permanent Members with voting rights.

Realization and Meetings’ Implementation of Data Governance Committee Duties in 2023

During 2023, the Data Governance Committee carried out its duties by holding 1 (one) meeting, with the following details:

No	Date	Meeting agenda	Meetings
1	November 29, 2023	Update the stewardship matrix data domain party reference

Human Capital Committee

The Human Capital Committee is a Committee at the Head Office that has the authority to determine strategic and operational policies in the field of Human Capital and aims to increase effectiveness, efficiency, and transparency in decision-making in human capital management and improve the quality of human capital management based on the principles of Good Corporate Governance.

Human Capital Committee Organization PT Bank Rakyat Indonesia (Persero) Tbk. Consist of:

Human Capital Planning & Policy Field --> HCS
Talent Field --> HCB
Performance Management Field --> HCS
Ethics & Discipline --> HCB
Job Evaluation Field --> PPM/OD

Human Capital Committee Charter

In carrying out its duties, the Human Capital Committee refered to the Directors’ Decree, BRI Directors’ Decree Nokep: 603-DIR/ PPM/03/2023 dated March 29, 2023 concerning the Human Capital Committee of PT. Bank Rakyat Indonesia (Persero) Tbk. which regulated the objectives, organization, scope and work procedures.

Statement of Independence of the Human Capital Committee

Meeting Policy

Human Capital Committee For Human Capital Planning & Policy

Duties and Responsibilities of the Human Capital Committee for Human Capital Planning & Policy

Determine development strategy priorities and policy direction and improve the quality of BRI’s human capital by referring to the Bank Business Plan (RBB) and BRI Corporate Plan.
Establish strategic policies, career management, and corporate culture in the field of human capital.
Determine the remuneration of the Board of Commissioners and Directors of Subsidiary Companies.

Membership Structure of the Human Capital Committee for Human Capital Planning & Policy

Membership Structures	Position	Voting Rights
President Director	Chairman	√
Vice Director	Alternate Chairman (Concurrently a permanent member)	√
Division Head Human Capital in charge of Policy	Secretary (Concurrently a permanent member)	√
Director of Human Capital	Permanent Member	√
Directors or SEVP Related fields	Non-permanent members	√
Division Head, Human Capital Strategy function	Non-permanent members	√
Division Head, Human Capital Development function	Non-permanent members	√
Division Head, Human Capital Business Partner function	Non-permanent members	√
Division Head, Corporate Culture	Non-permanent members	√
Division Head, Learning function	Non-permanent members	√

Implementation of the Human Capital Committee for Human Capital Planning & Policy in 2023

No	Date	Meeting agenda
1	February 1, 2023	Proposed 2022 Pool Bonus Payments
2	April 3, 2023	Strategic Workface Planning
3	May 8, 2023	Proposed Salary Increase for BRI Employees
4	June 5, 2023	Corporate Title Evaluation
5	June 12, 2023	Human Capital Strategic Issues & Responses
6	November 3, 2023	Determination of Remuneration for Subsidiary Company Commissioners
7	November 21, 2023	Rejuvenation of Conditions for Incompetent Performance Workers

Human Capital Committee for Talent Field

Duties and Responsibilities of the Human Capital Talent Committee

Determining team member transfers, including determining the management of Subsidiary and Affiliated Companies.
Determination of Talent Clusters, including identification and determination of top talent.
Determination of Succession Plans for all positions.
Determination of the Talent Pool based on the Employee’s expertise.
Conduct a Talent Review.

Membership Structure of the Talent Field Human Capital Committee

Talent Field 1 (for Workers with the Corporate Title Senior Executive Vice President, Executive Vice President, Senior Vice President, Vice President and Class I Branch Leaders including Workers who will be assigned as Directors of Subsidiary Companies)

Membership Structures	Position	Voting Rights
President Director	Chairman	√
Vice Director	Alternate Chairman (Concurrently a permanent member)	√
Division Head Human Capital Business Partner	Secretary (Concurrently a permanent member)	-
All Directors (Talent Committee 1 for Senior Executive Vice President Level Employees)	Permanent member	√
All Directors and SEVP (Talent Committee 1 for Executive Vice President, Senior Vice President level workers including workers who will be assigned as Directors of Subsidiary Companies)	Permanent member	√
Director of Human Capital and Director or SEVP according to the Field/Guardian who will release and the talent is addressed according to the Committee’s discussion (Talent Committee 1 for Vice President Level Workers and Class I Branch Leaders)	Permanent member	√

Talent Field 2 (for level workers with the Corporate Title Assistant Vice President and Senior Manager)

Membership Structures	Position	Voting Rights
Director of Human Capital	Chairman (Concurrently a permanent member)	√
Division Head, Human Capital Business Partner	Secretary	√
Director or SEVP according to the field/ coach who will release and to whom the talent is directed according to the Committee’s discussion	Permanent member	√

Talent Field 3 (for Workers with the Corporate Title Manager)

Membership Structures	Position	Voting Rights
Division Head, Human Capital Business Partner	Chairman (Concurrently a permanent member)	√
Team Leader, Human Capital Business Partner in charge of Talent Management	Secretary	√
Department Head, Human Capital Business Partner in charge of Talent Management	Permanent member	√

Talent Field 4 (for position level workers with the Corporate Title Assistant Manager, Officer, and Assistant in Division/Regional Office/KCK/Regional Audit Office Business Unit and Supervision)

Membership Structures	Position	Voting Rights
Division Head/Regional CEO/ Branch Leader Special/Regional Audit Head	Chairman (Concurrently Permanent Member)	√
Regional Human Capital Business Partner Office Center	Secretary	-
Department Head/ Regional Head/ Regional Assurance Head according to related field/coach, adjust accordingly with the committee agenda	Permanent member	√

Meeting and Implementation of Duties of The Human Capital Committee for Talent in 2023

Talent Committee	Total Meetings	Meeting and Implementation of Duties
Talent Committee 1	26 times
Talent Committee 2	40 times
Talent Committee 3	126 times
Talent Committee 4	740 times

Human Capital Committee for Performance Management

Duties and Responsibilities of the Human Capital Committee for Performance Management

Determine KPIs for Directorates, Business Unit 1 Level below BOD (including Regional Offices), Branch Offices, Sub-Branch Offices, and BRI Units.
Evaluate the performance challenges of business unit 1 Level below BOD (including Regional Offices).
Evaluate Leader Orientation of Business Unit Leaders 1 Level below BOD (including Regional Offices) and Department Heads at Head Office.

Membership Structure of the Human Capital Committee for Performance Management

Planning Sub Sector 1 (for KPI Directorate, Sub-Directorate, Regional Office, Branch Office, KCP and BRI Unit)

Membership Structures	Position	Voting Rights
President Director	Chairman	√
Vice Director	Alternate Chairman (Concurrently permanent member)	√
Division Head Planning, Budgeting, & Performance Management Division	Secretary (Concurrently a permanent member)	-
All Directors or SEVP	Permanent member	√

Meanwhile, Planning Sub-Sector 2 (For KPI Division/Desk/Team BOD-1) is chaired by the Finance Director with Voting Rights.

The Evaluation Sub Sector consists of:

Sub Sector Challenge Evaluation and method Used 1 (for Regional Office Performance, Regional Audit Office and Division/ Desk/Team BOD-1)

Membership Structures	Position	Voting Rights
President Director	Chairman (Concurrently Permanent Member)	√
Vice Director	Alternate Chairman (Concurrently permanent member)	-
Division Head Planning, Budgeting, & Performance Management Division	Secretary (Concurrently a permanent member)	√
Division Head Human Capital Strategy & Policy Division	Secretary (Concurrently a permanent member)	√
All Directors or SEVP	Permanent member	√

Meanwhile, the Sub-Sector of Challenge Evaluation and Method Used 2 (For Kanca Performance) is chaired by the CEO.

Sub Sector Leadership Orientation & Individual Performance Predicate 1 (For Leadership Orientation & Performance Predicate of BOD-1 Business Unit Leaders)

Membership Structures	Position	Voting Rights
President Director	Chairman (Concurrently Permanent Member)	√
Vice Director	Alternate Chairman (Concurrently permanent member)	√
Division Head Human Capital Strategy & Policy	Secretary (concurrently Permanent Member without Voting Rights)	-
Division Head, Planning, Budgeting & Performance Management	Secretary (concurrently Permanent Member without Voting Rights)	-
All Directors or SEVP	Permanent member	√

Leadership Orientation & Individual Performance Predicate Sub-Sector 2 (For Leadership Orientation & Performance Predicate for Corporate Bank Employees 2) is chaired by the Director or SEVP Sector, while Leadership Orientation & Individual Performance Predicate Sub-Sector 3 (For Leadership Orientation & Branch Leader Performance Predicate) is chaired by Regional CEO.

Meeting and Duties’ Implementation of the Human Capital Committee for Performance Management in 2023

No	Date	Meeting Agenda
1	February 6, 2023	Implementation of Band 1 Individual Performance Assessment in 2022
2	7 to February 9, 2023	Implementation of Band 2 Individual Performance Assessment in 2022
3	7 to February 10, 2023	Implementation of Individual Performance Assessment for Branch Leaders and Sub-Branch Leaders in 2022

Human Capital Committee for Ethics & Discipline

Duties and Responsibilities of the Human Capital Committee for Ethics & Discipline

Decide cases of Disciplinary Violations by considering the recommendations provided by the Examination Team according to the methods or procedures regulated in the applicable Disciplinary Regulations.

Membership Structure of the Human Capital Committee for Ethics & Discipline

Ethics & Discipline Committee 1 for employees at Corporate Band 1 and Corporate Band 2 levels with Corporate Titles: Executive Vice President, Senior Vice President and Vice President

Membership Structures	Position	Voting Rights
President Director	Chairman (Concurrently permanent member)	-
Vice Director	Substitute Chairman (Concurrently permanent member)	-
Division Head, Human Capital Business Partner	Secretary	-
Director of Human Capital	Permanent member	√
Compliance Director	Permanent member	√
The relevant Director or SEVP	Non-Permanent Members	√

Ethics and Discipline Committee 2 for Corporate Band 3 level employees with Corporate Title: Assistant Vice President and Senior Manager

Membership Structures	Position	Voting Rights
Director of Human Capital	Chairman (Concurrently permanent member)	-
Division Head, Human Capital Business Partner or other designated Band 1 level official	Substitute Chairman	-
Director/SEVP related fields	Permanent member	√
Director/SEVP Coaching	Permanent member	√

Ethics and Discipline Committee 3 for employees at Corporate Band 5 to Corporate Band 7 with Corporate Titles: Manager, Assistant Manager, Officer and Assistant

Membership Structures	Position	Voting Rights
Division Head Human capital Business Partner, Regional CEO, Special Branch Leader, Regional Audit Head	Chairman (Concurrently permanent member)	-
Department Head Human capital Business Partner Division, Department Head Regional Human capital Business Partner or other appointed official/in charge of Human capital	Secretary	-
Division Head for related fields, Regional Banking Head for related areas, Regional Internal Audit Deputy	Permanent member	√
Division Head of Responsible Worker, Regional Operation Head, Department Head of Human Capital Business Partner Division	Permanent member	√

Meeting and Implementation of Duties of the Human Capital Committee for Ethics & Discipline in 2023

No	Date	Agenda
1	January 30, 2023	Decision of Ethics and Discipline Committee
2	February 7, 2023	Decision of Ethics and Discipline Committee
3	February 15, 2023	Decision of Ethics and Discipline Committee
4	February 28, 2023	Decision of Ethics and Discipline Committee
5	March 02, 2023	Decision of Ethics and Discipline Committee
6	March 6, 2023	Decision of Ethics and Discipline Committee
7	March 17, 2023	Decision of Ethics and Discipline Committee
8	April 13, 2023	Decision of Ethics and Discipline Committee
9	April 12, 2023	Decision of Ethics and Discipline Committee
10	May 10, 2023	Decision of Ethics and Discipline Committee
11	May 11, 2023	Decision of Ethics and Discipline Committee
12	May 16, 2023	Decision of Ethics and Discipline Committee
13	June 27, 2023	Decision of Ethics and Discipline Committee
14	July 5, 2023	Decision of Ethics and Discipline Committee
15	July 17, 2023	Decision of Ethics and Discipline Committee
16	August 3, 2023	Decision of Ethics and Discipline Committee
17	August 4, 2023	Decision of Ethics and Discipline Committee
18	August 6, 2023	Decision of Ethics and Discipline Committee
19	August 16, 2023	Decision of Ethics and Discipline Committee
20	September 15, 2023	Decision of Ethics and Discipline Committee
21	September 21, 2023	Decision of Ethics and Discipline Committee
22	September 27, 2023	Decision of Ethics and Discipline Committee
23	September 29, 2023	Decision of Ethics and Discipline Committee
24	November 2, 2023	Decision of Ethics and Discipline Committee
25	November 13, 2023	Decision of Ethics and Discipline Committee
26	November 23, 2023	Decision of Ethics and Discipline Committee
27	December 14, 2023	Decision of Ethics and Discipline Committee
28	December 21, 2023 D	Decision of Ethics and Discipline Committee
29	December 29, 2023	Decision of Ethics and Discipline Committee

Human Capital Committee for Job Evaluation

Duties and Responsibilities of the Human Capital Committee for Job Evaluation

The Human Capital Committee for Job Evaluation is responsible for determining Position Classes.

Membership Structure of the Human Capital Committee for Job Evaluation

Membership Structures	Position	Voting Rights
Director of Finance	Chairman	√
Director of Human Capital	Substitute Chairman	√
Department Head, Organization Development, Planning, Budgeting & Performance Management Division	Secretary	-
Director of Risk Management	Permanent member	√
Division Head, Planning, Budgeting & Performance Management	Permanent member	√
Division Head, Human Capital Strategy & Policy	Permanent member	√

Meeting and Duties Implementation of the Human Capital Committee for Job Evaluation in 2023

No	Date	Agenda
1	February 28, 2023	Human Capital Committee for Job Evaluation Transaction Banking Division
2	March 8, 2023	Human Capital Committee for Job Evaluation Institutional Business Division
3	March 9, 2023	Human Capital Committee for Job Evaluation in the context of implementing organizational changes December 2022 Phase 1
4	April 10, 2023	Human Capital Committee for Job Evaluation in the context of implementing organizational changes December 2022 Phase 2
5	April 14, 2023	Human Capital Committee for Job Evaluation in the context of implementing organizational changes December 2022 Phase 3
6	May 4, 2023	Human Capital Committee for Job Evaluation in the Context of Adjusting Job Grades for the Corporate Business Division and Treasury Business Division
7	May 19, 2023	Human Capital Committee for Job Evaluation in the context of implementing organizational changes in December 2022 Phase 4
8	June 16, 2023	Human Capital Committee for Job Evaluation Small Business Head and Metro Area Branch Leader
9	August 15, 2023	Human Capital Committee for Job Evaluation in the context of implementing organizational changes in August 2023
10	November 13, 2023	Human Capital Committee for Job Evaluation for Regional Micro Banking Organizations and Special Branch Offices

Product Committee

The Product Committee is a committee at the Head Office which has the task and responsibility of providing decisions on proposals for developing new products and services, developing existing products and services, discontinuing existing products and services, deciding on product and service bundling over the authority of the Director or SEVP for Product Ownership, and provide input and recommendations to the Board of Directors regarding product and service development strategies.

Product Committee Charter

In carrying out its duties, the Product Committee refers to the Decree of the Board of Directors NOKEP: 213-DIR/CDS/06/2021 concerning the Product Committee, which regulates Organization and Work Procedures.

Duties and Responsibilities of the Product Committee

Provide decisions on proposals for developing new products/ services or developing existing products/services above the authority of the Director/SEVP for Product Ownership.
Provide decisions regarding the termination of products/ services that are already running above the authority of the Director/SEVP for Product Ownership.
Provide decisions on bundling products and/or services above the authority of the Director/SEVP for Product Ownership.
Provide input and recommendations to the Board of Directors regarding product and/or service development strategies.

Product Committee Membership Structure

Product Committee 1: Wholesale Segment

Membership Structures	Position	Voting Rights
Vice President Director	Chairman	√
Director of Finance	Alternate Chairman (Concurrently Permanent Member)	√
Division Head, Corporate Development & Strategy	Secretary	-
Director of Risk Management	Permanent member	√
Network & Services Director	Permanent member	√
Director of Digital & Information Technology	Permanent member	√
SEVP Operations	Permanent member	√
SEVP Change Management & Transformation Office	Permanent member	√
Director of Institutional & BUMN Relations*	Non-Permanent Member	√
SEVP Treasury & Global Services*	Non-Permanent Member	√
SEVP Corporate Business	Non-Permanent Member	√
Compliance Director	Permanent member	-
SEVP Internal Audit Business Unit	Permanent member	-

* There are cross-segment products

Product Committee 1: Non Wholesale Segment

Membership Structures	Position	Voting Rights
Vice President Director	Chairman	√
Director of Finance	Alternate Chairman (Concurrently Permanent Member)	√
Division Head, Corporate Development & Strategy	Secretary	-
Director of Risk Management	Permanent member	√
Network & Services Director	Permanent member	√
Director of Digital & Information Technology	Permanent member	√
SEVP Operations	Permanent member	√
SEVP Change Management & Transformation Office	Permanent member	√
Micro Business Director*	Non-Permanent Member	√
Consumer Director	Non-Permanent Member	√
Director of Small and Medium Business*	Non-Permanent Member	√
Director of Compliance	Permanent member	-
SEVP Internal Audit Business Unit	Permanent member	-

* There are cross-segment products

Product Committee 2: Wholesale Segment

Membership Structures	Position	Voting Rights
Director of Finance	Chairman	√
Director of Risk Management	Substitute Chair (Concurrently Permanent Member)	√
Division Head, Corporate Development & Strategy	Secretary	-
Director of Institutions & BUMN*	Non-Permanent Member	√
Director of Digital & Information Technology	Non-Permanent Member	√
Network & Services Director	Non-Permanent Member	√
SEVP of Corporate Business	Non-Permanent Member	√
SEVP Treasury & Global Services*	Non-Permanent Member	√
SEVP Operations	Non-Permanent Member	√
SEVP Change Management & Transformation Office	Non-Permanent Member	√
Director of Compliance	Permanent member	-
SEVP Internal Audit Business Unit	Permanent member	-

* There are cross-segment products

Product Committee 2: Non Wholesale Segment

Membership Structures	Position	Voting Rights
Director of Finance	Chairman	√
Director of Risk Management	Alternate Chairman (Concurrently Permanent Member)	√
Division Head, Corporate Development & Strategy	Secretary	-
Director of Institutions & BUMN*	Non-Permanent Member	√
Director of Digital & Information Technology	Non-Permanent Member	√
Network & Services Director	Non-Permanent Member	√
SEVP Corporate Business	Non-Permanent Member	√
SEVP Treasury & Global Services*	Non-Permanent Member	√
SEVP Operations	Non-Permanent Member	√
SEVP Change Management & Transformation Office	Non-Permanent Member	√
Director of Compliance	Permanent member	-
SEVP Internal Audit Business Unit	Permanent member	-

* There are cross-segment products

Statement of Product Committee Independence

All members have no affiliation with other Directors, Commissioners, or Controlling Shareholders, and are not shareholders of the Company, which could affect their ability to act independently; Commissioners, Directors, and employees from companies that have affiliations or business with BRI.

Meeting and Implementation of Duties of the Product Committee in 2023

Meeting Policy

Product Committee meetings are held periodically at least 1 (once) time every 6 (six) months or in accordance with business needs and developments.
Meetings outside regular meetings can be held with the following criteria:
1. A significant change in business conditions requires rapid and immediate product development or discontinuation.
2. Regulatory changes occur that require a response in product development or product discontinuation quickly and immediately.
3. Other factors that cause the Board of Directors to decide to hold a Product Committee Meeting.
The chair of the Product Committee chairs Product Committee meetings.
If a Product Committee Member is absent, the duties and authority of the Product Committee Member are replaced by a Substitute Director under the applicable Decree. The Substitute Director has two capacities in the Product Committee: Substitute Director and Member of the Product Committee in making decisions.

Product Committee meetings can be held if attended by the Chair of the Committee and attended by Members with Voting Rights with the following criteria:

No	Product Committee	Attendance Requirements	Criteria
1	Product Committee 1	Minimum 3 (three) Members with Voting Rights
2	Product Committee 2	Minimum 2 (two) Members with Voting Rights

* From the Members with Voting Rights present, there is a minimum of 1 (one) Director

Committee Meeting decisions are taken by deliberation and consensus. In the event that no agreement is reached, the decision of the Committee Meeting is deemed valid with the approval of 50% (fifty percent) of the total Committee Members who have Voting Rights plus 1 (one) Committee Member, including the Committee Chair.
Coordination of the organization of Product Committee Meetings is the responsibility of the Committee Secretary.
If a Product Committee meeting cannot be held, the Product Committee can make a decision through a Circular Service Note with the approval of the Committee Chair and other Committee Members. The Secretary of the Product Committee carries out the decision-making process through Circular Service Notes.
Minutes of the Product Committee Meeting are signed by the Product Committee Secretary and the Chair of the Product Committee and submitted to all SEVP Directors and Business Unit at BRI Head Office related to the Product Committee decision in question.

Realization of Meetings and Implementation of Duties of the Product Committee in 2023

No	Date	Meeting agenda
1	February 16, 2023	Evaluation of Stage 1 Rollout and Kupedes Rollout Applications throughout Indonesia up to. Rp500 Million
2	March 2, 2023	Proposed Integration of Pawn Agent Features in BRILink Mobile Update on Internet Banking Web Closing
3	March 30, 2023	Progress Update of Product Committee Follow-up Evaluation of Savings Products Proposed Bailout Credit (Same Day Bailout & Special Bailout Feature)*
4	June 27, 2023	Sabrina 3.0
5	July 24, 2023	Progress Update of Product Committee Follow-up Proposed Development of Gold Investment Features at BRImo Proposed BRImo Epayment Development
6	November 20, 2023	Debit Contactless
7	November 22, 2023	Ceria Product Review (CDD). Product Evaluation Monitoring Report (LMEP) 2023 and List of Bank Product Development Plans (RPPB) 2024.

Goods And Services Procurement Committee

The Goods and Services Procurement Committee is a committee at the Head Office that has the duty and authority to evaluate and make decisions on requests for the results of a procurement with a specific value.

Charter of the Goods and Services Procurement Committee

In carrying out its duties, the Goods and Services Procurement Committee refers to the Directors’ Decree NOKEP: 656-DIR/ PPM/10/2021 concerning the Goods and Services Procurement Committee which regulates the Organization, Duties, Authority and Responsibilities, as well as Work Procedures.

Duties and Responsibilities of the Goods and Services Procurement Committee

Carry out procurement decisions in a professional, honest, responsible, objective, accountable, and thorough manner.
Avoid conflicts of interest in granting procurement approval.
Evaluate and provide input on the proposed procurement.
Give a decision to approve or reject the procurement according to the limits of their authority if it is held through a Committee meeting.
Provide procurement decisions through:
1. Minutes of Directors’ Meetings, or
2. Procurement Committee Meeting Minutes or
3. Circular Service Note.

Membership Structure of the Goods & Services Procurement Committee

Procurement Committee I (Procurement Value > Rp200 Billion)

Membership Structures¹	Position	Voting Rights
Vice President Director	Chairman	√
Division Head, Procurement & Logistics Operation or Procurement Function Management Business Unit	Secretary	√
Director of Finance	Permanent member	√
Director of Risk Management	Permanent member	√
Director/SEVP User²	Permanent member	√
SEVP AT Management and Procurement	Permanent member	√
Director of Compliance	Permanent member	-
Relevant Director/SEVP³	Non-Permanent Member	√

Procurement Committee II (Procurement Value > Rp100 Billion To Rp200 Billion)

Membership Structures¹	Position	Voting Rights
Vice Director	Chairman	√
Division Head, Procurement & Logistics Operation or Procurement Function Management Business Unit	Secretary	√
Director of Finance	Permanent member	√
Director of Risk Management	Permanent member	√
Director/SEVP User²	Permanent member	√
SEVP AT Management and Procurement	Permanent member	√
Relevant Director/SEVP³	Non-Permanent Member	√

Procurement Committee III (Procurement Value > Rp30 Billion to Rp100 Billion)

Membership Structures¹	Position	Voting Rights
SEVP Fixed Asset Management and Procurement	Chairman	√
Division Head, Procurement & Logistics Operations or Procurement Function Management Business Unit	Secretary
Director of Risk Management	Permanent member	√
Director/SEVP User²	Permanent member	√
Relevant Director/SEVP³	Non-Permanent Member	√

Procurement Committee IV (Procurement Value > RP7.5 Billion to RP30 Billion)

Membership Structures¹	Position	Voting Rights
SEVP Fixed Asset Management and Procurement	Chairman	√
Division Head, Procurement & Logistics Operations or Procurement Function Management Business Unit	Secretary
Director/SEVP User²	Permanent member	√
Relevant Director/SEVP³	Non-Permanent Member	√

Notes:
¹⁾ In their position or as a substitute official
²⁾ If the Director of Compliance or SEVP in charge of Internal Audit acts as a User, the official authorized to provide approval is the Director of Risk Management.
³⁾ Director or SEVP of the relevant Division/Business Unit Supervisor according to the type of procurement object.

Statement of Independence of the Goods & Services Procurement Committee

All committee members have no affiliation with other Directors, Commissioners, or Controlling Shareholders. They are not shareholders of the Company, which could affect their ability to act independently; Commissioners, Directors, and employees from companies with affiliations or business with BRI.

Meetings and Duties Implementation of the Goods & Services Procurement Committee in 2023

Meeting Policy

The Procurement Committee’s decision is taken at the Procurement Committee meeting. Procurement Committee meetings are held with the relevant Procurement Business Unit facilitator at the Head Office or other places.
The decision of the Procurement Committee is taken unanimously and is considered approved if all Committee Members with voting rights who are present or representing them agree.
If a Procurement Committee Member is absent, the duties and authority of the Procurement Committee Member are replaced by a Substitute Director or SEVP in accordance with the Substitute Director’s Decree. The Substitute Director or SEVP can act in the Committee in two capacities, namely as a Substitute Officer and in his capacity as a Member of the Goods and Services Procurement Committee.
If a Procurement Committee meeting cannot be held, the Procurement Committee can make a decision through a Circular Service Note with the approval of the Committee Chair and other Committee Members.
If the Board of Directors has decided the procurement of goods and services through a Board of Directors Meeting, the decision in question is equated with the conclusion of the Goods and Services Procurement Committee as evidenced by the Minutes of the Board of Directors’ Meeting.
The duties and responsibilities of the facilitator for Procurement Committee meetings are carried out by the Secretary of the Procurement Committee, including:
1. Coordinate the preparation of Committee meeting materials.
2. Prepare meeting agendas, schedules, and meeting places.
3. Carrying out correspondence, document reproduction, and committee document archiving functions.
4. Prepare minutes of meetings and minutes of the Goods and Services Procurement Committee.
5. Distribute Committee decisions to be followed up by related Business Unit.

Realization of Meetings and Duties Implementation of the Goods and Services Procurement Committee in 2023

Procurement Committee	Procurement Value (Rp,-)	Amount of Procurement
Procurement Committee I	1,809,170,116,000	3
Procurement Committee II	789,692,437,000	6
Procurement Committee III	2,235,127,346,395	43
Procurement Committee IV	2,660,121,741,828	168

Project Management Office Steering Committee

The Project Management Office Steering Committee is a committee at the Head Office. The Business Unit is tasked with conducting studies and establishing rules as well as monitoring project stages starting from planning and implementation to evaluation of strategic project management based on specific criteria, as well as providing support to the processes, systems, and human resources that carry out the strategic project in question.

Project Management Office Steering Committee Charter

In carrying out its duties, the Project Management Office Steering Committee refers to the Directors’ Decree NOKEP: B.869-DIR/PPM/06/2022 concerning the Project Management Office Steering Committee which regulates the Organization and Work Procedures.

Duties and Responsibilities of the Project Management Office Steering Committee

Provide direction at the corporate level regarding project strategy at BRI.
Make decisions on proposals to resolve problems in project management that the division head of the project management office needs help deciding on.
Decide on the proposed budget reallocation between projects as stated in the Project Work Plan and then be guided by the applicable provisions.
Make decisions on matters that have yet to be regulated in the Project Management Implementation Guidelines (PP PM).
Approve and ratify the proposed project after the Company Budget Work Plan (RKAP) has received approval.
Provide direction and decisions regarding accelerated project completion.
Establish criteria for projects monitored by the Project Management Office (PMO).
Decide which projects are included and which are excluded from PMO Monitoring.
Determine project prioritization to be implemented by the Project Owner Business Unit and Project Support Business Unit.
Provide decisions related to projects, including approving, changing, or canceling project plans and implementation.
Provide direction on the results of the Post Implementation Review (PIR), which has been carried out as part of the lessons learned in the implementation of the next project.

Project Management Office Steering Committee Membership Structure

Membership Structures	Position	Membership Structure
Main Director/Deputy Director	Chairman
SEVP CMT (concurrently as Permanent Member with Voting Rights)	Substitute Chairman
Division Head PMO (concurrently as Permanent Member without Voting Rights)	Secretary
Director of Digital & Information Technology	Permanent Member with Voting Rights
Director of Risk Management	Permanent Member with Voting Rights
Finance Director	Permanent Member with Voting Rights
Director of Network & Services	Permanent Member with Voting Rights
Director or SEVP for Project Owner	Non-Permanent Member
Director or SEVP of Project Support	Non-Permanent Member
Project Owner Business Unit Leader	Non-Permanent Member
Project Support Business Unit Leader Non-Permanent Member	Non-Permanent Member

Statement of Independence of Project Management Office Steering Committee

All members have no affiliation with other Directors, Commissioners, or Controlling Shareholders, and are not shareholders of the Company, which can influence their ability to act independently; commissioners, directors, or employees of companies that have affiliations or do business with BRI.

Meeting and Duties Implementation of Project Management Office Steering Committee in 2023

Meeting Policy

Realization of Meetings and Duties Implementation of Project Management Office Steering Committee in 2023

During 2023, the Project Management Office Steering Committee carried out its duties by holding 3 (three) meetings, with the following details:

No	Date	Meeting Agenda
1	Thursday, April 06, 2023	Portfolio Highlights Moonshot Update Brivolution 2.0 Value Tracking Determination of Commitments and Decisions by all PMO SC Members present.
2	Thursday, November 23, 2023	Presentation of Preventive Action Business and Operational material Determination of Commitments and Decisions by all PMO SC Members present
3	Monday, November 27, 2023	Strategic Initiative Portfolio - update October 2023 Transformation Effectiveness Assessment Post Implementation Review Progress Update: Migration of Population Identification Numbers as Taxpayer Identification Numbers Determination of Commitments and Decisions by all PMO SC Members present.

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