GOOD CORPORATE GOVERNANCE

BOARD COMMITTEE

Audit Committee

The Internal Audit Committee operates independently and is directly accountable to the Board of Commissioners. The Committee assists the Board of Commissioners in carrying out its oversight function, particularly in ensuring the effectiveness of both external and internal audits. Its responsibilities include reviewing audit plans, implementation, and results, as well as monitoring the follow-up of audit findings.

In addition, the Internal Audit Committee provides recommendations for improving internal control systems and risk management, ensures the reliability and accuracy of corporate information, and identifies significant issues and risks that require the attention of the Board of Commissioners to support the effective implementation of Good Corporate Governance.

Audit Committee Charter

The JICT Audit Committee Charter serves as a guideline for the Audit Committee in assisting the Board of Commissioners in overseeing financial reporting processes, the effectiveness of internal controls, risk management, compliance with applicable laws and regulations, and the implementation of internal and external audits. This Charter supports the consistent and sustainable implementation of Good Corporate Governance.

Risk Monitoring Committee

The Risk Monitoring Committee of PT Jakarta International Container Terminal (JICT) assists the Board of Commissioners in overseeing the implementation of risk management across all of the Company’s activities and business processes. The Committee ensures that risk identification, assessment, monitoring, and mitigation are carried out effectively and integrated into the Company’s decision-making processes.

In performing its duties, the Risk Monitoring Committee ensures that all business activities are conducted in accordance with the principles of prudence, compliance with applicable laws and regulations, and alignment with the principles of Good Corporate Governance (GCG). Through this oversight role, the Committee supports the sustainability of the Company’s operations, operational stability, and corporate integrity.

Risk Management & Internal Control

PT Jakarta International Container Terminal (JICT) implements Enterprise Risk Management (ERM) as an integral part of its corporate governance to identify, manage, and mitigate risks associated with international-scale container terminal operations.

 

The ERM framework is embedded into business processes and corporate decision-making to ensure operational continuity, service reliability, and the mitigation of potential operational and financial disruptions.

 

Risk management is supported by a clear governance structure, where the Board of Commissioners oversees and Board of Directors set policies. Management is responsible for ERM implementation, and the Risk Monitoring Committee ensures the effectiveness of internal control and operational stability.

 

In the concept of third line models, JICT Risk Management as the second line adopt the ISO 31000:2018 and COSO:2023 framework. JICT ERM framework focuses on board-level oversight, culture, and resilience. It is organized around six core components: Oversight, Strategy, Culture, People, Communication, and Resilience.