PT Bank Mandiri (Persero) Tbk.

KEY PERFORMANCE INDICATORS OF BOARD OF COMMISIONERS

In performing its duties and functions, the Board of Commissioners always refers to the Articles of
Association, AGM Resolutions, and the Board of Commissioners Work Program.
The Board of Commissioners uses this work program as the basis for carrying out its duties in order
to ensure the holistic application of GCG. In performing its work program, the Board of
Commissioners is assisted by the Audit Committee, Risk Monitoring and GCG Committee, and
Remuneration and Nominations Committee.
The realization of the Board of Commissioners Work Program in 2013 resulted in various approvals,
advisory opinions, responses, and recommendations forwarded to the Board of Directors. These
were as follows:
1. Input on the implementation of the 2010-2014 strategic corporate plan.
2. Approval of the Revised Bank Mandiri Operations & Budget Plan for 2013.
3. Approval of the Revised Bank Business Plan for 2013-2015.
4. Supervisory Report on the Bank Mandiri Business Plan for Second Half of 2012.
5. Supervisory Report on the Bank Mandiri Business Plan for First Half of 2012.
6. Providing input and advice with respect on increasing corporate value and revenue market
share.
7. Conducting Meetings of the Board of Commissioners, including Joint Meetings of the Board of
Commissioners and the Board of Directors, to discuss realization reports on the business
development plan, strategic alliances and operational efficiencies in accordance with the RKAP
and RBB.
Assessment Of Board Of Commissioners Performance
The Board of Commissioners conducts self-assessment on the achievement of Key Performance
Indicators as set out in the RKAP.
The Board of Directors Remuneration Policy
The determination of remuneration of the Board of Directors is based on Limited Liability Law no. 40
of 2007, Bank Mandiris Articles of Association, and Regulation of Minister of State Owned
Enterprises No. PER 07/MBU/2010 regarding Guidelines for Determination of Remuneration of Board
of Directors, Board of Commissioners and Board of Supervisors of State-Owned Enterprises. The
remuneration of the Board of Directors of Bank Mandiri is set out in the Commissioners Decision
Letter No. KEP.KOM/006/2011 regarding Allowances and other Facilities as well as Post-Official
Compensation for the Boards of Directors and Commissioners.
The remuneration of the Board of Directors is determined by a General Meeting of Shareholders
(GMS). The components of remuneration of the Boards of Directors consist of:

 PT Bank Mandiri (Persero) Tbk.

1.
2.
3.
4.

Salary/Honorarium
Allowances
Facilities
Bonuses/Performance Incentives

The Board of Directors Remuneration Determination Procedure

a. In addition to being reflected in the realization of the Company Work Plan and Budget (RKAP), the
determination of remuneration for the Board of Directors is reviewed and proposed on the basis
of the following:
1. In the end of the year, a business plan is prepared as set out in the Bank Business Plan (RBB),
which is then delivered to the Stakeholders and regulator;
2. Key Performance Indicators (KPI) of the CEO are prepared and they should then be approved
by the Board of Commissioners and signed by the CEO and Chief Commissioner;
3. KPI of the Vice CEO and Divisional Director are prepared to cover the KPI of the CEO;
4. Performance of each business unit is evaluated regularly and the main target is evaluated
monthly through performance review;
5. Comprehensive assessment is conducted in the end of the year and the result thereof will be
discussed in the meeting of the Board of Directors;
6. The result of such assessment will then be reported to the Board of Commissioners and, after
GMS, bonuses will be distributed to the Directors based on the result of such assessment and,
therefore, the amount of bonuses may vary among the directors.
b. The remuneration for the Board of Directors is determined through a GMS. The mechanism
specified by a GMS should be first reviewed and the amount of remuneration proposed by the
Board of Commissioners through assessment by the Remuneration & Nomination Committee in
consultation with the State Minister of State Owned Enterprises as the Holder of Dwiwarna Series
A Shares to determine allowances and other facilities and post-official compensation for the
Boards of Directors and Commissioners on the basis of evaluation of Key Performance Indicator
(KPI).