Grace Natalie Becomes Commissioner of State-Owned Mining Holding MIND ID, How Much is Her Salary?

"Grace Natalie Becomes Commissioner of the Mining State-Owned Holding MIND ID, How Much is Her Salary?"

Dream - Minister of State-Owned Enterprises Erick Thohir appointed the founder of the Indonesian Solidarity Party (PSI), Grace Natalie Louisa, as Commissioner of the State-Owned Mining Industry Holding, MIND ID.

Grace Natalie Becomes Commissioner of State-Owned Mining Holding MIND ID, How Much is Her Salary?

Erick Thohir also appointed Fuad Bawazier as the President Commissioner of MIND ID. Fuad replaces the late Doni Munardo.

The President Director of MIND ID, Hendi Prio Santoso, said that the appointment decision is one of the results of the Annual General Meeting of Shareholders (RUPS) of MIND ID. "The Annual RUPS also approved the appointment of Fuad Bawazier as the President Commissioner," he said as quoted from Merdeka.com, Tuesday, June 11, 2024.

"Furthermore, the shareholders also approved Pamitra Wineka as an Independent Commissioner."

Shareholders in the MIND ID General Meeting of Shareholders approved the honorable dismissal of Jisman Parada Hutajulu from the position of Commissioner. Jisman is the Director General of Electricity at the Ministry of Energy and Mineral Resources (ESDM).

"The Annual General Meeting approves the appointment of Grace Natalie Louisa as Commissioner," said Hendri. So, what is Grace Natalie's salary as a Commissioner of State-Owned Enterprises (BUMN)? Mining Industry Indonesia (MIND ID) is the Indonesian Mining Industry State-Owned Enterprises Holding consisting of PT ANTAM Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT INALUM, and PT Timah Tbk."

"Salary of MIND ID Executives"

The determination of remuneration in the form of salary or honorarium, allowances, and fixed facilities is carried out by considering several indicators, such as business scale, business complexity, inflation rate, the condition and financial capability of the Company, as well as other relevant factors.

The determination of remuneration for members of the board of commissioners and directors is the authority of shareholders through the GMS mechanism. The formulation refers to Minister of State-Owned Enterprises Regulation Number PER-13/MBU/09/2021 concerning the Sixth Amendment to Minister of State-Owned Enterprises Regulation Number PER-04/MBU/2014 concerning Guidelines for Determining the Income of Directors, Board of Commissioners, and Board of Supervisors of State-Owned Enterprises.

The details for the salary or honorarium for commissioners are as follows: The Chief Commissioner/Chairman of the Supervisory Board receives an honorarium of 45 percent of the Chief Executive Director. The Deputy Chief Commissioner/Deputy Chairman of the Supervisory Board receives an honorarium of 42.5 percent of the Chief Executive Director. Members of the Board of Commissioners/Members of the Supervisory Board receive an honorarium of 90 percent of the Chief Executive Director.

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