PT Bank Maybank Indonesia Tbk : Report of the Implementation of Good Corporate Governance 2022

06

Good

Corporate

Governance

1. Good Corporate Governance

1. Corporate Governance Roadmap
2. Bank Governance Structure

1. Self-AssessmentResults of Good Corporate Governance Implementationin 2022
2. Information on Major and Controlling Shareholders
3. General Meeting of Shareholders

1. Board of Commissioners

1. Independent Commissioner

1. Board of Directors

1. Affiliation between Board of Commissioners, Board of Directors and Majority/Controlling Shareholders
2. Board of Commissioners and Directors Diversity Policy

1. Committees of The Board of Commissioners

1. Remuneration Policy

1. Committees of The Board of Directors

1. Corporate Secretary

1. Corporate Security Management
2. Compliance Unit

1. Anti-MoneyLaundering and Countering Financing of Terrorism (AML/CFT) Unit

1. Whistleblowing System and Anti Fraud

1. Legal Issues

1. Administrative Sanctions
2. Internal Audit Unit

1. Investor Relations
2. Risk Management

1. Public Accountant/External Auditor

1. Internal Control System

1. Access to Company Information and Data
2. Press Release 2022
3. Internal Communication

1. Code of Ethics and Code of Conducts

1. Corporate Culture
2. Transparency of Financial and Non- Financial Conditions that Have Not Been Disclosed in Other Report

1. Quarterly Publication Report
2. Provision of Funds to Related Party and Large Exposure

562 Provision of Funds for Social and Political Activities

1. Procurement of Product and Services Policy
2. Customer Protection Policy

1. Anti-CorruptionPolicy
2. Protection of Creditor Rights

1. Conflict of Interest Policy (including Insider Trading)
2. Dividend Distribution Policy

1. Bad Corporate Governance Practices
2. Ratio of Highest and Lowest Salary and Variable Remuneration Received by Employees
3. Implementation of OJK Public Company Governance Guidelines

571 General Guidelines for Indonesian Corporate Governance (PUGKI)

580 Implementation of Corporate Governance Aspects and Principles in Accordance with the Guidelines of Corporate Governance Principles for Banks Issued by the Basel Committee in Banking Supervision Supervision

582 Integrated Governance Implementation Report

586 Implementation of ASEAN Corporate Governance (CG) Scorecards

1. Board of Commissioners Approval Sheet Good Corporate Governance (GCG) Implementation Report 2022 PT Bank Maybank Indonesia Tbk
2. Board of Directors Approval Sheet Good Corporate Governance (GCG) Implementation Report 2022
   PT Bank Maybank Indonesia Tbk
3. GCG Report Shariah Business Unit 2022

One Bank, Impacting Many

CORPORATE GOVERNANCE

Good Corporate

Governance

The implementation of Bank Governance is realized from the synergy between all organs of the Bank, where the main organ of the Bank consists of the General Meeting of Shareholders (GMS), the Board of Commissioners, and the Board of Directors, with the highest position being the GMS. The Board of Commissioners supervises the policies of the Board of Directors in running the Company and provides advice to the Board of Directors. The Board of Commissioners must carry out these duties and responsibilities in good faith, with full responsibility and Prudentiality.

406	2022	ANNUAL REPORT
	PT BANK MAYBANK INDONESIA Tbk

One Bank, Impacting Many

COMMITMENT TO THE IMPLEMENTATION OF CORPORATE GOVERNANCE

Maybank Indonesia is committed to implementing the principles of Good Corporate Governance (GCG) as a foundation in creating sustainable added value for the interests of shareholders, the community, and all other stakeholders, both in the short and long term. The Bank is also determined to continuously improve and implement GCG based on national and international GCG regulations, guidelines and standards.

In addition, Maybank Indonesia is committed to always carries out every business activity in the banking industry by internalizing GCG principles. Periodically, Maybank Indonesia evaluates the implementation of GCG in order to assess the compliance and effectiveness of the Bank's GCG implementation at all levels.

Maybank Indonesia implements all GCG principles, which include Transparency, Accountability, Responsibility, Independency and Fairness (TARIF), thoroughly in the Bank's business activities. Then, all of these principles are also applied in the process and mechanism of GCG implementation by referring to 3 (three) important aspects including Governance Structure, Governance Process, and Governance Outcome.

Maybank Indonesia is optimistic that with the consistent and sustainable implementation of GCG, the Bank can achieve both short and long term goals, achieve maximum growth and returns through the application of Tariffs along with the three important aspects of Governance. Ultimately, these efforts will create a sound business that is aligned with ethics and applicable regulations, and will further enhance the Bank's performance. Maybank Indonesia is also confident that it can continue to create better business processes and work culture, develop resources that are aligned with business needs, improve accountability to shareholders and stakeholders, and maintain harmonious relationships between shareholders, Board of Commissioners, Board of Directors, Maybankers and all other stakeholders.

Maybank Indonesia believes that consistent and continuous implementation of Governance will have a positive impact on the Bank's performance and provide added value to interested parties and ensure that the Bank runs healthy business practices. The Bank also believes that as a business entity, the implementation of good governance contributes to the achievement of goals and performance growth through the establishment of clear systems, workflows and accountability. The implementation of GCG will also enhance the Bank's reputation and performance in front of stakeholders both nationally and regionally and internationally.

FOUNDATION OF CORPORATE GOVERNANCE POLICY

Maybank Indonesia underlies the practice of GCG implementation within the Bank by referring to various provisions and laws and regulations, as follows:

1. Laws of the Republic of Indonesia governing Capital Markets, Limited Liability Companies and Banking;
2. Financial Services Authority Regulations (POJK) and OJK Circular Letters (SEOJK), particularly regarding Governance, Annual Report, Risk Management, Internal Control System, Financial Conglomeration, as well as various POJK and SEOJK related to the implementation of Governance;
3. Indonesia's Corporate Governance Roadmap which was delivered through OJK's press release on February 4, 2014;
4. General Guidelines for Indonesian Corporate Governance (PUG-KI) 2021 issued by the National Committee on Governance Policy (KNKG);
5. ASEAN Corporate Governance Scorecard (ACGS) issued by the ASEAN Capital Market Forum (ACMF);
6. The Bank's Articles of Association and its amendments and the Resolution of the General Meeting of Shareholders (GMS); and
7. Bank's Corporate Governance Policy.

Maybank Indonesia also periodically reviews and evaluates the completeness and updates of internal provisions related to GCG. This effort is made to ensure that the Bank's internal provisions are relevant and in accordance with the conditions of the organization, the Bank's strategy and applicable regulations.

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PT BANK MAYBANK INDONESIA Tbk

CORPORATE GOVERNANCE

FOCUS ON GOVERNANCE IMPLEMENTATION FROM YEAR TO YEAR

Organizational improvement and refinement efforts will continue to be made by the Bank, accompanied by the development, improvement and refinement of the implementation of the Bank's values and ethics. With various efforts made, Maybank Indonesia is confident that it can provide innovative and creative quality services to customers. This can be seen from the development of the quality and focus of the Bank's Governance implementation in the last 5 years as follows:

2018

• Changes in organizational structure in several directorates and changes in organizational arrangements in various work units.
• Updating and improving a number of policies and procedures related to retail and non-retail loans.
• Changes in the Organizational Structure of the Internal Audit Work Unit (SKAI)
• Compliance Framework Maybank Indonesia.
• FATCA & CRS Policy.
• Update of Internal Capital Adequacy Assessment Process (ICAAP) Policy and Procedure.
• Renewal of Integrated Risk Profile Preparation Procedure.
• Renewal of Risk Appetite Statement Policy.
• Changes in the composition of Maybank Indonesia Financial Conglomerate members related to the acquisition of 75% share ownership of PT Asuransi Asoka Mas ("AAM") by Etiqa International Holdings Sdn Bhd ("EIH").
• Issuance of Anti-Bribery and Corruption Policy;
• Changes in the composition of the Integrated Governance Committee members in the Maybank Indonesia Financial Conglomeration so that the membership is represented by all member FSIs from each financial services sector;
• Integrated Risk Appetite Statement Policy in the Financial Conglomerate.
• Renewal of Policy on Implementation of Integrated Capital Management for Maybank Indonesia Financial Conglomerate.
• Update on Integrated Governance Guidelines.

• Update on the Integrated Compliance and Internal Audit Work Unit Guidelines.
• Renewal of Integrated Risk Management Policy.
• Renewal of Risk Management Framework.
• Renewal of Intra Group Transaction Policy.
• Information Technology System Development Policy (AHLD & DDBI Procedure).
• Policy on Confidentiality of Audit Result Information.
• Policy on Data Governance Framework of Bank Maybank Indonesia.
• Policy on the Organizational Structure of the Directorate of Legal, Compliance, and Corporate Secretary.
• Information Risk Management Procedure.
• Policy on Anti-Bribery & Corruption General Policy.
• Policy and Procedure on Operational Risk Policy.
• Policy on Stress Testing Policy.
• Renewal of terms of reference for Risk Management Committee and Integrated Risk Management Committee.
• Issuance of Policy and Procedure on Implementation of Anti- Money Laundering and Countering Financing of Terrorism (AML/CFT) Program in Financial Conglomeration Banks.
• Renewal of Policies and Procedures on the Implementation of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Program.
• Policy on Standard Operating Procedure (SOP) and Information Manual (Desktop Manual) of Automated Mortgage Origination System (AMOS).
• Policy on Global Market Dealing Room Operating Procedure (SOP).
• Changes in the membership of the Audit Committee, Nomination and Remuneration Committee and Risk Monitoring Committee;
• Revamp of the Bank's website;
• Issued General Anti-Bribery and Corruption (AB&C) Policy and updated Financial Crime Compliance Policy;
• The Bank provided socialization on Compliance Culture Awareness and conducted Compliance Culture Assessment to all Bank employees.
• Fraud Awareness Campaign

408	2022	ANNUAL REPORT
	PT BANK MAYBANK INDONESIA Tbk