ASEAN CG Scorecard - GCG
Banner ASEAN CG Scoredcard
A. Right of Shareholders
A. Right and Equitable Treatment of Shareholders
B. Sustainability and Resilience
B. Sustainability and Resilience
Part |
Items |
BMRI Practice Year 2024 |
Source Information |
|---|---|---|---|
B.1 Sustainability-related disclosure should be consistent, comparable and reliable, and include retrospective and forward-looking material information that a reasonable investor would consider important in making an investment or voting decision |
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Material Sustainability-related information should be specified |
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B.1.1 |
Does the company identify/report ESG topics that are material to the organization’s strategy? |
Bank Mandiri has identified/ Report ESG topics and its connection to Company and Organization's strategy, as mentioned in :
|
Annual Report of Bank Mandiri FY 2025 page 856-907Sustainability Report of Bank Mandiri FY 2025 page 18-29Sustainability Report of Bank Mandiri FY 2025 page 8-15Sustainability Report of Bank Mandiri FY 2025 page 108-109Sustainability Report of Bank Mandiri FY 2025 page 176-219Sustainability Report of Bank Mandiri FY 2025 page 222-345 |
B.1.2 |
Does the company identify climate change as an issue? |
Bank Mandiri has identified and assess the impact of climate change and other sustainability risk matters on the Company Business model, and developed strategies to adapt to meet the needs of a net zero economy, as mentioned in :
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Sustainability Report of Bank Mandiri FY 2025 page 134-168Annual Report of Bank Mandiri FY 2025 page 786-791Annual Report of Bank Mandiri FY 2025 page 857-889 |
B.1.3 |
Does the company adopt an internationally recognized reporting framework or standard for sustainability (i.e. GRI, Integrated Reporting, SASB, IFRS Sustainability Disclosure Standards)? |
Bank Mandiri adopted an internationally recognized reporting framework or standard for sustainability, as identified in :
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Sustainability Report of Bank Mandiri FY 2025 page 39-40Sustainability Report of Bank Mandiri FY 2025 page 436-443Sustainability Report of Bank Mandiri FY 2025 page 444-445Sustainability Report of Bank Mandiri FY 2025 page 446 |
If a company publicly sets a sustainability-related goal or target, the disclosure framework should provide that reliable metrics are regularly disclosed in an easily accessible form |
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B.1.4 |
Does the company disclose quantitative sustainability target? |
Disclosure for quantitative sustainability target of Bank Mandiri is mentioned in :
|
Sustainability Report of Bank Mandiri FY 2025 page 108-109Sustainability Report of Bank Mandiri FY 2025 page 202-219Sustainability Report of Bank Mandiri FY 2025 page 338-345Sustainability Report of Bank Mandiri FY 2025 page 348-393Sustainability Report o Bank Mandiri FY 2025 page 402-435 Annual Report of Bank Mandiri FY 2025, page 360-361Annual Report of Bank Mandiri FY 2025, page 862 Annual Report of Bank Mandiri FY 2024, page 858-889 |
B.1.5 |
Does the company disclose sustainability-related performance progress in relation to its previously set targets? |
Disclosure of sustainability related performance is stated in :
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Sustainability Report of Bank Mandiri FY 2025 page 402-435Sustainability Report of Bank Mandiri FY 2025 page 436-443Annual Report of Bank Mandiri FY 2025, page 862 |
B.1.6 |
Does the company confirm that its Sustainability Report / Reporting is reviewed and /or approved by the Board or Board Committee? |
Bank Mandiri Made Statement in Company Sustainability Report that the Report has been Reviewed and approved by Board of Directors and Board of Commissioners, as reflected in :
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Sustainability Report of Bank Mandiri FY 2025 page 28-29Sustainability Report of Bank Mandiri FY 2025 page18-29 |
B.2 Corporate governance frameworks should allow for dialogue between a company, its shareholders and stakeholders to exchange views on sustainability matters |
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B.2.1 |
Does the company engage internal stakeholders to exchange views and gather feedback on sustainability matters that are material to the business of the company? |
Bank Mandiri continuously engage internal stakeholder to exchange views and gather feedback on sustainability matters that are material to the business of the company, as reflected in :
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Sustainability Report of Bank Mandiri FY 2025 page 40 |
B.2.2 |
Does the company engage external stakeholders to exchange views and gather feedback on sustainability matters that are material to the business of the company? |
Bank Mandiri continuously engage internal stakeholder to exchange views and gather feedback on sustainability matters that are material to the business of the company, as reflected in :
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Sustainability Report of Bank Mandiri FY 2025 page 40 |
B.3 The corporate governance framework should ensure that boards adequately consider material sustainability risks and opportunities when fulfilling their key functions in reviewing, monitoring and guiding governance practices, disclosure, strategy, risk management and internal control systems, including with respect to climate-related physical and transition risks |
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Boards should assess whether the company’s capital structure is compatible with its strategic goals and its associated risk appetite to ensure it is resilient to different scenarios |
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B.3.1 |
Does the company disclose that the board reviews on an annual basis that the company's capital and debt structure is compatible with its strategic goals and its associated risk appetite? |
Disclosure on Company capital is compatible with strategic goals and associated risk is mentioned in :
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Annual Report of Bank Mandiri FY 2025, page 353-358Annual Report of Bank Mandiri FY 2025, page 527 |
B.4 The corporate governance framework should recognise the rights of stakeholders established by law or through mutual agreements and encourage active co-operation between corporations and stakeholders in creating wealth, jobs, and the sustainability of financially sound enterprises. |
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Does the company disclose a policy and practices that address : |
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B.4.1 |
The existence and scope of the company's efforts to address customers' welfare? |
Company's efforts to address customers' welfare is mentioned in :
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Sustainability Report of Bank Mandiri FY 2024, page 235-240Annual Report of Bank Mandiri FY 2025 page 878-880Annual Report of Bank Mandiri FY 2025 page 881-883Annual Report of Bank Mandiri FY 2025 page 85-86Annual Report of Bank Mandiri FY 2025 page 731https://www.bankmandiri.co.id/en/perseoranganhttps://www.bankmandiri.co.id/en/bisnishttps://www.bankmandiri.co.id/en/web/guest/wealth-management |
B.4.2 |
Supplier/contractor selection procedures? |
Bank Mandiri supplier/contractor selection procedures as follows :
|
Procurement of Goods and Services PolicyAnnual Report of Bank Mandiri FY 2025 page 477-478Sustainability Report of Bank Mandiri FY 2025 page 105 |
B.4.3 |
The company's efforts to ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development? |
Disclosure for Company effort to ensure the value chain is environmentally friendly and consistent with promoting sustainable development is mentioned in :
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Annual Report of Bank Mandiri FY 2025 page 877Sustainability Report of Bank Mandiri FY 2025 page 108-109Sustainability Report of Bank Mandiri FY 2025 page 348-351Sustainability Report of Bank Mandiri FY 2025 page 351 |
B.4.4 |
The company's efforts to interact with the communities in which they operate? |
Bank Mandiri efforts to interact with communities as follows :
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Sustainability Report of Bank Mandiri FY 2025 page 382-393Annual Report of Bank Mandiri FY 2025 page 890-907 |
B.4.5 |
The company's anti-corruption programmes and procedures? |
Implementation of Anti-Corruption Strategy as follows :
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Annual Report of Bank Mandiri FY 2025, page 739Annual Report of Bank Mandiri FY 2025, page 740-741Annual Report of Bank Mandiri FY 2025, page 742-743 |
B.4.6 |
How creditors' rights are safeguarded? |
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Creditor's Rights Policy (Website)https://bankmandiri.co.id/en/web/gcg/governance-processAnnual Report of Bank Mandiri FY 2025, page 478Annual Report of Bank Mandiri FY 2025, page 878 |
B.4.7 |
Does the company have a separate report/section that discusses its efforts on environment/economy and social issues? |
Bank Mandiri have separate section in the Reports that specifically discusses Bank Mandiri efforts on environment/ economy and social issues as identified in :
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https://bankmandiri.co.id/web/ir/annual-reportshttps://bankmandiri.co.id/esg-sustainability-report |
B.5 Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. |
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B.5.1 |
Does the company provide contact details via the company's website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights? |
Bank Mandiri provide contact details through Bank Mandiri website or Annual Report, where stakeholders may submit their criticisms and suggestions, as outlined in :
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https://www.bankmandiri.co.id/en/helpAnnual Report of Bank Mandiri FY 2025, page 878-880Annual Report of Bank Mandiri FY 2025, page 745-748Sustainability Report of Bank Mandiri FY 2025, page 30-37Sustainability Report of Bank Mandiri FY 2025, page 222-232 |
B.6 Mechanisms for employee participation should be permitted to develop. |
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B.6.1 |
Does the company explicitly disclose the policies and practices on health, safety and welfare for its employees? |
Bank Mandiri has disclosed policies and implementation on employees health, safety and Welfare as follows :
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Performance and Reward ManagementAnnual Report of Bank Mandiri FY 2025, page 409-411Annual Report of Bank Mandiri FY 2025, page 416-418Annual Report of Bank Mandiri FY 2025, page 421-427Sustainability Report of Bank Mandiri FY 2025, page 329Sustainability Report of Bank Mandiri FY 2025 page 318-328 |
B.6.2 |
Does the company explicitly disclose the policies and practices on training and development programmes for its employees? |
Bank Mandiri has disclosed Policy, and practices on training and development programmes for employees as follows :
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Performance and Reward ManagementAnnual Report of Bank Mandiri FY 2025, page 414-436 |
B.6.3 |
Does the company have a reward/compensation policy that accounts for the performance of the company beyond short-term financial measures? |
Bank Mandiri have policies regarding reward/ compensation based on performance, as follows :
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Performance and Reward ManagementAnnual Report of Bank Mandiri FY 2025, page 431-432Annual Report of Bank Mandiri FY 2025, page 434-436 |
B.7 Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this. |
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B.7.1 |
Does the company have a whistle blowing policy which includes procedures for complaints by employees and other stakeholders concerning alleged illegal and unethical behaviour and provide contact details via the company's website or annual report |
Bank Mandiri have whistle blowing policy as identified in :
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Whistleblowing Policy (Bank Mandiri Website)Annual Report of Bank Mandiri FY 2025, page 745-748Annual Report of Bank Mandiri FY 2025, page 740-741 |
B.7.2 |
Does the company have a policy or procedures to protect an employee/person who reveals alleged illegal/unethical behaviour from retaliation? |
Bank Mandiri has established procedures for protection of employees reporting activities that violate code of ethics as included in :
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Whistleblowing Policy (Bank Mandiri Website)Annual Report of Bank Mandiri FY 2025, page 746 |
C. Disclosure and Transparency
C. Disclosure and Transparency
Part |
Items |
BMRI Practice Year 2024 |
Source Information |
|---|---|---|---|
C.1 Transparent Ownership Structure |
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C.1.1 |
Does the information on shareholdings reveal the identity of beneficial owners, holding 5% shareholding or more? |
Information regarding identities the of the shareholders has been disclosed in the Annual Report of Bank Mandiri FY 2025 as identified in :Annual Report of Bank Mandiri FY 2025, page 180-183 (Shareholders Composition) |
Annual Report of Bank Mandiri FY 2025, page 180-183 |
C.1.2 |
Does the company disclose the direct and indirect (deemed) shareholdings of major and/or substantial shareholders? |
Bank Mandiri has disclosed information regarding Shareholders as referred in the Annual Report of Bank Mandiri FY 2025 regarding Shareholder Composition : Annual Report of Bank Mandiri FY 2025, page 180-187 (Shareholders Composition) |
Annual Report of Bank Mandiri FY 2025, page 180-187 |
C.1.3 |
Does the company disclose the direct and indirect (deemed) shareholdings of directors (commissioners)? |
Bank Mandiri has disclosed information share ownership and options of Board of Directors/ Board of Commissioners in the Annual Report of Bank Mandiri FY 2025 :
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Annual Report of Bank Mandiri FY 2025, page 183-184Annual Report of Bank Mandiri FY 2025, page 185
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C.1.4 |
Does the company disclose the direct and indirect (deemed) shareholdings of senior management? |
Bank Mandiri has disclosed information regarding share ownership and options of Board Of Directors, Board Of Commissioners and also of Senior Management in the Annual Report of Bank Mandiri FY 2025 as identified in :
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Annual Report of Bank Mandiri FY 2025, page 183-184Annual Report of Bank Mandiri FY 2025, page 168-170Annual Report of Bank Mandiri FY 2025, page 183-185Annual Report of Bank Mandiri FY 2025, page 366-367 |
C.1.5 |
Does the company disclose details of the parent/holding company, subsidiaries, associates, joint ventures and special purpose enterprises/ vehicles (SPEs)/ (SPVs)? |
Bank Mandiri has disclosed information regarding the structure of Bank Mandiri's group of companies in the Annual Report FY 2025, as mentioned in :
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Annual Report of Bank Mandiri FY 2025, page 186-187Annual Report of Bank Mandiri FY 2025, page 186-201 |
C.2 Quality of Annual ReportDoes the company's annual report disclose the following item : |
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C.2.1 |
Corporate objectives |
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Annual Report of Bank Mandiri FY 2025, page 96-99Annual Report of Bank Mandiri FY 2025, page 270Annual Report of Bank Mandiri FY 2025, page 270-285Sustainability Report of Bank Mandiri FY 2025, page 108-114 |
C.2.2 |
Financial performance indicators |
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Annual Report of Bank Mandiri FY 2025, page 33Annual Report of Bank Mandiri FY 2025, page 34-38Annual Report of Bank Mandiri FY 2025, 72-78Annual Report of Bank Mandiri FY 2025, 280-285Annual Report of bank Mandiri FY 2025, 328-344 |
C.2.3 |
Non-financial performance indicators |
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Annual Report of Bank Mandiri FY 2025, page 34-40Annual Report of Bank Mandiri FY 2025, page 47-51Annual Report of Bank Mandiri FY 2025, page 61-62Annual Report of Bank Mandiri FY 2025, page 280-285Sustainability Report of Bank Mandiri FY 2025, page 220-345 |
C.2.4 |
Dividend policy |
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Bank Mandiri Website - Dividend PolicyAnnual Report of Bank Mandiri FY 2025, page 364-365 |
C.2.5 |
Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners |
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Annual Report of Bank Mandiri Fy 2025, page 126-144Annual Report of Bank Mandiri FY 2025, page 145-164Annual Report of Bank Mandiri FY 2025, page 598-599 |
Corporate Governance Confirmation Statement |
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C.2.6 |
Does the Annual Report contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue? |
Bank Mandiri disclosure and statement that confirming of compliance with code of corporate governance in Annual Report is mentioned in :
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Annual Report of Bank Mandiri FY 2025 page 453-454Annual Report of Bank Mandiri FY 2025, page 455-456Annual Report of Bank Mandiri FY 2025, page 462Annual Report of Bank Mandiri FY 2025, page 463-469Annual Report of Bank Mandiri FY 2025, page 470-479Annual Report of Bank Mandiri FY 2025, page 480-481Annual Report of Bank Mandiri FY 2025, page 481-489 |
C.3 Remuneration of Members of the Board and Key Executives |
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C.3.1 |
Is there disclosure of the fee structure for non-executive directors/commissioners? |
Disclosure of the Company fee structure for Board of Commissioners and Board of Director is mentioned in : Annual Report of Bank Mandiri FY 2025. page 600-606 |
Annual Report of Bank Mandiri FY 2025, page 600-606 |
C.3.2 |
Does the company publicly disclose [i.e. annual report or other publicly disclosed documents] details of remuneration of each non-executive director/commissioner? |
Information of Remuneration of Board of Directors and Board of Commissioners is disclosed in :Annual Report of Bank Mandiri FY 2025, page 603-606 |
Annual Report of Bank Mandiri FY 2025, page 603-606 |
C.3.3 |
Bank Mandiri has diclosed Remuneration policy/ practices for Executive Directors and CEO, as mentioned in : |
Disclosure of the Company fee structure for Board of Commissioners and Board of Director is mentioned in :
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Annual Report of Bank Mandiri FY 2025, page 366-367Annual Report of Bank Mandiri FY 2025, page 600-602Annual Report of Bank Mandiri FY 2025, page 603-606 |
C.3.4 |
Does the company publicly disclose [i.e. annual report or other publicly disclosed documents] the details of remuneration of each of the executive directors and CEO [if he/she is not a member of the Board]? |
Information of Remuneration of Board of Directors and Board of Commissioners is disclosed in :Annual Report of Bank Mandiri FY 2025, page 603-606 |
Annual Report of Bank Mandiri FY 2025, page 603-606 |
C.4 Disclosure of related party transactions (RPT) |
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C.4.1 |
Does the company disclose its policy covering the review and approval of material RPTs? |
Bank Mandiri has disclosed policy that covering the review and approval of material/ significant of related party transaction as follow :
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Transaction Policy with Related PartiesAnnual Report of Bank Mandiri FY 2025, page 369-372Annual Report of Bank Mandiri FY 2025, page 373Annual Report of Bank Mandiri FY 2025, page 1052-1053 |
C.4.2 |
Does the company disclose the name, relationship, nature and value for each material RPTs? |
Bank Mandiri has disclosed information about Realted Parties Transaction as mentioned in :
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Annual Report of Bank Mandiri FY 2025, page 369-372Annual Report of Bank Mandiri FY 2025, page 1337-1351 |
C.5 Directors and commissioners dealings in shares of the company |
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C.5.1 |
Does the company disclose trading in the company's shares by insiders? |
Bank Mandiri has disclosed the information in Annual Report of Bank Mandiri FY 2025 page 185 (Board of Commissioners and Board of Directors Shares Trading) |
Annual Report of Bank Mandiri FY 2025, page 185 |
C.6 External auditor and Auditor Report |
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C.6.1 |
Are the audit and non-audit fees disclosed? |
Bank Mandiri has disclosed the audit and non-audit fees information in the Annual Report of Bank Mandiri FY 2025 page 706-709 (fees for Audit and Other Services) |
Annual Report of Bank Mandiri FY 2025 page 706-709 |
C.6.2 |
Does the non-audit fee exceed the audit fees? |
Bank Mandiri has Disclosed the information about audit fee and non-audit fee provided by Public Accountant in Bank Mandiri Annual Report with clear explanation that the Non Audit fees does not exceed audit fees as mentioned in : For the determination of External Auditor, Bank Mandiri applies the principles of Professional Ethics which are : |
Annual Report of Bank Mandiri FY 2025, page 706-707 |
C.7 Medium of communications |
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C.7.1 |
Quarterly reporting |
Bank Mandiri has submit quarterly reports to Financial Services Authority (OJK), IDX, Ministry of Finance and Ministry of SOEs : Annual Report of Bank Mandiri FY 2025, page 685-686 (Transperancy of Report Submissions - Periodic Reports) |
Annual Report of Bank Mandiri FY 2025, page 685-686 |
C.7.2 |
Company website |
Bank Mandiri uses Company Website as one of Bank Mandiri communication tool, that can be accessed through :www.bankmandiri.co.idAnnual Report of Bank Mandiri FY 2025, page 233 (Information on Bank Mandiri Website) |
Bank Mandiri WebsiteAnnual Report of Bank Mandiri FY 2025, page 233 |
C.7.3 |
Analyst's briefing |
Bank Mandiri prepares Analyst's Meeting as a Communication tool with shareholders and relevant stakehoders that can be accessed through :www.bankmandiri.co.idAnnual Report of Bank Mandiri FY 2025, page 48-51Annual Report of Bank Mandiri FY 2025, page 695-696 |
Bank Mandiri Website - Corporate PresentationsAnnual Report of Bank Mandiri FY 2024, page 48-51 |
C.7.4 |
Media briefings /press conferences |
Bank Mandir uses press release as one of Bank Mandiri communication tool, that can be accessed through :
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Annual Report of Bank Mandiri FY 2025, page 687-693Annual Report of Bank Mandiri FY 2025, page 731 Bank Mandiri Website - Corporate News https://www.bankmandiri.co.id/en/news |
C.8 Timely filing/release of annual/financial reports |
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C.8.1 |
Are the audited annual financial report / statement released within 120 days from the financial year end? |
Bank Mandiri has published audited Financial Statement year 2025 on February 5, 2026 (36 days after financial year end) through Bank Mandiri Website and Newspaper (Kompas and Jakarta Post) |
Bank Mandiri Website - Audited Financialhttps://bankmandiri.co.id/en/web/ir/audited-financialsAnnual Report of Bank Mandiri FY 2025 |
C.8.2 |
Is the annual report released within 120 days from the financial year end? |
Bank Mandiri has published Annual Report FY 2025 Through Bank Mandiri Website and Indonesia Stock Exchange Website on March 31, 2026 (within 120 days from financial year end), and officially determined the Annual Report in GMS on April 29, 2026, as mentioned in :
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Bank Mandiri Website - Annual ReportIDX WebsiteBank Mandiri 2026 AGMS HighlightBank Mandiri letter to Financial Services Authority (OJK) Number CRL.CSC/CMA.1124/2026 |
C.8.3 |
Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company? |
Statement of Accountability for Bank Mandiri annual financial statement and annual report is affirmed by the Board as mentioned in :
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Annual Report of Bank Mandiri FY 2025, page 82-83Annual Report of Bank Mandiri FY 2025, page 929 |
C.9 Company website |
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C.9.1 |
Financial statements/reports (latest quarterly) |
Bank Mandiri has disclosed the latest quarterly financial statements/ Reports on Bank Mandiri Website |
Bank Mandiri Website - Quarterly Financial |
C.9.2 |
Materials provided in briefings to analysts and media |
Bank Mandiri has disclosed the informastion/ materials provided in analyst's Meeting available in Bank Mandiri Website |
Bank Mandiri Website - Corporate Presentations |
C.9.3 |
Downloadable annual report |
Bank Mandiri disclosed Annual Report in bank Mandiri Website that be accessed easily and downloadble |
Bank Mandiri Website - Annual Report |
C.9.4 |
Notice of AGM and/or EGM |
Bank Mandiri has disclosed Summons for the AGMS and the EGMS in Bank Mandiri Website |
Bank Mandiri Website - AGM 2026Announcement AGMS 2026Bank Mandiri Website - EGM 2025Announcement EGMS Aug 2025 |
C.9.5 |
Minutes of AGM and/or EGM |
Bank Mandiri has disclosed Minutes of AGMS and EGMS in Bank Mandiri Website |
Bank Mandiri Website - AGMDeed Minutes AGMS 2026Deed Minutes AGMS 2025Bank Mandiri Website - EGMDeed Minutes EGMS Aug 2025 |
C.9.6 |
Company's constitution (company's by-laws, memorandum and articles of association) |
Bank Mandiri has disclosed Articles of Association of the Company in Bank Mandiri WebsiteBank Mandiri Website - Good Corporate Governance Menu - Governance Structure - Article of Association |
Bank Mandiri Website - Article of AssociationArticles Of Association |
C.10 Investor relations |
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C.10.1 |
Does the company disclose the contact details (e.g. telephone, fax, and email) of the officer / office responsible for investor relations? |
Bank Mandiri has disclosed detail contact of Investor Relations Unit as mentioned in :
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Bank Mandiri Website - Contact Us https://www.bankmandiri.co.id/en/helpAnnual Report of Bank Mandiri FY 2025, page 694-695Annual Report of Bank Mandiri FY 2025, page 731 |
D. Responsibilities of the Board
D. Responsibilities of the Board
|
Part |
Items |
BMRI Practice Year 2024 |
Source Information |
|---|---|---|---|
D.1 Board Duties and ResponsibilitiesClearly defined board responsibilities and corporate governance policy |
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D.1.1 |
Does the company disclose its corporate governance policy / board charter? |
Bank Mandiri has disclosed informarmation of Corporate Governance Policy/ board Charter as mentioned in :
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Annual Report of Bank Mandiri FY 2025 page 525-552Annual Report of Bank Mandiri FY 2025, page 609-648
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D.1.2 |
Are the types of decisions requiring board of directors/commissioners' approval disclosed ? |
Actions taken by Board of Directors subject to written approval from Board of Commissioners as included in Article of Association of Bank Mandiri FY 2025, Article 12, point 8 . Decision that need to be approved by the Board of Commissioners of Bank Mandiri also disclosed in Annual Report of Bank Mandiri FY 2025, page 529 (Decision Requiring the Approval of the Board of Commissioners) |
Article Of Association Article 12 point 8Annual Report of Bank Mandiri FY 2025, page 529 |
D.1.3 |
Are the roles and responsibilities of the board of directors/commissioners clearly stated ? |
Duties and responsibilities of Board of Directors and Board of Commissioners are clearly stated in :
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Annual Report of Bank Mandiri FY 2025, page 523-530Annual Report of Bank Mandiri FY 2025, page 607-612 |
Corporate Vision/Mission |
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D.1.4 |
Does the company have an updated vision and mission statement? |
Vision and mission of Bank Mandiri are included in the Annual Report of Bank Mandiri FY 2025, page 96-99 (Vision, Mission & Corporate Culture) |
Annual Report of Bank Mandiri FY 2025 page 96-99 |
D.1.5 |
Does the board directors play a leading role in the process of developing and reviewing the company’s strategy at least annually? |
Board of Directors has significant role in company to review company strategy at leats annually :
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Article of Association, article 18 section 1Annual Report of Bank Mandiri FY 2025, page 97Annual Report of Bank Mandiri FY 2025, page 646 |
D.1.6 |
Does the board of directors have a process to review, monitor and oversee the implementation of the corporate strategy? |
Board of Directors have a process to review, monitor and oversee the implementation of the corporate strategy :
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Annual Report of Bank Mandiri FY 2025, page 73-74Annual Report of Bank Mandiri FY 2025, page 97Annual Report of Bank Mandiri FY 2025, page 645-646 |
D.2 Board Structure Code of Ethics or Conduct |
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D.2.1 |
Are the details of the code of ethics or conduct disclosed? |
Details regarding Code of Conduct are disclosed in :
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Annual Report of Bank Mandiri FY 2025, page 732-738Code of Conduct - Bank Mandiri Websitehttps://bankmandiri.co.id/en/web/gcg/governance-structure |
D.2.2 |
Does the company disclose that all directors/commissioners, senior management and employees are required to comply with the code ? |
All Board of Commissioner, Board of Directors and employees of Bank Mandiri must comply with the Bank Mandiri Code of conduct as mentioned in : Annual Report of Bank Mandiri FY 2025, page 736 (Compliance to Code of Conduct) |
Annual Report of Bank Mandiri FY 2025, page 736 |
D.2.3 |
Does the company have a process to implement and monitor compliance with the code/s of ethics or conduct? |
Bank Mandiri mechanism and tools in order to implement and monitor compliance with the Code of conduct as mentioned in :Annual Report of Bank Mandiri FY 2025, page 736 (Compliance to Code of Conduct) and page 736-737 (Code of Conduct Implementation and enforcement |
Annual Report of Bank Mandiri FY 2025, page 736 |
Board Structure & Composition |
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D.2.4 |
Do independent directors/commissioners make up at least 50% of the board of directors/commissioners? |
Based on AGMS decision held on 29 April 2026, Number of independent Commissioners Bank Mandiri is 50% of the Total Bank Mandiri Board of Commissioners as identified in : Bank Mandiri 2026 AGMS Result (Tenth Agenda) |
Bank Mandiri 2026 AGMS Result |
D.2.5 |
Does the company have a term limit of nine years or less or 2 terms of five years each for its independent directors/ commissioners?1 The five years term must be required by legislation which pre-existed the introduction of the ASEAN Corporate Governance Scorecard in 2011 |
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Article of Association of Bank Mandiri FY 2025, article 11, point 10Article of Association of Bank Mandiri FY 2025, article 14, section 10Annual Report of bank Mandiri FY 2025, page 529-530Annual Report of Bank Mandiri FY 2025, page 611-612 |
D.2.6 |
Has the company set a limit of five board seats that an individual independent/non-executive director/commissioner may hold simultaneously? |
Bank Mandiri regulates the concurrent position for Board of Commissioners and Board of Directors based on applicable laws and regulations as mentioned in :
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Article of Association of Bank Mandiri FY 2025, article 11 Point 20Article of Association of bank Mandiri FY 2025, article 14 point 20Annual Report of Bank Mandiri FY 2025, page 534-535Annual Report of Bank Mandiri FY 2025, page 612-613 |
D.2.7 |
Does the company have any executive directors who serve on more than two boards of listed companies outside of the group? |
None of the Board of Directors members having double position in other Companies/ Institutions as stated in :
|
Article of Associaion of Bank Mandiri FY 2025, article 11 point 20 & 21Annual Report of Bank Mandiri FY 2025, page 612-616Annual Report of Bank Mandiri FY 2025, page 617-618 |
Nominating Committee |
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D.2.8 |
Does the company have a Nominating Committee ? |
Bank Mandiri have Remuneration and Nomination Committee as Committee to assissting the Board of Commissioners in its oversight functions and ensure the objective, efficient, and effective execution of the nomination and remuneration determination processes for strategic management positions :
|
Bank Mandiri Website https://bankmandiri.co.id/en/web/gcg/governance-structureAnnual Report of Bank Mandiri FY 2025, page 566-574 |
D.2.9 |
Is the Nominating Committee comprised of a majority of independent directors/commissioners? |
Composition of members of Remuneration and Nomination Committee of Bank Mandiri is comply with the Regulation of Financial Services Authority (OJK) POJK No. 17 2023 regarding Implementation of Good Corporate Governance for Commercial Bank. The composition of Remuneration and Nomination is mentioned in :Annual report of Bank Mandiri FY 2025, page 566-567 |
Annual Report of Bank Mandiri FY 2025, page 566-574 |
D.2.10 |
Is the chairman of the Nominating Committee an independent director/commissioner? |
The Chairman of the Remuneration and Nomination Committee of Bank Mandiri is Mr. Zulkifli Zaini, President Commissioners and Independent Commissioner of Bank Mandiri as indentified in : Board of Commisioners Committee - Committee Composition (Bank Mandiri Website) |
Good Corporate Goverance menu - Governance Structure - Board of Comissionaires Committee - Committee Compositionhttps://www.bankmandiri.co.id/en/web/gcg/governance-structureAnnual Report of Bank Mandiri FY 2025, page 567 |
D.2.11 |
Does the company disclose the terms of reference/governance structure/charter of the Nominating Committee? |
Bank Mandiri has disclosed Nomination Committee Charter through :
|
Bank Mandiri Website https://bankmandiri.co.id/en/web/gcg/governance-structureAnnual Report of Bank Mandiri FY 2025, page 566-568Annual Report of Bank Mandiri FY 2025, page 566-574 |
D.2.12 |
Is in the meeting attendance of the Nominating Committee disclosed and if so, did the Nominating Committee meet at least twice during the year? |
Related to nomination function, the highlight of duties and responsibilities of Remuneration and Nomination is as follows :
In line with the description of duties and responsibilities for nomination function as explained above, Bank Mandiri has disclosed that Remuneration and Nomination Committee held meeting spesifically for Nomination Agenda more than twice in 2025 as as reflected in information of meeting agenda as follow :
|
Annual Report of Bank Mandiri FY 2025, page 568 |
Remuneration Committee/ Compensation Committee |
|||
D.2.13 |
Does the company have a Remuneration Committee? |
Bank Mandiri have Remuneration and Nomination Committee as Committee to assissting the Board of Commissioners in its oversight functions and ensure the objective, efficient, and effective execution of the nomination and remuneration determination processes for strategic management positions :
|
Bank Mandiri Website https://bankmandiri.co.id/en/web/gcg/governance-structureAnnual Report of Bank Mandiri FY 2025, page 566-574 |
D.2.14 |
Is the Remuneration Committee comprised entirely of non-executive directors/commissioners with a majority of independent directors/commissioners ? |
Composition of members of Remuneration and Nomination Committee of Bank Mandiri is comply with the Regulation of Financial Services Authority (OJK) POJK No. 17 2023 regarding Implementation of Good Corporate Governance for Commercial Bank. The composition of Remuneration and Nomination is mentioned in : Annual report of Bank Mandiri FY 2025, page 566-567 |
Annual Report of Bank Mandiri FY 2025, page 566-567 |
D.2.15 |
Is the chairman of the Remuneration Committee an independent director/commissioner? |
The Chairman of the Remuneration and Nomination Committee of Bank Mandiri is Mr. Zulkifli Zaini , President Commissioners and Independent Commissioner of Bank Mandiri as indentified in : Board of Commisioners Committee - Committee Composition (Bank Mandiri Website) and Annual Report Bank Mandiri FY 2025 page 567 |
Good Corporate Goverance menu - Governance Structure - Board of Comissionaires Committee - Committee Compositionhttps://www.bankmandiri.co.id/en/web/gcg/governance-structureAnnual Report of Bank Mandiri FY 2025, page 567 |
D.2.16 |
Does the company disclose the terms of reference/ governance structure/ charter of the Remuneration Committee? |
Bank Mandiri has disclosed Remuneration Committee Charter through :
|
Bank Mandiri Website https://bankmandiri.co.id/en/web/gcg/governance-structureAnnual Report of Bank Mandiri FY 2025, page 566-574 |
D.2.17 |
Is the meeting attendance of the Remuneration Committee disclosed and, if so, did the Remuneration Committee meet at least twice during the year? |
Related to Remuneration function, the highlight of duties and responsibilities of Remuneration and Nomination is as follows :
In line with the description of duties and responsibilities for nomination function as explained above, Bank Mandiri has disclosed that Remuneration and Nomination Committee held meeting spesifically for Nomination Agenda more than twice in 2025 as as reflected in information of meeting agenda as follow :
|
Annual Report of Bank Mandiri FY 2025, page 568-569Annual Report of Bank Mandiri FY 2025, page 571 |
Audit Committee |
|||
D.2.18 |
Does the company have an Audit Committee? |
Bank Mandiri has Audit committee as disclosed in :
|
Bank Mandiri Website https://bankmandiri.co.id/en/web/gcg/governance-structureAnnual Report of Bank Mandiri FY 2025, page 556-565 |
D.2.19 |
Is the Audit Committee comprised entirely of non-executive directors/commissioners with a majority of independent directors/commissioners? |
All members of Audit Committee is Independent Commissioners and Independent Parties, as disclosed in :
|
Bank Mandiri Website https://bankmandiri.co.id/en/web/gcg/committee-compositionAnnual Report of Bank Mandiri FY 2025, page 556-567 |
D.2.20 |
Is the chairman of the Audit Committee an independent director/commissioner? |
The Chairman of the Audit Committee of Bank Mandiri is , Independent Commissioner of Bank Mandiri as indentified in :
|
Bank Mandiri Website https://bankmandiri.co.id/en/web/gcg/committee-compositionAnnual Report of Bank Mandiri FY 2025, page 556-557 |
D.2.21 |
Does the company disclose the terms of reference/governance structure/charter of the Audit Committee? |
Bank Mandiri has disclosed Audit Committee Charter through :
|
Bank Mandiri Website https://bankmandiri.co.id/en/web/gcg/governance-structureAnnual Report of Bank Mandiri FY 2025, page 558-561 |
D.2.22 |
Does at least one of the independent directors/commissioners of the committee have accounting expertise (accounting qualification or experience)? |
|
Bank Mandiri Website https://bankmandiri.co.id/en/web/gcg/governance-structureAnnual Report of Bank Mandiri FY 2025, page 561-562 |
D.2.23 |
Is the meeting attendance of the Audit Committee disclosed and, if so, did the Audit Committee meet at least four times during the year? |
Meeting agenda, frequencies and attendance of Audit Committee has disclosed in the Annual report of Bank Mandiri. In 2025, Audit Committee has held 23 (twenty three) meeting as disclosed in :
|
Annual Report of Bank Mandiri FY 2025, page 562-563Annual Report of Bank mandiri FY 2025, page 56. |
D.2.24 |
Does the Audit Committee have primary responsibility for recommendation on the appointment, and removal of the external auditor? |
Bank Mandiri Audit Committee have primary responsibility to provide recommendation o the Board of Commissioners on Appointment of Public Accountant (AP) and Public Accounting Firm (KAP) also termination of AP and KAP as disclosed in : Annual Report of Bank Mandiri FY 2025, 559-560 (Duties and Responsibilities of the Audit Committee, poin 2. Internal Control, sub poin c. external Audit) |
Annual report of Bank Mandiri FY 2025, page 558-561Annual Report of Bank Mandiri FY 2025, page 556-565 |
D.3 Board Processes
|
|||
D.3.1 |
Are the board of directors meeting scheduled before the start of financial year? |
Board of Directors has scheduled meeting for the following year before end of each fiscal year, as detailed in:
|
Annual Report of Bank Mandiri FY 2025, page 628-646Charter of Board of Director |
D.3.2 |
Does the board of directors/commissioners meet at least six times during the year? |
in 2025, the frequency meeting of the Board of Directors and Board of Commissioners as follow :
|
Annual Report of Bank Mandiri FY 2024, page 771-790Annual Report of Bank Mandiri FY 2025, page 626-643 |
D.3.3 |
Has each of the directors/commissioners attended at least 75% of all the board meetings held during the year? |
The attendance of each Board of Directors and Board of Commissioners in meeting is exceed 75% of all the Board meeting held during year as disclosed in :
|
Annual Report of Bank Mandiri FY 2025, page 542-544Annual Report of Bank Mandiri FY 2025, page 642-643 |
D.3.4 |
Does the company require a minimum quorum of at least 2/3 for board decisions? |
The Board of Directors The Board of Directors Meetings are legal and have the right to make binding decisions when attended or represented by more than 2/3 of members of the Board of Directors : Annual Report of Bank Mandiri FY 2025, page 626-627 (Board of Directors Meetings) Meetings of the Board of Commissioners and joint Meetings with the Board of Directors are held if attended by the majority of the Board of Commissioners members. Decisions in meetings of the Board of Commissioners must first be made based on deliberation for consensus. If consensus cannot be reached, decisions are made by Annual Report of Bank Mandiri FY 2025, page 541-542 (Board Of Commissioners Meeting |
Annual Report of Bank Mandiri FY 2025, page 626-627Annual Report of Bank Mandiri FY 2025, page 541-542 |
D.3.5 |
Did the non-executive directors/commissioners of the company meet separately at least once during the year without any executives present? |
Bank Mandiri regulated that The Board of Commissioners meeting as follow :
|
Annual Report of Bank Mandiri FY 2025, page 541Annual Report of Bank Mandiri FY 2025, page 626-627Annual Report of Bank Mandiri FY 2025, page 542-543Annual Report of Bank Mandiri FY 2025, page 627-642 |
Access to information |
|||
D.3.6 |
Are board papers for board of directors/commissioners meetings provided to the board at least five business days in advance of the board meeting? |
Material for the Board of Commissioners Meeting shall be distributed to all meeting participant at the latest of 5 (five) business days prior to the meeting, as mentionded in : Annual Report of Bank Mandiri FY 2025, page 626-627 (Board of Directors Meeting) Material for the Board of Directors Meeting shall be delivered to all participants 5 (five) working days prior to the meeting, as mentioned in Annual Report of Bank Mandiri FY 2025, page 541-542 (Board of Commissioners Meetings |
Annual Report of Bank Mandiri FY 2025, page 541-542Annual Report of Bank Mandiri FY 2025, page 626-627Annual Report of Bank Mandiri FY 2025, page 640-544Annual Report of Bank Mandiri FY 2025 page 626-643 |
D.3.7 |
Does the company secretary play a significant role in supporting the board in discharging its responsibilities? |
Corporate Secretary holds significant role to support the management in carrying out its responsibilities. Annual Report of Bank Mandiri FY 2025, page 678-693 (Corporate Secretary) |
Annual Report of Bank Mandiri FY 2025, oage 678-693 |
D.3.8 |
Is the company secretary trained in legal, accountancy or company secretarial practices and has kept abreast on relevant developments? |
Corporate Secretary Competence Development and Educational program is mentioned in :
|
Annual Report of Bank Mandiri FY 2025, page 243-244Annual Report of Bank Mandiri FY 2025, page 681 |
Board Appointments and Re-Election |
|||
D.3.9 |
Does the company disclose the criteria used in selecting new directors/commissioners? |
Bank Mandiri has disclosed the criteria used in selection of Board of Directors/ Board of Commissioners in the Annual Report and Website of Bank Mandiri, as mentioned under :
|
Annual Report of Bank Mandiri FY 2025, page 530-531Annual Report of Bank Mandiri FY 2025, page 573Board of Commissioners Selection Criteria (website)Board of Directors Selection Criteria (website) |
D.3.10 |
Did the company describe the process followed in appointing new directors/commissioners? |
Bank Mandiri has disclosed process for appointment of Board of Directors and Board of Commissioners as mentioned in :
|
Annual Report of Bank Mandiri FY 2025, page 530-531Annual Report of Bank Mandiri FY 2025, page 612-614 |
D.3.11 |
Are all directors/commissioners subject to re-election every 3 years; or 5 years for listed companies in countries whose legislation prescribes a term of 5 years2 each? 2 The five years term must be required by legislation which pre-existed the introduction of the ASEAN Corporate Governance Scorecard in 2011 |
Term of office for members of Board of Commissioners and Board of Directors at maximum 5 years and may be reappointed by GMS for another 1 (one) term of office as mentioned in :
|
Article of Association of Bank Mandiri FY 2025, Article 11, point 10Article of Association of Bank Mandiri FY 2025, Article 14, point 10Financial Services Authority (OJK) Regulation No. 17 2023 Chapter 6Financial Services Authority (OJK) Regulation No. 17 2023 Chapter 35 Annual Report of Bank Mandiri FY 2025, page 529-530Annual Report of Bank Mandiri FY 2025, page 611-612 |
Remuneration Matters |
|||
D.3.12 |
Do the shareholders or the Board of Directors approve the remuneration of the executive directors and/or the senior executives? |
Shareholders approved remuneration for the Board of Directors and Board of Commissioners as mentioned in :
|
Bank Mandiri 2026 AGMS Result - Third AgendaAnnual Report of Bank Mandiri FY 2025, page 496Annual Report of Bank Mandiri FY 2025, page 517 |
D.3.13 |
Does the company have measurable standards to align the performance-based remuneration of the executive directors and senior executives with long-term interests of the company, such as claw back provision and deferred bonuses? |
Company have measurable standards to align the performance based remuneration as disclosed in :
|
Annual Report of Bank Mandiri FY 2025, page 600-602Annual Report of Bank Mandiri FY 2025, page 602-603Annual Report of Bank Mandiri FY 2025, page 605-606 |
Internal Audit |
|||
D.3.14 |
Does the company have a separate internal audit function? |
Bank Mandiri have separate internal audit function :
|
Annual Report of Bank Mandiri FY 2025, page 697-705 |
D.3.15 |
Is the head of internal audit identified or, if outsourced, is the name of the external firm disclosed? |
Bank Mandiri disclosed the profile of head Internal Audit as mentioned in :
|
Annual Report of Bank Mandiri FY 2025, page 697-705 |
D.3.16 |
Does the appointment and removal of the internal auditor require the approval of the Audit Committee? |
The Chief Audit Executive is appointed and dismissed and is directly responsible to the President Director with theapproval of the Board of Commissioners by considering the Audit Committee recommendations and subsequently reported to the OJK. Annual Report of Bank Mandiri FY 2025, page 700 (Parties in Charge of the Appointment and Dismissal of the Head of Internal Audit) |
Annual Report of Bank Mandiri FY 2025, page 700 |
Risk Oversight |
|||
D.3.17 |
Does the company establish a sound internal control procedures/risk management framework and periodically review the effectiveness of that framework? |
Bank Mandiri has established Risk Management Framework and Internal Control. Risk Management Framework and Internal Control System is also periodically reviewed as disclosed in :
|
Annual Report of Bank Mandiri FY 2025, page 710-713Annual Report of Bank Mandiri FY 2025, page 769-773 |
D.3.18 |
Does the Annual Report/Annual CG Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems? |
Bank Mandiri has established Risk Management Framework and Internal Control. Risk Management Framework and Internal Control System is also periodically reviewed as disclosed in :
|
Annual Report of Bank Mandiri FY 2025, page 711-712Annual Report of Bank Mandiri FY 2025, page 711-713 Annual Report of Bank Mandiri FY 2025, page 713 Annual Report of Bank Mandiri FY 2025, page 713 Annual Report of Bank Mandiri FY 2025, page 722 |
D.3.19 |
Does the company disclose the key risks to which the company is materially exposed to (i.D. financial, operational including IT, environmental, social, economic)? |
Bank Mandiri has disclosed Company key risk as mentioned in :
|
Annual Report of Bank Mandiri FY 2025, page 776-789Annual Report of Bank Mandiri FY 2025, page 444-449 |
D.3.20 |
Does the Annual Report/Annual CG Report contain a statement from the board of directors/commissioners or Audit Committee commenting on the adequacy of the company's internal controls/risk management systems? |
Statement of Audit Committee on Effectiveness of Internal Control Systems and Risk Management : The internal control system conducted by Bank Mandiri is considered effective and proper, reflected in the implementation of internal control functions, i.e. internal audit, risk management, compliance, financial and operational control functions.
|
Annual Report of Bank Mandiri FY 2025, page 565 |
D.4 People on the BoardBoard Chairman |
|||
D.4.1 |
Do different persons assume the roles of chairman and CEO? |
Positions of President Director and President Commissioner of Bank Mandiri held by different persons. In 2025, position of President Director is held by Mr. Riduan that appointed in EGM August 4 2025 and President Commissioner is held by Mr. Zulkifli Zaini that appointed in EGM 19 December 2025. as stated in :
|
Annual Report of Bank Mandiri FY 2025, page 126-144Annual Report of Bank Mandiri FY 2025, page 145-164 |
D.4.2 |
Is the chairman an independent director/commissioner? |
President Commissioner of Bank Mandiri is an Independent Commissioner.
|
Annual Report of Bank Mandiri FY 2025, page 126-144Bank Mandiri December 2025 EGMS Result |
D.4.3 |
Is any of the directors a former CEO of the company in the past 2 years? |
No Board Directors previously positioned as President Director in the last 2 (two) years, as disclosed in :Annual report of Bank Mandiri FY 2025, page 145-164 (Profile of the Board of Directors) |
Annual Report of Bank Mandiri FY 2025, page 145-164 |
D.4.4 |
Are the role and responsibilities of the chairman disclosed? |
Bank Mandiri has disclosed Duties and Responsibilities of President CommissionerAnnual Report of Bank Mandiri FY 2025, page 526-528 (Duties and Responsibilities of President Commissioner) |
Annual Report of Bank Mandiri FY 2025, page 526-528 |
Lead Independent Director |
|||
D.4.5 |
If the Chairman is not independent, has the board appointed a lead/senior independent director and has/his role been definited ? |
President Commissioner of Bank Mandiri is an Independent Commissioner, as disclosed in :
|
Annual Report of Bank Mandiri FY 2025, page 126-144Bank Mandiri December 2025 EGMS Result |
Skills and Competencies |
|||
D.4.6 |
Does at least one non-executive director/commissioner have prior working experience in the major sector that the company is operating in? |
More than one members of Board of Directors and Board of Commissioners have working experiences in banking sector, as mentioned under:
|
Annual Report of Bank Mandiri FY 2025, page 124-144Annual Report of Bank Mandiri FY 2025, page 145-164Annual Report of Bank Mandiri FY 2025, page 598-599 |
D.5 Board PerformanceDirectors Development |
|||
D.5.1 |
Does the company have orientation programmes for new directors/commissioners? |
Bank Mandiri has disclosed orientation program for the new Board of Directors and Board of Commissioners :
|
Annual Report of Bank Mandiri FY 2025, page 540Annual Report of bank Mandiri FY 2025, page 618-624 |
D.5.2 |
Does the company have a policy that encourages directors/commissioners to attend on-going or continous professional education programmes ? |
Bank Mandiri has determined policies encouraging Management to join professional education programs.
|
Annual Report of Bank Mandiri FY 2025, page 234-236Annual Report of Bank Mandiri FY 2025, page 237-238 |
CEO/Executive Management Appointments and Performance |
|||
D.5.3 |
Does the company disclose the process on how the board of directors/commissioners plans for the succession of the CEO/Managing Director/President and key management? |
Bank Mandiri has disclosed planning process carried out by Board of Directors and Board of Commissioners related to succession of President Director and other members of Board of Directors, as mentioned in :Annual Report of Bank Mandiri FY 2025, page 572-574 (Board of Directors Succession Policy) |
Annual Report of Bank Mandiri FY 2025, page 572-574 |
D.5.4 |
Does the board of directors/commissioners conduct an annual performance assessment of the CEO/Managing Director/President? |
An evaluation of the Board of Directors’ performance is based on the achievement (KPI) previously agreed through the GMS mechanism by the Shareholders, the Board of Commissioners, and the Board of Directors.
|
Annual Report of Bank Mandiri FY 2025, page 60Annual Report of Bank Mandiri FY 2025, page 549-551Annual Report of Bank Mandiri FY 2025, page 646-648 |
Board Appraisal |
|||
D.5.5 |
Did the company conduct an annual performance assessment of the board of directors/commissioners and disclose the criteria and process followed for the assessment? |
Bank Mandiri has disclosed the criteria used in performance assessment for Board of Directors and Board of Commissioners in the Annual Report of Bank Mandiri :
|
Annual Report of Bank Mandiri FY 2025, page 60Annual Report of Bank Mandiri FY 2025, page 549-551Annual Report of Bank Mandiri FY 2025 page 646-648 |
Director Appraisal |
|||
D.5.6 |
Did the company conduct an annual performance assessment of the individual directors/commissioners and disclose the criteria and process followed for the assessment? |
Bank Mandiri has disclosed the criteria used in performance assessment for Board of Directors and Board of Commissioners.
|
Annual Report of Bank Mandiri FY 2025, page 60Annual Report of Bank Mandiri FY 2025, page 549-551Annual Report of Bank Mandiri FY 2025, page 646-648 |
Committee Appraisal |
|||
D.5.7 |
Did the company conduct an annual performance assessment of the board committees and disclose the criteria and process followed for the assessment? |
Bank Mandiri conduct an annual performance assessment of the Board Committees and disclose the criteria and process in the Annual Report
|
Annual Report of Bank Mandiri FY 2025, page 551-552Annual Report of Bank Mandiri FY 2025, page 648 |
Level 2 - Bonus Items
Level 2 - Bonus Items
|
Part |
Items |
BMRI Practice Year 2024 |
Source Information |
|---|---|---|---|
(B)A. Right of Shareholder |
|||
(B)A.1 Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting procedures, that govern general shareholders meeting. |
|||
(B)A.1.1 |
Does the company practice secure electronic voting in absentia at the general meetings of shareholders? |
Voting procedure in General Meeting of Shareholders is performed by cards and Electronic Voting
|
Bank Mandiri 2026 AGMS AnnouncementBank Mandiri 2026 AGMS InvitationBank Mandiri 2026 AGMS Code of Conduct Bank Mandiri 2025 EGMS Announcement Bank Mandiri 2025 EGMS Invitation Bank Mandiri 2025 EGMS Code Of Conduct
|
(B)A.2 Equitable treatment of shareholders |
|||
(B)A.2 Notice of AGM |
|||
(B)A.2.1 |
Does the company release its notice of AGM (with detailed agendas and explanatory circulars), as announced to the Exchange, at least 28 days before the date of the meeting? |
|
Bank Mandiri 2026 AGMS AnnouncementBank Mandiri 2026 AGMS Invitation Bank Mandiri 2026 AGMS Code of Conduct |
(B)B. Sustainability and Resilience |
|||
(B)B.1.1 |
Does the company disclose how it manages climate-related risks and opportunities? |
Bank Mandiri diclose how to manages climate - related risk and opportunities as mentioned in :
|
Sustainability Report of Bank Mandiri FY 2025, page 136Sustainability Report of Bank Mandiri FY 2025, page 146-160Sustainability Report of Bank Mandiri FY 2025, page 162Sustainability Report of Bank Mandiri FY 2025, page 160-163 |
(B)B.1.2 |
Does the company disclose that its Sustainability Report / Sustainability Reporting is externally assured? |
Bank Mandiri Sustainability Report is assured by independent, competent and qualified assurance as disclosed in :
|
Sustainability Report of Bank Mandiri FY 2025, page 40Sustainability Report of Bank Mandiri FY 2025, page 449-450Sustainability Report of Bank Mandiri FY 2025, page 451 Sustainability Report of Bank Mandiri FY 2025, page 462-463 |
(B)B.1.3 |
Does the company disclose the engagement channel with stakeholder groups and how the company responds to stakeholders’ ESG concerns? |
Bank Mandiri disclose the engagement channel for stakeholder to give feedback and concern about ESG matters as disclosed in :
|
Sustainability Report of Bank Mandiri FY 2025, page 40Sustainability Report of Bank Mandiri FY 2025, page 448Bank Mandiri Website - ESG-contact & info
|
(B)B.1.4 |
Does the company have a unit / division / committee who is specifically responsible to manage the sustainability matters? |
Bank Mandiri have specific unit as control tower for ESG matters called ESG Group as disclosed in :
|
Sustainability Report of Bank Mandiri FY 2025, page 70-74Annual Report of Bank Mandiri FY 2025, page 888-889Bank Mandiri Website - ESG-gcg-structure
|
(B)B.1.5 |
Does the company disclose board of directors/commissioners' oversight of sustainability-related risks and opportunities? |
Bank Mandiri has disclosed the Board of Directors and Board of Commissioners oversight on sustainability-related risks and opportunities as mentioned in :
|
Annual Report of Bank Mandiri FY 2025, page 786-790Sustainability Report of Bank Mandiri FY 2025, page 74Sustainability Report of Bank Mandiri FY 2025, page 19 |
(B)B.1.6 |
Does the company disclose the linkage between executive directors and senior management remuneration and sustainability performance for the previous year? |
There is linkage between determination of Remuneration and ESG Risk in the company as identified as follow :
|
Sustainability Report of Bank Mandiri FY 2025 page 51-52Sustainability Report of Bank Mandiri FY 2025, page 64 |
(B)B.1.7 |
Is the company’s Whistle Blowing System managed by independent parties / institutions? |
Bank Mandiri Whistleblowing system is managed by independent party (PT. Deloitte Advis Indonesia) as disclosed in :
|
Sustainability Report of Bank Mandiri FY 2025, page 89-90Annual Report of Bank Mandiri FY 2025, page 745-749Annual Report of Bank Mandiri FY 2025, page 880 |
(B)C. Disclosure and transparency |
|||
(B)C.1 Quality of Annual report |
|||
(B)C.1.1 |
Are the audited annual financial report /statement released within 60 days from the financial year end? |
Bank Mandiri has published audited Financial Statement year 2025 on February 5, 2026 (36 days after financial year end) through Bank Mandiri Website and Newspaper |
Bank Mandiri Website - Audited Financial 2025https://bankmandiri.co.id/en/web/ir/audited-financialsAnnual Report of Bank Mandiri FY 2025, page 927-1464 |
(B)D. Responsibilities of the Board |
|||
(B)D.1 Board Competencies and Diversity |
|||
(B)D.1.1 |
Does the company have at least one female independent director/commissioner? |
In 2025 until now, Bank Mandiri have 1 (one) female independent commissioner, namely ia Amiati as identified in Annual Report of Bank Mandiri FY 2025, page 126-144
|
Bank Mandiri Website - Board of Commissioners
|
(B)D.1.2 |
Does the company have a policy and disclose measurable objectives for implementing its board diversity and report on progress in achieving its objectives? |
Bank Mandiri Diversity Of The Board Of Commissioners And Directors policies has disclosed in Annual Report of Bank Mandiri FY 2025. page 598-599 (Diversity Policy of the Board of Commissioners and Directors) |
Annual Report of Bank Mandiri FY 2025, page 598-599 |
(B)D.2 Board Structure |
|||
(B)D.2.1 |
Does the Nominating Committee comprise entirely of independent directors/ commissioners? |
Composition of members of the Independent Commissioners under Nomination Committee as of 31 December 2025 is 3 (three) person from 8 (eight) members of Nomination and Remuneration Committee. The Composition also comply with Indonesia Financial Services Authority Regulation (OJK regulation) Number 17 2023 regarding Implementation of Good Corporate Governance for Commercial Banks (Annual Report of Bank Mandiri FY 2025, page 566-567). |
Annual Report of Bank Mandiri FY 2025, page 566-567 |
(B)D.2.2 |
Does the Nominating Committee undertake the process of identifying the quality of directors aligned with the company's strategic directions? |
|
Bank Mandiri Website - Remuneration & Nomination Committee Charter
|
(B)D.3 Board Appointments and Re-Election |
|||
(B)D.3.1 |
Does the company use professional search firms or other external sources of candidates (such as director databases set up by director or shareholder bodies) when searching for candidates to the board of directors/commissioners? |
the Ministry of State Owned Enterprises (SOEs) will evaluate the list of top talents and assign one of the institutions organizing the talent assessment of the Directors of the Ministry of SOEs. The candidates that obtain recommendations from the Assessor Service Company will be reported by the Remuneration and Nomination Committee to the Board of Commissioners as the candidates for submission to the GMS. Annual Report of Bank Mandiri FY 2025, page 572-574 |
Annual Report of Bank Mandiri FY 2025, page 572-574 |
(B)D.4 Board Structure & Composition |
|||
(B)D.4.1 |
Do independent non-executive directors/ commissioners make up more than 50% of the board of directors/commissioners for a company with independent chairman? |
Bank Mandiri's Board of Commissioners currently consists of six (6) members, with three (3) Independent Commissioners, representing 50% of the total Board composition. This composition also complies with the requirements stipulated under Financial Services Authority Regulation (OJK Regulation) No. 17 of 2023 on the Implementation of Governance for Commercial Banks. |
Bank Mandiri AGMS Result Page 9 |
(B)D.5 Risk Oversight |
|||
(B)D.5.1 |
Does the company disclose that its Board identified key risk in relation to information technology including disruption, cyber security, and disaster recovery, to ensure that such risks are managed and integrated into the overall risk management framework? |
Bank Mandiri has disclosed the Boards seriousness and involvement in identified key risk related to information technology as identified in :
|
Annual Report of Bank Mandiri FY 2025, page 442-443Annual Report of Bank Mandiri FY 2025, page 444-446Annual Report of Bank Mandiri FY 2025 page 659-662Sustainability Report of Bank Mandiri FY 2025, page 241-281 |
(B)D.6 Board Performance |
|||
(B)D.6.1 |
Does the company have a separate board level Risk Committee? |
Bank Mandiri have separate Board level risk Committee as follow :
Details information regarding Bank Mandiri Risk Committee under BOC and BOD is disclosed in : Annual Report of Bank Mandiri FY 2025 pages 134-125, 481-482, 575-583, 668-670, 662-664 |
Annual Report of Bank Mandiri FY 2025, page 124-125Annual Report of Bank Mandiri FY 2025, page 481-482Annual Report of Bank Mandiri FY 2025, page 575-583Annual Report of Bank Mandiri FY 2025, page 668-670Annual Report of Bank Mandiri FY 2025, page 662-664 |
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