The Company conducts its business activities responsibly, ethically and in compliance with prevailing rules and regulations in Indonesia. Lonsum’s Good Corporate Governance policies were developed in line with the Indonesian laws and regulations, the Company’s Articles of Association (AOA) and Good Corporate Governance (GCG) principles, which advocate transparency, accountability, responsibility, independency and fairness.
Corporate Governance StructureBased on Law No. 40 Year 2007 regarding Limited Liability Company (“Company Laws”), the Company’s organs consist of the General Meeting of Shareholders (“GMS”), the Board of Commissioners (“BOC”) and the Board of Directors (“BOD”). They are assisted by the Committees and Corporate Secretary, and play an important role in the implementation of GCG. The Company’s organs are required to perform their functions based on prevailing regulations, the AOA and the GCG principles.
Committees Structure
Independent Commissioner
Ms. Amelia Setiawan, 47 years old, Indonesian Citizen, was first appointed as a Independent Commissioner of the Company based on the resolution of the AGM in 2025.
She obtained a Bachelor’s degree in Accounting from the Faculty of Economics at Parahyangan Catholic University, Bandung in 1999 and Master’s degree of Accounting from the University of Indonesia in 2006 and Doctorate of Economics from Parahyangan Catholic University, Bandung in 2016.
After graduated in 2000, she started her career as a permanent lecturer at the Faculty of Economics at Parahyangan Catholic University, Bandung until now and as a part-time lecturer at Sekolah Tinggi Ilmu Ekonomi Mulia Singkawang and Sekolah Tinggi Ilmu Ekonomi Jayakusuma, Jakarta. Since 2003 until now, she has been appointed as Organizational Development Manager, Directorate of Organization and Human Resources at Parahyangan Catholic University, Bandung.
She is concurrently as a member of Audit Committee of PT Indofood Sukses Makmur Tbk., PT Indofood CBP Sukses Makmur Tbk., PT Indomobil Sukses Internasional Tbk., PT Indomobil Multi Jasa Tbk.
External Independent Professional
Mr. Timotius, 66, an Indonesian citizen, was appointed as Member of the Audit Committee by the BOC in accordance with the Decision Letter of the BOC dated June 19, 2025.
Mr. Timotius obtained a bachelor's degree of Economics in Management and Accounting from the University of Indonesia respectively in 1984 and 1992, a Master of Management from the University of Indonesia in 1990 and a Doctorate in Agriculture Economics from the Bogor Institute of Agriculture in 2000.
External Independent Professional
Mr. Notariza Taher, 55, an Indonesian citizen, was appointed as Member of the Audit Committee by the BOC in accordance with the Decision Letter of the BOC dated June 19, 2025.
Mr. Notariza Taher obtained a bachelor’s degree of Financial Management from University of Indonesia in 1994.
| Audit Committee | |
|---|---|
| Chairman | Amelia Setiawan Independent Commissioner |
| Member |
Timotius External Independent Professional Notariza Taher External Independent Professional |
Independent Commissioner
Ms. Amelia Setiawan, 47 years old, Indonesian Citizen, was first appointed as a Independent Commissioner of the Company based on the resolution of the AGM in 2025.
She obtained a Bachelor’s degree in Accounting from the Faculty of Economics at Parahyangan Catholic University, Bandung in 1999 and Master’s degree of Accounting from the University of Indonesia in 2006 and Doctorate of Economics from Parahyangan Catholic University, Bandung in 2016.
She is concurrently as a member of Audit Committee of PT Indofood Sukses Makmur Tbk., PT Indofood CBP Sukses Makmur Tbk., PT Indomobil Sukses Internasional Tbk., PT Indomobil Multi Jasa Tbk.
Commissioner
Mr. Paulus Moleonoto, 60, an Indonesian citizen, was first appointed as a President Commissioner based on the resolution of the AGM in 2015, and re-elected in 2016, 2019 with the latest reappointment based on the resolution of the AGM in 2022. Prior appointed as President Commissioner, he was first appointed as a Director of PT PP London Sumatra Indonesia Tbk (“Lonsum”) based on the resolution of the EGM in 2007 and re-elected as Director of Lonsum based on the resolution of the AGM in 2010, 2013, and also as Vice President Director I based on the resolution of AGM in 2014.
He concurrently serves as Commissioner of PT Indofood CBP Sukses Makmur Tbk (“ICBP”) (2009-present), Director of Indofood (2009-present), Executive Director and Head of Finance & Corporate Services of IndoAgri (2006-present) and Vice President Director of SIMP (2004-present). Before joining the Plantations Divisions of the Indofood Group as Chief Financial Officer, he held various management positions in the Salim Plantations Group (1990-2004). He began his career with Drs. Hans Kartikahadi & Co., a public accounting firm in Jakarta (1984-1990). He is a registered accountant in Indonesia.
Mr. Paulus Moleonoto obtained a Bachelor of Accountancy degree from the University of Tarumanagara, Jakarta, in 1987, and a Bachelor’s degree in Management, and a Master of Science degree in Administration and Business Policy from the University of Indonesia in 1990 and 2001 respectively. In 2022, he participated in various training programmes, workshops and seminars, including “ESG: Environmental, Social and Governance Essentials” on August 2, 2022 and “Indonesia’s Economic Outlook 2023” on August 8, 2022.
He has no affiliation with the members of the BOD, BOC but is affiliated to the substantial shareholder of the Company.
General Manager of Compensation, Benefit & HR Administration
Ms. Melia Setiawati, 51, an Indonesian citizen, is currently a member of the NRC, General Manager of Compensation, Benefit & HR Administration and concurrently an NRC member of INDF, ICBP and SIMP (2015-present). She was previously the HR Manager at PT Aspirasi Darma Nusa (2002-2004) and PT Bahana Dharma Utama (2000-2001), Senior Programmer at PT Inti Salim Corpora (1996-2000), and EDP Staff Member at PT Bank Central Asia Tbk (1992-1995).
She obtained a Diploma Degree in Information Technology from Sekolah Tinggi Teknologi Indonesia in 1992, and a Bachelor’s degree in Information Technology from Sekolah Tinggi Sains dan Teknologi Indonesia in 1996. In 2022, she participated in several training programmes, workshops and seminars, including “Indonesia’s Economic Outlook 2023” and “Global Economic Outlook 2023”.
| Nomination and Remuneration Committee | |
|---|---|
| Chairman | Amelia Setiawan Independent Commissioner |
| Member |
Moleonoto (Paulus Moleonoto) President Commissioner Melia Setiawati General Manager of Compensation, Benefit & HR Administration. |
Mr. Fajar Triadi has performed the role of Corporate Secretary since 31 March 2023 in accordance with the Decision Letter of the BOD dated 31 March 2023.
Corporate Secretary
Ms. Endah R. Madnawidjaja is based in Jakarta. She graduated in law, majoring in Economic Activities Law, from the University of Indonesia. Prior to joining the Company, she had been a Legal Consultant of Lubis, Ganie, Surowidjojo law firm (1995-2007). In 2022, she attended several training and seminars, including “Indonesia’s Economic Outlook 2023” and “Global Economic Outlook 2023”.
In 2022, the Corporate Secretary carried out the following activities and responsibilities:
In the last few years, the Company has been operating in a VUCA (Volatile, Uncertain, Complex, Ambiguous) environment due to various factors, such as unpredictable weather conditions, volatile commodity prices, fluctuating exchange rates, shifting consumer needs, economic uncertainties, security threats, international competition, disruptive technologies and market dynamics. Company is fully committed and continuously implements a comprehensive approach of managing risks across its operations. This enables the Company to be more proactive and prepared in dealing with and addressing the various challenges and uncertainties it faces in a tough and competitive business environment. At the same time, this has allowed the Company to promote and implement good corporate governance.
The Enterprise Risk Management (“ERM”) framework is one of the key success factors of the Company in managing its risk effectively. The framework coordinates the “Lines of Defense” across all operating and functional units that enables the Company to maintain vigilance and oversight of the operations for timely and accurate identification, assessment, mitigation, reporting and monitoring of risks that can have an adverse impact on the business drivers and the Company’s ability to achieve business results.