LAPORAN PELAKSANAAN TATA KELOLA TERINTEGRASI INTEGRATED CORPORATE GOVERNANCE REPORT KONGLOMERASI KEUANGAN CITIBANK N.A. DI INDONESIA FINANCIAL CONGLOMERATION CITIBANK N.A. IN INDONESIA 31 December 2015 INTEGRATED CORPORATE GOVERNANCE TATA KELOLA PERUSAHAAN TERINTEGRASI In the framework to improve the performance Dalam rangka meningkatkan kinerja of Financial Conglomeration and improve the Konglomerasi Keuangan dan meningkatkan compliance towards the laws and regulations kepatuhan terhadap peraturan perundang- as well as the ethical values that are undangan serta nilai-nilai etika yang berlaku applicable in the financial services industry, pada industri jasa keuangan, Konglomerasi Financial Conglomeration shall perform its Keuangan wajib melaksanakan kegiatan business activities based on good Integrated usaha dengan berpedoman pada prinsip Tata Good Corporate Governance principles. Kelola Terintegrasi yang baik. Citibank N.A. Financial Conglomeration in Konglomerasi Keuangan Citibank N.A. di Indonesia consists of Citibank N.A., Indonesia terdiri dari Citibank N.A., Indonesia Indonesia as the Main Entity and PT sebagai Entitas Utama dan PT Citigroup Citigroup Securities Indonesia as the Securities Indonesia sebagi anggota. member. Citibank N.A., Indonesia is established Citibank N.A., Indonesia berdiri berdasarkan pursuant to the Minister of Finance Letter No. Surat Menteri Keuangan No. D.15.6.1.4.23 D.15.6.1.4.23 dated June 14, 1968 to conduct tanggal 14 Juni 1968 untuk commercial bank and foreign exchange menyelenggarakan kegiatan bank umum dan activities. Main activity of Citibank N.A., aktivitas devisa. Aktivitas utama dari Citibank Indonesia is includes Corporate and N.A., Indonesia meliputi aktifitas Corporate Consumer Bank. dan Consumer Bank. PT Citigroup Securities Indonesia has been PT Citigroup Securities Indonesia yang berdiri established since July 3, 1989 owned by sejak 3 Juli 1989 dimiliki oleh Citibank Citibank Overseas Investment Corporation Overseas Investment Corporation (COIC) dan (COIC) and local partner. PT Citigroup patner lokal. PT Citigroup Securities Indonesia Securities Indonesia conducts securities menyelenggarakan kegiatan sekuritas activities including securities brokerage and termasuk securities brokerage dan underwriting. underwriting. Citibank N.A. Financial Conglomeration in Konglomerasi Keuangan Citibank N.A. di Indonesia has implemented the integrated Indonesia telah melaksanakan tata kelola governance in accordance with set forth secara terintegrasi sesuai dengan peratururan regulation namely Otoritas Jasa Keuangan yang telah ditetapkan yaitu Peraturan Otoritas Regulation No. 18/POJK.03/2014 as well as Jasa Keuangan No.18/POJK.03/2014 serta Otoritas Jasa Keuangan Circular Letter No. Surat Edaran Otoritas Jasa Keuangan 15/SEOJK.03/2015 regarding Implementation No.15/SEOJK.03/2015 mengenai Penerapan of Integrated Governance for Financial Tata Kelola Terintegrasi Bagi Konglomerasi Conglomeration. Keuangan. In accordance with the hereinabove Sesuai dengan peraturan tersebut di atas, regulations, Citibank N.A., Indonesia as the Citibank N.A., Indonesia sebagai Entitas Main Entity of Citibank N.A. Financial Utama Konglomerasi Keuangan Citibank N.A. Conglomeration in Indonesia must compile di Indonesia wajib menyusun Laporan an Implementation of Integrated Governance Tahunan Pelaksanaan Tata Kelola Annual Report as follow: Terintegrasi sebagai berikut: 1 of 79 Implementation of Integrated Laporan Penilaian Sendiri Governance Self-Assessment Pelaksanaan Tata Kelola Report Terintegrasi Citibank N.A., Indonesia as the Main Entity of Citibank N.A., Indonesia sebagai Entitas Citibank N.A. Financial Conglomeration in Utama Konglomerasi Keuangan Citibank N.A. Indonesia is a BUKU 3 bank therefore the di Indonesia merupakan bank BUKU 3 obligation of self-assessment report on the sehingga kewajiban penyampaian laporan implementation of integrated governance penilaian sendiri pelaksanaan tata kelola starts for the position of December 2015 terintegrasi dimulai untuk posisi laporan report. Desember 2015. We have submitted the implementation of Kami sudah menyampaikan laporan penilaian integrated governance self-assessment sendiri pelaksanaan tata kelola terintegrasi report for the position of December 2015 on untuk posisi Desember 2015 pada tanggal 12 February 12, 2016. We assess that we have Februari 2016. Kami menilai bahwa kami telah generally well implemented the Integrated melakukan penerapan Tata Kelola Governance (rating 2). We include the result Terintegrasi secara umum dengan baik report of the implementation of integrated (peringkat 2). Hasil laporan penilaian sendiri governance self-assessment for the position pelaksanaan tata kelola terintegrasi untuk of December 2015 in this Implementation of posisi Desember 2015 kami sertakan dalam Integrated Governance Annual Report Laporan Tahunan Pelaksanaan Tata Kelola Terintegrasi ini Financial Conglomeration Struktur Konglomerasi Structure Keuangan Citibank N.A Financial Conglomeration in Konglomerasi Keuangan Citibank N.A. di Indonesia consists of 2 (two) companies Indonesia terdiri dari 2 (dua) perusahaan namely, Citibank N.A., Indonesia and PT yaitu, Citibank N.A., Indonesia dan PT Citigroup Securities Indonesia. The structure Citigroup Securities Indonesia. Struktur of such financial conglomeration organization organisasi konglomerasi keuangan tersebut is as follow: adalah sebagai berikut : 2 of 79 Shareholders Structure Struktur Kepemilikan Saham In accordance with the hereinabove financial Sesuai dengan struktur organisasi conglomeration organization structure, konglomerasi keuangan di atas, Citibank Citibank N.A., Indonesia is 100% owned by N.A., Indonesia dimiliki 100% oleh Citibank Citibank N.A. Whereas the shares of PT N.A. Sedangkan saham PT Citigroup Citigroup Securities Indonesia are 85% Securities Indonesia dimiliki oleh Citibank owned by Citibank Overseas Investment Overseas Invesment Corporation (COIC) Corporation (COIC) and 15% by a local sebesar 85% dan patner lokal sebesar 15%. partner. The owner of Citibank Overseas Investment Pemilik dari Citibank Overseas Invesment Corportation (COIC) is Citibank N.A. Corporation (COIC) adalah Citibank N.A. Citibank N.A. is owned by Citicorp that is Citibank N.A. dimiliki oleh Citicorp yang pada ultimately owned by Citigroup Inc. akhirnya dimiliki oleh Citigroup Inc. Management Structure Struktur Kepengurusan Management of Citibank N.A., Indonesia as Pengurus Citibank N.A., Indonesia sebagai the Main Entity of the Financial Entitas Utama Konglomerasi Keuangan posisi Conglomeration position December 2015 is Desember 2015 adalah sebagai berikut: as follow: Country Head and CCO: Batara P. Sianturi Country Business Manager – GCG: Batara P. Sianturi* Country Chief Financial Officer (CFO): Shirish Trivedi Compliance Director: Yessika Effendi Senior Country Operation Officer: Siddharth Sabherwal Country Human Resources Officer: Pambudi H.T. Soenarsihanto Head of Global Markets: Sergio Rodrigo Maza Dominguez *) Lauren Suliaswaty effectively resigned as the Country *) Lauren Sulistiawati berhenti sebagai Country Business Business Manager – Global Consumer Group on Manager - Global Consumer Group efektif pada tanggal November 30, 2015. Batara P. Sianturi has stepped in 30 November 2015. Batara P. Sianturi merangkap jabatan as the Acting Country Business Manager – Global sebagai Pjs. Country Business Manager - Global Consumer Group until there is a new appointment of Consumer Group sampai adanya penunjukkan Country Business Manager - Global Consumer Group yang baru Country Business Manager – Global Consumer Group Whereas for the management of PT Citigroup Sedangkan pengurus PT Citigroup Securities Securities Indonesia as the Financial Indonesia sebagai anggota Konglomerasi Conglomeration member is as follow: Keuangan adalah sebagai berikut: Commissioner: Richard Mark Hurst President Director: Hasan Ukim Director: Salman Ali Director: Ferry Wong Director: John CP Tambunan Citibank N.A. Financial Conglomeration in Konglomerasi Keuangan Citibank N.A. di Indonesia also established the Integrated Indonesia juga membentuk Komite Tata 3 of 79 Governance Committee as a part of the Kelola Terintegrasi sebagai bagian dari implementation of integrated governance. The penerapan tata kelola terintegrasi. Komite Integrated Governance Committee consists of Tata Kelola Terintegrasi terdiri dari perwakilan Citibank N.A., Indonesia management Pimpinan Citibank N.A., Indonesia, perwakilan representatives, PT Citigroup Securities direksi PT Citigroup Securities Indonesia dan Indonesia Board of Directors representatives perwakilan kantor regional. and regional office representatives. Intra-Group Transaction Policy Kebijakan Transaksi Intra- Grup Citibank N.A. Financial Conglomeration in Konglomerasi Keuangan Citibank N.A., di Indonesia has a clear policy on intra-group Indonesia mempunyai kebijakan yang jelas transaction. Even though in one financial mengenai transaksi intra-grup. Walaupun conglomeration, financial conglomeration dalam satu konglomerasi keuangan, anggota member deems the other financial konglomerasi keuangan menganggap conglomeration members the same as any anggota konglomerasi keuangan lainnya other client. Financial conglomeration member seperti nasabah lain pada umumnya. Anggota will impose fee for every service prodived to konglomerasi keuangan akan mengenakan the other financial conglomeration member fee untuk setiap jasa yang diberikan kepada equal to the fee imposition to other clients. anggota konglomerasi