Adaro in Summary
- Five Year Financial Highlights
- 2009 Important Dates and Share Price Information
- Our Vision
- Adaro Described
- Why Adaro?
- Why Adaro?
- 1 Robust industry prospects
- 2 Good track record of growth, large reserves to support continued expansion
- 3 Amongst the world’s largest and lowest cost, vertically integrated producers
- 4 Reputable and supportive shareholders, and experienced management team
- 5 Highly differentiated product - EnvirocoalTM
- 6 Diversified and loyal customer base and high earnings visibility
- 7 Consistently improving financial profile since LBO
- 8 Growth and value ceation set to continue
- 9 Committed to corporate social responsibility
- 10 Excellent safety record
- 11 Award winning performance and standards
- Map of Operations
- Our Subsidiaries = Our Coal Supply Chain
- Vertically Integrated from Pit to Port
- Management Report
- Corporate Overview
- Our Subsidiaries Described
- Review of Operations
- Interview with Chia Ah Hoo, Director of Operations
- Special Section: Historical Photo Album
- Interview with Alastair Grant, Director of Marketing
- Health, Safety and the Environment
- Financial Review
- Interview with David Tendian, Director of Finance
- Special Section: Adaro Bond in the News
- Exploration and Reserves
- Exploring Initiatives for a Bigger and Better Adaro Energy
- Interview with Sandiaga S. Uno, Director
- Governing Adaro
- Status of Corporate Governance Practices
- Implementation of the Company’s Good Corporate Governance
- General Meeting of Shareholders (GMS)
- Board of Directors Training Programs to Enhance Competency
- Board of Commissioners and Board of Directors
- The Board of Commissioners
- Audit Committee
- The Board of Directors
- Board of Directors Meetings
- Nomination of Members of the Boards
- Internal Audit
- External Auditor
- Corporate Secretary
- Remuneration of the Boards
- Share Ownership of the Boards 2009
- Audit Committee Report
- Internal Audit Unit Report
- Interview With Andre J. Mamuaya, Director of Corporate Affairs and Corporate Secretary
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Internal Audit Unit Report
The Internal Audit Unit is a unit of the company that performs internal audit functions of auditing, assessing and investigating operational activities as well as compliance with the prevailing policies, regulations, and other regulatory requirements. Besides reporting audit findings, the Internal Audit Unit also submits suggestions, outlooks, and reviews that can be used by the Board of Directors as valuable inputs in decision making and for developing policies and regulations.
The Internal Audit Unit was established in January 2009 following the Decree issued by the Chairman of Capital Market and Financial Institution Supervisory Board No. Kep-496/BL/2008 dated November 28, 2008. The unit works towards its mission of reviewing and evaluating the process of management control, operations, finance, and risk management in order to apply Good Corporate Governance principles. In performing its functions, the Internal Audit Unit can access all information, functions, and personnel relevant to its assignments.
The Internal Audit Unit’s activities in 2009 included development of the Internal Audit Charter, establishment of an annual work plan, and performance of audits on subsidiaries. The annual work plan was set up by applying risk-based audit methods and selection of higher risk segments as the focus. This work plan has obtained the approval of the President Director and Audit Committee.
