

Committees
Our Board of Commissioners is assisted by the Audit Committee, the Governance, Nomination and Remuneration Committee, the Risk Mitigation Committee, and the Contract of Work Committee in carrying out its duties and responsibilities to supervise the management of the Company and to give advice to the Board of Directors.Click to expand and learn more about our Committees.
The Audit Committee reports directly to the Board of Commissioners. The Committee’s membership refers to POJK No.55/ POJK.04/2015 concerning the Establishment and Implementation Work Guidelines for Audit Committees.
Audit Committee Composition as of December 31, 2022:
| Name | Title | Tenure |
|---|---|---|
Rudiantara
|
Chairman
|
2020 - 2023
|
Herwan Ng
|
Member
|
2021 - 2024
|
Felia Salim
|
Member
|
2021 - 2024
|
Profile of members of the Audit Committee whom are member of the Board of Commissioners is presented in the Board of Commissioners profiles pages, while profile of the other member of the Audit Committee is presented below.
The Corporate Governance, Nomination and Remuneration Committee duty and responsibility is to assist the Board of Commissioners on the aspects of corporate governance, and the nomination and remuneration processes. The Committee was established based on the Board of Commissioners’ Meeting resolution dated March 27, 2017.
Pursuant to the provisions in POJK No.34/POJK.04/2014 concerning the Nomination and Remuneration Committee for Public Companies, the Governance, Nomination and Remuneration Committee composition shall consist of at least three members, with one member, who is an Independent Commissioner serving as the Chair. Other members may come from members of the Board of Commissioners, parties from outside the Company or parties holding managerial positions under the Director in charge of Human Resources.
Pursuant to the provisions in POJK No.34/POJK.04/2014 concerning the Nomination and Remuneration Committee for Public Companies, the Governance, Nomination and Remuneration Committee composition shall consist of at least three members, with one member, who is an Independent Commissioner serving as the Chair. Other members may come from members of the Board of Commissioners, parties from outside the Company or parties holding managerial positions under the Director in charge of Human Resources.
Data subjects have the following rights related to its personal data, to the extent that such rights are recognized by applicable laws:
- Processing confirmation: confirmation as to whether or not Personal Data concerning the relevant data subject are being processed;
- Access to data: access to data collected by Vale, except for cases of trade secret protection and industry;
- Data rectification: request to correct incomplete, outdated or erroneous information;
- Anonymization and suspension: anonymization and suspension of personal data considered unnecessary, excessive or processed in non-compliance with the provisions of the applicable legislation. Anonymization will take place considering the use of reasonable and available technical means when processing data;
- Portability: portability of personal data to another product supplier or service provider upon express request. Vale and its subsidiaries reserve the right to deny portability in case of personal data that could compromise their commercial and industrial secrets.
- Information on data sharing: information to the data subject about personal data that is shared with public and private entities;
- Consent Revocation: revocation of the consent given, at any time, upon the express request of the data subject. The revocation procedure will always free and facilitated.
- Elimination: personal data will be eliminated at the end of its purpose or if the data subject expresses its intent to revoke its consent to carry out that processing. Subject to local legal requirements, Vale may keep personal data if: (i) it is legally obliged to keep them, (ii) for compliance with laws and / or regulations that so determine; (iii) needs the data to establish, exercise or defend legal claims; and (iii) need to maintain control of the data for public health reasons.
It is possible to exercise these rights by contacting us using the form found at the bottom of this page.
Members of the Governance, Nomination and Remuneration Committee are appointed by the Board of Commissioners for a 3-year term.
Governance, Nomination and Remuneration Committee as of March, 2024:
| Name | Title | Date of Appointment |
|---|---|---|
Rudiantara
|
Chairman
|
July 29, 2020
|
Emily Olson
|
Member
|
March 28, 2024
|
Farrah Carrim
|
Member
|
March, 2023
|
Yusuke Niwa
|
Member
|
June 21, 2022
|
M. Jasman Panjaitan
|
Member
|
March, 2023
|
Profile of members of the Corporate Governance, Nominantion and Remuneration Committee who are members of the Board of Commissioners is presented in the Board of Commissioners profiles pages.
The Risk Mitigation Committee was established based on a Board of Commissioners’ Meeting resolution on August 29, 2021. The Risk Mitigation Committee assists the Board of Commissioners in supervising the application and implementation of risk management.
Members of the Risk Mitigation Committee shall be comprised of no less than three members appointed by the Board of Commissioners with a term of office of 3 (three) years. One member shall concurrently serve as the chair, and shall be an Independent Commissioner, and other members shall be nominated by the entitled shareholders.
Members of the Risk Mitigation Committee shall be comprised of no less than three members appointed by the Board of Commissioners with a term of office of 3 (three) years. One member shall concurrently serve as the chair, and shall be an Independent Commissioner, and other members shall be nominated by the entitled shareholders.
Risk Mitigation Committee Composition as of March, 2024
| Name | Title | Tenure |
|---|---|---|
Raden Sukhyar
|
Chairman
|
First appointment based on a resolution of the Board of Commissioners adopted in a meeting on August 16, 2019 and was re-appointed based on a resolution of the Board of Commissioners adopted in a meeting on April 27, 2021.
|
Olga Kovalik
|
Member
|
First appointment based on a resolution of the Board of Commissioners adopted in a meeting on March, 2024.
|
Justin Thompson
|
Member
|
First appointment based on a resolution of the Board of Commissioners adopted in a meeting on April 2, 2019 and was re-appointed based on a resolution of the Board of Commissioners adopted in a meeting on April 27, 2021
|
M. Rachmat Kaimuddin
|
Member
|
First appointment based on a resolution of the Board of Commissioners adopted in a meeting on June 21, 2022.
|
Profile of members of the Risk Mitigation Committee who are members of the Board of Commissioners is presented in the Board of Commissioners profiles pages, while the profile of the other member of the Risk Mitigation Committee is presented below.
The Contract of Work Committee was established based on a Board of Commissioners’ Meeting resolution on August 29, 2021. The Contract of Work Committee assists the Board of Commissioners in supervising the negotiation process regarding the extension of the Contract of Work.
The Contract of Work Committee Members comprise one member, concurrently as Chair, who is an Independent Commissioner, and other members nominated by the eligible shareholders.
The Contract of Work Committee Members comprise one member, concurrently as Chair, who is an Independent Commissioner, and other members nominated by the eligible shareholders.
Contract of Work Committee Composition as of December 31, 2022
| Name | Title | Date of Appointment |
|---|---|---|
Raden Sukhyar
|
Chairman
|
First appointment based on a resolution of the Board of Commissioners adopted in a meeting on June 21, 2022
|
Peter Brady
|
Member
|
First appointment based on a resolution of the Board of Commissioners adopted in a meeting on June 21, 2022.
|
Kaoru Hayashi
|
Member
|
First appointment based on a resolution of the Board of Commissioners adopted in a meeting on June 21, 2022.
|
Ratih D. Amri
|
Member
|
First appointment based on a resolution of the Board of Commissioners adopted in a meeting on June 21, 2022.
|
Profile of members of the Contract of Work Committee whom are members of Board of Commissioners is presented in the Board of Commissioners profile pages, while profile of the other member of the Contract of Work Comittee is presented below.




