Governance Built on Trust

A System Built on Oversight and Balance

The governance structure of Sele Raya Belida is designed to ensure a clear separation of roles, effective oversight, and balanced decision-making across all levels of the organization.

Board of Commissioners

The Board of Commissioners is responsible for supervising management and providing strategic direction to ensure that the Company operates in line with its objectives and governance principles.

Key Responsibilities:

• Overseeing management performance
• Reviewing corporate strategies
• Ensuring the implementation of governance practices

Board of Directors

The Board of Directors is responsible for managing the Company’s operations and executing business strategies to achieve sustainable growth and operational excellence.

Key Responsibilities:

• Driving operational excellence
• Implementing risk management practices
• Delivering business performance and strategic objectives

Committees

To strengthen governance implementation, the Company is supported by several dedicated committees, including:

• Audit Committee — Oversees financial reporting, compliance, and internal control systems
• Risk Management Committee — Monitors risk exposure and mitigation strategies
• Nomination & Remuneration Committee — Oversees leadership evaluation, succession planning, and compensation policies

Guided by Clear Policies

Sele Raya Belida establishes comprehensive policies to promote consistency, accountability, and compliance across all business activities.

Key Policies

The Company implements several core policies to support effective governance and operational integrity, including:

• Corporate Governance Policy
• Risk Management Policy
• Internal Control Policy
• Compliance Policy

Regulatory Compliance

Sele Raya Belida complies with all applicable laws and regulations within the energy sector. The Company conducts continuous monitoring and periodic internal reviews to ensure regulatory adherence and mitigate potential compliance risks.

Commitment to Best Practices

The Company continuously strengthens and updates its policies in alignment with global governance standards and industry best practices, supporting sustainable and responsible business operations.

Integrity at the Core

The Code of Conduct serves as the foundation for ethical standards and professional behavior across Sele Raya Belida. It provides guidance for employees, management, and stakeholders in conducting business responsibly, ethically, and in alignment with the Company’s values.

Core Values

The Company upholds several core values that guide daily operations and decision-making processes, including:

• Integrity and honesty
• Professionalism and accountability
• Respect, inclusivity, and mutual trust

Ethical Guidelines

Sele Raya Belida implements ethical guidelines to ensure responsible and compliant business practices, including:

• Anti-bribery and anti-corruption measures
• Conflict of interest management
• Confidentiality and data protection
• Fair, respectful, and inclusive workplace practices

Zero Tolerance Policy

Sele Raya Belida enforces a strict zero-tolerance policy toward unethical conduct, corruption, fraud, and any form of misconduct. The Company is committed to maintaining a transparent, accountable, and integrity-driven business environment.

Speak Up with Confidence

Sele Raya Belida provides a secure and confidential whistleblowing system to promote transparency, accountability, and ethical conduct across the organization. The system enables stakeholders to report concerns responsibly and without fear of retaliation.

Reporting Scope

Reports submitted through the whistleblowing mechanism may include, but are not limited to:

• Fraud or corruption
• Ethical violations
• Misconduct or abuse of authority

Reporting Channels

Stakeholders may submit reports through designated communication channels provided by the Company, ensuring accessibility, confidentiality, and proper handling of all reports.

Protection Assurance

The Company guarantees protection for all individuals who report concerns in good faith. Any form of intimidation, discrimination, or retaliation against whistleblowers is strictly prohibited.

Commitment to Fair Investigation

All reports are handled independently, professionally, and with strict confidentiality to ensure fair, objective, and transparent investigation processes.