Good Corporate Governance

PT SMI believes that value increment will improve the Company’s performance and enhance integrity in giving value added to the shareholders and stakeholders as well as to help national economy in its role as a Catalyst and/or a Facilitator between the Project Owner and Investor in infrastructure financing and/or preparation of Indonesian infrastructure.

As a State-Owned Enterprise (SOE) under the Ministry of Finance, PT SMI’s GCG practice is in compliance with the Minister of Finance Regulation No. 88/PMK.06/2015 regarding the Implementation of Good Corporate Governance by the Company (Persero) under the guidance and supervision of the Minister of Finance.

PT SMI consistently committed to implement the GCG based on GCG key values amongst others Transparency, Accountability, Responsibility, Independence, and Equality and Fairness.

The implementation of GCG principles has the following objectives:

  1. Optimizing the Company’s values.
  2. Decision making that founded upon high morals.
  3. Compliance with prevailing laws and regulations.
  4. Professional, transparent and efficient management of the Company.
  5. Enhancing the Company’s image and competitive advantage.
  6. Improving the Company’s human resources development.
  7. Improving the Company’s business risk management.
  8. Encouraging awareness and social responsibilities.
  9. Fostering code of conduct toward better corporate culture.



Good Corporate Governance


Consist of Audit Committee, Risk Monitoring Committee and Nomination and Remuneration Committee

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Corporate Secretary

The Corporate Secretary acts as a bridge between PT SMI and all stakeholders and maintains PT SMI's positive image amongst the community and all relevant... Read more

Internal Audit

The Head of Internal Audit is appointed and dismissed by the President Director with the Board of Commissioners' approval. The appointment, replacement,... Read more

General Meeting of Shareholders

The General Meeting of Shareholders (GMS) is a meeting for all shareholders that can be called by the board of directors or requested by the board of commiss... Read more

Risk Management

PT SMI is committed to maintaining the trust of stakeholders and complying with all regulations. In doing so, the Company identify and continuously monitor a... Read more

Whistleblowing System

PT SMI has been adopting Guidelines of a Whistleblowing System (WBS) since 2014. PT SMI has developed a web-based application that lets people report violati... Read more

Documents related to GCG: