“We believe that GCG must be implemented with the highest standard”
Commitment and Implementation of Good Corporate Governance (GCG)
The Company always recognizes Corporate Governance as an important factor to ensure the application of Transparency, Accountability, Responsibility, Independence and Fairness principles within its entire business activities. We believe that GCG must be implemented with the highest standard to support the Company’s efforts in achieving its business objectives as well as in protecting the interest of all stakeholders. The implementation of GCG is based on Ministry of State Owned Enterprises (SOE) Decree No. PER-01/MBU/2011 dated August 1 2011 outlining the Implementation of Good Corporate Governance in State Owned Enterprises.
GCG Implementation Objectives
The objectives of GCG implementation are to:
- Ensure optimum implementation of the Transparency, Accountability, Responsibility, Independence and Fairness principles;
- Define the duties and responsibilities of the General Meeting of Shareholders, the Board of Commissioners and Board of Directors;
- Provide guidelines to ensure the attainment of the Vision and Mission, and
- Ensure sustainable enhancements of the values.
Code of Corporate Governance
Code of Conduct
Audit Committee Charter
Gratification Control Guidelines
Whistle Blowing System