GCG PRINCIPLES

Good Corporate Governance (GCG) implementation in the company’s business environment has been done at maximum and entirely ever since the Company and its subsidiaries were established. The dynamic of business also required analysis and refinement on the existing governance, for such requirement, we have done analysis and refinement accordingly to current condition.

We are committed to grow and stay competitive in accordance with GCG principles. In running the business, we always put first the above principles continually, as mandated by the relevant law and regulations.

Therefore, we have implemented the separation of management and supervision function by optimization of each function, duties and responsibilities of the Board of Commissioner and Director, which fully supported by an independent audit office. In carried out the duty and function, we put first the GCG principles, company’s philosophy, and business ethics. Such efforts is always carried out for the benefit of our shareholders. We respected that GCG implementation is an obligation to maintain transparency and accountability to the public.

The structure of GCG implemented by the Company and its Subsidiaries ensure each parts of its organization is running synergistically and based on best practices. The principles of governance implemented by the Company has a reference on good system of governance, including transparency, accountability, responsibility, independency, and fairness. Our organization has its own function/role, duties and responsibilities.

We also had appointed an Independent Commissioner, Audit Committee, Corporate Secretary, and a competent Internal Audit Unit capable of working in harmony with the Company’s Vision, Mission and Core Values. We also has ensure that the delegation of responsibilities among the Company’s management, both under the Board of Commissioner, and under the Board of Director, has been implemented carefully and with consideration on the inherent risk.