The GCG Principles

The Company implements the Good Corporate Governance (GCG) principles consistently by considering that GCG implementation is an obligation to maintain transparency and accountability to the public.

Therefore, the structure of GCG implemented by the Company ensures each parts of its organization is running synergistically and based on best practices. In running its business activities, the Company respects the GCG principles, corporate philosophy and business ethics.

The implementation of GCG in the Company’s business environment has been carried out totally since the Company and its subsidiaries were established. Along with the dynamic business development, the Company has also reviewed and improved governance manual in accordance with the current conditions and applicable laws and regulations.

The Company implemented good corporate governance based on reference of good governance practices, including transparency, accountability, responsibility, independency and fairness. The Company had the organizations with its own function, duties and responsibilities.

The Company had appointed a competent Independent Commissioner, Audit Committee, Corporate Secretary, and an Internal Audit Unit capable of working in harmony with the Company’s Vision, Mission and Core Values.

We also ensured that the delegation of responsibilities among the Company’s management, both under the Board of Commissioners and the Board of Directors, have been implemented carefully and considerated on the inherent risk

GENERAL MEETING OF SHAREHOLDERS

GMS is a part of company’s organization which serve as the top power and authority.

BOARD OF COMMISSIONER

The BOC is Company’s instrument collectively responsible to conduct supervision and giving advise to the Board of Directors.

BOARD OF DIRECTOR

The Board of Director is the Company's instrument collectively responsible to manage, represent and act on the behalf of the Company.

AUDIT COMMITTEE

The Audit Committee to assists corporate governance and overseeing responsibilities in relation to internal and external audit functions.

CORPORATE SECRETARY

The company secretary is responsible to ensuring the Company's compliance with statutory and regulatory requirements.

INTERNAL AUDIT UNIT

Internal Audit Unit assist the Board of Director in the performance of financial internal audit and Company’s operational as well as assessing the control, management

INTERNAL CONTROL SYSTEM

An integral process on any action and activities performed from time to time by management and employees to ensure the company remain within the law

RISK MANAGEMENT

Risk management in our Company has always up to date to the business world advances and to the complexity of Company’s business activities.