Good Corporate Governance

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

The General Meeting of Shareholders (GMS) is the Company’s organization which holds the highest authority. The GMS facilitates the shareholders to make the important decision of the Company, such as the appointment and termination of the Board of Commissioners and the Board of Directors members, approval on the amendment of Article of Association, approval on Annual Report and as well as decision on the corporate action with significant material impact to the Company.