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.

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.