GCG Strengthens Company Management

Internal control and supervision systems, reporting mechanisms for suspected irregularities, information technology governance, guidelines, behavior, ethics, etc.

In running its business, the Company always strives to implement the principles of Good Corporate Governance. Its implementation is marked by the existence of GCG KSP which refers to the Minister of State-Owned Enterprises Regulation No. 117 of 2002 where the Company's organs in increasing business success and accountability must always pay attention to the interests of stakeholders based on law and ethical values. . KSP GCG principles are company rules, norms or guidelines that are needed in a healthy company management system. The KSP GCG principles are as follows:

Transparency

To achieve transparency, companies are required to provide sufficient, accurate and timely information to stakeholders. One of the positive things about the principle of transparency is that parties related to the company know the possible risks that may occur in carrying out transactions with the company. The main things in implementing information disclosure include:

Goal Setting, Business Targets, and Company Strategy
Annual Report
Periodic Financial Reports
Other Reports That Must Be Published

Accountability

The company implements the principle of accountability by being fully aware of the rights, obligations, authority and responsibilities of company organs based on an internal check and balance system that includes auditing practices. This also includes restrictions on power between shareholders. The main points of application of these principles include:

Details of assignments, responsibilities and authority of each Company organ in line with the Company's vision, mission, values and strategy.
Ensure that there is an effective internal control system in the management of the Company. Performance measurement of all Company organs is consistent with the implementation of the reward and sanctions system
The implementation of the duties and responsibilities of each Company organ is guided by agreed company values (company ethics and top management code of ethics)

Responsibility

As a form of responsibility towards society and the shareholder environment, the Company will always implement the principle of prudence, comply with the Company's internal regulations in carrying out all its business activities so that it is hoped that the Company will receive recognition as a Good Corporate Citizen

Independence

The company will always try to run its business independently and avoid practices of domination by any party, conflicts of interest, domination by one company organ over another company organ, all kinds of pressure or influence that can influence decision making. It is hoped that all decisions made by the Company will be more independent and objective

Fairness

The Company will always try to pay attention to and treat the interests of shareholders and third parties who relate to or carry out transactions with the Company with equality and fairness and will always provide equal opportunities to the community in the process of recruiting employees and careers without looking at physical condition and distinguishing between race, religion, race, class and gender.