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Corporate Governance

Objective of GCG Implementation & Legal Basis for GCG Implementation

  /  Objective of GCG Implementation & Legal Basis for GCG Implementation

Objective of GCG Implementation

The Company adopts the principles of good governance aimed at ensuring optimal results, including:

  1. Increasing the Company’s performance through the creation of better decision-making processes, improving the Company’s operational efficiency and services to stakeholders.
  2. Increasing corporate values through improving financial performance and minimizing investment risk that contain conflicts of interest.
  3. Increasing assurance for investors.
  4. Achieving stakeholder satisfaction by increasing corporate values and the Company’s dividends.
  5. Directing and controlling the Company’s Organ relationships.
  6. Increasing the accountability of the management of the Company to Shareholders while taking into account the interests of the stakeholders.
  7. Encourage and support business development, effective management of resources and risk so as to increase the Company’s value.

 

Legal Basis for GCG Implementation

In implementing GCG, the Company refers to a number of rules and regulation, including:

  1. Law No. 40 of 2007 on Limited Liability Company;
  2. Law No.19 of 2003 on State Owned Enterprises (SOEs);
  3. Minister of SOE Regulation No. PER-01/MBU/2011 concerning the Implementation of Good Corporate Governance in SOE, later amended by the State Minister of SOE Regulation Number PER-09/MBU/2012 concerning Amendments to the Regulation of the Minister of State Owned Enterprises Number PER-01/MBU/2011 concerning the Implementation of Good Corporate Governance in State-Owned Enterprises.
  4. SOE Ministry Secretary Decree No.SK-16/S.MBU/2012 concerning Indicators/Parameters for the Implementation of Good Corporate Governance in SOE.
  1. Financial Services Authority Regulation No.21/POJK.04/2015 concerning the Guidelines for Governance of Public Companies.
  2. Financial Services Authority Circular No.32/SEOJK.04/2015 concerning Public Company Governance Guidelines
  3. Articles of Association of the Company. Those who need Articles of Association documents can send requests via e-mail info@sig.id.