Principle & Commitment
As a public company, the Board of Commissioners and the Board of Directors of the Company are committed to implementing good corporate governance in the most appropriate and consistent manner. The Company complies with all prevailing laws and regulations of the capital markets as well as other relevant regulations. All the Company’s efforts are conducted in the hope that it can improve its GCG practices across all its operational activities.
In accordance with the Law of Republic Indonesia No. 40/2007 on Limited Liability Companies, the Company’s organs consist of the General Meeting of Shareholders (GMS), the Board of Commissioners (BOC), and the Board of Directors (BOD).
The GMS makes the most crucial decisions based on the interest of the Company, by taking into account the provisions in the Articles of Association of the Company and the prevailing regulations.
The Company is managed by the BOD, while the BOC conducts adequate supervision on the Company’s management. However, both boards are responsible for maintaining the continuity of the Company’s business in the long run. Therefore, the BOC and the BOD share their perception on the Vision, Mission and Values of the Company.
The Audit Committee was established to expedite the duties of the BOC, while to assist the duties of the BOD, an effective and efficient organizational structure has been established.