GCG Structure and Policy
The company has established a clear structure of authorities and responsibilities according to its function. The Company’s GCG structure refers to the Financial Services Authority Regulation number 21/POJK.04/2013 concerning the implementation of corporate governance and the Regulation of the Minister of State-Owned Enterprises number PER01/MBU/2011 dated August 1, 2011 and number PER-09/ MBU/2012 dated 6 July 2012 concerning the Implementation of Good Corporate Governance (GCG) for State-Owned Enterprises.
As a Limited Liability Company that was established and regulated in accordance with Law no. 40 of 2007 concerning Limited Liability Companies, the corporate governance structure consists of three main structures, namely the General Meeting of Shareholders, the Board of Commissioners, and the Board of Directors. Each of the structures plays an important role in the GCG implementation in accordance with their respective functions, duties and responsibilities.
By adjusting with the Company Organizational Structure, the GCG structure acts as a regulator to balance the elements and ensure their integrity for the Shareholders’ prosperity.