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In conducting its business and in ensuring steady growth while thoroughly adhering to prevailing laws and regulations, the Company upholds the following five GCG principles at all times:







  • The Company conducts its business with a high degree of transparency (openness), by providing all of its stakeholders with adequate access to
    all relevant and authentic information related to its business in an accurate and timely manner, in keeping with the interest of each stakeholder.

  • All decisions made by the executives and the staff of the
    Company are entirely the responsibility of the Company. The Company has the responsibility to provide comprehensive
    details on the measures that it has taken, to the rightful stakeholders that have requested such a response from the Company.

  • The Company ensures that every plan, decision, and
    implementation of policies is performed in the interest of the stakeholders, whenever applicable. All operational and financial activities, including the Company’s business development plans, are established, conceived, and
    performed in a fair and just manner, by taking into account allfactors that may significantly affect the Company’s business, and without discriminating against parties on the grounds of their affiliations entirely unrelated to the Company’s business. 

  • The Company prevents any interference of the BOC in all actions of the management and the decisions taken by the management, avoids any transactions with potential conflict of interest, and respects the rights of its minority shareholders by appointing an Independent Commissioner.

  • The Company has established certain standardized and
    professional protocols for its every activity, and has performed such protocols in line with the prevailing policies in the Company.

The application of good corporate governance (GCG) is as a form of compliance to regulations that have been set. Corporate governance practices are essential to enhance performance and provide a good service to all customers. Good GCG, can reduce the risk of certain adverse risks-operational and financial performance of the company.

GCG is implemented at the general meeting of shareholders), Board of Commissioners and the Board of Directors and the Audit Committee. The sequential structure of corporate governance is the general meeting of shareholders, Board of Commissioners, and the Board of Directors. The highest authority and the main decision-making forum is the Annual General Meeting of Shareholders is held once a year. Through the meeting of the shareholders can exercise his right to make decisions, and make an endorsement of various company policies.

  1. General Meeting of Shareholders (GMS)

  2. Board of Commissioners (BOC)

  3. Board of Directors (BOD)

  4. Audit Committee

  5. Nomination and Remuneration Committee

  6. Corporate Secretary

  7. Internal Audit Unit

  8. Internal Control System

  9. Risk Management

  10. Code of Ethics

  11. Whistleblowing System

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