Corporate Governance

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The Company always prioritizes the Good Corporate Governance aspects as an integral part and foundation in consolidating the Company’s position amid the increasingly competitive industrial rivalry. The Company believes that the good GCG implementation will support the Company’s efforts in actualizing every business target to protect the rights of all Stakeholders.

One of the undertakings to enhance a company or organization’s performance is by applying Good Corporate Governance (GCG). The guidelines of GCG is   one for all of the Company’s Human Resources in making decisions and taking actions by referring to high moral standards, legal compliance and awareness of social corporate responsibility for stakeholders in a consistent manner.

The GCG principles implementation within the Company refers to a number of juridical regulations. Some of them refer to Law no. 19 year 2003 regarding State Owned Companies; and Law no. 40 year 2007 concerning Limited Companies. Besides that, the Company is also based on Regulation of the Minister of State-Owned Enterprises No. PER-09 / MBU / 2012 concerning Amendment to the and Regulation of the State-Owned Enterprises Minister No PER-01/MBU/20111 dated August 1, 2011 regarding the Implementation of Good Corporate Governance in the State-Owned Enterprises, which is the amendment of State- Owned Enterprises Minister Decision Letter no.  Kep-117/MBU/2002 regarding implementation of Good Corporate Governance practices in State Owned Enterprises.

The principle of PT Pelabuhan Indonesia II (Persero) in GCG practice are : 

1. Transparency 

That is the clarity of executing  decision making processes and openness in disclosing relevant information and materials on the Company. The Company guarantees transparency and objectivity  in executing decision making procedures  to run its business activities. The Company provides material and relevant information on the company which enables easy access and understanding for Stakeholders. The Company also takes initiatives to reveal, not only required information based on the Article of Association and current Laws and Regulations but also other significant and influential matters to Stakeholders’ decision making processes.

2. Accountability
 

Namely clarity of function, implementation and answerability  of organs so that the management of the Company is executed effectively. The Company is run effectively. The Company operates with high accountability and is responsible for all actions in a transparent and fair manner for the interest of the Company in accordance with regulations in the Company’s Article of Association, current Laws and Regulations, business code of conduct and the Company’s corporate culture by always paying attention to stakeholders’ interest in order to achieve the best performance of the Company in a sustainable way.

3. Responsibility 

i.e. conformity of the Company management to current Laws and good corporate principles; the Company remains faithful to prudence principle and ensures compliance with the Company’s regulations, Article of Association and current Laws. The Company also implements corporate social responsibility, among other things are public and environmental concerns especially in the  vicinity of the Company by setting up a proper  planning and implementation which in turn enables the Company’s business sustainability.

4. Independency 

i.e. a condition in which the Company is managed professionally without any conflict of interests and intervention/ pressure of any other parties which may not be in line with the legal rules and good corporate principles.

5. Fairness

Which means justice and equality in acknowledging rights of Stakeholders which arise based on agreements and Legal Rules. All  Stakeholders must have opprtunities to be treated fairly by the Company. The application of the principle is expected to be able to prevent unjust practices by some people in the company and may cause losses of others. The Company always maintains the relations with employees and avoids any discriminatory practices and respects employee rights.

6.  Trusted 

Which means continuous implementation of GCG will enable the Company to gain the trust of its stakeholders as a basis for building credibility and reputation.

In the implementation, the Company not only fulfill liabilities as stated in these regulations but also sees it as competitive edges in the efforts of developing businesses in a sustainable way. Therefore, the entire management and employees of the Company highly uphold the commitment to reinforcing GCG principles for the sake of actualizing good, ethical and responsible business management practice.

The Company periodically conducts an assessment of GCG practice with the objective to measure the implementation of GCG practice and also to know what improvements are needed in the implementation of GCG. The methodology for the assessment refers to the scorecard stated in the Decree of the Secretary of the Ministry of SOE SK-16/S.MBU/2012 dated June 6, 2012 on the Indicator/Parameter of Assessment and Evaluation on the Implementation of Good Corporate Governance Governance) to StateOwned Enterprises with some adjustments made.

The achievement of GCG score for 2012 - 2016 are :

Year

Achievenment Score of GCG

Assessor

Assessment Type

2012

75,69

BPK Provinsi DKI Jakarta

Self Assessment

2013

78,12

BPK Provinsi DKI Jakarta

External Assessment

2014

83,48

BPK Provinsi DKI Jakarta

Self Assessment

2015

83,21

BPK Provinsi DKI Jakarta

External Assessment

2016

93,32

PT Multi Utama Indojasa

External Assessment



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