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Good Corporate Governance

IPC always prioritizes the Good Corporate Governance aspects as an integral part and foundation in consolidating the Company’s position

IPC always prioritizes the Good Corporate Governance aspects as an integral part and foundation in consolidating the IPC’s position amid the increasingly competitive industrial rivalry. IPC believes that the good GCG implementation will support the IPC’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 IPC’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 IPC refers to a number of juridical regulations. Some of them refer to Law no. 19 year 2003 regarding State-Owned Companies (Badan Usaha Milik Negara); 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.

IPC Good Corporate Governance's Principal

  • Transparency 

Transparency in every decision-making process and in disclosing material and relevant information

  • Accountabillity

Clarity of function, implementation and accountability of all IPC organs until units 

  • Responsibility

​​​​​​​Management of IPC compliance to all applicable laws and regulations, as well as soPs.

  • Independency

​​​​​​​Professional management that is free from conflict of interest or pressure and influence of others

  • Fairness

​​​​​​​Fairness and equity in fulfilling the rights of stakeholders.
 

  • Trusted

Earning the trust and full support of all stakeholders.

IPC Good Corporate Governance's Score

In the implementation, the IPC 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 IPC highly uphold the commitment to reinforcing GCG principles for the sake of actualizing good, ethical and responsible business management practice.

IPC 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 to Enterprises Stakeholder with some adjustments made.

The achievement of IPC's GCG score for 2012 - 2018 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 
2017 96,369   PT Multi Utama Indojasa External Assessment 
2018 98,303  PT Multi Utama Indojasa External Assessment