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.
Transparency in every decision-making process and in disclosing material and relevant information
Clarity of function, implementation and accountability of all IPC organs until units
Management of IPC compliance to all applicable laws and regulations, as well as soPs.
Professional management that is free from conflict of interest or pressure and influence of others
Fairness and equity in fulfilling the rights of stakeholders.
Earning the trust and full support of all stakeholders.