Governance

The Ethics Committee is established to ensure that the Code of Conduct has been implemented properly at every level of the organization. The Ethics Committee is under the Board of Directors’ supervision, with the main objectives to supervise and collect information on the implementation of Code of Conduct.

LEGAL BASIS

1. Company’s Articles of Association;
2. Board of Directors’ Decision No. 007/Kpts/ITP/V/2006 dated 30 May 2006 on Employees Code of Conduct;
3. Board of Directors’ Decision No. 019/Kpts/Dir/ITP/XI/2018 dated 1 November 2018 on Indocement Code
   of Conduct;
4. Board of Directors’ Decision No. 020/Kpts/Dir/ITP/XI/2018 dated 1 November 2018 on Ethics Committee.

DUTIES AND RESPONSIBILITIES
The duties and responsibilities of the ESG Committee are:

1. Monitor and collect information on the implementation of Code of Conduct;
2. Determine the alleged violation of the Code of Conduct;
3. Invite the party suspected of committing an offense, the party providing information and/or witness, or other party participating in the investigation/ prosecution process;
4. Conduct investigation and carry out prosecution/trials to decide and resolve cases of violation of the Code of Conduct;
5. Determine sanction from the Ethics Committee, which is given through the highest leadership in the Directorate, or Operation Unit/Plant/Division to those who violate the Code of Conduct in accordance with the applicable regulations.

ETHICS COMMITTEE’S MEETINGS

ETHICS COMMITTEE’S DUTY IMPLEMENTATION REPORT

In 2023, the Committee will revisit the Indocement Ethics Guidelines. The revision was conducted in connection with updating several guidelines by Heidelberg Materials and revision on provision of communication with stakeholders, social media usage and conflict of interest regulation.