Key Principles
To achieve the objectives of GCG implementation, the Company continues to improve and implement GCG principles consisting of Transparency, Accountability, Responsibility, Independence, and Fairness and Equality, as guidelines for the Company in carrying out its operational activities. In accordance with the Guidelines for the Implementation of Good Corporate Governance, the principles of GCG are defined as follows:
- Transparency, Indocement implements the transparency or openness principle and is committed to providing information that is accurate, clear, timely, and transparent to its shareholders and stakeholders.
- Accountability, Indocement is committed to ensuring that all decisions made are strategic actions that can be accounted for measurably. The duties and powers of work units within the Company's organization, as well as their accountability, are clearly defined in the work profile of each unit and are governed by standard operational procedure and enterprise resource planning (ERP) procedures.
- Responsibility, Indocement is committed to complying with applicable laws and regulations, as well as carrying out its responsibilities to communities and the environment.
- Independency, Indocement conducts its activities independently, without coercion or pressure from any party. The Company is committed to executing its business professionally.
- Fairness and Equality, Indocement continues to ensure that the rights and interests of all shareholders, both majority and minority, are met, and provide equitable and equal treatment to all stakeholders.
