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INTP:IJ Rp. 15,025 altimage 5.07%
01-Dec-2020 16:54
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INTP:IJ Rp. 15025 altimage 5.07%
01-Dec-2020 16:54

Implementation of Key Principles

GCG PURPOSE

Indocement believes that systematic and consistent Good Corporate Governance (“GCG”) is an important requirement and should be manifested to achieve the following objectives:

  1. Maximize value of the Company for shareholders by taking into account the interests of other stakeholders;
  2. Increase the Company’s competitiveness nationally and globally;
  3. Encourage the achievement of sustainability for the Company through a management system based on the GCG principles of transparency, independency, accountability, responsibility as well as fairness and equality;
  4. Encourage professional and efficient Company management;
  5. Empower and improve the independence of Company bodies and encourage them to take decisions and perform actions based on high moral values and in compliance with the prevailing legislations;
  6. Control and direct relationships between Company’s bodies; an
  7. Encourage the social responsibility awareness of stakeholders and preserve the environment in the Company’s business locations.

GCG PRINCIPLES

The Company is fully committed to the continued improvement and implementation of the GCG principles of Transparency, Accountability, Responsibility, Independency and the Fairness and Equality, which serve as Company guidelines on how to conduct its business.

Transparency

Indocement implements the transparency or openness principle and is committed to provide information that is accurate, clear, timely and transparent to its shareholders and stakeholders.

Accountability

Indocement is committed to ensure 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 comply 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 execute 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.

Indocement, a producer of Semen Tiga Roda Cement and Semen Rajawali