INTP:IJ Rp. 12,450 altimage 0.00%
11-May-2021 15:37
INTP:IJ Rp. 12450 altimage 0.00%
11-May-2021 15:37

Governance Structure

Good Corporate Governance Structure

Pursuant to Law of the Republic of Indonesia No. 40 of 2007 on Limited Liability Company, corporate governance structure is broadly outlined in the Company’s main organs, which are the General Meeting of Shareholders (GMS), Board of Commissioners, and Board of Directors. As stated in the Company's Articles of Association and applicable laws and regulations, each organ has an important role in implementing GCG and executing its functions, duties, and responsibilities for the Company’s interest.

GCG is applied systematically and continuously so that the GCG principles become references in Indocement’s daily activities. In managing the Company, the Board of Directors is supported by effective management structure and supporting organs consisting of Corporate Secretary, Internal Audit, and Safety Committee. In performing monitoring function, the Board of Commissioners is supported by its supporting organs such as Audit Committee and Nomination and Remuneration Committee.

Each organ performs its duties, functions, and responsibilities independently for the Company’s interest in accordance with the laws and regulations, Company's Articles of Association, and other applicable provisions.

The Company's Governance Structure is shown as follows:



Mechanism of Good Corporate Governance

To ensure seamless implementation of GCG principles and achieve the pre-determined goals, the Company has formulated sound corporate principles and generally accepted business ethics, which are commonly called as “GCG soft structure”. GCG soft structure is updated from time to time according to needs and development of the applicable laws and regulations. Until the end of 2019, GCG soft structure of the Company is as follows:



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