The Company’s commitment to cultivating Governance practices is realized by referring to these governance principles. The principles include transparency, accountability, responsibility, independence, and fairness which will be explained in detail as follows.

Transparency

The Company continuously reports all information related to its business and operational activities. Information concerning such matters is published through the Company’s website and Indonesia Stock Exchange’s website for the convenience of all stakeholders. The principle of transparency is applied through the following practices:

1. Providing accurate and fully accountable information; and
2. Delivering information in a timely manner through lines of information that are transparent and accessible to all stakeholders.

Accountability

The Company ensures that all business activities and operations are in compliance to the prevailing laws and regulations and agreed agreements. This is done to ensure that all the Company’s business activities and operations can be legally accounted for. The principle of accountability is implemented through the following actions:

1. Periodically monitor and evaluate the formulation and practice of Standard Operating Procedures (SOP) in every business activity and operation; and 
2. Deliver financial statements along with information on the Company’s business activities and operations to the shareholders through Annual Reports and Annual General Meeting of Shareholders (AGMS).

Responsibility

In conducting its business and operational activities, the Company always complies to the prevailing laws and regulations as a form of its responsibility to all stakeholders. The principle of responsibility is implemented through the following practices:

1. Conduct business practices based on the Company’s vision, mission, objectives and code of conduct;
2. Refer to the prevailing laws and regulations and agreed agreements in carrying out the Company’s business activities and operations; and
3. Monitor and keep up with business practice policies, as well as the Company’s management system based on the latest legislation stipulated by the Government on a regular basis. 

Independence

The principle of independence is applied by the Company as an effort to minimize potential conflicts of interest from external parties. The principle of independence is applied by the Company through the following actions:

1. Board of Commissioners, Board of Directors and Corporate Secretary should carry out their duties and responsibilities in accordance with the terms as stated in their respective appointments, without delegating their duties and responsibilities to other parties;
2. Board of Commissioners, Board of Directors and Corporate Secretary decide and make every policy independently based on the Company’s business activities and operations, without interference from external interests;
3. The Company’s Independent Commissioners oversee the Company’s Board of Commissioners independency.

Fairness and Equality

The Company applies the principles of equality and fairness at all levels within the organization, based on each employee’s job function and performance. The principle is applied as follows: 

1. The Company applies equal treatment to all shareholders and its employees in accordance with the laws and regulations stipulated by the Government and/or set by the Company; and
2. The Company provides unlimited access to reward and punishment to each management level based on achievements and/or sanctions conducted at all management level.