Good Corporate Governance (GCG) is a commitment , structure and procedure or system created in order to manage the organization or company professionally in order to provide economic value to stakeholders.
Based on the Financial Services Authority Circular Number 32/SEOJK.04/2015, the company is committed to implementing Good Governance Governance (GCG). As an institution that must be responsible to many stakeholders, the company is obliged to have and apply GCG according to the applicable rules.
Goals of applying GCG are as follows:
Basic principle to prepare GCG is based on: The Law Constitution of the Republic of Indonesia Number 40, 2007, about the Limited Liability Company; Republic of Indonesia Law No.8 Year 1995 on Capital Market; Capital Market and Financial Institutions Supervisory Agency (Bopepam-LK).
The company believes that GCG is the pillar that manages the company’s operational activities as well as the value and the culture which become the company’s image. Through applying the pillars, the company hopes that it will be imperishable and developing, and giving additional values for the stakeholders.
In applying GCG, the Company believes in several principles. They are:
Transparency and Openness
The company issues regular reports: they are Quarterly Financial Report, Semester Financial Report, and Audited Annual Financial Report, Annual Report and hold public exposure and give the information through printed and electronic media, in order to give transparent and open information to the stockholders.
The company has a website www.alkindo.co.id as a media to provide information and connect with shareholders or the public.
As an institution, the company has structures, systems and responsibilities that must be carried out in the context of managing operational or business activities in a professional and accountable manner in accordance with applicable standards.
The structures, systems and responsibilities that are determined must be evaluated through performance reports, third party audit and shareholder approval at the General Meeting of Shareholders.
An important example in implementing the principle is: every year directors give the annual budget plan to the commissioners board. At the same moment, there is a performance evaluation of the preceding year; submission of the financial report and Internal Audit Report in the General Meeting of Shareholders; appointment of external audit to audit the financial statements.
The company promotes the principle of accountability to stakeholders, employees, the environment, and the community. In line with this principle, the Company always studies first the impact of all decisions that will be taken.
In the General Meeting of Shareholders, the Directors explain all operational performances achieved. The company undergoes the corporate social responsibility as a responsibility to the public. The company believes that the public has a great role in the company’s operational existence. Thus, the company also gives some contributions for the public through periodical programs such as blood donor, planting, religious donation, etc.
The independence principle is always along with professionalism. The commissioners and board of directors always put forward the independence principle in making decisions in order to lead the productivity and efficiency increase in running the company’s operational activities.
Everyone in the company is demanded to be professional and given chances to suggest their ideas in supporting the productivity and efficiency increase in every function or unit in the company.
The company treats all stakeholders; the commissioners board, directors, employees, laborers, stockholders, and public with a genuine fairness.
The company signs an award for the rights and obligations of all the human resources in the company.