As a public listed company, The Company is committed to comply with all the prevailing laws and regulations and carry out best practices for creating a Company with sustainable growth. To this end, the Company consistently implements Good Corporate Governance principles including transparency, accountability, responsibility, independency and fairness consistently coupled with the development of corporate values. Thus, the quality of GCG implementation and the overall performance of the Company can be maximized. To ensure the implementation of GCG, the management has constructed the following steps:
Code of Conduct
With the spirit of GCG, the Company has formulated and implemented corporate code of conduct and culture to serve as guidance both to the implementation of operational activities and in each decision making within the Company. The Board of Commissioners, Board of Directors and employees are committed to uphold values as well as comply with the Code of Conduct to ensure fair and balanced relations with all stakeholders including customers, business partners, communities where the company operates, regulators and society at large.
The Company endeavors to maintain ethical standards, morality and good behavior in all aspects of the business as part of the Company's commitment to implement good corporate governance (GCG). To this end, in 2013 the Company has set up a Whistleblowing System framework where the employees and external parties of the Company are given the opportunity to present information on the practices that allegedly distorted, mal - practice or abuse of authority occurred in the Company and ensure that the informer (whistleblower) will be guaranteed anonymity.
Each incoming report will be seen in order to determine the nature of the problem that actions will be taken for further investigation. If deemed necessary, the Committee may conduct their own investigation or may order an independent investigation agency to follow up on complaints received. The report on the complaint, the findings of the investigation and follow-up reports for the actions that have been taken will be submitted to the President Director.
Each record of all complaints received coupled with a report on the action taken will be documented by the person who serves as the Administrator. Notes will be made available to members of the Audit Committee upon their request. Furthermore, the Audit Committee shall maintain those records and report to the President Director as necessary.
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