PT Antam (Persero) Tbk

Management of Conflict of Interest & Insider Trading
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Conflict of Interest

Conflict of interest is a situation where there is a difference between the economic interests of the Company and the personal economic interests of shareholders, the Board of Commissioners and the Board of Directors, and employees of the Company. Management of the conflict of interest in ANTAM refers to Bapepam regulation IX.E.1 related to Affiliation Transaction and Certain Conflict of Interest.as well as Bapepam regulation IX.E.2 concerning Material Transaction and changes of primary business activity. In ANTAM’s internal regulations, conflict of interest management stated in:

 

  1. The Articles of Association of the Company That the transaction containing conflict of economic interest of members of the BOC, BOD or shareholders, required the GMOS approval that needs the affirmative vote from Shareholders who do not have a conflict of interest as further stipulated in Article 18 paragraph 8 in the Articles of Association of the Company.
  2. Corporate Governance Policy (CGP) That each member of the BOC, BOD and Employees of the Company who have decision making authority is required Every year to make a statement of not have conflict of interest against any decision that has been made By him and has implemented the Code of Conduct set by the Company.
  3. Code of Conduct (CoC) Conflict of Interest section, namely, Insan ANTAM have the right to participate in the financial activities, business, social, cultural, political and other lawful activities outside of work about its obligations to the Company. These activities must be legal and free from conflicts of interest with their responsibilities as Insan ANTAM. Insan ANTAM must not misuse the resources or influence of the Company which can be discredit the reputation of the Company.
  4. Charter of the Board of Commissioners, That Members of the Board of Commissioners must disclose all conflicts of interest facing or potential be a conflict of interest or anything that can inhibit members of the Board of Commissioners to act independently.
  5. Charter of the Board of Directors That the Board of Directors must disclose the entire conflicts of interest that is being faced and potential conflict of interest which can inhibit member of the Board of Directors to act independently.

 

To further avoid the conflict of interest by the Board of Commissioners and the Board of Directors, ANTAM prohibited prohibit all the Board of Commissioners and the Board of Directors to make personal loan to the Company.

Throughout 2016, there was no conflict of interest related events conducted by the Board of Commissioners and the Board of Directors of the Company. It listed in a statement letter had acted independently during 2016 and the publication of a special register of the Company’s share ownership signed by the Board of Commissioners and the Board of Directors and have been published on the Company website.


Insider Trading

Anyone within the organization who has privileged relationship to the Company should not trade the Company's securities based on undisclosed material information or facts. Hence, the Company has set out the Company Securities Trading Policy based on the Board of Directors Decree No. 243.K/02/DAT/2013 which published solely in internal portal.

The policy is intended to avoid the conflict of interest as well as to govern the company securities trading, specifically that everyone should not trade the company's securities while having information or material facts that is not/has not been published, dissemination of information or material facts selectively as well as the tipping related to the information or material facts that is not/has not been published. This policy governs the provision of company’s securities trading monitoring responsibility, activities that are prohibited, closing period, securities trading by member of BOD and or BOC, implementation of securities trading restriction and penalty for violations.

Anyone within the Company refers to:

 

  1. Commissioners, Directors, or employees;
  2. Major shareholders;
  3. Individuals with positions or professions or relationship to the Company have access to inside information; or
  4. Anyone within the last 6 (six) months has no longer as part of number a, b and c above.

 

Supervisory officials of Company's Securities Trading Obedience is Corporate Secretary, and in the case of Corporate Secretary is unavailable or absence, Investor Relations Officer is in charge to fulfill that role.

Throughout 2016, there are no stock trading violations committed by the Company.

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