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GCG Assessment

GCG Assessment

The Company assesses the implementation of GCG consistently each year to determine the adequacy of the implementation of GCG, which is performed by the Independent Assessor. The assessment results are disclosed to the public through the Company’s website, as well as included in the Annual Report. The Board of Directors and Commissioners is also report on the status of GCG implementation progress to Shareholders in the Annual GMOS. Assessment is performed by using a variety of best practice standard referenced by ANTAM both best practices prevailing in Indonesia and prevailing abroad. The annual assessment by an independent party has been running since 2004 and in its implementation in cooperation and fully supported Company’s Organ. Achievement of ANTAM's GCG Implementation as follows:

Parameter Assessor Achievement of
Financial Year 2018
Achievement of 
Financial Year 2019
Corporate Governance Perception Index (CGPI) Indonesian Institute of Corporate Governance (IICG) 88.81
(Most Trusted Company)
90.11
(Most Trusted Company)
ASEAN Corporate Governance Scorecard RSM Indonesia 84.07
(Good)
85.71
(Very Good)
BUMN Scorecard, SK-16/S-MBU/2012 RSM Indonesia 97.01
(Very Good)
98.28
(Very Good)
Australian Securities Exchange (ASX) Corporate Governance Principles and Recommendations RSM Indonesia 93.10
(Very Good)
92.10
(Very Good)
Pedoman Tata Kelola Perusahaan Terbuka-OJK Self Assessment Fully Comply Fully Comply
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