Referring to the Minister of State-Owned Enterprises Regulation Number Per-01/MBU/2011, August 1, 2011, in connection with the Minister of State-Owned Enterprises Regulation Number Per-09/MBU/2012,July 6, 2012, concerning the Implementation of Good Corporate Governance in State-Owned Enterprises (BUMN) which requires guidelines that can regulate an effective working relationship between the Board of Directors (BOD) and the Board of Commissioners (BOC), PT IPC Terminal Petikemas participates in the implementation of Good Corporate Governance (GCG).
Board of Directors is a corporate organ that is fully responsible for the management of PT IPC Terminal Petikemas to make sure it runs efficiently and effectively in accordance with the principles of GCG. In addition, the BOD is also responsible for ensuring all company management activities such as corporate strategy, internal supervision, corporate secretary activities, commercial, engineering, operations, finance, human resources and business development run efficiently and effectively and in accordance with GCG principles. BOD is also a representative of the company both internally and externally. BOD always carries out the management of the company as well as the management and protection of the company’s assets, the management of strategies and budget plans on a regular basis.
Board of Directors has duties to perform all actions related to the management of PT IPC Terminal Petikemas (IPC TPK) for the benefit of the company and in accordance with the aims and objectives of PT IPC Terminal Petikemas, as well as representing the company both inside and outside the court regarding all matters and events with restrictions as stipulated in the statutory regulations, the articles of association and the decisions of the General Meeting of Shareholders (GMS).
Every director must have good faith and full responsibility to perform his duties for the interests and the business of PT IPC Terminal Petikemas. The BOD is fully responsible for carrying out their duties for the benefit of PT IPC Terminal Petikemas in achieving its aims and objectives. In performing their duties, the BOD must comply with the articles of association of the company and the laws and regulations and must implement the principles of professionalism, efficiency, transparency, independence, accountability, responsibility, and fairness.