The company management based on the principles of Good Corporate Governance (GCG) is an essential attempt to make GCG as a rule and guideline for company managers in performing their business activities.
The implementation of GCG principles is necessary to make the company survive and be resilient in facing the increasingly fierce competition. GCG is expected to be a means to better oversee the company in achieving the vision, mission, and goals.
The company realizes that the consistent implementation of GCG is necessary to increase accountability and to actualize the shareholder values in the long term, without neglecting the interests of other stakeholders. For this reason, the company needs to formulate a Code of Corporate Governance (COCG) in order to implement the GCG principles consistently, to optimize all values of all the stakeholders, and to produce mutually beneficial patterns of economic relations.
COCG is an affirmation of the GCG principles, the applicable laws and regulations, the cultural values of the company, the company’s vision and mission, as well as the GCG best practices. The Good Corporate Governance that has been prepared must become a reference for the shareholders, the board of commissioners, the directors, the employees and other stakeholders in making relationships with the company. Given the dynamic and developing nature (evolving) business environment, the Good Corporate Governance prepared by the company is always adjusted to the internal or external conditions. Continuous assessment is also always carried out in an effort to achieve the best work standards for the company.