Prohibition of the Monopolistic Practice and Unfair Competition

1 56 56 c. Secure public interest and increase the efficiency of the national economy as one of the efforts to improve the peoples welfare by avoiding monopolistic practices and unfair competition. Policy in Implementing the Principle of the Company Compliance to Prohibition of Monopolistic Practices and Unfair Competition. Insan SUCOFINDO is forbidden to Ă͘ Conduct monopolistic practice and unfair business competition that violate the legislation. ď͘ Create understanding, alliance, plans and or other similar things, either formal or informal, with other parties that leads to the practice included in the monopolistic practices and unfair business competition, which are prohibited by the prevailing legislation.

3. Long-term Business Plan

Long-term business plan RJPP is a strategic plan that includes a formula regarding the goals and objectives to be achieved by the Company in a period of 5 five years. The Board of Directors is obligated to prepare the plan in order to improve the efficiency and productivity of the Company. Policies in preparing the Company long-term business plan a. The Company long-term business plan RJPP at least contains: 143 1 Introduction Background and history of the Company, vision and mission, goals and objectives of the Company, organizational structure and composition of the Board of Commissioners and Board of Directors and the development of the Company in the past 5 five years. 2 Evaluation of the implementation of the long-term plan, which contains explanation and details about: a Variance analysis between actual and budget plan every year. b Achievement of the determined objectives and irregularities occurred; c Implementation of strategies and policies that have been set; and 143 Decree of the Minister of SOE No. KEP-102MBU2002 1 C HA P T E R I IN T R O D U C T IO N C HA P T E R I I T H E PR IN C IPL ES O F G O O D C O R PO R A T E G O VER N A N C E C HA P T E R I I I T H E C O MP A N Y O R G A N S C HA P T E R I V T H E C O MP A N Y’ S PR IN C IP A L PO L IC Y C HA P T E R V I MA N A G EMEN T O F R EL A T IO N - SH IP W IT H ST A K EH O L D ER S C HA P T E R V I I IMPL EMEN T A T IO N O F G U ID EL IN ES C HA P T E R V I I I C L O SI N G C HA P T E R V MA N A G EMEN T O F SU B SI D IA R IES 57 57 d Constraints and problem-solving efforts that have been made. 3 The Companys current position, including market share position and an analysis of the strengths, weaknesses, opportunities and threats SWOT and the results of mapping the markets and products, as well as the strategic issues encountered. 4 The desired condition of the Company in future, includes objective and growth target, strategy and management policies, programs and the annual strategic work plan for 5 five years. 5 Financial projections of the Company, which includes the assumptions used, the investment plan and the source of funding, income projections, projected balance sheet, and cash flow projections each year for 5 five years. 6 Corporate level strategic cooperations of more than 5 five years term. 7 Structuring and development policies of the subsidiaries for the next 5 five years. b. Preparation of the Company long-term business plan RJPP is meant to increase the accountability of the Board of Directors and management in utilizing resources and funds of the Company toward the achievement of results as well as increase of the Company’s valuegrowth and productivity in the long term. The process of drafting and ratification of the Company long-term business plan are as follows: 1 Preparation of the Company long-term business plan includes the process of objective setting and long-term assessment that is oriented toward the future, as well as decision making that maps the Companys current conditions and the expected goal. 2 The formulation of the Company long-term business plan is conducted by the Board of Directors and the management of the Company by combining a top-down and bottom-up approaches 3 Each of party involved in the process of formulation of the Company long-term business plan should be accountable and ensure that all information and data used in the formulation is current and accurate.