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mandatory to disclose it and the concerned employee is prohibited for participating in the decision-making process.
Policy in avoiding the conflict of interest and preferential treatment a. Disclose the shares ownership in the Company or in other company
in the special list as required by the prevailing legislation applied for each member of the Board of Commissioners and Board of Directors.
b. Insan SUCOFINDO avoids conflict of interest and preferential treatment by not:
1 Utilizing personal position for his personal, other people or other party interests that is detrimental to the Company,
2 Using important and confidential information for personal, other people or other party interests that is detrimental to the
Company, 3 Conducting business related to competitor or goodsservices
provider, 4 Providing, offering andor selling goods, cash from the Company
to his family andor friend. 5 Conducting business outside the Company or work full or part
time for other companies, the competitors, other business entities that have the same business with the Company.
c. Insan SUCOFINDO, along with their family andor friends, must avoid
conflict of interest and preferential treatment by not: 1 Allowing directly or indirectly to sell goods or services to the
Company if Insan SUCOFINDO has the authority or is involved in the process of purchase, payment or the usage.
2 Allowing to receive fees, money, loans or payment of in any form from parties who have a direct relationship with his position.
d. Allowing Insan SUCOFINDO to perform dual work outside the Company for the positionjob of:
1 Social community, 2 Work that is assigned by PT SUCOFINDO PERSERO as far as
not contrary to the prevailing legislation. e. Insan SUCOFINDO who will occupy the position in the Government
or political parties andor other work outside the Company should obtain written permission from the Company with acknowledgement
of the Board of Commissioners, and is considered resign from the Company on his own will.
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8. Information Technology Governance IT Governance
Management of Information Technology IT at the Company is intended as the basis of an application that is able to create the communication
and information that support the business needs of the Company. The reliability of information technology can provide services and facility that
are able to compete in the future. The application of information technology governance is developed with
competent resources owned by the Company. Policies in Implementing information Technology Governance:
a. Provide and develop an IT system, which secure communication and information within the Company or other parties outside the
Company effectively, efficiently and in accordance with the prevailing legislation.
b. Prepare IT Master Plan for a period of 3 - 5 years that is aligned with the Company Long-term Plan and support the strategy and
objectives of the Company and further elaboration of the Master Plan.
c. Conduct monitoring and evaluation of the implementation of IT to find out the successful achievement of the IT implementation, results and
objectives that are planned including periodic audit. d. Adjust the IT to anticipate changes in development of information
technology and business needs of the Company.
9. Legal
The Company performs the legal process to ensure the legality, compliance of the Companys business to the prevailing legislation and to
ensure the continuity of the Companys business. Legal reference that is used by the Company is legislation issued by the
Government as well as other regulators that is applicable either in the territory of the Republic of Indonesia or international.
Policy in the legal process requires the following things:
a. Secured documentation and transparent reporting by keep maintaining confidentiality aspect so that the decisions taken can be
justified.
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b. Clear accountability for all employees, who have the tasks associated with the legal process of the Company, in accordance
with their respective designated authority. c. All employees, who are involved in the legal process of the
Company, should be free from any potential conflict of interest and keep prioritizing the interests of the Company.
d. Provide services that can meet the needs of shareholders, the Board of Commissioners, Board of Directors, the Companys stakeholders
in a fairly manner. e. Legal proceedings undertaken by the Company is in line with the
implementation of the corporate strategy, which guarantee that the entire legal risk is under the supervision of the Board of Directors.
f. Clear arrangement on the legal advices to the Board of
Commissioners, the Board of Directors and Employees in order to perform their duties in compliance with the prevailing legislation.
g. Clear recommendation
on all
legal implications
of any
contractsagreements with other parties within the corridor of legal risk management legal risk tolerance and be ackknowledged by the
Board of Commissioners and Board of Directors, according to their respective authority, as prescribed in the Articles of Association and
the prevailing legislation.
h. If there is a summon from the court andor from other law enforcement agencies, either as a witness or to provide information
in a matter relating to the Company, it should have been well- coordinated.
i. Use of legal consultantlawyernotary to oversee legal proceedings,
treaties and the legality of the Company or business unit that has been coordinated with internal legal unit and consider the costs and
benefits for the Company.
10. Corporate Development
In the effort to maintain market position in the field of inspection and testing, in addition to using the generic strategies in maintaining the
Companys business, the Company also seeks improvement of strategies of an-organic business and productmarket development.
Development activities is focused on the prospective, innovative and feasible business that provide added value and competitiveness of the
