File GCG PT LSM Tbk

GOOD

CORPORATE

GOVERNANCE

PT Logindo Samudramakmur Tbk.

Sambutan Komisaris Utama III Sambutan Direktur Utama V

BAB I

PENGERTIAN DAN ASAS

GOOD CORPORATE GOVERNANCE

A. Pengertian GCG 2 B. Maksud dan Tujuan Pedoman 2

C. Asas GCG 3

1. Transparansi 3

2. Akuntabilitas 4 3. Responsibilitas 5

4. Independensi 6

5. Kewajaran dan Kesetaraan 6

BAB II

ETIKA BISNIS DAN PEDOMAN

PERILAKU

Prinsip Dasar 9

Pedoman Pokok Pelaksanaan 9 A. Nilai-Nilai Perseroan 9

B. Etika Bisnis 10

C. Pedoman Perilaku dan Kode Etik 10

BAB III

ORGAN PERSEROAN

A. Rapat Umum Pemegang Saham 16 B. Dewan Komisaris dan Direksi 18

C. Dewan Komisaris 20

D. Direksi 27

Message from President Commissioner III Message from President Director V

PART I

DEFINITION AND PRINCIPLES OF

GOOD CORPORATE GOVERNANCE

A. Deinition of GCG 2

B. Purposes and Objectives 2 of the Guidelines

C. Principles of GCG 3

1. Transparency 3

2. Accountability 4

3. Responsibility 5

4. Independency 6

5. Fairness 6

PART II

ETIKA BISNIS DAN PEDOMAN

PERILAKU

Basic Principle 9

Main Guidelines 9

for the Implementation

A. Company Values 9

B. Business Ethics 10 C. Code of Conduct and 10

Code of Ethics

PART III

ORGANS OF THE COMPANY

A. General Meeting of Shareholders 16 B. Board of Commissioners and 18

Board of Directors

C. Board of Commissioners 20 D. Board of Directors 27

DAFTAR ISI

BAB IV

PEMEGANG SAHAM

Prinsip Dasar 36

Pedoman Pokok Pelaksanaan 36

A. Hak dan Tanggung Jawab 36

Pemegang Saham B. Tanggung Jawab Perseroan 38

terhadap Hak dan Kewajiban Pemegang Saham

BAB V

PEMANGKU KEPENTINGAN

Prinsip Dasar 40

Pedoman Pokok Pelaksanaan 40

A. Karyawan 40

B. Mitra Bisnis 42

C. Masyarakat dan Pengguna Produk 42

dan Jasa

BAB VI

PERNYATAAN TENTANG

PENERAPAN PEDOMAN GCG

Prinsip Dasar 44

Pedoman Pokok Pelaksanaan 44

PART IV

SHAREHOLDERS

Basic Principle 36

Main Guidelines 36

for the Implementation A. Rights and Role of Shareholders 36

B. Responsibility of Company 38

against Shareholders

PART V

STAKEHOLDERS

Basic Principle 40

Main Guidelines 40

for the Implementation A. Employees 40

B. Business Partners 42

C. Society and Users of Product 42

and Services

PART VI

STATEMENT OF GCG

IMPLEMENTATION

Basic Principle 44

Main Guidelines 44 for the Implementation

Salam Sejahtera,

Praktek Good Corporate Governance

(GCG) adalah salah satu pilar dari sistem ekonomi pasar. Ia berkaitan erat dengan kepercayaan baik terhadap Perseroan yang melaksanakannya maupun terhadap iklim usaha di suatu negara. Penerapan GCG mendorong terciptanya persaingan yang sehat dan iklim usaha yang kondusif yang sangat penting untuk menunjang pertumbuhan dan stabilitas ekonomi yang berkesinambungan. Pedoman Pelaksanaan GCG ini berisi hal-hal sangat prinsip yang menjadi landasan bagi PT Logindo Samudramakmur Tbk. (“Perseroan”) untuk mempertahankan kesinambungan usahanya dalam jangka panjang dalam koridor etika bisnis yang berlaku.

Best Wishes,

Good Corporate Governance (GCG) practice is one of the pillars of market economy system. It is closely related to the trust to either the company that implements the principle or business climate in a country. The implementation of GCG encourages fair competition and conducive business climate that are very important to support sustainable economic growth and stability.

This GCG guideline contains principles that become the basis for PT Logindo Samudramakmur Tbk (“The Company”) to maintain the long-term continuity of its business within the corridors of appropriate business ethics.

Saya menyambut baik disusunnya Pedoman Pelaksanaan GCG ini, yang akan menjadi panduan bagi Perseroan dalam membangun, melaksanakan dan mengkomunikasikan praktek GCG ke semua pemangku kepentingan. Semoga Pedoman Pelaksanaan GCG ini berguna sebagai panduan untuk mendorong terciptanya iklim kerja dan usaha yang sehat di Perseroan dan menjadi bagian dari upaya penegakan tata kelola Perseroan yang baik (good governance).

Semoga Tuhan Yang Maha Kuasa selalu memberikan rakhmat-Nya kepada kita semua.

Jakarta, 25 April 2014

PT Logindo Samudramakmur Tbk.

Pang Yoke Min Komisaris Utama

I welcome the arrangement of this GCG code that will be the guideline for the Company in building, implementing and communicating the GCG practice to all stakeholders.

I hope this GCG implementation guideline will be useful as guideline in supporting the development of sound work and fair business climate, and become an integral part of the company’s eforts in the enforcement of good corporate governance.

May the Almighty God always give His grace to all of us.

Jakarta, 25 April 2014

PT Logindo Samudramakur Tbk.

Pang Yoke Min President Commissioner

Salam Sejahtera,

Penerapan Good Corporate Governance (GCG) dapat didorong dari dua sisi, yaitu etika dan peraturan. Dorongan dari etika (ethical driven) datang dari kesadaran individu-individu pelaku bisnis untuk menjalankan praktik bisnis yang mengutamakan kelangsungan hidup Perseroan, kepentingan stakeholders, dan menghindari cara-cara menciptakan keuntungan sesaat. Di sisi lain, dorongan dari peraturan (regulatory driven) “memaksa” Perseroan untuk patuh terhadap peraturan perundang-undangan yang berlaku. Kedua pendekatan ini memiliki kekuatan dan kelemahannya masing-masing dan seyogyanya saling melengkapi untuk menciptakan lingkungan bisnis yang sehat.

Best Wishes,

The implementation of good corporate governance (GCG) is driven from two sides, ethics and regulations. Ethical driven is come from the consciousness of business practitioners in doing their business by prioritizing survival of the company, the interest of stakeholders and avoiding short-term proit orientation. On the other hand, regulatory driven enforces company to comply with applicable laws and regulations. These two approaches have their own strengths and weaknesses, and they are supposed to be complimentary each other in creating sound business environment.

Pedoman Pelaksanaan GCG (“Pedoman GCG”) ini dipersiapkan dalam kerangka dorongan etika dan merupakan rujukan/acuan bagi PT Logindo Samudramakmur Tbk. (“Perseroan”) dalam menerapkan/melaksanakan GCG. Pedoman ini menjelaskan langkah-langkah yang perlu ditempuh untuk menciptakan situasi check and balance dalam rangka :

1. Mendorong tercapainya

kesinambungan Perseroan melalui pengelolaan yang didasarkan pada asas transparansi, akuntabilitas, responsibilitas, independensi serta kewajaran dan kesetaraan.

2. Mendorong pemberdayaan fungsi dan kemandirian masing-masing organ Perseroan, yaitu Dewan Komisaris, Direksi dan Rapat Umum Pemegang Saham.

3. Mendorong pemegang saham, anggota Dewan Komisaris dan anggota Direksi agar dalam membuat keputusan dan menjalankan tindakannya dilandasi oleh nilai moral yang tinggi dan kepatuhan terhadap peraturan perundang-undangan.

4. Mendorong timbulnya kesadaran dan tanggung jawab sosial Perseroan terhadap masyarakat dan kelestarian lingkungan terutama di sekitar Perseroan.

5. Mengoptimalkan nilai Perseroan bagi pemegang saham dengan tetap memperhatikan pemangku kepentingan lainnya.

6. Meningkatkan daya saing Perseroan, sehingga meningkatkan kepercayaan pasar yang dapat mendorong pertumbuhan usaha yang berkesinambungan.

Pelaksanaan GCG perlu dilakukan secara sistematis dan berkesinambungan. Untuk mencapai keberhasilan dalam jangka panjang, pelaksanaan GCG perlu dilandasi oleh integritas yang tinggi.

This GCG Implementation Guidelines ("GCG Code") was prepared within the ethical framework and becomes a reference for PT Logindo Samudramakmur Company Tbk. ("The Company") in implementing the GCG. This code explains the stages required to be taken to create a check and balance situation in order to:

1. Encourage the sustainable growth of the Company through a management that is based on the principles of transparency, accountability, responsibility, independency and fairness.

2. Encourage the empowerment of functions and independence of each organ of the company, namely Board of Commissioners, Board of Directors and General Meeting of Shareholders. 3. Encourage the shareholders, Board of

Commissioners and Board of Directors to make decisions and take actions based on high moral values and compliance to laws and regulations. 4. Encourage the awareness and social

responsibility of the company to community and environmental preservation especially in the company's surrounding area.

5. Optimize company’s values for shareholders by taking into account other stakeholders' interests.

6. Enhance the competitiveness of the Company, thereby increasing market conidence that can drive the sustainable business growth.

The implementation of GCG has to be performed in a systematic and continuous way. To achieve long-term success, the implementation of GCG must be based on high integrity.

Untuk melengkapi Pedoman GCG ini, maka kita harus segera menyusun kebijakan dan pedoman sebagai berikut :

1. Kebijakan untuk memastikan terlaksananya fungsi setiap organ Perseroan secara efektif;

2. Kebijakan untuk memastikan terlaksananya akuntabilitas, pengendalian internal yang efektif dan

pelaporan keuangan yang benar; 3. Pedoman perilaku yang didasarkan

pada nilai-nilai Perseroan dan etika bisnis;

4. Sarana pengungkapan informasi untuk pemegang saham dan pemangku kepentingan lainnya;

5. Kebijakan penyempurnaan berbagai peraturan Perseroan dalam rangka memenuhi prinsip GCG.

Selanjutnya agar pelaksanaan GCG dapat berjalan efektif, diperlukan proses keikutsertaan semua pihak dalam Perseroan dengan tahapan sebagai berikut:

1. Membangun pemahaman, kepedulian dan komitmen untuk melaksanakan GCG oleh semua anggota Direksi dan Dewan Komisaris, serta Pemegang Saham Pengendali, dan semua karyawan;

2. Melakukan kajian terhadap kondisi Perseroan yang berkaitan dengan pelaksanaan GCG dan tindakan korektif yang diperlukan;

3. Menyusun program dan pedoman pelaksanaan GCG Perseroan;

4. Melakukan internalisasi pelaksanaan GCG sehingga terbentuk rasa memiliki dari semua pihak dalam Perseroan, serta pemahaman atas pelaksanaan pedoman GCG dalam kegiatan sehari-hari;

To complete this GCG guideline, the company must immediately establish policies and guidelines as follows:

1. Policy to ensure that function of every organ of the Company is carried out efectively;

2. Policy to ensure that accountability, efective internal control and proper inancial reporting are performed properly;

3. Code of conduct that is based on company's values and business ethics; 4. Means of disclosure of information to

shareholders and other stakeholders; 5. Completion policy of various company’s

regulations in order to meet the principles of GCG.

In addition, for the efective implementation of GCG, all parties within the company are required to participate alongside the process with the stages as follows:

1. Building the understanding, awareness and commitment of all members of the Board of Commissioners and Board of Directors, controlling shareholders, and all employees to implement GCG; 2. Reviewing the company’s current state

in relation to the GCG implementation and the required corrective measures;

3. Arrange GCG program and

implementation guideline within the company;

4. Internalizing the GCG implementation in order to build a sense of belonging of all the parties in the company, as well as understanding of the implementation of GCG code in daily activities;

5. Melakukan penilaian sendiri atau dengan menggunakan jasa pihak eksternal yang independen untuk memastikan penerapan GCG secara berkesinambungan. Hasil penilaian tersebut diungkapkan dalam laporan tahunan dan dilaporkan dalam RUPS tahunan.

Pedoman GCG ini diharapkan menjadi dokumen yang hidup (living document) yang senantiasa disesuaikan dengan perkembangan keadaan yang dihadapi Perseroan dan menjadi sumbangsih yang bermakna bagi penegakan dan pemantapan pelaksanaan GCG di Perseroan.

Semoga Tuhan Yang Maha Kuasa selalu memberikan rakhmat-Nya kepada kita semua.

Jakarta, 25 April 2014

PT Logindo Samudramakmur Tbk.

Eddy Kurniawan Logam Direktur Utama

5. Conducting self-assessment or using the service of an independent external party to ensure continuous implementation of GCG. The outcome of such assessment shall be disclosed in the annual report and reported in the Annual General Meeting of Shareholders.

This GCG guideline is expected to be a living document which is always adapted to the development of the situation faced by the company and be a signiicant contribution to the enforcement and strengthening of the GCG implementation in the company.

May the Almighty God always give His grace to all of us.

Jakarta, 25 April 2014

PT Logindo Samudramakmur Tbk.

Eddy Kurniawan Logam President Director

BAB I

PART I

PENGERTIAN DAN ASAS

GOOD CORPORATE GOVERNANCE

DEFINITION AND PRINCIPLES OF

GOOD CORPORATE GOVERNANCE

A. Pengertian GCG

Good Corporate Governance (GCG) merupakan suatu pola hubungan, sistem dan proses yang digunakan oleh organ perusahaan (Direksi, Dewan Komisaris, Pemegang Saham) guna memberikan nilai tambah kepada pemegang saham secara berkesinambungan dalam jangka panjang, dengan tetap memperhatikan kepentingan para pemangku kepentingan (stakeholder) lainnya berlandaskan peraturan dan norma yang berlaku.

Dari deinisi di atas, dapat disimpulkan bahwa GCG merupakan :

1. Suatu struktur yang mengatur pola hubungan harmonis antara peran Direksi, Dewan Komisaris, Pemegang Saham dan para pemangku kepentingan lainnya.

2. Suatu sistem pengecekan, perimbangan kewenangan atas pengendalian Perseroan yang dapat membatasi munculnya dua peluang atau risiko: pengelolaan perusahaan secara tidak benar dan penyalahgunaan aset perusahaan.

3. Suatu proses yang transparan atas penentuan tujuan perusahaan, pencapaian, berikut pengukuran kinerjanya.

B. Maksud dan Tujuan Pedoman

Pedoman Pelaksanaan GCG ini disusun dengan maksud dan tujuan sebagai berikut:

1. Sebagai acuan bagi Direksi dan Dewan Komisaris Perseroan dalam menjalankan Perseroan dengan memperhatikan peraturan perundang-undangan, Anggaran Dasar Perseroan dan Prinsip-prinsip GCG.

2. Sebagai pedoman bagi Direksi dalam melakukan pengelolaan Perseroan secara profesional, transparan, dan bertanggung jawab serta dengan memperhatikan kepentingan Perseroan, pemegang saham dan para

pemangku kepentingan (stakeholders) lainnnya.

A. Deinition of GCG Principle

Good Corporate Governance (GCG) is a relationship pattern, system and process applied by the company organs (Board of Directors, Board of Commissioners, Shareholders) in order to provide added value to shareholders on an ongoing basis in the long term, by taking into account the interests of stakeholders (stakeholder) based on the applicable regulations and other norms.

From the above deinition, it can be concluded that the GCG is :

1. A structure that governs the pattern of a harmonious relationship between the role of the Board of Directors, Board of Commissioners, shareholders and other stakeholders.

2. A checking system, a balance authority over the Company's control which may limit the emergence of two chances or risks: incorrect management of company and misuse of company’s assets.

3. A transparent process for setting company goals, achievements, and their performance measurements.

B. Purposes and Objectives Guidelines

This GCG code is formulated with the purpose and objective as follows:

1. As a reference for the Board of Directors and Board of Commissioners in managing the company by complying with laws and regulations, company’s Articles of Association and GCG principles.

2. As guidance for the Board of Directors in managing the Company in a professional, transparent and responsible manner, and with due regard to the interests of the Company, shareholders and other stakeholders.

3. Sebagai pedoman bagi Dewan Komisaris dalam melakukan pengawasan yang efektif atas pengelolaan Perseroan yang dilakukan oleh Direksi.

C. Asas GCG

Perseroan mengacu kepada asas GCG yaitu transparansi, akuntabilitas, responsibilitas, independensi serta kewajaran dan kesetaraan untuk mencapai kesinambungan usaha (sustainability) Perseroan dengan senantiasa memperhatikan kepentingan setiap dan seluruh pemangku kepentingan (stakeholders).

1. Transparansi Prinsip Dasar

Untuk menjaga obyektivitas dalam menjalankan bisnis, Perseroan harus menyediakan informasi yang material dan relevan dengan cara yang mudah diakses dan dipahami oleh para pemangku kepentingan. Perseroan harus mengambil inisiatif untuk mengungkapkan tidak hanya masalah yang disyaratkan oleh peraturan perundang undangan, tetapi juga hal yang penting untuk pengambilan keputusan oleh pemegang saham, kreditur dan pemangku kepentingan lainnya.

Pedoman Pokok Pelaksanaan

a. Perseroan harus menyediakan informasi secara tepat waktu, memadai, jelas, akurat dan dapat diperbandingkan serta mudah diakses oleh pemangku kepentingan sesuai dengan haknya.

b. Informasi yang harus diungkapkan meliputi, tetapi tidak terbatas pada, visi, misi, sasaran usaha dan strategi Perseroan, kondisi keuangan, susunan dan kompensasi pengurus, pemegang saham pengendali, kepemilikan saham oleh

3. As guidance for the Board of Commissioners in conducting efective oversight of the management of the Company that is carried out by the Board of Directors.

C. GCG principles

The Company refers to the GCG principles of transparency, accountability; responsibility, independency, and fairness to achieve business sustainability by always taking into account the interests of each and all stakeholders.

1. Transparency

Basic Principles

To preserve and maintain the objectivity in practicing business, a company must provide material and relevant information that are easily accessible and understandable by stakeholders. The company must take the initiative to disclose not only the issues mandated by laws and regulations, but also other information deemed necessary by shareholders, creditors and other stakeholders to make a decision.

Main Guidelines for the Implementation

a. The Company must provide timely, appropriate, clear, accurate, comparable and accessible information to the stakeholders, which is commensurate with their rights.

b. Information disclosed include but not limited to the vision, mission, business targets and company strategy, inancial condition, composition and compensation of the management, controlling shareholders, shares owned by

anggota Direksi dan anggota Dewan Komisaris beserta anggota keluarganya dalam Perseroan dan Perseroan lainnya, sistem manajemen risiko, sistem pengawasan dan pengendalian internal, sistem dan pelaksanaan GCG serta tingkat kepatuhannya, dan kejadian penting yang dapat mempengaruhi kondisi Perseroan. c. Prinsip keterbukaan yang dianut

oleh Perseroan tidak mengurangi kewajiban untuk memenuhi ketentuan kerahasiaan Perseroan sesuai dengan peraturan perundang-undangan, rahasia jabatan, dan hak-hak pribadi.

d. Kebijakan Perseroan harus tertulis dan secara proporsional dikomunikasikan kepada pemangku kepentingan.

2. Akuntabilitas Prinsip Dasar

Perseroan harus dapat mempertanggungjawabkan kinerjanya secara transparan dan wajar. Untuk itu Perseroan harus dikelola secara benar, terukur dan sesuai dengan kepentingan Perseroan dengan tetap memperhitungkan kepentingan pemegang saham dan pemangku kepentingan lain. Akuntabilitas merupakan prasyarat yang diperlukan untuk mencapai kinerja yang berkesinambungan.

Pedoman Pokok Pelaksanaan

a. Perseroan harus menetapkan rincian tugas dan tanggung jawab masing-masing organ Perseroan dan semua karyawan secara jelas dan selaras dengan visi, misi, nilai-nilai Perseroan (corporate values), dan strategi Perseroan.

members of the Board of Directors and the Board of Commissioners and its family members in the company and other companies, risk management system, oversight and internal control system, GCG structure and mechanism and its level of compliance, and important events that may afect the condition of the company.

c. The transparency principle adopted by the Company does not lessen the obligation for fulilling provisions on conidentiality in accordance with laws and regulations, occupational conidentiality, and personal rights d. Company policies must be formally

written and proportionally communicated to stakeholders.

2. Accountability

Basic Principles

The company must be accountable for its performance transparently and fairly. Thus, the company must be managed in a proper and measurable manner, in such that it is aligned with the interest of the company by also considering the interest of shareholders and other stakeholders. Accountability is a prerequisite to achieve sustainable performance.

Main Guidelines for the Implementation

a. The company must clearly deine the job description and responsibilities of each company organ and all employees that are in line with the vision, mission, values, and company strategy.

b. Perseroan harus meyakini bahwa semua organ Perseroan dan semua karyawan mempunyai kemampuan sesuai dengan tugas, tanggung jawab, dan perannya dalam pelaksanaan GCG.

c. Perseroan harus memastikan adanya sistem pengendalian internal yang efektif dalam pengelolaan Perseroan.

d. Perseroan harus memiliki ukuran kinerja untuk semua jajaran Perseroan yang konsisten dengan sasaran usaha Perseroan, serta memiliki sistem penghargaan dan sanksi/konsekuensi (reward and punishment/consequence system). e. Dalam melaksanakan tugas dan

tanggung jawabnya, setiap organ Perseroan dan semua karyawan harus berpegang pada etika bisnis dan pedoman perilaku (code of conduct) yang telah disepakati.

3. Responsibilitas Prinsip Dasar

Perseroan harus mematuhi peraturan perundang-undangan serta melaksanakan tanggung jawab terhadap masyarakat dan lingkungan sehingga dapat terpelihara kesinambungan usaha dalam jangka panjang dan mendapat pengakuan sebagai good corporate citizen.

Pedoman Pokok Pelaksanaan

a. Organ Perseroan harus berpegang pada prinsip kehati-hatian dan memastikan kepatuhan terhadap peraturan perundang-undangan, anggaran dasar dan peraturan Perseroan (by-laws).

b. The company must ensure that all company organs and all employees shall have the qualiications that it its duty, responsibility, and role in the implementation of GCG.

c. The company must ensure the existence of an efective internal control system in the management of the company.

d. The company must have performance indicators for all members of the Board of Directors and the Board of Commissioners as well as the employees that are consistent with the company’s objectives, and have a reward and consequence system.

e. In executing its duty and responsibility, each company organ and all employees must uphold to the business ethics and code of conduct that have been agreed upon.

3. Responsibility

Basic Principle

The Company shall abide by laws and regulations and fulill its responsibilities to the communities and environment for the purpose of maintaining long term sustainability of the business and to be recognized as a good corporate citizen.

Main Guidelines for the Implementation

a. Organs of the Company shall adhere to prudential principle and ensure compliance with laws and regulations, company’s articles of association and bylaws.

b. Perseroan harus melaksanakan tanggung jawab sosial dengan antara lain peduli terhadap masyarakat dan kelestarian lingkungan terutama di sekitar Perseroan dengan membuat perencanaan dan pelaksanaan yang memadai.

4. Independensi Prinsip Dasar

Untuk melancarkan pelaksanaan asas GCG, Perseroan harus dikelola secara independen sehingga masing-masing organ Perseroan tidak saling mendominasi dan tidak dapat diintervensi oleh pihak lain.

Pedoman Pokok Pelaksanaan

a. Masing-masing organ Perseroan harus menghindari terjadinya dominasi oleh pihak manapun, tidak terpengaruh oleh kepentingan tertentu, bebas dari benturan kepentingan (conlict of interest) dan dari segala pengaruh atau tekanan, sehingga pengambilan keputusan dapat dilakukan secara obyektif.

b. Masing-masing organ Perseroan harus melaksanakan fungsi dan tugasnya sesuai dengan anggaran dasar dan peraturan perundang-undangan, tidak saling mendominasi dan atau melempar tanggung jawab antara satu dengan yang lain.

5. Kewajaran dan Kesetaraan (Fairness) Prinsip Dasar

Dalam melaksanakan kegiatannya, Perseroan harus senantiasa memperhatikan kepentingan pemegang saham dan pemangku kepentingan lainnya berdasarkan asas kewajaran dan kesetaraan.

b. The company must fulill its social responsibility by having, inter alia, an awareness of the environmental sustainability and societal interest of the communities in which the company operates through an appropriate planning and implementation to address the issues.

4. Independency

Basic Principles

To accelerate the implementation of good corporate governance principles, the Company must be managed independently in such a manner that no single company’s organ shall dominate the other and that no intervention from other party shall exist.

Main Guidelines for the Implementation

a. Each company’s organ must avoid the occurrence of domination by any party, must not be inluenced by any certain interest, must be free from conlict of interests and any inluence or pressure, so that the decision making can be carried out objectively.

b. Each company’s organ must carry out its function and duty in accordance with the articles of association and rules and regulations, not dominating each other and or shifting the responsibility from one to the other.

5. Fairness

Basic Principle

In conducting its activities, the company must always consider the interests of shareholders and other stakeholders based on principle of fairness.

Pedoman Pokok Pelaksanaan

a. Perseroan harus memberikan kesempatan kepada pemangku kepentingan untuk memberikan masukan dan menyampaikan pendapat bagi kepentingan Perseroan serta membuka akses terhadap informasi sesuai dengan prinsip transparansi dalam lingkup kedudukan masing-masing.

b. Perseroan harus memberikan perlakuan yang setara dan wajar kepada pemangku kepentingan sesuai dengan manfaat dan kontribusi yang diberikan kepada Perseroan.

c. Perseroan harus memberikan kesempatan yang sama dalam penerimaan karyawan, berkarir dan melaksanakan tugasnya secara profesional tanpa membedakan suku, agama, ras, golongan, jenis kelamin, dan kondisi isik.

Main Guidelines for the Implementation

a. The company must provide the opportunity for stakeholders to give input and opinions in the interest of the company, and establish access to company’s information in accordance with the transparency principle and within the scope of their respective capacities.

b. The company must provide fair and equitable treatment to stakeholders in accordance with beneit and contribution given to the company. c. The company must give equal

opportunity in recruitment of employees, in career development and for employees to carry out their duty professionally regardless ethnic, religion, race, gender and physical condition

BAB II

PART II

ETIKA BISNIS DAN

PEDOMAN PERILAKU

Prinsip Dasar

Untuk mencapai keberhasilan dalam jangka panjang, pelaksanaan GCG perlu dilandasi oleh integritas yang tinggi. Oleh karena itu, diperlukan pedoman perilaku yang dapat dipahami dan menjadi acuan bagi organ Perseroan dan semua karyawan dalam menerapkan nilai-nilai (values) dan etika bisnis sehingga menjadi bagian dari budaya Perseroan.

Pedoman Pokok Pelaksanaan A. Nilai-Nilai Perseroan

Janji Perusahaan untuk Melayani dengan Integritas mempunyai makna setiap saat melakukan pelayanan kepada semua pemangku kepentingan (stakeholders) dengan berlandaskan 7 Nilai Utama yakni : 1. Jujur - kami selalu dapat diandalkan,

terbuka, tulus dan ikhlas dalam menjalankan tugas

2. Tanggung Jawab - kami selalu melakukan yang benar, dalam batas kewenangan kami dan berani bertanggung jawab atas setiap tindakan kami

3. Visioner - kami memikirkan masa depan perusahaan kami dengan selalu mengutamakan kepentingan perusahaan di atas kepentingan pribadi 4. Disiplin - kami selalu mematuhi/

mengikuti ketentuan yang berlaku 5. Kerjasama - kami selalu mengutamakan

kerjasama dengan kolega, pelanggan dan mitra usaha kami untuk mencapai hasil kerja yang optimal

6. Adil - kami selalu memihak yang benar dan kebenaran

7. Peduli - kami selalu memperhatikan kepentingan pelanggan, sosial dan lingkungan hidup di mana kami bekerja Nilai-nilai tersebut di atas harus menjadi bagian tak terpisahkan dari sikap dan perilaku sehari-hari setiap karyawan Perseroan. Kinerja perusahaan sangat penting, namun cara atau bagaimana mencapainya juga tak kalah pentingnya. Melayani dengan Integritas telah menjadi janji Perseroan sekaligus menjadi jaminan kualitas jasa Perseroan.

Basic Principle

To achive long-term success, the implementation of GCG must be based on high integrity. Therefore, it needs to have code of conduct that can be easily understood to be a reference for the Company and all employees in implementing company’s values and business ethics to be part of company’s culture.

Main Guidelines for the Implementation

A. Company Values

Company’s Promise to Serve with integrity means to provide service at anytime for all stakeholders based on 7 (seven) core values, namely:

1. Honest – we are always dependable, open, honest and sincere in carring out our tasks

2. Responsible – we always do what is right, within our limit of authority and dare to take responsibility for our actions

3. Visioner – we think for the future of our company and always put the company’s intrest above our personal interest. 4. Dicipline – we will obey/follow the

applicable regulations

5. Teamwork – we always put teamwork with our colleguaes, customers and business partners as our priority in order to achieve optimal work results. 6. Fair – we always be on the good and

right side

7. Concern – we always concern with the customers’ interests, and social environment where we work

The above values must be an integral part of attitude and daily live of every employee in the company. Performance of the company is very important, but ways/methods or how to achieve it are also equally important. ‘Serve with Integrity’ has become the company’s Promise as well as quality assurance of company’s service.

B. Etika Bisnis

1. Etika bisnis adalah acuan bagi Perseroan dalam melaksanakan kegiatan usaha termasuk dalam berinteraksi dengan pemangku kepentingan.

2. Penerapan nilai-nilai Perseroan dan etika bisnis secara berkesinambungan mendukung terciptanya budaya Perseroan. 3. Perseroan harus segera merumuskan

etika bisnis yang disepakati bersama dan dijabarkan lebih lanjut dalam pedoman perilaku atau kode etik.

C. Pedoman Perilaku atau Kode Etik 1. Fungsi Pedoman Perilaku

a. Pedoman perilaku merupakan penjabaran nilai-nilai Perseroan dan etika bisnis dalam melaksanakan usaha sehingga menjadi panduan bagi organ Perseroan dan semua karyawan Perseroan;

b. Pedoman perilaku mencakup panduan tentang benturan kepentingan, pemberian dan penerimaan hadiah dan donasi, kepatuhan terhadap peraturan, kerahasiaan informasi, dan pelaporan terhadap perilaku yang tidak etis.

2. Benturan Kepentingan

a. Benturan kepentingan adalah keadaan dimana terdapat konlik antara kepentingan ekonomis Perseroan dan kepentingan ekonomis pribadi pemegang saham, anggota Dewan Komisaris dan Direksi, serta karyawan Perseroan; b. Dalam menjalankan tugas dan

kewajibannya, anggota Dewan Komisaris dan Direksi serta karyawan Perseroan harus senantiasa mendahulukan kepentingan ekonomis Perseroan di atas kepentingan ekonomis pribadi atau keluarga, maupun pihak lainnya;

B. Business Ethics

1. Business ethics shall serve as a reference for the company in conducting business including in interacting with its stakeholders.

2. Application of company's values and business ethics on an ongoing basis to support the constitution of company’s culture.

3. The Company must immediately formulate its business ethics that is mutually agreed and must be further elaborated in the code of conduct or code of ethics.

C. Code of Conduct or Code of Ethics

1. Functions of Code of Conduct

a. Code of conduct is a translation of the company values and business ethics that is useful as guidance for the organs and all employees of the company in conducting business activities.

b. The code of conduct covers guidance regarding conlicts of interest, presenting and receiving gifts and donations, compliance with laws and regulations, conidentiality of information, and reporting of unethical behavior

2. Conlict of Interest

a. Conlicts of interests arise when there is a conlict between the economic interests of the company and the personal economic interest of its shareholders, members of the Board of Commissioners and the Board of Directors, and the employees of the company;

b. In carrying out their duties and obligations, members of the Board of Commissioners and Board of Directors and employees of the company must prioritize the economic interest of the company above the personal and family’s economic interests as well as that of any other party;

c. Anggota Dewan Komisaris dan Direksi serta karyawan Perseroan dilarang menyalahgunakan jabatan untuk kepentingan atau keuntungan pribadi, keluarga dan pihak-pihak lain;

d. Dalam hal pembahasan dan pengambilan keputusan yang mengandung unsur benturan kepentingan, pihak yang bersangkutan tidak diperkenankan ikut serta;

e. Pemegang saham yang mempunyai benturan kepentingan harus mengeluarkan suaranya dalam Rapat Umum Pemegang Saham (RUPS) sesuai dengan keputusan yang diambil oleh pemegang saham yang tidak mempunyai benturan kepentingan;

f. Setiap anggota Dewan Komisaris dan Direksi serta karyawan Perseroan yang memiliki wewenang pengambilan keputusan diharuskan setiap tahun membuat pernyataan tidak memiliki benturan kepentingan terhadap setiap keputusan yang telah dibuat olehnya dan telah melaksanakan pedoman perilaku yang ditetapkan oleh Perseroan.

3. Pemberian dan Penerimaan Hadiah dan Donasi

a. Setiap anggota Dewan Komisaris dan Direksi serta karyawan Perseroan dilarang memberikan atau menawarkan sesuatu, baik langsung ataupun tidak langsung, kepada pejabat negara dan atau individu yang mewakili mitra bisnis, yang dapat mempengaruhi pengambilan keputusan;

c. Members of the Board of Commissioners and the Board of Directors as well as all employees are prohibited from abusing their powers and positions in the company in the interest and for the beneit of himself/herself, his/her family and other parties;

d. The party with a possible conlict of interest is prohibited from participating in discussions and decision-making process.

e. A shareholder having a conlict of interest must cast his/her vote in the General Meeting of Shareholders (GMS) in accordance with the decision made by shareholders having no conlict of interests;

f. Each member of the Board of Commissioners and Board of Directors as well as employees of the company having authority for decision making shall make an annual statement certifying that he/she has no conlict of interest in any decisions that he/she has made and that he/she has implemented the code of conduct applied by the company.

3. Presenting and Receiving Gifts and Donations

a. Each member of the Board of Commissioners and the Board of Directors and employees of the company are prohibited from giving or ofering something, either directly or indirectly, to an oicial of the regulatory, supervisory and enforce-ment authorities and or an individual representing business partners, which may inluence their decision making;

b. Setiap anggota Dewan Komisaris dan Direksi serta karyawan Perseroan dilarang menerima sesuatu untuk kepentingannya, baik langsung ataupun tidak langsung, dari mitra bisnis, yang dapat mempengaruhi pengambilan keputusan;

c. Donasi oleh Perseroan ataupun pemberian suatu aset Perseroan kepada partai politik atau seorang atau lebih calon anggota badan legislatif maupun eksekutif, hanya boleh dilakukan sesuai dengan peraturan perundang-undangan. Dalam batas kepatutan sebagaimana ditetapkan oleh Perseroan, donasi untuk amal dapat dibenarkan.

d. Setiap anggota Dewan Komisaris dan Direksi serta karyawan Perseroan diharuskan setiap tahun membuat pernyataan tidak memberikan sesuatu dan atau menerima sesuatu yang dapat mempengaruhi pengambilan keputusan.

4. Kepatuhan terhadap Peraturan

a. Organ Perseroan dan karyawan Perseroan harus melaksanakan peraturan perundang-undangan dan peraturan Perseroan;

b. Dewan Komisaris harus memastikan bahwa Direksi dan karyawan Perseroan melaksanakan peraturan perundang-undangan dan peraturan Perseroan;

c. Perseroan harus melakukan pencatatan atas harta, utang dan modal secara benar sesuai dengan prinsip akuntansi yang berlaku umum.

b. Each member of the Board of Commissioners and Board of Directors as well as employees of the company are prohibited from receiving any thing in his/her personal interests, either directly or indirectly, from business partners which may afect their decision making;

c. A donation made by the company or the giving of the company’s asset to one or more political partes or members of the legislative or executive body may be done only in accordance with laws and regulations. Within the appropriate limit as stipulated by the company, a donation for charity may be justiied; d. Each member of the Board of

Commissioners and Board of Directors and employees of the company having authority for decision making shall make an annual statement certifying that he/ she has not given and or received anything that might afect his/her decision making.

4. Compliance with laws and regulations a. The organs and employees of the

company shall abide by the laws and regulations and the company rules and regulations.

b. The Board of Commissioners must ensure that the Board of Directors and employees of the company adhere to the laws and regulations and company rules and regulations; c. The company must keep records of

its assets, debts and equity properly and in accordance with generally accepted accounting principles.

5. Kerahasiaan Informasi

a. Anggota Dewan Komisaris dan Direksi, pemegang saham serta karyawan Perseroan harus menjaga kerahasiaan informasi Perseroan sesuai dengan peraturan perundang-undangan, peraturan Perseroan dan kelaziman dalam dunia usaha;

b. Setiap anggota Dewan Komisaris dan Direksi, pemegang saham serta karyawan Perseroan dilarang menyalahgunakan informasi yang berkaitan dengan Perseroan, termasuk tetapi tidak terbatas pada informasi rencana pengambil-alihan, penggabungan usaha dan pembelian kembali saham;

c. Setiap mantan anggota Dewan Komisaris dan Direksi serta karyawan Perseroan, serta pemegang saham yang telah mengalihkan sahamnya, dilarang mengungkapkan informasi yang menjadi rahasia Perseroan yang diperolehnya selama menjabat atau menjadi pemegang saham di Perseroan, kecuali informasi tersebut diperlukan untuk pemeriksaan dan penyidikan sesuai dengan peraturan perundang-undangan, atau tidak lagi menjadi rahasia milik Perseroan.

6. Pelaporan atas pelanggaran dan perlindungan bagi pelapor

a. Dewan Komisaris berkewajiban untuk menerima dan memastikan bahwa pengaduan tentang pelanggaran terhadap etika bisnis, pedoman perilaku, peraturan Perseroan dan peraturan perundang-undangan, diproses secara wajar dan tepat waktu;

5. Conidentiality of Information

a. Members of the Board of Commissioners and Board of Directors and employees of the company shall maintain the conidentiality of company’s information in accordance with laws and regulations, company’s rules and common business norms; b. Each member of the Board of

Commissioners and Board of Directors, shareholders and employees of the company are prohibited from abusing any information related to the company including, but not limited to, information on plan for merger and acquisition, and of shares repurchase;

c. Each former member of the Board of Commissioners and Board of Directors and former employees of the company, as well as a shareholder who has transferred its share ownership are prohibited from disclosing any company’s conidential information acquired during his/her service or exposure within the company, unless the information is required for examination and investigation in accordance with the rules and regulations, or has no longer considered as conidential by the company.

6. Reporting on violations and protection of Whistblower

a. The Board of Commissioners is obliged to receive and ensure that any complaints reported on violation of business ethics, code of conduct, company rules and laws and regulations are processed properly and timely;

b. Setiap Perseroan harus menyusun peraturan yang menjamin perlindungan terhadap individu yang melaporkan terjadinya pelanggaran terhadap etika bisnis, pedoman perilaku, peraturan Perseroan dan peraturan perundang-undangan. Dalam pelaksanannya, Dewan Komisaris dapat memberikan tugas kepada komite yang membidangi pengawasan implementasi GCG.

b. Each company must develop rules to protect the individuals that report complaints and or information regarding violation of business ethics, code of conduct, company’s rules and laws and regulations. For this purpose, the Board of Commissioners may assign a committee responsible for supervising the implementation of GCG.

BAB III

PART III

ORGAN PERSEROAN

Organ Perseroan, yang terdiri dari Rapat Umum Pemegang Saham (RUPS), Dewan Komisaris dan Direksi, mempunyai peran penting dalam pelaksanaan GCG secara efektif. Organ Perseroan harus menjalankan fungsinya sesuai dengan ketentuan yang berlaku atas dasar prinsip bahwa masing-masing organ mempunyai independensi dalam melaksanakan tugas, fungsi dan tanggung jawabnya semata-mata untuk kepentingan Perseroan.

A. Rapat Umum Pemegang Saham Prinsip Dasar

RUPS sebagai organ Perseroan merupakan wadah para pemegang saham untuk mengambil keputusan penting yang berkaitan dengan modal yang ditanam dalam Perseroan, dengan memperhatikan ketentuan anggaran dasar dan peraturan perundang-undangan. Keputusan yang diambil dalam RUPS harus didasarkan pada kepentingan usaha Perseroan dalam jangka panjang. RUPS dan atau pemegang saham tidak dapat melakukan intervensi terhadap tugas, fungsi dan wewenang Dewan Komisaris dan Direksi dengan tidak mengurangi wewenang RUPS untuk menjalankan haknya sesuai dengan anggaran dasar dan peraturan

perundangundangan, termasuk untuk melakukan penggantian atau pemberhentian anggota Dewan Komisaris dan atau Direksi.

Pedoman Pokok Pelaksanaan

1. Pengambilan keputusan RUPS harus dilakukan secara wajar dan transparan dengan memperhatikan hal-hal yang diperlukan untuk menjaga kepentingan usaha Perseroan dalam jangka panjang, termasuk tetapi tidak terbatas pada: a. Anggota Dewan Komisaris dan

Direksi yang diangkat dalam RUPS harus terdiri dari orang-orang yang patut dan layak (it and proper) bagi Perseroan.

Organs of the company, consisting of the General Meeting of Shareholders (GMS), the Board of Commissioners, and the Board of Directors, have an important role in implementing the GCG efectively. The organs of the company shall carry out their respective functions in accordance with the applicable provision based on the principle that each organ is independent in carrying out its duty, function and responsibility in the sole interest of the company;

A. General Meeting of Shareholders (GMS) Basic Principle

GMS as a company’s organ is a place for shareholders to take important decisions regarding their investment in the company, by observing provisions in the articles of association and the rules and regulations. Decisions taken in the GMS must be based on the long term interest of the company. The GMS and or shareholders cannot intervene the exercise of the duty, function and authority of the Board of Commissioners and Board of Directors, without curtailing the authority of the General Meeting of Shareholders to carry out its rights in accordance with the articles of association and laws and regulations, including the replacement or termination of the members of the Board of Commissioners and or Board of Directors.

Main Guidelines for the Implementation

1. Decision made in the GMS must be conducted properly and transparently by considering matters necessary to safeguard the long term interest of the company, including but not limited to: a. Members of the Board of

Commissioners and Board of Directors appointed in the GMS shall consist of individuals that are it and proper for the company.

Bagi Perseroan yang memiliki Komite Nominasi dan Remunerasi, dalam pengangkatan anggota Dewan Komisaris dan Direksi harus mempertimbangkan pendapat komite tersebut yang disampaikan oleh Dewan Komisaris kepada mereka yang mempunyai hak untuk mengajukan calon kepada RUPS. b. Dalam mengambil keputusan

menerima atau menolak laporan Dewan Komisaris dan Direksi, perlu dipertimbangkan kualitas laporan yang berhubungan dengan GCG. c. Bagi Perseroan yang memiliki Komite

Audit, dalam menetapkan auditor eksternal harus mempertimbangkan pendapat komite tersebut yang disampaikan kepada Dewan Komisaris.

d. Dalam hal anggaran dasar dan atau peraturan perundang-undangan mengharuskan adanya keputusan RUPS tentang hal-hal yang berkaitan dengan usaha Perseroan, keputusan yang diambil harus memperhatikan kepentingan wajar para pemangku kepentingan.

e. Dalam mengambil keputusan pemberian bonus, tantiem dan dividen harus memperhatikan kondisi kesehatan keuangan Perseroan.

2. RUPS harus diselenggarakan sesuai dengan kepentingan Perseroan dan dengan memperhatikan anggaran dasar dan peraturan perundang-undangan, serta dengan persiapan yang memadai, sehingga dapat mengambil keputusan yang sah. Untuk itu:

a. Pemegang saham diberikan kesempatan untuk mengajukan usul mata acara RUPS sesuai dengan peraturan perundang-undangan; b. Panggilan RUPS harus mencakup

informasi mengenai mata acara, tanggal, waktu dan tempat RUPS;

For a company with a Nomination and Remuneration Committee, the appointment of the members of the BOC and BOD shall take into account the opinion of the committee that was rendered by the Board of Commissioners to those having the right to nominate the candidates to the GMS.

b. Approval on report submitted by the Board of Commissioners and the Board of Directors shall consider the quality of the report that relates to GCG.

c. For a company with an Audit Committee, the appointment of an external auditor shall consider opinion of the committee rendered to the Board of Commissioners; d. In circumstance where the articles

of association and or the laws and regu-lations require a decision of the General Meeting of Shareholders regarding certain matters related to the company’s business, any decision made shall consider the proper interest of stakeholders;

e. Decisions regarding the appropriation of bonuses, gratiication and dividends shall take into account the company’s inancial condition;

2. The General Meeting of Shareholders shall be held in accordance with the interest of the company and by observing the articles of association and laws and regulations, and with a proper preparation, to enable the valid decision making. For such purpose: a. The shareholders shall have the

opportunity to propose an agenda item for the General Meeting of Shareholders in accordance with laws and regulations;

b. The notice for a General Meeting of Shareholders shall include information regarding the agenda, date, time and venue of the GMS;

c. Bahan mengenai setiap mata acara yang tercantum dalam panggilan RUPS harus tersedia di kantor Perseroan sejak tanggal panggilan RUPS, sehingga memungkinkan pemegang saham berpartisipasi aktif dalam RUPS dan memberikan suara secara bertanggung jawab. Jika bahan tersebut belum tersedia saat dilakukan panggilan untuk RUPS, maka bahan itu harus disediakan sebelum RUPS diselenggarakan; d. Penjelasan mengenai hal-hal lain

yang berkaitan dengan mata acara RUPS dapat diberikan sebelum dan atau pada saat RUPS berlangsung; e. Risalah RUPS harus tersedia di

kantor Perseroan, dan Perseroan menyediakan fasilitas agar pemegang saham dapat membaca risalah tersebut.

3. Penyelenggaraan RUPS merupakan tanggung jawab Direksi. Untuk itu, Direksi harus mempersiapkan dan menyelenggarakan RUPS dengan baik dan dengan berpedoman pada butir 1 dan 2 di atas. Dalam hal Direksi berhalangan, maka penyelenggaraan RUPS dilakukan oleh Dewan Komisaris atau pemegang saham sesuai dengan peraturan perundang-undangan dan anggaran dasar Perseroan.

B. Dewan Komisaris dan Direksi

Prinsip Dasar

Kepengurusan perseroan terbatas di Indonesia menganut sistem dua badan (twoboard system) yaitu Dewan Komisaris dan Direksi yang mempunyai wewenang dan tanggung jawab yang jelas sesuai dengan fungsinya masing-masing sebagaimana diamanahkan dalam anggaran dasar dan peraturan perundang-undangan (iduciary responsibility).

c. The material of each agenda item included in the notice for the GMS shall be available at the company’s premises as from the day the notices for GMS are made until the day the GMS is held, to enable the shareholders to participate actively in the GMS and cast a responsible vote; If such material is not yet available at the time the notice was made, then the material shall be made available before the GMS is held;

d. Other explanations regarding the agenda of the General Meeting of Shareholders may be given before and or at the time of the GMS; e. The minutes of the General Meeting

of Shareholders shall be available at the company, and the company shall provide the facility that enable the shareholders to read the minutes; 3. The conduct of the General Meeting of

Shareholders is the responsibility of the Board of Directors. For such purpose, the Board of Directors shall prepare and conduct the GMS properly and by taking into account items 1 and 2 above. In condition that the Board of Directors is unable to conduct the GMS then the convening of the GMS is conducted by the Board of Commissioners or shareholders in accordance with laws and regulations and company’s articles of association.

B. Board of Commissioners and Board of Directors

Basic Principles

The management of a limited liability company in Indonesia is adopting a twoboard system, namely the Board of Commissioners and the Board of Directors, each of which has a clear authority and responsibility based on their respective functions as mandated by the articles of association and laws and regulations (iduciary responsibility).

Namun demikian, keduanya mempunyai tanggung jawab untuk memelihara kesinambungan usaha Perseroan dalam jangka panjang. Oleh karena itu, Dewan Komisaris dan Direksi harus memiliki kesamaan persepsi terhadap visi, misi, dan nilai-nilai Perseroan.

Pedoman Pokok Pelaksanaan

1. Tanggung jawab bersama Dewan Komisaris dan Direksi dalam menjaga kelangsungan usahaPerseroan dalam jangka panjang tercermin pada:

a. Terlaksananya dengan baik kontrol internal dan manajemen risiko; b. Tercapainya imbal hasil (return) yang

optimal bagi pemegang saham; c. Terlindunginya kepentingan

pemangku kepentingan secara wajar;

d. Terlaksananya suksesi kepemimpinan yang wajar demi kesinambungan manajemen di semua lini organisasi.

2. Sesuai dengan visi, misi, dan nilai-nilai Perseroan, Dewan Komisaris dan Direksi perlu bersama-sama menyepakati hal-hal tersebut di bawah ini:

a. Rencana jangka panjang, strategi, maupun rencana kerja dan anggaran tahunan;

b. Kebijakan dalam memastikan pemenuhan peraturan perundang-undangan dan anggaran dasar Perseroan serta dalam menghindari segala bentuk benturan kepentingan;

c. Kebijakan dan metode penilaian Perseroan, unit dalam Perseroan dan personalianya;

d. Struktur organisasi sampai satu tingkat di bawah Direksi yang dapat mendukung tercapainya visi, misi dan nilai-nilai Perseroan.

Yet, they both have the responsibility to maintain the company sustainability in the long term. Accordingly, the Board of Commissioners and the Board of Directors must have the same perception regarding the company’s vision, mission and values.

Main Guidelines for the Implementation

1. The mutual responsibility of the Board of Commissioners and Board of Directors in maintaining the company’s sustainability in the long term shall be relected in :

a. Proper implementation of the internal control and risk management;

b. The achievement of an optimum return for shareholders;

c. Proper protection of stakeholders’ interest;

d. Fair and proper succession to ensure the management sustainability within all lines of the organization.

2. Aligned with the company’s vision, mission, and values, both the Board of Com-missioners and the Board of Directors shall agree on the following matters:

a. A long term plan, strategy, and annual plan and budget;

b. The policy to ensure the company’s compliance with laws and regulations and the articles of association, and to prevent all kinds of conlict of interest;

c. The policy and method of evaluating the performance the company, the units within the company and its personnel;

d. Organization structure up to one level under the Board of Directors which can support the achievement of the company’s vision, mission and values.

C. Dewan Komisaris Prinsip Dasar

Dewan Komisaris sebagai organ Perseroan bertugas dan bertanggungjawab secara kolektif untuk melakukan pengawasan dan memberikan nasihat kepada Direksi serta memastikan bahwa Perseroan melaksanakan GCG. Namun demikian, Dewan Komisaris tidak boleh turut serta dalam mengambil keputusan operasional. Kedudukan masing-masing anggota Dewan Komisaris termasuk Komisaris Utama adalah setara.

Tugas Komisaris Utama sebagai primus inter pares adalah mengkoordinasikan kegiatan Dewan Komisaris. Agar pelaksanaan tugas Dewan Komisaris dapat berjalan secara efektif, perlu dipenuhi prinsip-prinsip berikut:

1. Komposisi Dewan Komisaris harus memungkinkan pengambilan keputusan secara efektif, tepat dan cepat, serta dapat bertindak independen.

2. Anggota Dewan Komisaris harus profesional, yaitu berintegritas dan memiliki kemampuan sehingga dapat menjalankan fungsinya dengan baik termasuk memastikan bahwa Direksi telah memperhatikan kepentingan semua pemangku kepentingan.

3. Fungsi pengawasan dan pemberian nasihat Dewan Komisaris mencakup tindakan pencegahan, perbaikan, sampai kepada pemberhentian sementara.

Pedoman Pokok Pelaksanaan

1. Komposisi, Pengangkatan dan Pemberhentian Anggota Dewan Komisaris

a. Jumlah anggota Dewan Komisaris harus disesuaikan dengan kompleksitas Perseroan dengan tetap memperhatikan efektivitas dalam pengambilan keputusan.

C. Board of Commissioners

Basic Principles

The Board of Commissioners as an organ of the company shall function and be responsible collectively for overseeing and providing advices to the Board of Directors and ensuring that the Company implements the GCG. However, the Board of Commissioners is prohibited from participating in making any operational decision. Each of the members of the Board of Commissioners, including the Chairman, has equal position.

The duty of the Chairman of the Board of Commissioners as primus inter pares is to coordinate the activities of the Board of Commissioners. For the Board of Commissioners to be able to efectively exercise its duties, the following principles shall be observed:

1. The composition of the Board of Commissioners shall enable it to make efective, right and timely decision and to act independently;

2. The members of the Board of Commissioners must be professional that possess the integrity and capability to enable them to carry out their function properly including to ensure that the Board of Directors has observed the interest of all stakeholders;

3. The supervisory and advisory functions of the Board of Commissioners include the acts of prevention, improvement, and suspension.

Main Guidelines for the Implementation

1. Composition, Appointment and Termination of the Board of Commissioners

a. The composition of the Board of Commissioners shall be adjusted tp the complexity of the company business by taking into account the efectiveness in decision making;

b. Dewan Komisaris dapat terdiri dari Komisaris yang tidak berasal dari pihak terailiasi yang dikenal sebagai Komisaris Independen dan Komisaris yang terailiasi. Yang dimaksud dengan terailiasi adalah pihak yang mempunyai hubungan bisnis dan kekeluargaan dengan pemegang saham pengendali, anggota Direksi dan Dewan Komisaris lain, serta dengan Perseroan itu sendiri. Mantan anggota Direksi dan Dewan Komisaris yang terailiasi serta karyawan Perseroan, untuk jangka waktu tertentu termasuk dalam kategori terailiasi.

c. Jumlah Komisaris Independen harus dapat menjamin agar mekanisme pengawasan berjalan secara efektif dan sesuai dengan peraturan perundangundangan. Salah satu dari Komisaris Independen harus mempunyai latar belakang akuntansi atau keuangan.

d. Anggota Dewan Komisaris diangkat dan diberhentikan oleh RUPS melalui proses yang transparan. Bagi Perseroan yang sahamnya tercatat di bursa efek, badan usaha milik negara dan atau daerah, Perseroan yang menghimpun dan mengelola dana masyarakat, Perseroan yang produk atau jasanya digunakan oleh masyarakat luas, serta Perseroan yang mempunyai dampak luas terhadap kelestarian lingkungan, proses penilaian calon anggota Dewan Komisaris dilakukan sebelum dilaksanakan RUPS melalui Komite Nominasi dan Remunerasi. Pemilihan Komisaris Independen harus memperhatikan pendapat pemegang saham minoritas yang dapat disalurkan melalui Komite Nominasi dan Remunerasi.

b. The Board of Commissioners may consist of Commissioners who are not originated from an ailiated party, known as Independent Commissioner, and ailiated Commissioners. Ailiated means having business and family relations with the controlling shareholders, members of the Board of Directors and other members of the Board of Commissioners, and with the company itself. Former ailiated members of the Board of Directors and Board of Commissioners and employees of the company shall, for a certain period of time, be considered as ailiated;

c. The number of Independent Commissioners shall be able to ensure that the control mechanism runs efectively and in accordance with laws and regulations. One of the Independent Commissioner shall have accounting or inance background;

d. Members of the Board of Commissioners are appointed and terminated by General Meeting of Shareholders through a transparent process. For public-listed companies, state-owned enterprises, province and region-owned companies, companies that raise and manage public funds, companies of which products or services are widely used by public, and companies with extensive inluence on environment, the process of evaluating the candidates for the member of the Board of Commissioners shall be conducted prior to the GMS by the Nomination and Remuneration Committee. The appointment of an independent commissioner shall have considered the opinion of the minority shareholders which shall be obtained through the Nomination and Remuneration committee.

e. Pemberhentian anggota Dewan Komisaris dilakukan oleh RUPS berdasarkan alasan yang wajar dan setelah kepada anggota Dewan Komisaris diberi kesempatan untuk membela diri.

2. Kemampuan dan Integritas Anggota Dewan Komisaris

a. Anggota Dewan Komisaris harus memenuhi syarat kemampuan dan integritas sehingga pelaksanaan fungsi pengawasan dan pemberian nasihat untuk kepentingan Perseroan dapat dilaksanakan dengan baik.

b. Anggota Dewan Komisaris dilarang memanfaatkan Perseroan untuk kepentingan pribadi, keluarga, kelompok usahanya dan atau pihak lain.

c. Anggota Dewan Komisaris harus memahami dan mematuhi anggaran dasar dan peraturan perundang-undangan yang berkaitan dengan tugasnya.

d. Anggota Dewan Komisaris harus memahami dan melaksanakan Pedoman GCG ini.

3. Fungsi Pengawasan Dewan Komisaris a. Dewan Komisaris tidak boleh turut

serta dalam mengambil keputusan operasional. Dalam hal Dewan Komisaris mengambil keputusan mengenai hal-hal yang ditetapkan dalam anggaran dasar atau peraturan perundangundangan, pengambilan keputusan tersebut dilakukan dalam fungsinya sebagai pengawas, sehingga keputusan kegiatan operasional tetap menjadi tanggung jawab Direksi. Kewenangan yang ada pada Dewan Komisaris tetap dilakukan dalam fungsinya sebagai pengawas dan penasihat.

e. Termination of members of the Board of Commissioners shall be conducted by General Meeting of Shareholders for a reasonable cause and after the related member of the Board of Commissioners has been given an opportunity to defend himself or herself.

2. Ability and Integrity of Members of the Board of Commissioners

a. Members of the Board of Commissioners shall have the capability and integrity required to ensure that the supervisory and advisory functions can be carried out properly.

b. Members of the Board of Commissioners are prohibited from utilizing the company for his/her personal, family, business group and or other parties’ interests;

c. Members of the Board of Commissioners shall understand and comply with the articles of association and the laws and regulations as related to their duties; d. Members of the Board of

Commissioners shall understand and implement the GCG Code.

3. Supervisory Function of Board of Commissioners

a. The Board of Commissioners is prohibited from participating in any operational decision making. In circumstances where the Board of Commissioners makes decisions regarding matters as stipulated in the articles of association or laws and regulations, such decisions shall be made within its supervisory function, so that decisions on operational activity shall remain the responsibility of the Board of Directors. The authority of the Board of Commissioners shall be carried out within their supervisory and advisory functions;

b. Dalam hal diperlukan untuk kepentingan Perseroan, Dewan Komisaris dapat mengenakan sanksi kepada anggota Direksi dalam bentuk pemberhentian sementara, dengan ketentuan harus segera ditindaklanjuti dengan penyelenggaraan RUPS.

c. Dalam hal terjadi kekosongan dalam Direksi atau dalam keadaan tertentu sebagaimana ditentukan oleh peraturan perundang-undangan dan anggaran dasar, untuk sementara Dewan Komisaris dapat melaksanakan fungsi Direksi.

d. Dalam rangka melaksanakan fungsinya, anggota Dewan Komisaris baik secara bersama-sama dan atau sendiri-sendiri berhak mempunyai akses dan memperoleh informasi tentang Perseroan secara tepat waktu dan lengkap.

e. Dewan Komisaris harus memiliki tata tertib dan pedoman kerja (charter) sehingga pelaksanaan tugasnya dapat terarah dan efektif serta dapat digunakan sebagai salah satu alat penilaian kinerja mereka.

f. Dewan Komisaris dalam fungsinya sebagai pengawas, menyampaikan laporan pertanggungjawaban pengawasan atas pengelolaan Perseroan oleh Direksi, dalam rangka memperoleh pembebasan dan pelunasan tanggung jawab (acquit et decharge) dari RUPS. g. Dalam melaksanakan tugasnya,

Dewan Komisaris dapat membentuk komite. Usulan dari komite disampaikan kepada Dewan Komisaris untuk memperoleh keputusan. Bagi Perseroan yang sahamnya tercatat di bursa efek, Perseroan negara, Perseroan daerah, Perseroan yang menghimpun dan mengelola dana masyarakat,

b. In circumstances where it is deemed necessary for the interest of the company, the Board of Commissioners may impose sanction on members of the Board of Directors in the form of a suspension, with provisions that it must be followed by holding General Meeting of Shareholders;

c. In circumstances where a vacancy occurs in the Board of Directors or in a situation as stipulated by laws and regulations and the articles of association, the Board of Commissioners may carry out the function of the Board of Directors on a temporary basis;

d. To enable the exercise of its function, the members of the Board of Commissioners, collectively and individually, are entitled to have access to, and to obtain information regarding the company on a timely and complete basis;

e. The Board of Commissioners shall have rules and guidelines set out in a charter to ensure that its duties can be executed in an objective and efective manner. The charter can also be used as one of the tools for performance evaluation purposes; f. In performing its supervisory

function, the Board of Commissioners shall submit an accountability report for supervising the conduct of the management by the Board of Directors, in order to get released and discharged (acquit et decharge) from the General Meeting of Shareholders;

g. In carrying out its duty, the Board of Commissioners may form committees. Any proposal from the committees shall be submitted to the Board of Commissioners for approval. For publicly listed companies, state-owned enterprises, province and region-owned companies, companies that raise and manage public funds,

Perseroan yang produk atau jasanya digunakan oleh masyarakat luas, serta Perseroan yang mempunyai dampak luas terhadap kelestarian lingkungan, sekurang-kurangnya harus membentuk Komite Audit, sedangkan komite lain dibentuk sesuai dengan kebutuhan.

4. Komite Penunjang Dewan Komisaris a. Komite Audit

1) Komite Audit bertugas membantu Dewan Komisaris untuk memastikan bahwa: (i) laporan keuangan disajikan secara wajar sesuai dengan prinsip akuntansi yang berlaku umum, (ii) struktur pengendalian internal Perseroan dilaksanakan dengan baik, (iii) pelaksanaan audit internal maupun eksternal dilaksanakan sesuai dengan standar audit yang berlaku, dan (iv) tindak lanjut temuan hasil audit dilaksanakan oleh manajemen;

2) Komite Audit memproses calon auditor eksternal termasuk imbalan jasanya untuk disampaikan kepada Dewan Komisaris;

3) Jumlah anggota Komite Audit harus disesuaikan dengan kompleksitas Perseroan dengan tetap memperhatikan efektiitas dalam pengambilan keputusan. Bagi Perseroan yang sahamnya tercatat di bursa efek, Perseroan negara, Perseroan daerah, Perseroan yang menghimpun dan mengelola dana masyarakat, Perseroan yang produk atau jasanya digunakan oleh masyarakat luas, serta Perseroan yang mempunyai dampak luas terhadap kelestarian lingkungan, Komite Audit diketuai oleh Komisaris Independen dan anggotanya dapat terdiri dari Komisaris dan atau

companies of which products or services are widely used by public, and companies with extensive inluence on environment, an Audit Committee shall be established, whereas other committees are formed as required.

4. Supporting Committee of the Board of Commissioners

a. Audit Committee

1) The Audit Committee shall function to assist the Board of Commissioners to ensure that: (i) inancial reports are presented appropriately in accordance with the generally accepted accounting principles; (ii) internal control structure is adequate and efective, (iii) internal and external audits are conducted in accordance with applicable audit standards, and (iv) audit indings are followed up by the management;

2) The Audit Committee shall proceed candidates for external auditors including their remuneration to be submitted to the Board of Commissioners; 3) The composition of the Audit

Committee shall be adjusted to accommodate the complexity of the company by taking into account the efectiveness in decision making. For publicly listed companies, state-owned enterprises, province and region-owned companies, companies that raise and manage public funds, companies of which products or services are widely used by public, and companies with extensive inluence on environment, the Audit Committee is chaired by an Independent Commissioner and the members may consist of Commissioners and or

pelaku profesi dari luar Perseroan. Salah seorang anggota memiliki latar belakang dan kemampuan akuntasi dan atau keuangan. b. Komite Nominasi dan Remunerasi

1) Komite Nominasi dan Remunerasi bertugas membantu Dewan Komisaris dalam menetapkan kriteria pemilihan calon anggota Dewan Komisaris dan Direksi serta sistem remunerasinya;

2) Komite Nominasi dan Remunerasi bertugas membantu Dewan Komisaris mempersiapkan calon anggota Dewan Komisaris dan Direksi dan mengusulkan besaran remunerasinya:. Dewan Komisaris dapat mengajukan calon tersebut dan remunerasinya untuk memperoleh keputusan RUPS dengan cara sesuai ketentuan Anggaran Dasar;

3) Bagi Perseroan yang sahamnya tercatat di bursa efek, Perseroan negara, Perseroan daerah, Perseroan yang menghimpun dan mengelola dana masyarakat, Perseroan yang produk atau jasanya digunakan oleh masyarakat luas, serta Perseroan yang mempunyai dampak luas terhadap kelestarian lingkungan, Komite Nominasi dan Remunerasi diketuai oleh Komisaris Independen dan anggotanya dapat terdiri dari Komisaris dan atau pelaku profesi dari luar Perseroan;

professionals from outside the company. One of the members should have an accounting and or inance background.

b. Nomination and Remuneration Committee

1) The Nomination and Remuneration Committee shall function to assist the Board of Commissioners in determining the selection criteria for candidates of the member of the Board of Commissioners and the Board of Directors as well as the remuneration system;

2) The Nomination and Remuneration Committee shall function to assist the Board of Commissioners in preparing for the candidates of the members of the Board of Commissioners and the Board of Directors and proposing the amount of their remuneration. The Board of Commissioners may propose the candidates and their remuneration for approval by General Meeting of Shareholders in accordance with the articles of association;

3) For public-listed companies, state-owned enterprises, province and region owned companies, companies that raise and manage public funds, companies of which products or services are widely used by public, and companies with extensive inluence on environment, the Nomination and Remuneration Committee is chaired by an Independent Commissioner, whilst the other members may consist of a Commissioner and or professionals from outside of the company;

4) Keberadaan Komite Nominasi dan Remunerasi serta tata kerjanya dilaporkan dalam RUPS.

c. Komite Kebijakan Risiko

1) Komite Kebijakan Risiko bertugas membantu Dewan Komisaris dalam mengkaji sistem manajemen risiko yang disusun oleh Direksi serta menilai toleransi risiko yang dapat diambil oleh Perseroan;

2) Anggota Komite Kebijakan Risiko terdiri dari anggota Dewan Komisaris, namun bilamana perlu dapat juga menunjuk pelaku profesi dari luar Perseroan.

d. Komite Kebijakan Corporate Governance

1) Komite Kebijakan Corporate Governance bertugas membantu Dewan Komisaris dalam mengkaji kebijakan GCG secara menyeluruh yang disusun oleh Direksi serta menilai konsistensi penerapannya, termasuk yang bertalian dengan etika bisnis dan tanggung jawab sosial Perseroan (corporate social responsibility);

2) Anggota Komite Kebijakan Corporate Governance terdiri dari anggota Dewan Komisaris, namun bilamana perlu dapat juga menunjuk pelaku profesi dari luar Perseroan;

3) Bila dipandang perlu, Komite Kebijakan Corporate Governance dapat digabung dengan Komite Nominasi dan Remunerasi.

4) The existence of the Nomination and Remuneration Committee and its work system shall be reported to the General Meeting of Shareholders.

c. Risk Policy Committee

1) The Risk Policy Committee shall function to assist the Board of Commissioners in reviewing the risk management system established by the Board of Directors and evaluating the company’s risk tolerance;

2) Members of the Risk Policy Committee consist of members of the Board of Commissioners, but, if necessary, professionals from outside of the company may be appointed.

d. Corporate Governance Committee 1) The Corporate Governance

Committee shall function to assist the Board of Commissioners in reviewing the GCG policies prepared by the Board of Directors and monitoring the efectiveness of the GCG practices, including aspects related to the business ethics and social responsibility of the company;

2) Members of the Corporate Governance Committee shall consist of the members of the Board of Commissioners, but, if necessary, professionals from outside of the company may be appointed;

3) If deemed necessary, the Corporate Governance Committee may be com-bined

with the Nomination and Remuneration Committee.

5. Pertanggungjawaban Dewan Komisaris a. Dewan Komisaris dalam fungsinya

sebagai pengawas, menyampaikan laporan pertanggungjawaban pengawasan atas pengelolaan Perseroan oleh Direksi. Laporan pengawasan Dewan Komisaris merupakan bagian dari laporan tahunan yang disampaikan kepada RUPS untuk memperoleh persetujuan.

b. Dengan diberikannya persetujuan atas laporan tahunan dan pengesahan atas laporan keuangan, berarti RUPS telah memberikan pembebasan dan pelunasan tanggung jawab kepada masing-masing anggota Dewan Komisaris sejauh halhal tersebut tercermin dari laporan tahunan, dengan tidak mengurangi tanggung jawab masing-masing anggota Dewan Komisaris dalam hal terjadi tindak pidana atau kesalahan dan atau kelalaian yang menimbulkan kerugian bagi pihak ketiga yang tidak dapat dipenuhi dengan aset Perseroan.

c. Pertanggungjawaban Dewan Komisaris kepada RUPS merupakan

perwujudan akuntabilitas pengawasan atas pengelolaan Perseroan dalam rangka pelaksanaan asas GCG.

D. Direksi Prinsip Dasar

Direksi sebagai organ Perseroan bertugas dan bertanggungjawab secara kolegial dalam mengelola Perseroan. Masing-masing anggota Direksi dapat melaksanakan tugas dan mengambil keputusan sesuai dengan pembagian tugas dan wewenangnya. Namun, pelaksanaan tugas oleh masing-masing anggota Direksi tetap merupakan tanggung jawab bersama.

5. Accountability Report of the Board of Commissioners

a. The Board of Commissioners in its oversight function shall submit an accountability report regarding its supervisory activities on the management of the company conducted by the Board of Directors. The supervision report of the Board of Commissioners is made part of the annual report submitted to the GMS for approval;

b. Approval of the annual report and ratiication of the inancial report will signify that the General Meeting of Shareholders has given a release and discharge to the members of the Board of Commissioners as far as it is relected in the annual report, without minimizing the responsibility of each member of the Board of Commissioners in the event that a crime, mistake or negligence occurs causing damage to any third parties which cannot be indemniied by the company’s assets;

c. The accountability of the Board of Commissioners to the GMS is a manifestation of the supervisory accountability on the company’s management in light of the GCG principles implementation.

D. Board of Directors

Basic Principles

The Board of Directors as a company organ shall function and be responsible collegially for the management of the company. Each member of the Board of Directors can carry out its duty and take decisions in accordance with their respective assignments and authorities. However, the execution of tasks by each member of the Board of Directors remains to be a collective responsibility.

Kedudukan masing-masing anggota Direksi termasuk Direktur Utama adalah setara. Tugas Direktur Utama sebagai primus inter pares adalah mengkoordinasikan kegiatan Direksi. Agar pelaksanaan tugas Direksi dapat berjalan secara efektif, perlu dipenuhi prinsip-prinsip berikut:

1. Komposisi Direksi harus sedemikian rupa sehingga memungkinkan pengambilan keputusan secara efektif, tepat dan cepat, serta dapat bertindak independen.

2. Direksi harus profesional yaitu berintegritas dan memiliki pengalaman serta kecakapan yang diperlukan untuk menjalankan tugasnya;

3. Direksi bertanggung jawab terhadap pengelolaan Perseroan agar dapat menghasilkan keuntungan (proitability) dan memastikan kesinambungan usaha Perseroan.

4. Direksi mempertanggungjawabkan kepengurusannya dalam RUPS sesuai dengan peraturan perundang-undangan yang berlaku.

Pedoman Pokok Pelaksanaan 1. Komposisi Direksi

a. Jumlah anggota Direksi harus disesuaikan dengan kompleksitas Perseroan dengan tetap memperhatikan efektiitas dalam pengambilan keputusan.

b. Anggota Direksi dipilih dan diberhentikan oleh RUPS melalui proses yang transparan. Bagi Perseroan yang sahamnya tercatat di bursa efek, Perseroan negara, Perseroan daerah, Perseroan yang menghimpun dan mengelola dana masyarakat, Perseroan yang produk atau jasanya digunakan oleh masyarakat luas, serta Perseroan yang mempunyai dampak luas terhadap kelestarian lingkungan,

The position of each respective member of the Board of Directors including President Director is equal. The duty of the President Director as primus inter pares is to coordinate the activities of the Board of Directors. For the Board of Directors to be able to efectively exercise its duties, the following principles shall be observed: 1. The composition of the Board of

Directors shall enable it to make efective, right and timely decisions and to act independently;

2. The members of the Board of Directors must be professional that possess the integrity, experience and capability required for carrying out their respective duties;

3. The Board of Directors shall be responsible to manage the company for the purpose of achieving proitability and ensuring the company’s sustainability;

4. The Board of Directors shall be accountable for its management to the General Meeting of Shareholders in accordance with applicable laws and regulations

Main Guidelines for the Implementation

1. Composition of Board of Directors a. The composition of the Board of

Directors shall be of suicient size that suits the complexity of the business of the company by taking into account the efectiveness in decision making;

b. Members of the Board of Directors are appointed and terminated by the GMS through a transparent process. For public-listed companies, state-owned enterprises, province and region-owned companies, companies that raise and manage public funds, companies of which products or services are widely used by public, and companies with extensive inluence on environment,

B. Mitra Bisnis

1. Mitra Bisnis adalah pemasok, distributor, kreditur, debitur, dan pihak lainnya yang melakukan transaksi usaha dengan Perseroan.

2. Perseroan harus memiliki peraturan yang dapat menjamin dilaksanakannya hak dan kewajiban mitra bisnis sesuai dengan perjanjian dan peraturan perundang-undangan.

3. Mitra bisnis berhak memperoleh informasi yang relevan sesuai hubungan bisnis dengan Perseroan sehingga masing-masing pihak dapat membuat keputusan atas dasar pertimbangan yang adil dan wajar.

4. Kecuali dipersyaratkan lain oleh peraturan perundang-undangan, Perseroan dan mitra bisnis berkewajiban untuk merahasiakan informasi dan melindungi kepentingan masing-masing pihak.

C. Masyarakat serta Pengguna Produk dan Jasa

1. Perseroan harus memiliki peraturan yang dapat menjamin terjaganya keselarasan hubungan antara Perseroan dengan masyarakat sekitar, termasuk penerapan program kemitraan dan bina lingkungan.

2. Perseroan bertanggungjawab atas kualitas produk dan jasa yang dihasilkan serta dampak negatif terhadap dan keselamatan pengguna.

3. Perseroan bertanggungjawab atas dampak negatif yang ditimbulkan oleh kegiatan usaha Perseroan terhadap masyarakat dan lingkungan dimana Perseroan beroperasi. Oleh karena itu, Perseroan harus menyampaikan informasi kepada masyarakat yang dapat terkena dampak kegiatan Perseroan.

B. Business Partners

1. Business Partners are suppliers, distributors, creditors, debitors and other partied having business transaction with the company.

2. The Company shall establish rules and regulations that can ensure that every business partner exercises its rights and obligations in accordance with the agreements as well as rules and regulations;

3. Business partners are entitled to obtain any information that are relevant to their business relationship with the company so that each party can make decisions based on fair and proper consideration;

4. Unless otherwise required by law, the company and its business partners are obliged to keep conidential information and protect the interests of each respective party.

C. Community and User of Products and Services

1. The Company shall establish rules and regulations that can ensure the preservation of harmonious relationship between the company and communities, including the implementation of partnership and community development programs. 2. The Company shall be responsible for

the quality of products and services produced and the negative impact on the safety of users;

3. The Company shall be responsible for the negative impact that may result from its business activities on the communities and environment in which the company op-erates. Thus, the company shall convey any information to the communities that could be afected by such company’s activities.

BAB VI

PART VI

PERNYATAAN TENTANG PENERAPAN

PEDOMAN GCG

Prinsip Dasar

Perseroan harus membuat pernyataan tentang kesesuaian penerapan GCG dengan Pedoman GCG ini dalam laporan tahunannya. Pernyataan tersebut harus disertai laporan tentang struktur dan mekanisme kerja organ Perseroan serta informasi penting lain yang berkaitan dengan penerapan GCG. Dengan demikian, pemegang saham dan pemangku kepentingan lainnya, termasuk regulator, dapat menilai sejauh mana Pedoman GCG pada Perseroan tersebut telah diterapkan.

Pedoman Pokok Pelaksanaan

1. Pernyataan tentang penerapan GCG beserta laporannya, merupakan bagian dari laporan tahunan Perseroan. Pernyataan dan laporan tersebut dapat sekaligus digunakan untuk memenuhi ketentuan pelaporan dari otoritas terkait.

2. Dalam hal belum seluruh aspek Pedoman GCG ini dapat dilaksanakan, Perseroan harus mengungkapkan aspek yang belum dilaksanakan tersebut beserta alasannya.

3. Laporan tentang struktur dan mekanisme kerja organ Perseroan meliputi:

a. Struktur dan mekanisme kerja Dewan Komisaris, yang antara lain mencakup:

1) Nama anggota Dewan Komisaris dengan menyebutkan statusnya yaitu Komisaris Independen atau Komisaris bukan Independen; 2) Jumlah rapat yang dilakukan

oleh Dewan Komisaris, serta jumlah kehadiran setiap anggota Dewan Komisaris dalam rapat; 3) Mekanisme dan kriteria penilaian

sendiri (self assessment) tentang kinerja masing-masing para anggota Dewan Komisaris;

Basic Principles

The Company shall make a statement regarding the conformance of its GCG imple¬mentation with the GCG Code in its annual report. The statement shall be supported by a report outlining the structure and work mechanism of the company organs as well as other important information relevant to the implementation of GCG. This statement is necessary to enable the shareholders and other stakeholders, including the regulator, to evaluate the extent of the application of the GCG Code within the company.

Main Guidelines for the Implementation

1. Statement regarding the implementation of GCG and its report are parts of the company’s annual report. The statement and its report can be used simultaneously to meet the reporting requirement of the relevant authorities;

2. In the event that the GCG Code has not been fully implemented, the company shall disclose the non-conformance aspects and the reasons.

3. Report on the structure and work mechanism of the company organs shall comprise of the following:

a. Structure and work mechanism of the Board of Commissioners covering: 1) Names of the members of the Board of

Commissioners, including their quali-ications, whether the member serves as an Independent Commissioner or Non-Independent Commissioner;

2) Number of meetings held by the Board of Commissioners, and the individual attendance of each member of the Board of Commissioners in the meetings;

3) Mechanism and criteria used for self-assessment regarding performance of each member of the Board of Commissioners;

4) Penjelasan mengenai komite-komite penunjang Dewan Komisaris yang meliputi: (i) nama anggota dari masing-masing komite; (ii) uraian mengenai fungsi dan mekanisme kerja dari setiap komite; (iii) jumlah rapat yang dilakukan oleh setiap komite serta jumlah kehadiran setiap anggota; dan (iv) mekanisme dan kriteria penilaian kinerja komite.

b. Struktur dan mekanisme kerja Direksi, yang antara lain mencakup: 1) Nama anggota Direksi dengan

jabatan dan fungsinya masing-masing;

2) Penjelasan ringkas mengenai mekanisme kerja Direksi, termasuk didalamnya mekanisme pengambilan keputusan serta mekanisme pendelegasian wewenang; 3) Jumlah rapat yang dilakukan

oleh Direksi, serta jumlah kehadiran setiap anggota Direksi dalam rapat;

4) Mekanisme dan kriteria penilaian terhadap kinerja para anggota Direksi;

5) Pernyataan mengenai efektivitas pelaksanaan sistem pengendalian internal yang meliputi pengendalian risiko serta sistem pengawasan dan audit internal.

4. Informasi penting lainnya yang berkaitan dengan penerapan GCG dan perlu diungkapkan dalam laporan penerapan GCG antara lain mencakup: a. Visi, Misi dan Nilai-nilai Perseroan; b. Pemegang saham pengendali; c. Kebijakan dan jumlah remunerasi

Dewan Komisaris dan Direksi secara global;

4) Elaboration on committees supporting the Board of Commissioners including: (i) names of members of the respective committees; (ii) description regarding the function and work mechanism of the respective committees; (iii) number of meetings held by the respective committees and individual attendance of each member; and (iv) mechanism and criteria used for evaluating performance of the committee.

b. Structure and mechanism of the Board of Directors shall include as follows 1) Name of the members of the Board of

Directors with their respective positions and functions;

2) A brief explanation on how the Board of Directors operates, including the mechanism for decision making and delegation of authorities;

3) Number of meetings held by the Board of Directors, and the individual at-tendance of each member of the Board of Directors in the meetings;

4) Mechanism and criteria used for evaluating the performance of the members of the Board of Directors; 5) Statement on the efectiveness of the

internal control system including risk management, control system and internal audit.

4. Other important information regarding the implementation of GCG which is required to be disclosed in the report shall include

a. Vision, Mission and Values of the Company;

b. Controlling shareholders;

c. Policies and amount of global remuneration of the Board of Commissioners and Board of Directors;

46 d. Transaksi dengan pihak yang

memiliki benturan kepentingan; e. Hasil penilaian penerapan GCG yang

dilaporkan dalam RUPS tahunan; dan

f. Kejadian luar biasa yang telah dialami Perseroan dan dapat berpengaruh pada kinerja Perseroan.

d. Transactions with parties who have a conlict of interest;

e. outcome of the evaluation of GCG implementation as reported in the annual General Meeting of Shareholders; and

f. Extraordinary events experienced by a company and those that might have an efect on the performance of the company.

PT Logindo Samudramakmur Tbk.

Graha Corner Stone

Jl. Rajawali Selatan II no. 1

Jakarta Pusat - 10720, Indonesia

Phone : +62 21 64713088

Fax

: +62 21 64713220