As a limited liability company and a public company, the Company implements GCG with the following references:
In addition, the Company has guidelines and policies on GCG (GCG softstructure) for all the Company’s personnel in implementation of the best GCG practices in every business activity, including:
Periodically, the Company conducts socialization and internalization of the Company’s Code of Conduct for all Sido Muncul employees including members of Board of Commissioners and Board of Directors so that the Company’s Code of Conduct can be understood and carried out consistently in the corporate environment. Fulfillment of the applicable regulations and the agreed Code of Conduct is a shared responsibility of all stakeholders both within the Company and external parties.
The Company’s governance structure consists of main organs, namely General Meeting of Shareholders, Board of Commissioners and Board of Directors. Board of Commissioners and Board of Directors have supporting organs to help perform their functions and obligations. Board of Directors is assisted by effective management structure including Internal Audit and Corporate Secretary. Whereas Board of Commissioners is assisted by Audit Committee and Nomination & Remuneration Committee to support the implementation of supervisory and advisory duties.