Good Corporate Governance

ASEAN Scorecards

The Company has implemented ASEAN Corporate Governance Scorecard which was issued by ASEAN Capital Markets Forum (ACMF) and the Asian Development.

Self Assessment of ASEAN CG Scorecard for year of 2023 conducted with the following detail:

 Bonus & Penalty

In addition, the Indonesian Institute for Corporate Directorship (IICD) as the officially appointed domestic rating agency also conducts an assessment of the Company's Corporate Governance based on the Asean Corporate Governance Scorecard 2021 based on public information and annual report 2020  as well as the company's website. The results of the assessment recorded that the Company's overall score reached 84.45 points with the following details;

  1. Principle A - Shareholders' Rights: 8.09
  2. Principle B - Equal Treatment of Shareholders: 7.69
  3. Principle C- Role of Stakeholders: 13.84
  4. Principle D – Disclosure and Transparency: 23.43
  5. Principle E - Responsibilities of the Board of Commissioners: 31.38

With a final score of 84.45 points, the performance of PT AKR Corporindo Tbk's compliance level is included in the predicate of "Good" or Level 3 (80 - 90), it means that the implementation of corporate governance has exceeded compliance with the minimum requirements and adopted some of the international standards required by the Company ACGS.

The Full Report can be accessed from the following link: ACGS Report IICD

Referring to the results of the assessment of 100 issuers with the largest and medium market capitalization or BigCap 100 - MidCap 100 in the 2020 ACGS assessment, PT AKR Corporindo's score is far above the average score of BigCap100 (73.63) and mid cap (65.38).