PT AKR Corporindo Tbk is highly aware that achieving its vision and mission as well as maintaining a sustainable growth require more than just providing excellent products and services. Success also relies on the implementation of good corporate governance principles, namely transparency, accountability, responsibility, fairness and equality, and also independence.

 

The implementation of good corporate governance is fundamental for the Company. Not only does it play a vital role for business sustainability, good corporate governance also fosters success in both actualizing business plans and improving the Company’s competitive advantage. Good corporate governance principles ensure that business activities are always running in the right corridor that is governed by the prevailing laws and regulations, business ethics and best practices.

 

The application of good corporate governance principles by the Company is reflected in the following aspects:

Transparency is openness in carrying out decision making process as well as presenting relevant and material information about the Company.

Accountability is the implementation, clarity of functions, and accountability from organs of the Company that ensures the effectiveness of management.

Responsibility is the professional compliance towards the regulations and laws without conflict of interests and pressure from other parties.

Independence is a state in which the Company is professionally managed with no conflict of interests and pressure from any party which is not in accordance with the applicable legislations.

Fairness and Equality are justice and equality in fulfilling the rights of stakeholders which have been regulated by the applicable legislations.

 

The Company has positioned good corporate governance policies and their implementation as main frameworks for the development of the Company to earn the trust of customers and shareholders to improve long-term business sustainability.

 

The implementation of good corporate governance is a key factor to achieve the Company’s vision and mission. The board of commissioners and directors believe that by always building good values and cultures, the Company will obtain an overall good culture that will raise its performance. The implementation of good corporate governance requires consistent practice of those principles. In this respect the Company tries to conform to all prevailing laws and regulations. Good corporate governance values are applied on all business procedures, including procurement, employee selection, admission, reporting and marketing.