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Good Corporate Governance

Good Corporate Governance (GCG) is a concern of every company and there is no exception for PT Pos Logistics Indonesia. Not only focus on achieving the intended goals, but also compliance with company regulations, legislation, based on high morals, and awareness of the existence of corporate social responsibility to the stakeholders consistently.

 

The purpose of implementing Good Corporate Governance :

 

  1. Maximizing the value of the Company by improving the principles of transparency, accountability, trustworthiness, responsibility and fairness so that the Company has strong competitiveness, both nationally and internationally.
  2. Encouraging professional, transparent and efficient management of the Company, as well as empowering functions and increasing independence.
  3. Encouraging company management to make decisions and carry out actions based on high moral values and compliance with applicable laws and regulations, as well as awareness of the Company's social responsibility towards stakeholders and the preservation of the environment around the Company.
  4. Increasing the Company's contribution to the national economy.
  5. Increasing the value of investment and wealth of the Company.

 

GCG Implementation Guidelines at Pos Logistics Indonesia :

 

  1. Transparency, namely openness in carrying out the decision-making process and openness in expressing material and relevant information about the Company.
  2. Independence, is a condition in when the Company is managed professionally without conflict of interest and influence / pressure from any party that is not in accordance with the prevailing laws and regulations.
  3. Accountability, namely clarity of functions, implementation and accountability of Company Management so that the Company's management is carried out effectively.
  4. Responsibility, that is the suitability in the management of the Company against the applicable laws and regulations.
  5. Fairness, namely justice and equality in fulfilling the rights of stakeholders arising under the applicable laws and regulations.

 

Guide to GCG Implementation for Pos Logistics Indonesia Commissioners :

Members of the Board of Commissioners are prohibited from conducting transactions that have a conflict of interest and take personal advantage of the activities of the Company other than the salary and facilities received as a member of the Board of Commissioners determined by the General Meeting of Shareholders (GMS).

 

Guide to GCG Implementation for Pos Logistics Indonesia Directors

Directors / Employees are prohibited from conducting transactions that have a conflict of interest and take personal advantage of the activities of the Company they manage other than salaries and other facilities that have been determined by the General Meeting of Shareholders (GMS) or existing service regulations. Determination of the composition of the Board of Directors is set fairly and is free from the influence of members of the Board of Commissioners and other members of the Board of Directors and Shareholders.

 

GCG Internal Control System

 

Internal Audit

An effective Internal Control System must be established by the Board of Directors to secure the investment and assets of the Company, in order a single corporate business can be controlled from a legal standpoint in various aspects :

 

  1. Operations: relating to the effectiveness and efficiency of the use of company-owned resources, including performance and profitability objectives and safeguarding resources from losses.
  2. Financial Reporting: relating to the preparation of reliable financial reports including prevention of fraud in financial reporting to the public and internal financial reports.
  3. Compliance: relating to the Company's compliance with the laws and regulations that apply to the Company.

 

External Audit

Appointed through the General Meeting of Shareholders (GMS) of the candidates submitted by the Commissioner based on the proposal of the Audit Committee along with the reasons for nomination and the amount of honorarium / proposed compensation. External Audit must be free from the influence of the Commissioners, Directors and other interested parties in the Company, because the implementation of GCG must be periodically tested with GCG test equipment in accordance with applicable company provisions.

 

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