In order to implement GCG in the Company in accordance with the laws and best practices, the Company has implemented several policies (Soft Structure) related to GCG:
- The Company’s Articles of Association;
- Board of Directors and Board of Commissioners guidelines;
- Audit Committee Charter;
- Internal Audit Charter;
- Nomination and Remuneration Committee Charter;
- Risk Management policy;
- Whistleblowing System & Anti-Corruption Policy;
- Code of Conduct.
GOVERNANCE MECHANISM
In carrying out the governance relationship each Company Body respects and acts according to its function and role according to its position, on the basis of the principle of equality and mutual respect for the duties and responsibilities of each. The Board of Commissioners performs its supervisory function with the assistance of the Audit Committee and the Nomination and Remuneration Committee, while the Board of Directors carries out its management functions assisted by the Internal Audit Unit, Corporate Secretary and Investor Relations.
The Company continuously strives to maximize the five basic GCG principles, namely transparency, accountability, responsibility, independence, and fairness as the foundation for the Company’s daily operations. This is based on the Company’s awareness of the importance of applying GCG principles as an effort to achieving the Company’s vision and mission.
GCG Internalization in the Company is carried out by applying GCG values into all business processes including Procurement Procedures, Employee Selection Procedures, Acceptance Procedures, Reporting Procedures, and Marketing Procedures. The Company also periodically provides information to external parties regarding the Company’s operational and financial performance through:
- Investor relations activities (analyst meetings and roadshows to various investment institutions)
- Annual public exposure
- Regular updates to the Company’s website (www.akr. co.id)
- Periodic information dissemination in the form of news releases to stakeholders.
Familiarization and an understanding of the Company’s commitment to GCG to all levels of the Company is continuously carried out in every business activity. There are three major focuses the Company adheres to regarding GCG in the Company, including:
- Compliance, the Company’s compliance principle with good corporate governance in all aspects, including implementing Company policies.
- Confidence, planting an optimistic and confident attitude that the Company always provides the best for all stakeholders.
- Transparency, always prioritizing the principle of transparency and always providing the information needed by investors.