Implementation of Good Corporate Governance (GCG) is one way to improve a company’s performance. GCG simply serves as guideline for all individuals in the company for making decision and conducting work based on high level of morality, compliance to the prevailing laws and regulations and consistent company’s accountability to its stakeholders.
Consistent implementation of GCG enables long term sustainability in terms of integration of social and environmental accountabilities with the risk management, opportunity searching and allocation of capital for the best benefit to the stakeholders.
GCG will lead to accountable business practices to assure positive and conducive GCG work environment, accountability to the market and community accountability and healthy and sustainable financial performance.
For prudent implementation of GCG, PT Indonesia Kendaraan Terminal Tbk applies the following GCG principles:
The Company assures transparency and objectivity in each process of decision making for business operation. The Company shall provide accessible and comprehensible material and relevant information to the stakeholders. The Company also shall take necessary initiatives to disclosure not only any information required by the articles of associations and the prevailing laws, but also any other matters that may significantly affect the stakeholders’ decision making.
The Company performs in high accountability and is responsible for any transparent and fair information in the interest of the company as required by the Company’s Articles of Associations, business conducts and ethics, and the corporate culture without prejudice to the stakeholders’ interest in view of the Company’s sustainable performance.
The Company is committed to holding the prudent principles and compliance to the Company’s regulations, Articles of Association and the prevailing laws with the required conduct for social responsibility for the benefit of the surrounding community and the environment by providing relevant plans and implementation for the sake of the Company’s business sustainability.
The Company is professionally manage by avoiding conflicts of interests and pressure from any parties not in accordance to the prevailing laws and healthy corporation principles.
While performing business conduct, the Company prioritizes matters within the fairness frame.
Getting full trust and support from all the stakeholders.
GCG IPCC Score 2015 = 57,84 (poor)
GCG IPCC Score 2016 = 65,30 (fair)
GCG IPCC Score 2017 = 89,29 (excellent)
GCG IPCC Score 2018 = 93,06 (excellent)
Board Manual serves as the guideline for the Board of Commissioners and Directors which specifies structured, systematic, and comprehensible, with workable consistence guideline as reference for the Board of Commissioners and Directors to conduct their respective duties to reach the Company’s vision and mission.
The Board Manual has been compiled based on the corporate laws, prevailing laws and regulation, Articles of Associations, decisions of General Meeting of Shareholders and principles of Good Corporate Governance which include transparency, accountability, responsibility, independence, fairness and trust.
The Board Manual is designed to specify work relations between the Board of Commissioners and Directors with regards to respective conduct of duties to ensure professional, transparent and efficient Company management.
Principles of Board of Directors and Commissioners’ Work Relations:
The Code of Conduct is a set of guideline specifying principles that govern how daily values are managed to achieve the vision of PT Indonesia Kendaraan Terminal Tbk It is developed on a study pedestal of Corporate Vision and Values that are highly appreciated in all functions and all geographical operation area.
The Code of Conduct reflects the performances and values carried out in synergy with all of PT Indonesia Kendaraan Terminal Tbk stakeholders, namely the employees, customers, government, vendors, and communities to establish long-term relationship. The purpose of the Code is to provide information, awareness, training, violation-reporting procedure or to justify the obscurity between professional and work ethics.
Each individual of PT Indonesia Kendaraan Terminal Tbk is expected to :
We are committed to establishing a work environment that is free from drugs abuse and adultery. In addition, we are strongly against any forms of trade, distribution, possession and consumption of alcohol and drugs and adultery both within the work times and break times. The corporate reserves the rights to conduct drugs testing and investigation any time to find any evidence of drug use and immoral attitude in accordance with the law.
All of PT Indonesia Kendaraan Terminal Tbk individuals are obliged to comply with the above-mentioned rules. Every breach of rules with regards to alcohol and drug abuse as well as immoral conducts will lead to application of disciplinary sanctions including employment termination.
PT Indonesia Kendaraan Terminal Tbk owns not only tangible assets but also intangible assets, namely the employee’s working hours, intellectual property rights, and information that are protected by ownership and product design rights and many more.
Whistleblowing System (WBS) a system and procedure designed for receiving, analyzing and taking necessary action for complaints, deviation and breach conveyed by individuals of PT Indonesia Kendaraan Terminal Tbk or other parties.
Causes of deviation and breach in the Company may take the form of corruption, cronyism and nepotism emerging from misuse of authorities conducted by the Company’s individuals as demonstrated in unauthoritative decision makings, namely the ones that are not in compliance with the laws and regulations and the Company’s internal regulations.
The corporate provides whistleblowing system that can be accessed via:
Bearing high professionalism, independency, integrity and sustainability, PT Indonesia Kendaraan Terminal Tbk settles the anti-Corruption, Collusion and Nepotism as top priority in the corporate management. Equipped with such enthusiasm, the management continuously undertakes any possible efforts to fight each of them including gratification control.
The Gratification Control guideline is expected to strengthen the Company’s GCG implementation and to serve as a reference for all personnel of PT Indonesia Kendaraan Terminal Tbk with regards to with third parties. The guideline is part of the Company’s GCG enforcement instrument content which conformable with GCG guideline, Code of Ethics, and performance governance of Board of Directors and Board of Commissioners of PT Indonesia Kendaraan Terminal Tbk
Every personnel of PT Indonesia Kendaraan Terminal Tbk is not allowed, directly or indirectly, to give or offer any gratification to any parties that correlatively has business affiliation or appears to be a competitor in which the gratification is undertaken to obtain information, or other illegal means that are prohibited by the Laws, or to manipulate a particular party either for doing or forbearing to do any act in relation to the authority invested in present position/capacity.
Every personnel of PT Indonesia Kendaraan Terminal Tbk due to his/her capacity and/or nucleus family members (husband/wife, children) is not allowed directly or indirectly to accept or obtain any gratification from any party that correlatively has business affiliation or appears to be a competitor in which the gratification is undertaken to obtain information, or other illegal purpose that is prohibited by the Laws, or to manipulate a particular party either for doing or forbearing to do any act in relation to the authority invested in present position/capacity. Any gifts and or form of entertainment offered I na way not in accordance to this Guideline shall be politely rejected, explaining the reason thereof to the affected parties.
Gratification will be considered as bribery when:
To demonstrate a commitment on GCG implementation within the Company, this Guideline of the State Asset Management Report System (LHKPN) will be consistently applied in all corporate business lines. Therefore, for the sake of corporate's trust and credibility towards the society, shareholders, government, associates and other stakeholders, PT Indonesia Kendaraan Terminal Tbk upholds prominent integrity and commitment to conduct the LHKPN.
As one of State-Owned Enterprise subsidiaries, PT Indonesia Kendaraan Terminal Tbk establishes, stipulates and implements the LHKPN guideline as corporate compliance towards several regulations particularly the one with regards to the asset report submitted by officials of PT Indonesia Kendaraan Terminal Tbk.
LHKPN management is also a mutual commitment performed by all of PT Indonesia Kendaraan Terminal Tbk personnel due to their duties and responsibilities fulfillment in pursuance of corporate's vision, mission and governance.