GOOD CORPORATE GOVERNANCE

In conducting its activities and ensuring a sustainable business growth, while thoroughly adhering to the prevailing laws and regulations, the Company upholds the following five GCG principles at all times:

GCG MCAS.PNG

TRANSPARENCY

RESPONSIBILITY

FAIRNESS

INDEPENDENCY

ACCOUNTABILITY

  • The Company conducts its business with a high degree of transparency (openness), by providing all of its
    stakeholders with adequate access to all relevant and
    authentic information related to its business in an
    accurate and timely manner, commensurate with the interest of each stakeholder.

  • The Company ensures that every plan, decision, and implementation of policies is performed in the interest of the stakeholders, whenever applicable. All operational and financial activities, including the Company’s business development plans, are established, conceived, and performed in a fair and just manner, by taking into account all factors that may significantly affect the Company’s business, and without discriminating against any parties on the grounds of their affiliations that are entirely unrelated to the Company’s business.

  • The Company prevents any interference of the Board Of Commissioners in any action of the management and decisions taken by management, avoids any transactions with potential conflict of interest, and respects the rights of its minority shareholders by appointing an Independent Commissioner

  • The Company has established standardized and professional protocols for its every activity, and has performed such protocols in line with policies prevailing in the Company.

GCG.JPG

  • All decisions made by executives and staff of the Company become entirely the responsibility of the Company. The Company is responsible for providing comprehensive details on the measures it has taken, to the rightful stakeholders that have called for such responsibility from the Company

As a public company responsible for managing its business in accordance with the interests of its many stakeholders, PT NFC Indonesia Tbk strives to ensure its compliance with the laws (in particular Law No. 40/2007 on Limited Liability Companies), regulations issued by the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX), as regulators of the financial industry and the capital market, as well as other regulations that are pertinent to the Company’s business.

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The implementation of good corporate governance (GCG) practices in the Company is also governed by the provisions in the Company’s Articles of Association, and upholds at all times

the principles of GCG.

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In accordance with prevailing provisions, the Company has a corporate governance structure that has been formed to ascertain the implementation of GCG and sound business practices that fulfill the requirements set by the regulators. The corporate governance

structure consists of:

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1. General Meeting of Shareholders (GMS)

2. Board of Commissioners (BOC)

3. Board of Directors (BOD)

4. Audit Committee

5. Nomination and Remuneration Committee

6. Corporate Secretary

7. Internal Audit Unit