Corporate governance (Good Corporate Governance or GCG) is implemented by implementing the principles of transparency, accountability, responsibility, independence as well as fairness and equality. This aims to ensure the creation of an overall balance between economic and social, individual and group, internal and external, short-term and long-term interests as well as the interests of shareholders and stakeholders.

The Company always tries to build compliance with good corporate governance standards in all of its business activities to protect the interests of all stakeholders. The Company believes that in facing increasingly competitive and complex competition, the implementation of good corporate governance aspects will become the basis for strengthening the Company’s position and performance and can support the Company’s efforts to achieve its business goals.

In order to safeguard the interests of all stakeholders and increase value for shareholders, so far the Company has implemented good corporate governance in its business activities. The Company has a commitment to always behave by showing business ethics and being transparent in accordance with applicable laws and regulations. In implementing GCG, the Company has a Corporate Secretary, Internal Audit Unit, Nomination and Remuneration Committee, and Audit Committee and has appointed an Independent Commissioner.

The Company applies GCG principles in order to safeguard the interests of stakeholders and increase value for shareholders. In connection with the implementation of these principles, the Company has a Corporate Secretary, Internal Audit Unit, Audit Committee, and has appointed an Independent Commissioner. The objectives of implementing the Company’s GCG are as follows:

1. Regulate and control the relationship between stakeholders.
2. Running a business that is transparent, complies with regulations, and has good business ethics.
3. Improved risk management.
4. Increasing the competitiveness and ability of the Company in dealing with very dynamic industrial changes.
5. Prevent the occurrence of irregularities in the management of the company.

In order to safeguard the interests of all stakeholders and increase value for shareholders, so far the Company has implemented good corporate governance in its business activities.

The Company has a commitment to always behave by showing business ethics and transparency in accordance with applicable laws and regulations.