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GCG Seri 3 PDF
GCG Seri 3 PDF
Corporate Governance
Self Assessment Checklist
Citra Graha, 7th Floor, Suite 703 , Jl. Jend. Gatot Subroto 35 36 , Jakarta 12950, Indonesia
Phone: 021 5201023 Fax.: 021 5201029
E-mail: fcgi@fcgi.or.id http://www.fcgi.or.id
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Corporate Governance
Self Assessment Checklist
Citra Graha, 7th Floor, Suite 703 , Jl. Jend. Gatot Subroto 35 36 , Jakarta 12950, Indonesia
Phone: 021 5201023 Fax.: 021 5201029
E-mail: fcgi@fcgi.or.id http://www.fcgi.or.id
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Kata Pengantar
FCGI akan dengan senang hati bekerjasama dengan semua pihak untuk
menyebarkan penilaian mandiri ini kepada dunia bisnis di Indonesia dan
masyarakat umum. Meskipun penilaian mandiri ini telah rampung, FCGI
mengakui terhadap penilaian mandiri ini dapat terus dilakukan
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Eddie M. Gunadi
Acting Chairman
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Preface
Dear Colleagues,
We are very pleased to inform you that the Forum for Corporate Governance
in Indonesia (FCGI) was established on 8 February last year by 5 (five)
private sector of business and professional associations namely: the Asosiasi
Emiten Indonesia (AEI), the Ikatan Akuntan Indonesia-Kompartemen
Akuntan Manajemen (IAI-KAM), the Indonesian Financial Executives
Association (IFEA) and the Masyarakat Transparansi Indonesia (MTI),
supported by the Indonesian Netherlands Association (INA). Since the FCGI
is inclusive in nature and other business and professional associations are
welcome to join, currently the FCGI has 10 (ten) members of business and
professional associations. The joining members of the FCGI are the Asosiasi
Perusahaan Efek Indonesia (APEI), the Institute of Internal Auditors (IIA) -
Indonesian Chapter, the Forum Komunikasi Satuan Pengawas Intern
BUMN/BUMD, the Yayasan Pendidikan Internal Audit (YPIA), and the
Masyarakat Profesi Penilai Indonesia (MAPPI).
The main objective of this open Forum is to promote and to foster the
implementation of principles and rules of Good Corporate Governance
amongst companies in Indonesia. In line with our main objectives and with
cooperation with the Asian Development Bank (ADB), we have developed a
Self-Assessment on Corporate Governance, namely "Corporate Governance
Self Assessment Checklist".
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Eddie M. Gunadi
Acting Chairman
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Daftar Isi
Contents
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Kepengurusan FCGI
Ketua : Eddie M. Gunadi (IAI-KAM)
Sekretaris Jenderal : Irwan M. Habsjah (IFEA)
Bendahara : Elmar Bouma (INA)
Members of the Board : Abdurachim Husein (APEI)
Binsar Simanjuntak (BPKP)
Chris Cooper (IIA Indonesia Chapter)
Dewi Sri Umi (MAPPI)
Dudi M. Kurniawan (IAI-KAM)
Edward R. Gustely (JITF)
Edy Indratjahja (BPKP)
Erry Riyana Hardjapamekas (MTI)
F. Antonius Alijoyo (IFEA)
Felia Salim (MTI)
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In addition, there are 7 institutions that are active observers of FCGI, namely:
JITF (the Jakarta Initiative Task Force);
Partnership for Governance Reform in Indonesia;
SPUR (Solidarity of Professionals for Reform);
University of Bina Nusantara;
Committee on GCG of BPKP (Financial and Development
Supervisory Board);
ISICOM (the Indonesian Society for Independent Commissioners);
and
PERHUMAS (Public Relations Association of Indonesia).
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international best practices, so that they can gain the benefits associated with
Good Corporate Governance. The activity of the FCGI complement the
activities of the National Committee on Good Corporate Governance
(NCCG), who are responsible for drafting the Code of Conduct of Good
Corporate Governance and formulating the strategies required to implement
this code. As part of the FCGIs efforts to socialize Good Corporate
Governance principles, the FCGI has already published Good Corporate
Governance booklets and developed a self assessment questionnaire for
companies to assess their implementation of Good Corporate Governance
principles.
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Untuk itu, sebenarnya sudah ada beberapa tools (alat) yang dapat digunakan
sebagai penilaian mandiri (self assessment) apakah Corporate Governance
pada suatu perusahaan sudah baik. Salah satu alat untuk melakukan
penilaian mandiri tersebut dikembangkan oleh FCGI (Forum for Corporate
Governance in Indonesia). Alat itu berwujud seperangkat kuisioner yang
dapat diisi sendiri oleh perusahaan dan selanjutnya perusahaan memberikan
penilaian atau skor secara obyektif terhadap jawabannya itu. (Informasi lebih
lanjut dapat dilihat di www.fcgi.or.id atau e-mail ke fcgi@fcgi.or.id)
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Namun demikian bukan berarti metode penilaian mandiri ini tidak ada
manfaatnya. Metode penilaian mandiri tetap besar potensi manfaatnya
sepanjang assessment tersebut dikerjakan secara jujur dan obyektif.
Sedangkan kegunaan dari penilaian mandiri ini, terutama adalah untuk
membantu perusahaan memahami kondisi Corporate Governance-nya,
mengidentifikasi bidang-bidang Corporate Governance yang masih lemah
dan memperbaiki bidang yang masih lemah tersebut.
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Beberapa Pembatasan
Hasil pengisian kuisioner ini hendaknya dapat ditanggapi secara hati-hati. Ada
beberapa alasan yang mendasari hal ini: Pertama,Good corporate Governance
bukan hanya pertanyaan apakah perusahaan telah memiliki proses yang tepat,
akan tetapi lebih dari sekedar itu yaitu apakah proses-proses yang
dipersyaratkan tersebut dijalankan secara efektif dalam rangka menciptakan
Good Corporate Governance. Oleh karena itu suatu penilaian diperlukan untuk
menafsirkan angka yang diperoleh dalam menjawab pertanyaan-pertanyaan
kuisioner ini, yang sebagian besar jawabannya adalah ya atau tidak. Kedua,
karena kuisioner ini ditujukan untuk setiap perusahaan dalam pengertian yang
luas, maka jangkauan pertanyaan-pertanyaannya pun bersifat luas pula.
Sehingga pertanyaan-pertanyaan tersebut tidak terlampau mendetil ditujukan
pada permasalahan-permasalahan Corporate Governance yang dihadapi
perusahaan-perusahaan yang bergerak dalam industri tertentu. Akhirnya,
sebagaimana umumnya penilaian mandiri, penilaian dalam mengevaluasi
kuisioner yang telah diisi sangat tergantung pada pengetahuan, pengalaman
dan obyektivitas para pihak yang bertanggungjawab untuk mengisi kuisioner ini.
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Hasil Penilaian
Tabel dibawah ini menujukkan skor dari 5 (lima) kelompok pertanyaan-
pertanyaan dalam kuisioner terlampir. Sementara itu pertanyaan-pertanyaan
di setiap kelompok memiliki bobot nilai masing-masing. Pengelompokan
pertanyaan-pertanyaan tersebut disusun untuk menggambarkan pentingnya
bidang-bidang yang dimaksud secara relatif. Dan hasilnya dapat
diperbandingkan dengan nilai rata-rata responden lain yang mengisi
kuisioner.
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Hak dan Kewajiban Pemegang Saham: Efektifitas perusahaan dalam melindungi hak-
hak semua Pemegang saham, termasuk didalamnya kemampuan perusahaan untuk
mencegah Pemegang Saham mayoritas mengurangi nilai dan kepentingan
Pemegang Saham minoritas
Nilai
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Total Nilai
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Struktur dan Pengaturan Direksi dan Komisaris : Kemampuan Komisaris secara independen untuk menilai
Kinerja manajemen dan membuat manajemen bertanggung jawab terhadap Pemegang Saham dan para
Pihak Pemegang Kepentingan (Stakeholders)
Nilai
2.1 Apakah perusahaan anda memiliki Pedoman Corporate Governance
yang tertulis dimana di dalamnya mengatur secara rinci hak-hak
Pemegang Saham dan tugas Direksi dan Komisaris ? Ya(5) Tidak(0)
2.6 Apakah perusahaan anda mempunyai Pedoman Etik dan Tingkah Laku
(Code of Conduct/Ethics) yang tertulis ? Ya(5) Tidak(0)
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Total Nilai
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3.0 Praktek
3.0 PraktekCorporate Governance
Corporate Governance Nilai
3.1 Apakah Direksi secara teratur mengadakan rapat
dengan Komisaris ? Ya(5) Tidak(0)
3.13 Silakan periksa komite-komite berikut ini (apabila ada) yang secara aktif
berfungsi dalam perusahaan anda:
5 angka
- Komite Audit (untuk mengawasi auditor intern dan ekstern)
- Komite Kompensasi (untuk menilai kompensasi Direksi, Komisaris,
dan manajemen) 5 angka
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3.14 Apakah ada sistem penilaian kinerja formal untuk Direksi? Ya(5) Tidak(0)
3.15 Apakah ada sistem penilaian kerja formal untuk Komisaris?
Ya(5) Tidak(0)
3.16 Seberapa seringkah penilaian kinerja terhadap Direksi? per tahun
(Apabila ada, maka nilainya=5)
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Total Nilai
*1 Kepentingan Keuangan dirumuskan sebagai memiliki saham, warrants, convertible bonds, hutang
pada perusahaan, maupun hubungan bisnis, misalnya sebagai pemasok atau nasabah perusahaan
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Disclosure: ketelitian dan ketepatan waktu perusahaan menyingkap kedudukan keuangannya. Keadaan
perusahaan dan prospek-prospeknya, dan informasi non-keuangan lain, serta kemungkinan investor
prospektif memperoleh informasi tersebut.Penyingkapan informasi non-keuangan meliputi susunan kepemi-
likan perusahaan, corporate governance dan pedoman etika lainnya, yang seharusnya diketahui umum.
Nilai
4.1 Apakah perusahaan anda menyediakan
informasi yang sama apakah itu kepada
Pemegang Saham maupun analis investasi ? Ya(5) Tidak(0)
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Tidak
4.8 Apabila "Ya", dimanakah informasi tersebut dibuka ? ada nilai
Total Nilai
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5.0 Audit
Total Nilai
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Pertanyaan-pertanyaan berikut ini adalah tentang fakta perusahaan anda dan kepemilikannya yang diperlukan untuk
mengklasifikasi peserta survei ini.
Informasi yang anda berikan akan dianggap rahasia, dan tidak akan diumumkan kecuali dengan izin sebelumnya dari anda
Nama Perusahaan :
Nama orang yang mengisi/diberi kuasa untuk mengisi kuisioner :
Kedudukan di dalam perusahaan :
Alamat e-mail anda atau alamat rinci lainnya yang dapat dihubungi :
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For that, there are actually already some tools, which can be used by
companies for self assessment, to know whether the Corporate Governance
of a company is already well implemented. One of the tools for said self
assessment has been developed by FCGI (Forum for Corporate Governance
in Indonesia). This tool is in the form of a set of questionnaires which can be
completed by the companies themselves and furthermore the companies
give an evaluation or scores objectively towards those replies. (For further
information please look at www.fcgi.or.id or through e-mail to fcgi@fcgi.or.id)
Let us see at the samples of items that are included in the scope of the
respective sections. In the shareholders rights, for instance, we can give an
evaluation, whether the company:
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- has held the Annual General Meeting of Shareholders (GmoS) within the
period of 6 months after the accounting year end, in accordance with
chapter 65 paragraph 2 of the Indonesian company law (UUPT);
- has submitted to the shareholders the notification regarding the Annual
Meeting of Shareholders at least 28 days before GMoS is held;
- has encouraged the shareholders to attend GMoS and to make use of
their voting rights;
- has given enough opportunity to the shareholders to put questions at
GmoS;
- Etc.
Furthermore give scorings, for instance 5 points for each answer "yes" and 0
points for answer "No". So for instance of the 10 questions in the section of
said shareholders rights, the company is answering 6 times "yes" and
answering 4 times "no", for this section the company will obtain the score of
(6 X 5) + (4 X 0) = 30 (of the maximum score of 50 or 10 X 5).
Above said assessment is also to be done for other sections. For instance in
the sector of Corporate Governance policy, the company can appraise
themselves whether they:
- have a written code of corporate governance wherein clearly explains the
rights of the shareholders, the duties and responsibility of the Board of
Directors and Board of Commissioners;
- make available access for the public to know the companys policy
regarding public investors;
- have set up an organ responsible (for instance the Board of
Commissioners) to ascertain that the company adheres to the code of
Corporate Governance;
- have a written code of conduct/ethics for the employees;
- have a written code of conduct/ethics informed and implemented well
- Etc.
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Furthermore, like in the section of the rights of the shareholders, in the other
sections also can given scores (for instance for each answer "yes" a score of
5 is given, while for each answer "no" a score of 0 is given). From the results
of these scorings, is for instance obtained a score for the rights of
shareholders = 30 (of a maximum score of 50), Corporate Governance
policy = 45 (of a maximum score of 60), Corporate Governance practices
= 60 (of a maximum score of 80), disclosure practices = 25 (of a maximum
score of 40), audit =30 (of a maximum score of 40). Furthermore to determine
the total score the weighted average method is used (with the weights as
explained at the beginning of this article). Herewith the total score for said
company is:
With this score of 69,5, does this mean that the Corporate Governance of
said company is good or bad? The answer is relative, because there is no
standard stating what score is good or what score is bad. However, there are
two things which must be paid attention to. First, the company has to try to
reach the highest score as possible. Second, we have to be cautious in using
this Corporate Governance score, in comparing several companies,
especially if the characteristics of industry are different. If a company, based
on the questionnaire is scoring 69,5 the Corporate Governance is not said to
be worse in comparison with another company scoring 75, and also the other
way round. In some aspects the Corporate Governance of a company with
said score of 75, is maybe better than that with a score of 69,5. But there are
maybe some strong points of the Corporate Governance of the company with
the 69,5 score, which are not recorded well through said questionnaire. That
is because Corporate Governance is actually not something absolute which
can be measured exactly or with certainty by using a special tool. Corporate
Governance has many dimensions and there is no tool yet able to measure
it perfectly.
We have to be aware that the self assessment method has strong as well as
weak points. The strong point of the self assessment method is simple; a
company can easily appraise on its own what grade the implementation of
corporate governance is, by giving points to each section of the questionnaire
and cast it up. While the weak point is that the assessment is not done
independently as it is done on its own, and can raise questions whether the
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Nevertheless this does not mean that this self assessment has no benefit.
The potential for benefit of this self assessment is still great, as long as the
assessment is done fairly and objectively. While the use of the result of this
self assessment, especially is to help the company to understand its
Corporate Governance condition, to identify the still weak sections of the
Corporate Governance and to better the still weak sections.
The self assessment is not meant to convince the public about the companys
Corporate Governance condition. If the companys aim is to convince the
public about its Corporate Governance, the company can ask for an
independent party to do this assessment (like quality certifications at ISO
9000). Mentioned independent party can be a government institution, a
public accountant, as well as other parties having competition in the
Corporate Governance sector and can do assessments objectively. Given
that the most recognized international certification is the International
Standards Organization (ISO9000) certification, parallels are often drawn
between corporate governance certification and ISO certification. However,
there are differences between ISO certification and Corporate Governance
certification; ISO certification assures that products are produced by meeting
well-defined standards of quality and consistency, Corporate Governance
certification is of the tangible systems and processes within a company,
certification is against the recognized ISO standards and certification is
provided by authorized parties registered with ISO. Therefore, it is not fair to
draw parallels between corporate governance certification and ISO
certification.
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Limitations
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Results
The table below shows the summary scores from the 5 separate sections of the
attached questionnaire. While all questions in each section have scored
equally, the sections themselves have been weighted to reflect the relative
importance of each area. The results can be compared with the average scores
of other participants in the survey.
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Score
1.1 Is the annual meeting of shareholders
conducted within 6 months after the accounting
year end in accordance with the regulation chapter
Yes(5) No(0)
65 (2) of the company law ?
2. transmitted on time? 1 2 3 4 5
- transmitted on time? 2 3 4 5
1
- includes important non-financial information to
1 2 3 4 5
explain performance?
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Total score
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Board Structure and Governance: the ability of the Board of Commissioners to provide
independent oversight of management performance and hold management accountable to
shareholders and other relevant stakeholders Score
2.1 Does your company have a written code of corporate
governance wherein the rights of shareholders,
duties of the Boards are specified? Yes(5) No(0)
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Total score
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3.0 Corporate
3.0 CorporateGovernance Practices
Governance Practices
Score
3.1 Does the BoD have regular meetings with the BoC? Yes(5) No(0)
3.7 How many times a year does the BoD conduct formal meetings?
(if 4-11=2 points; if 12 or more=5 points)
3.8 How many times a year does the BoC conduct formal meetings?
(if 2-6=2 points; if 6 or more=5 points)
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3.13 Check which of these committees (if any) are actively functioning
in your company:
- Audit Committee (for supervising the external and internal auditors) 5 points
- Compensation Committee (for reviewing BoC, BoD & management
compensation) 5 points
3.17 How often is the performance appraisal review of the BoC? (if any=5 points) per year
3.18 When is the timing of changes to the BoD? (if any=5 points) every years
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3.30 How often does the BoD actively monitor the results
of the business?
(if 4-11 points =2 ; if 12 or more =5 points) per year
Total Score
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Score
4.1 Does your company provide shareholders
and investment analysts equal access to
Yes(5) No(0)
information?
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Total Score
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5.0 Audit
Very low Average Very High Score
5.1 Please rate the quality of:
- Internal Audit 1 2 3 4 5
- Audit Committee 1 2 3 4 5
- External Audit 1 2 3 4 5
Total Score
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The following questions are facts about your corporation and its ownership that are required to classify the respondents
in the survey.
The information which you provide will be held confidentially, and will not be disclosed without prior permission from you.
6.4.1 How many directors in the Board represent this controlling group?
6.4.2 Are the Chairman of the Commissioners and the President Director
either affiliated with or appointed by the controlling shareholders?
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1. AAJ Integrasi
2. Akzo Nobel
3. Cipta Niaga, PT. (Persero)
4. Damen Shipyards
5. Danareksa, PT. (Persero)
6. Delft Instruments
7. Elnusa Pan Pacific
8. ING Barings
9. Insight Consulting
10. Inti, PT. (Persero)
11. Integrasi Software, PT.
12. KPMG Accountants NV
13. Kustodian Sentral Efek Indonesia, PT.
14. Matahari Putra Prima Tbk., PT.
15. Ministry of Foreign Affairs of the Netherlands
16. Mitra Investdana Sekurindo, PT.
17. P&O Nedlloyd
18. PricewaterhouseCoopers
19. Rabobank
20. Salim Indoplantations, PT.
21. Shell Nederland BV
22. Unilever
23. VNO-NCW
24. Partnership for Governance Reform in Indonesia
25. Harian Umum REPUBLIKA
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