Good Corporate Governance (GCG) is a value system that becomes a benchmark

for the Company’s ability in administering a healthy operational and business

process. The organic structure of GGC, compliance to applied regulations and
constitutions, and openness of information are several important aspects of CGC
and reflects the organizational management of a Company.

For a public listed company. GCG has been published by OJK and used as a road
map by financial services its business activity in a long term manner. By the
Indonesian Stock Exchange (IDX) publishing the roadmap of good corporate
governance, GCG has been on issuing corporate governance road map by Financial
Services Authority (OJK), GCG has become one of measurement for a Company’s
performance; in addition to financial and business operational performances.

Company has done GCG implementation in its all business processes. On

implementation, Company referred to GCG general principles, named as TARIF, as:
Transparency, Accountability, Responsibility, Independence and Fairness.

1. TransparencyTo improve the objectivity of business activity, the

Company will always initiate to provide and disclose material and
relevant information and policy in a clearly written and punctual
manner, easily accessible and understood by all shareholders, creditors
and other stakeholders.
The Company will uphold the confidentiality of the Company secret
according to the laws and regulations, the secret of function and
personal rights, without undermining the principles of disclosure
adopted according to GCG’s disclosure principles.
2. AccountabilityIs a pre-requirement needed to achieve good and
sustainable performance. Thus, the Company has to be managed well,
measurable and inline with the Company’s interests by always
considering the interests of the shareholders and other stakeholders.
The organs of the Company and staff have to strongly hold on to the
business ethics and code of conduct in conducting its responsibility and
business activity.
3. ResponsibilityAs a form of responsibility to the community and
environment as shareholders, the Company will always implement the
principles of prudence and adhere to the internal corporate regulations
(by-laws) in conducting its business activities, thus it is expected that the
Company gets acknowledgement as a Good Corporate Citizen.
 4. IndependenceThe Company will always conduct its business
independently and avoid the dominancy practice from any parties,
conflict of interests, dominancy by one of the Company’s organs upon
other Company’s organs, any kinds of pressures or influences that may
affect the decision making so it is expected that all decisions made by
the Company are more independent and objective.
5. FairnessThe Company will always give attention and treat the
shareholder’s interests and related third party which are related to or
conduct transactions with the Company in fairness and equality, and
will always provide the same opportunity to the community in the staff
recruitment process and in career without discerned to their physical
condition, their race, religion, group or gender.
The purposes of the Company GCG implementations are:

 To encourage independency empowerment, professionalism and

objectivity of the Company’s discerned in decision making and
implementing it in order to be always based on transparency,
accountability, responsibility, independency and equality and fairness
and the principle of prudent and compliance with applicable law and
regulations.
 To improve the performance and the Company’s competitiveness in the
national and international infrastructure industry.
 To encourage good, conducive, and professional relationships and
working environments, among the Company’s organs, staff and
community.
 To avoid any practice of business ethics violations such as avoiding
conflict of interests, manipulation, false statement, bribery and
discrimination.
 To encourage the growth of the national economy through investment
or FDI in the infrastructure industry.
Through these implementation principles, the Company conducts its business
activities and makes a manual for all corporate entities in every unit activity and
business lines in order that the Company always grows and has a sustainable long
term pattern. The Company has GCG manual that regulates GCG dimensions and
its implementation, with several discussions as follows:

1. Company’s Vision and Mission

2. Company’s Values
3. Ethics (Code of Conduct)
4. Board of Commissioners
5. Committees:
1. Audit Committee
2. Nomination and Remuneration Committee
3. Investment and Strategy Committee
6. Board of Directors
7. Internal Audit Division and External Auditor
8. Corporate Secretary
9. Financial System and Internal Controlling