PT WIJAYA KARYA (Persero) Tbk. always upholds the implementation of Good Corporate Governance (GCG) principles. The Company strives to continue to maintain integrity and improve itself in the implementation of GCG commitments in order to achieve the goal of being an adaptive, sustainable and developing competitiveness business entity. In order to protect the interests of shareholders and stakeholders, the Company ensures that all elements act in accordance with the ethical standards of behaving and doing business. To support these efforts, the Company established a governance structure, a corporate governance framework to regulate the relationship between the Company and its Shareholders, the Board of Commissioners, the Board of Directors and other stakeholders. By referring to this framework, the Company carries out the Governance Process and achieves Governance Outcome that supports financial health and the achievement of the Company’s goals in accordance with stakeholder aspirations. WIKA’s commitment to GCG is shown in the Vision, Mission and Cultural Values of the Company. The Company’s vision to be one of the best companies in the field of EPC (Engineering, Procurement & Construction) and integrated investment in Southeast Asia, is realized in the Company’s Mission based on the Company’s Cultural Values. In realizing the Vision and executing the Mission, the Company always adheres to GCG principles, namely transparency, accountability, responsibility, independence and fairness.
WIKA’s commitment to applying corporate governance is embodied in the Corporate Governance Framework as follows:
IMPLEMENTATION OF SUSTAINABLE GOOD CORPORATE GOVERNANCE
The Company applies GCG according to the standards set. The Company’s GCG implementation refers to the StateMinister of BUMN Regulation Number: PER-01/MBU/2011 dated August 1, 2011 concerning the Implementation ofGood Corporate Governance in SOEs and changes in the State Minister of State Regulation Number: PER-09/MBU/2012 July 6, 2012. In principle, GCG in WIKA has been well implemented by the Board of Commissioners, Board of Directors, andall human capital in each activity, with the aim of protecting the interests of the Company, shareholders andstakeholders. The mechanism for GCG implementation is described in the following implementation cycle.