PT Indonesia Power implements Corporate Governance Policy by enforcing the
Good Corporate Governance Code, the Code of Conduct, the Board Manual, and
other policies to support corporate governance practices such as the Whistle
Blowing System Policy, the Gratification Control Policy, the Company Officer
Wealth Report Policy, the Clean Indonesia Power Policy, the Conflict of
Interest Policy, and the Public Information Transparency Policy.
1. Corporate Governance Policy (GCG Code)
The Corporate Governance Policy contains strategic directives from the
Board of Directors and Board of Commissioners in implementing GCG in the
Company and serves as a reference for all Indonesia Power activities including
the relationship between the Company and Shareholders, the functions and roles
of the Board of Commissioners and Directors, the Company's relationship with
stakeholders, and the principles of the Company's core policies. The GCG
Guidelines of PT Indonesia Power are regulated in a joint decision of the Board
of Directors and Board of Commissioners SK No. 178.K/010/IP/2019 and SK No.
006.SK/DEKOM-IP/2019 (download here).
2. Company Code of Conduct (COC)
The Code of Conduct serves as a reference for interactions among management,
employees, and stakeholders in accordance with the company's values, culture,
and GCG principles. The COC regulates what is appropriate and inappropriate,
commendable and deplorable, and valued and not valued behaviors performed by IP
employees in their relationships with all company stakeholders. The Code of
Conduct (download here) is a joint decision by the Board of Directors and DEKOM
as stated in SK No. 179.K/010/IP/2019 and SK No. 007.SK/DEKOM-IP/2019.
3. Board of Directors and Board of Commissioners' Manual
The Board Manual is a document that outlines the rights, obligations,
duties, and authorities of the Board of Commissioners and Board of Directors as
the Main Organ of the Company, as well as the processes and functions between
the two organs. The guidelines for the Board of Commissioners and Board of
Directors are regulated in a joint Decree of the Board of Commissioners and
Board of Directors, SK No. 051.K/010/IP/2020 and SK No. 005.SK/DEKOM-IP/2020
4. Gratuity Control Policy
The Gratuity Control Policy provides guidance for employees to understand
the definition and concept of gratuities and how to act when facing gratuity
practices. The Gratuity Control Guidelines are stated in Decree No.
019.K/010/IP/2020 (download here).
5. Conflict of Interest Policy
The Conflict of Interest Policy provides guidance on how to identify,
prevent, and mitigate conflicts of interest, as well as the procedure for
disclosing potential conflicts of interest in order to ensure good corporate
governance. The Conflict of Interest Guidelines are regulated in Joint Decree
No. 018/K/010/IP/2020 (download here).
6. Whistle Blowing System Policy
The Whistleblowing System Policy is a guideline (download here) for
handling complaints of violations from stakeholders to ensure the effective
resolution of complaints as an effort to disclose various violations in the
Company that do not comply with applicable ethical standards. This policy is
included in the joint decision of the Board of Directors and the Board of Commissioners
SK No. 250.K/010/IP/2019 and SK No. 020.SK/DEKOM-IP/2019 (download here).
7. Public Information Transparency Policy
The Transparency Policy of Public Information of Indonesia Power is based
on the Law of the Republic of Indonesia No. 14 of 2008 concerning Public
Information Disclosure. The Transparency Policy of Public Information of
Indonesia Power contains limitations on the Company's information that is
allowed to be consumed or disclosed to the public, as well as materials that
are exempt from all information that must be disclosed to the public in
accordance with Law No. 14/2008. The Indonesia Power Public Information Policy
is regulated in Decree No. 246.K.010.IP.2017 concerning Public Service,
Disclosure, and Transparency of Information in PT Indonesia Power (download here).
8. Indonesia Power Clean Policy
The Indonesia Power Clean Policy is a guideline for implementing clean
activities within the company aimed at eliminating practices of Corruption,
Collusion, and Nepotism in the company's environment. The Clean IP Guidelines
are regulated in Joint Decree No. 161.K.020.IP.2014 (download here).
9. Corporate Officials' Property Policy Report (LHKPP)
The Wealth Report Policy for State Officials contains provisions for senior
executive officials and above to report their wealth to the Corruption
Eradication Commission (KPK) through the Company Secretariat. This policy is in
line with the Wealth Report Policy for State Officials (LHKPN) No. 112/K/010/IP/2021 (download here).