CORPORATE GOVERNANCE

August 31 2017 10:03:23 IWST

In its efforts to become a large, responsible and transparent company, PT PAL INDONESIA (PERSERO) implements a Good Corporate Governance system in accordance with the provisions of Government Corporate Governance.

Compliance with established regulations and high discipline has become a reference for the implementation of Corporate Governance. As a role model for staff, the Board of Commissioners and the Board of Directors always attend meetings conducted with a high percentage of participation, as many as 16 times a year.

In accordance with the corporate culture values ‚Äč‚Äčthat uphold transparency and integration, PT PAL INDONESIA (PERSERO) has always been at the forefront in carrying out work supervision. It has become part of the commitment of PT PAL INDONESIA (PERSERO) to implement high work discipline and full responsibility for all its employees. Efforts to improve work quality and supervision have been proven by optimal cooperation between the Internal Supervisory Unit and the Audit Committee

Inspired by the passion to become a company that is respected by other nations, PT PAL INDONESIA (PERSERO) is determined to develop itself and deal with a competition to improve the company's management capabilities. Having triumphed in their own country, at the same time raising the Saka in various parts of the world began with building a company culture that felt local. PT PAL INDONESIA (PERSERO) summarizes the company's culture with five main pillars namely creativity, communication, discipline, strengthening the foundation of PT PAL INDONESIA (PERSERO), as well as faith and devotion to God Almighty.

To show sincerity in applying the principles of Corporate Governance, an assessment by BPKP has been carried out with good results and continues to be refined.

The Board of Commissioners and Directors of PT PAL Indonesia have been and continue to carry out various efforts to improve the company's internal from various perspectives, especially the Internal Business Process and Competitiveness in the context of achieving the RKAP target. In addition, increased synergy between the BOC and BOD in striving to achieve RKAP targets has also been carried out through the monthly BOD-BOC meeting mechanism, with reference to GCG principles and professionalism in accordance with statutory provisions.