Basic Principles of Corporate Governance
The basic principles of Corporate Governance that apply and are implemented by the Company include five things, i.e.: the principles of openness, accountability, responsibility, independence, and fairness. The implementation of the five principles will make a positive contribution in order to improve the Company’s Corporate Governance practices.
The implementation of Corporate Governance in the Company refers to several applicable provisions, i.e.:
- Law No. 40 of 2007 on Limited Liability Companies
- Government Regulation of the Republic of Indonesia No. 45 of 2001 concerning the amendment of Government Regulation No. 12 of 1998 concerning the Company (Persero)
- Financial Services Authority Regulation No.8/POJK.04/2015 regarding Website of Issuers or Public Companies
- Financial Services Authority Regulation No.31/POJK.04/2015 regarding Disclosure of information or Material Facts by Issuers or Public Companies
- Financial Services Authority Regulation No.21/POJK.04/2015 on the Implementation of Public Company Governance Guidelines
Committees
In order to comply with the Financial Services Authority Regulation No.55/POJK.04/2015 concerning the Establishment and Implementation Guidelines for the Audit Committee, the composition of the Audit Committee of PT Lupromax Pelumas Indonesia is as follows:
- Chairman: Iman Turmansyah
- Member: Dadang Sutra Mulyadi
- Member: Yuni Andriani
Document:
Audit Committee Charter PT Lupromax Pelumas Indonesia Tbk