GOOD CORPORATE GOVERNANCE

In implementing corporate governance, PT Sekar Laut Tbk has a clear foundation and legal basis, based on the following laws and guidelines:

  • Law No. 40/2007 on Limited Liability Companies (Law of the Company).
  • POJK No. 29/POJK.04/2016 regarding Annual Reports of Issuers or Public Companies to improve disclosure of governance through financial reports.
  • Recommended Guidelines for Public Company Governance issued by OJK in OJK Regulation No. 21/POJK.04/2015 and OJK Circular No. 32/SEOJK.04/2015.
  • OJK Regulation No. 33/POJK.04/2014 on the Board of Directors and Board of Commissioners of Issuers and Public Companies.
  • Corporate Governance Guidelines issued by the National Governance Policy Committee (GCG).
    RSEOJK/SEOJK.04/2020 concerning Forms and Annual Reports of Issuers or Public Companies.

PT Sekar Laut Tbk also applies GCG, which is guided by internal policies referring to:

  • Policy Guidance of PT Sekar Laut Tbk
  • Articles of Association

Corporate Governance Structure

Referring to Law Number 40/2007 concerning Limited Liability Companies and the Articles of Association of PT Sekar Laut Tbk, the highest corporate structure is the General Meeting of Shareholders (GMS). The Board of Commissioners and the Board of Directors are responsible for the GMS. These three entities operate independently to implement a sound corporate governance structure. In practice, they are assisted by the Corporate Secretary, the Audit Committee, and the Internal Audit Unit.

Assessment of the Implementation of Corporate Governance

The Company’s commitment to fostering Corporate Governance practices is demonstrated by ensuring that policies, decisions, and all company activities comply with applicable laws and regulations. The Company also ensures adherence to all agreements and commitments.

All activities carried out by the Company align with good corporate governance principles, including:

  • Transparency
  • Accountability
  • Responsibility
  • Independency
  • Fairness