The Guidelines for Good Corporate Governance (GCG) are implemented by PT PLN Indonesia Power through the adoption of the Good Corporate Governance Code, Code of Conduct, Board Manual, and other policies to support Corporate Governance Practices such as the Whistleblowing System Policy, Gratification Control Policy, Declaration of Wealth Policy for Company Officials, Conflict of Interest Policy, and Public Information Disclosure Policy.
1. Corporate Governance Policy (GCG Code)
The Corporate Governance (GCG) Code policy contains the Strategic Directions of the Board of Directors and Board of Commissioners in implementing GCG within the Company. It serves as the cornerstone policy for the entire Company's activities, encompassing the relationship between the Company and Shareholders, the functions and roles of the Board of Commissioners and Board of Directors, the Company's relationship with stakeholders, and principles regarding the Company's fundamental policies. The GCG Guidelines of PT Indonesia Power are regulated in the Joint Decision of the Board of Directors and the 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 (COC) serves as a reference for interactions among management, employees, and stakeholders in accordance with the company's values, culture, and principles of GCG. This COC guideline regulates what is appropriate and inappropriate, right and wrong, commendable and reprehensible, as well as what is respected and not respected in the actions of company employees in their relationships with all company stakeholders. The Code of
Conduct (download here) is a Joint Decision of the Board of Directors and the Board of Commissioners stated in SK No. 0179.K/DIR/2023 and No. 004.SK/DK-PLNIP/2023 dated June 27, 2023. (download here)
3. Board of Directors and Board of Commissioners' Manual
The Board Manual, or the Board of Directors and Board of Commissioners Working Guidelines, is a guideline that outlines the rights, duties, responsibilities, and limits of authority of the Board of Commissioners and the Board of Directors as the Company's main organs. It also outlines the relationship processes and functions between these two organs. The guidelines for the Board of Commissioners and the Board of Directors are regulated in a Joint Decision of the Board of Commissioners and the Board of Directors, SK No. 051.K/010/IP/2020 and SK No. 005.SK/DEKOM-IP/2020
(download here).
4. Gratification Control Policy
The Gratification Control Policy provides guidance for employees to understand the definition and concept of gratification, as well as to understand how to act when faced with instances of gratification practices. The Gratification Control Guidelines are outlined in Director's Decree Number 0089.P/DIR/2023 regarding the Gratification Control Guidelines of PT PLN Indonesia Power (download here).
5. Conflict of Interest Policy
The Conflict of Interest Policy provides guidance on how to identify, prevent, and manage conflicts of interest, as well as procedures for disclosing potential conflicts of interest to ensure good corporate governance. The Conflict of Interest Guidelines are regulated in SK No.018/K/010/IP/2020 (download here).
6. Whistle Blowing System Policy
The Whistleblowing System Policy serves as a guideline for implementation (download here) in handling complaints of violations from stakeholders to ensure the effective resolution of complaint grievances as an effort to disclose various violations within the Company that are not in line 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 Disclosure Policy
The Public Information Disclosure Policy of Indonesia Power is based on the Republic of Indonesia Law No. 14 of 2008 concerning Public Information Disclosure. The Public Information Disclosure Policy of PLN Indonesia Power sets forth the limits of Company Information allowed to be consumed by the public or materials excluded from all Information required to be disclosed to the public according to the aforementioned Law No. 14/2008. The Public Information Policy of Indonesia Power is regulated in Decree No. 246.K.010.IP.2017 concerning the Service, Disclosure, and Public Information Transparency in the Environment of PT Indonesia Power (download here).
8. Corporate Officials' Property Policy Report (LHKPP)
The State Official Wealth Report (LHKPN) Policy contains provisions requiring senior executive-level officials and above to report their wealth to the Corruption Eradication Commission (KPK) through the Company's Secretariat. This policy is in line with the State Official Wealth Report (LHKPN) Policy No. 112.K/010/IP/2021 (download here).