Corporate Governance Policy

Corporate Governance Policy

The Company has adopted Good Corporate Governance (GCG) practices with consistent implementation. Since its establishment, the Company has upheld GCG as a standard guideline in business management, based on the principles of transparency, independence, accountability, responsibility, and fairness.

Corporate Governance Policy

The Company consistently applies GCG principles by referring to the following regulations:

  • Law No. 8 of 1995 on Capital Markets;

  • Law No. 40 of 2007 on Limited Liability Companies;

  • OJK Regulation (POJK) No. 21/POJK.04/2015 concerning the Implementation of Corporate Governance Guidelines for Public Companies;

  • OJK Circular Letter (SEOJK) No. 32/SEOJK.04/2015 on the Implementation of Corporate Governance Guidelines for Public Companies;

  • POJK No. 29/POJK.04/2016 on Annual Reports of Issuers or Public Companies; and

  • SEOJK No. 30/SEOJK.04/2016 on the Form and Content of Annual Reports of Issuers or Public Companies.

The implementation of GCG principles within the Company is detailed as follows:

GCG Principle Implementation Description
Transparency The principle of transparency is applied in decision-making and in the disclosure of relevant and material information about the Company in the interest of all stakeholders.
Independence AGI is managed professionally, free from influence by any party and/or conflicts of interest that are inconsistent with applicable rules and GCG principles.
Accountability The Company operates effectively due to the clarity of functions, roles, and responsibilities of its executives, based on the Company’s strategic goals and under effective supervision by the Board of Commissioners, while maintaining accountability to the Company and shareholders.
Responsibility In managing the Company, AGI’s management is fully responsible for all executive and managerial decisions and for ensuring compliance with regulations and sound operational principles.
Fairness The Company’s policies adhere to the principles of fairness and equality based on the rights of stakeholders as stipulated in agreements and prevailing laws and regulations. Furthermore, AGI has established a complete GCG infrastructure, including the Company’s Articles of Association, the Charter of the Board of Commissioners, the Charter of the Board of Directors, the Corporate Code of Ethics, and the Internal Audit Charter.

Corporate Governance Structure

In accordance with Law No. 40 of 2007 on Limited Liability Companies, the Company's governance structure consists of the General Meeting of Shareholders (GMS), the Board of Commissioners, and the Board of Directors. In carrying out its duties, the Board of Commissioners is supported by the Audit Committee, while the Board of Directors is supported by the Corporate Secretary and the Internal Audit Unit. In fulfilling their functions as stipulated by law, these governing bodies play a key role in ensuring the successful implementation of GCG principles.