The Audit, Risk and Compliance Committee assists the Board of Commissioners assesses quarterly and annual consolidated financial statements to assure the Board of Commissioners that they are properly prepared in accordance with Indonesian Statements of Financial Accounting Standards. This ensures complete and accurate content that enables identification and provision of solutions with the Board of Director before publication. The Audit, Risk and Corporate Governance Committee also assists the Board of Commissioners with the comprehensive review of the corporate governance policies set out by the Board of Directors and with the assessment of implementation consistency; especially in the case of the business ethics and Corporate Social Responsibility policies.
For Indika Energy, good corporate governance (GCG) is an important part of how we do business and critical to ensuring the continuity and sustainability of the Group. That means complying with the prevailing laws and regulations, mitigating against and managing current and potential risks, and strengthening engagement with stakeholders across the spectrum.
To implement a sustainable business, we have to be a good business. As a member of society, we recognize that we don’t operate in isolation and that it’s important to collaborate with other stakeholders to generate positive impacts on society.
Above all, implementing GCG means we operate transparently, accountably, responsibly, independently, and fairly at all times.
The Project and Investment Committee assists the Board of Commissioners with reviewing the risk management system established and implemented by the Board of Directors. This monitoring and review is imperative to ensure careful assessment of the Company’s risk tolerance and the appropriate initiation and timely implementation of corporate actions.
The Nomination and Remuneration Committee assists the Board of Commissioners with scrutinizing, reviewing and approving the ongoing upgrading and expansion of the Corporate Organization Structure in line with the growth of the Company, as well as overseeing employee remuneration and benefits and the implementation of employee training and professional development.
We regularly update information related to our GCG practices to ensure the stakeholders are kept up to date when changes occur.
In line with the GCG principle of transparency, we disclose our governance documents to provide necessary material and relevant information to the stakeholders.
As part of our Good Corporate Governance, Indika Energy implements whistleblowing system as a reporting mechanism to the management should anyone observe situations involving suspected fraud, misappropriation, cheating, conflict of interest, violation of the law or regulation or Indika Energy’s code of business conduct, or any forms of misconduct.Be a Whistleblower