Assesment on the Implementation of Corporate Governance
To learn the level of GCG implementation that has been implemented by the Company, assessment is held regularly 1 (one) by the Company it self. This is carried out to provide description and evaluation to all parties of the Company to continuously increase the performance to create GCG mechanisms that is able to internalize the existing GCG principles. The results of GCG Assessment are always disclosed to public and stakeholders, both via the Company's website and Annual Report. Upon the GCG assessment, the Company is committed to following-up the given improvement recommendation.
Procedures for GCG Assessment
Measurement on the effectiveness of GCG implementation is required by every company, including Waskita Beton Precast, therefore the credibility of the implementation of good corporate governance is maintained and can be improved. The Company regularly implements assessment that is carried out by independent consultant and/or work team from internal party of the Company (self-assessment) that has been appointed and has certain authorization, thus the assessment process runs independently. The implementation of assessment is conducted by using specific methods to identify and look for weaknesses that need attention from the Company to be followed-up. Juridical basis and procedures for GCG assessment refer to Regulation of the Ministry of SOEs No. SK-16/S.MBU/2012 on Indicator/ Parameter of Assessment and Evaluation on Implementation of Good Corporate Governance in State-owned Enterprises.
In 2016, the Company has not made its own GCG implementation assessment. However, it is still included in the parent company assessment. In 2017, self-assessment in the Company was carried out by internal party assisted by experts.
Results of GCG Assessment in 2017
Results of GCG assessment in 2017 are as follow:
Based on the result of assessment carried out by internal party assisted by experts, the score of implementation of GCG in the Company was 76.81 with "Good". This proves that the Company is consistent in implementing the GCG principles and always strives to conduct improvement in GCG.