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    • ACGS (ASEAN Corporate Governance Scorecard)

    Home > Governing > ACGS (ASEAN Corporate Governance Scorecard)
    Part Items Practice Source Information
    A.1 Basic Shareholder Rights
      A.1.1 Does the company pay (interim and final/annual) dividends in an equitable and timely manner; that is, all shareholders are treated equally and paid within 30 days after being (i) declared for interim dividends and (ii) approved by shareholders at general meetings for final dividends? In case the company has offered Scrip dividend, did the company paid the dividend within 60 days. WSBP didn’t distribute Interim and Script dividen.

    Final dividen of WSBP
    Date to AGMS : April, 24th 2019
    Payment Date : May, 24th 2019

    Published in:
    WSBP 2019 AGMS Result    		 Website-WSBP 2019 AGMS Result
    A.2 Right to Participate in Decisions Concerning Fundamental Corporate Changes
      A.2.1 Amendments to the company`s constitution? Shareholders have the right to participate in the amendments  to the company`s constitution through GMS as stated in :
    Articles of Association of WSBP FY 2018, Article 11, section 3 (page 107)    		 Articles of Association of WSBP FY 2018, Article 11
      A.2.2 The authorisation of additional shares? Shareholders have the right to participate in the authorization of additional shares as stated in :
    Articles of Association of WSBP FY 2018, Article 4, section 5 (page 91)    		 Articles of Association of WSBP FY 2018, Article 4
      A.2.3 The transfer of all or substantially all assets, which in effect results in the sale of the company? Shareholders have the right to participate in the transfer of all or substantially assets, whic in effect results in the sale of company as stated in :
    Articles of Association of WSBP FY 2018, Article 16, section 10 (page 145)    		 Articles of Association of WSBP FY 2018, Article 16
    A.3 Right to Participate Effectively in and Vote in General Shareholder Meetings and Should be Informed of the Rules, including Voting Procedures, that Govern General Shareholder Meetings
      A.3.1 Do shareholders have the opportunity, evidenced by an agenda item, to approve remuneration (fees, allowances, benefit-in-kind and other emoluments) or any increases in remuneration for the non-executive directors/commissioners? GMS determines remuneration and honorarium for fiscal year 2019 and performance tantieme (bonus) for Fiscal Year ended on December 31st, 2018 for members of Board of Directors and Board of Commissioners of the Company.
    As mentioned under :

    1. WSBP 2019 AGMS Invitation, 4th Agenda.

    2. WSBP 2019 AGMS Result, 4th Agenda.    		 1. Website-WSBP 2019 AGMS Invitation


    2.     Website-WSBP 2019 AGMS Result
      A.3.2 Does the company provide non-controlling shareholders a right to nominate candidates for board of directors/commissioners? No it doesn`t -
      A.3.3 Does the company allow shareholders to elect directors/commissioners individually?

    Shareholders may elect individual Board of Directors / Board of Commissioners as mentioned on :

    1. Guidelines of GCG, Pages 29 No 3 (Membership and Composition)


    2. Quetions of the decisions of the Annual General Meeting of Shareholders No.47. Related to Directors are on pages 136, Article 15 section 11. Related to Commissioners are on pages 155, Article 16 section14. 

    1. Guidelines of GCG


    2.     Quetions of the decisions of the Annual General Meeting of Shareholders No.47
      A.3.4 Does the company disclose the voting procedures used before the start of meeting? WSBP has disclosed and described the voting procedures used before performance of GMS in:

    1. WSBP 2019 AGMS Result, Point E.

    2. WSBP 2019 2nd GMS Result, Point E.

    3. WSBP 2019 AGMS Code of Conduct, point 7-Voting Right

    4. WSBP 2019 2nd GMS Code of Conduct, point 6-Voting Right    		 1. Website-WSBP 2019 AGMS Result


    2.     Website-WSBP 2019 AGMS Code of Conduct


    3.     Code of Conduct of AGMS 2019

    4.     Code of Conduct 2nd of  GMS 2019 
      A.3.5 Do the minutes of the most recent AGM record that the shareholders were given the opportunity to ask questions and the questions raised by shareholders and answers given recorded? The questions raised by shareholders and answers given recorded on :

    Articles of Association No 46, April 2019. Result of AGMS for the year 2018    		 Articles of Association No 46, April 2019. Result of AGMS for the year 2018
      A.3.6 Does the company disclose the voting results including approving, dissenting, and abstaining votes for all resolutions/each agenda item for the most recent AGM? WSBP has disclosed the results of the voting including consent, dissenting opinion, and abstention on each agenda, in:
    WSBP 2019 AGMS Result (April, 24th 2019)    		 Website-WSBP 2019 AGMS Result
      A.3.7 Does the company disclose the list of board members who attended the most recent AGM? WSBP has disclosed the list of Board of Directors and The Board
    of Commisioners presented at the AGMS 2019, in :

    WSBP 2019 AGMS Result    		 Website-WSBP 2019 AGMS Result
      A.3.8 Does the company disclose that all board members and the CEO (if he is not a board member) attended the most recent AGM? The meeting was chaired by Mr. Fery Hendriyanto, as the Company’s President Commissioner appointed based on the decision of the Company’s Board of Commissioners Letter of appointment dated April 10th 2019 and Signed by all members of the Board of Commissioners (Letter of Appointment No.16/WBP/DK/2019)
    as metioned under:

    WSBP 2019 Deed of Company No.21, Page 10.

    Deed of Company No 21, Announcement GMS, page 10
      A.3.9 Does the company allow for voting in absentia?


    The shareholder either is personally or represented by virtue of a Letter of Proxy reserves the right to attend the GMS, under condition that during the voting, members of Board of Directors, members of Board of Commissioners and employees of the Company shall be prohibited to act as a proxy under GMS

    1. WSBP 2019 AGMS Invitation, Notes number 3.


    2. WSBP 2019 2nd GMS Invitation, Notes number 3.

    		 1. Website-WSBP 2019 AGMS Invitation


    2.     Website-WSBP 2019 2nd AGMS Invitation
      A.3.10 Did the company vote by poll (as opposed to by show of hands) for all resolutions at the most recent AGM? In the implementation of voting, each share provides the holder of it to cast 1 (one) vote, as mentioned under:

    WSBP 2019 AGMS Code of Conduct, No.7 Point b -Voting Right    		 Code of Conduct of AGMS 2019
      A.3.11 Does the company disclose that it has appointed an independent party (scrutineers/inspectors) to count and/or validate the votes at the AGM? Waskita Beton Precast has disclosed the appointment of the independent party namely the notary Fathia Helmi and PT Datindo Entrycomm for the purpose of vote counting :

    WSBP 2019 AGMS Result

    Website-News,Report & Presentation-Internal News-Summary of the Minutes of AGMS 
      A.3.12 Does the company make publicly available by the next working day the result of the votes taken during the most recent AGM for all resolutions? Waskita Beton Precast has published voting results under 2019 GMS within 2 (two) business day after performance to AGMS on the date of April 26th, 2019 :
    WSBP 2019 AGMS Result    		 Website-News,Report & Presentation-Internal News-Summary of the Minutes of AGMS 
      A.3.13 Do companies provide at least 21 days notice for all AGMs and EGMs? Announcement of 2019 AGMS : March 18th, 2019
    Summons for 2019 AGMS : April 2nd, 2019
    Performance of 2019 AGMS : April 24th, 2019
    Based on the aforementioned information, summons for AGMS made within 22 Calender days before performance of GMS :

    1. WSBP 2019 AGMS Announcement

    2. WSBP 2019 AGMS Invitation

    1. Website-News,Report & Presentation-Internal News-Announcement/Invitation AGM


    2.     AR-GCG Structure-Announcement/Invitation of AGMS 
      A.3.14 Does the company provide the rationale and explanation for each agenda item which require shareholders’ approval in the notice of AGM/circulars and/or the accompanying statement? Waskita Beton Precast has prepared explanation to each agenda requiring shareholders approval under :
    WSBP 2019 AGMS Invitation-Agenda    		 Website-News,Report & Presentation-Internal News-Invitation AGM
      A.3.15 Does the company give the opportunity for shareholder to place item/s on the agenda of AGM? In the agenda of the annual GMS, may be included a proposal proposed by the board of commissioners and/or a shareholder or more representing at least 1/20 of total shares issued by the company with the valid voting rights, provided that the relevant proposal shall be received by the board of directors no tlatter than 7 days prior to the notice of the annual GMS
    articles of association FY 2019, Deed of Company No. 47    		 Article of Association FY 2019 Article 12, section 8 number 1&2
    A.4 Markets for Corporate Control should be Allowed to Function in an Efficient and Transparent Manner
      A.4.1 In cases of mergers, acquisitions and/or takeovers requiring shareholders approval, does the board of directors/commissioners of the offeree company appoint an independent party to evaluate the fairness of the transaction price? Waskita Beton Precast has disclosed information related to investment,expansion,divestment,acquisition and/or restructuring of debt/capital in the annual report of waskita beton precast, started that the engagement of third party`s services to asses fairness of investment, acquisition, divestment and restructuring transaction made subject to the capital market applicable provisions.
    (AR WSBP page 224-225)    		 Annual Report FY 2018 
    A.5 The Exercise of Ownership Rights by All Shareholders, including Institutional Investors, should be Facilitated
      A.5.1 Does the company disclose its practices to encourage shareholders to engage with the company beyond AGM? Waskita Beton Precast disclosed practices to support shareholders to keep connecting with the company other than the GMS. Waskita beton precast consistently provided companys comprehensive, up to date as well as proper information to shareholders and stakeholders :
    1. Analyst meeting : Full year 2018 (56 times)
    2. Public expose : Full year 2018 (1 Times)
    3. Investor conference : Full Year 2018 (1 times)
    4. Non deal roadshow : Local and international Non deal Roadshow (2 times)
    the information is mentioned in :

    Corporate Secretary (Annual Report FY 2018, Page 496)    		 AR-Brief Report on Corporate Secretary
    Part Items Practice Source Information
    B.1 Shares and Voting Rights
      B.1.1 Do the company`s ordinary or common shares have one vote for one share? In the implementation of voting, each share provides the holder to cast 1 (one) vote, as mentioned in :

    1. Annual Report FY 2018, page 357

    2. Waskita Beton Precast AGMS Code of Conduct , point 7-Voting Procedure    		 1. Website-News,Report & Presentation-Internal News-Result AGM


    2.     Code of Conduct of AGMS 2019
      B.1.2 Where the company has more than one class of shares, does the company publicise the voting rights attached to each class of shares (e.g. through the company website / reports/ the stock exchange/ the regulator`s website)? Waskita Beton Precast shares are registered shares are issued on behalf of the owner as registered in the shareholders register consisting of Waskita Karya share that spesifically can only be owned by parent company and by public.
    The company only acknowledges one person (individual person or legal entity) as the holder of 1 (one) share or more.
    the information is mentioned in :

    Annual Report WSBP FY 2018     		 Website-AR WSBP FY 2018
    B.2 Notice of AGM
      B.2.1 Does each resolution in the most recent AGM deal with only one item, i.e., there is no bundling of several items into the same resolution? Each determination for agenda is not related to determination of other agendas:
    Waskita Beton Precast 2019 AGMS Result    		 Website-News,Report & Presentation-Internal news-Result AGM
      B.2.2 Are the company`s notice of the most recent AGM/circulars fully translated into English and published on the same date as the local-language version? Invitation for 2019 AGMS is published in indonesia and english lenguages on the same date (March 18th 2019), whereas the summons for 2019 AGMS is made in counterparts, in Indonesia and english language, as well as published on the same date (April 16th 2019):

    1. Waskita Beton Precast 2019 AGMS Invitation

    2. Waskita Beton Precast 2019 AGMS Announcement    		 1. Website-News,Report & Presentation-Internal News-Invitation AGM

    2.     Website-News,Report & Presentation-Internal News-Announcement AGM
      B.2.3 Are the profiles of directors/commissioners ( at least age, academic qualification, date of first appointment, experience, and directorships in other listed companies) in seeking election/re-election included? Profile of board commisionner in seeking election of 2019 AGMS is published in Waskita Beton Precast`s website.

    Waskita Beton Precast 2019 AGMS list of supporting material for agenda    		 Waskita Beton Precast 2019 AGMS List of Supporting Material for Agenda
      B.2.4 Are the auditors seeking appointment/re-appointment clearly identified? Waskita Beton Precast appointed public accounting firm Amir, Abadi, Jusuf (AAJ) to audit the consolidated financial statements of the company and annual patership and community Development Program Report for the Financial Year ended on December 31st 2019, as mentioned in :

    Waskita Beton Precast 2019 AGMS results for agenda No. 3    		 Website-News,Report & Presentation-Internal News-Result AGM
      B.2.5 Were the proxy documents made easily available? Document of power attorney from shareholders can be easily downloaded in Waskita Beton Precast website.

    1. Waskita Beton Precast 2019 Invitation of the AGMS

    2. Waskita Beton Precast 2019-Power of Attorney    		 1. Website-News,Report & Presentation-Internal News-Invitation AGM

    2.     Waskita Beton Precast 2019-Power of Attorney
    B.3 Insider Trading and Abusive Self-Dealing should be Prohibited
      B.3.1 Does the company have policies and/or rules prohibiting directors/commissioners and employees to benefit from knowledge which is not generally available to the market? Waskita Beton Precast officials possesing the confidential informatin information shall not missue such information for their personal, their families or other third parties advantages. As mentioned in:

    1. Managements of the BOC`s Conflict of Interest-Annual Report FY 2018 (page 555-556 and page 453-454)

    2. Preventien of Insider Trading-Annual report FY 2018 (Page 559)    		 1. Annual Report FY 2018-Independensi-Conflict of Interest

     2. Annual Report FY 2018-Insider Trading
      B.3.2 Are the directors / commissioners required to report their dealings in company shares within 3 business days? Member of Board of Commissioners and Board of Directors must submit to the Corporate Secretary related to the changes of their company’s share ownership on the transaction day or no later than 3 (three) days.

    (Waskita Precast Procedures-Information Disclosure Management Procedures, page 26)    		 Information Disclosure Management Procedures (PWP)
    B.4 Related Party Transactions by Directors and Key Executives
      B.4.1 Does the company have a policy requiring directors /commissioners to disclose their interest in transactions and any other conflicts of interest?

    1. GCG Charter, point. V-Conflict of Interest number V.2, page 49. Board Manual Charter, point. III-Conflict of Interest number III.7, page 31.

    2. WSBP has policy stipulating the disclosure by Board of Directors and Board of Commissioners regarding conflict of interest stated in GCG Charter.

    3. Annual Report of WSBP FY 2018, page 555-556

    		 1. GCG Charter  

    2.     Board Manual Charter  

    3.     AR-Conflict of interst 
      B.4.2 Does the company have a policy requiring a committee of independent directors/commissioners to review material/significant RPTs to determine whether they are in the best interests of the company and shareholders? Transaction Policies with the Related Parties of WSBP are as follows:

    1. The company carries out transactions with related parties pursuant to the statement of Financial Accounting Standards (SFAS) No.7 concering Related Party Disclosures page 225-226)

    2. Based on Annual Report 2018, WSBP has internal policies related to transactions that contain conflicts of interest and / or transactions with affiliated parties (Annual Report FY 2018, page 230)    		 1. AR Definition Related Parties 

    2.     AR Company Policy Regarding the Review Mechanism of Transactions 
      B.4.3 Does the company have a policy requiring board members (directors/commissioners) to abstain from participating in the board discussion on a particular agenda when they are conflicted?

    WSBP determines policies specifying:

    Each member of the Board of Directors who is personally in any way whatsoever, either directly or indirectly, has interest in a transaction, contract or a proposed contract in which matter the Company is a party, must declared in the Board of Directors Meeting and accordingly has no right to cast a vote concerning the matters in relation to the such transaction or contract.

    Each member of the Board of Commissioners who is personally in any way whatsoever, either directly or indirectly, has interest in a transaction, contract or a proposed contract in which matter the Company is a party must be declared in the Board of Commissioners Meeting and accordingly has no right to cast a vote concerning matters in relation to such transaction or contract. As mentioned in:

    1. Articles of Association of WSBP FY 2018, Article 16, section 15-16 (page 147)

    2. Articles of Association of WSBP FY 2018, Article 17, section 13b (page 150) 

    3. Articles of Association of WSBP FY 2018, Article 20, section 14b (page 163)

    		 1. Articles of Association of WSBP FY 2018

    2.     Articles of Association of WSBP FY 2018

    3.     Articles of Association of WSBP FY 2018
      B.4.4 Does the company have policies on loans to directors and commissioners either forbidding this practice or ensuring that they are being conducted at arm`s length basis and at market rates? The company does not have a loan policy to directors and commissioners  
    B.5 Protecting Minority Shareholders from Abusive Actions
      B.5.1 Does the company disclose that RPTs are conducted in such a way to ensure that they are fair and at arms` length? As transactions with third, the company`s and repated party transactions are conducted in line with the company`s operational and business development needs AR-Reason for Transaction 
      B.5.2 In case of related party transactions requiring shareholders approval, is the decision made by disinterested shareholders? The company has disclosed all the characterictics and transactions with related parties as part of the Important Accounting Policies related to Affiliate Relations (Related Parties), which can be seen in the Company`s 2018 Financial Statement Material Information Containing Conflicts of Interest and or Transaction with Related Parties 
    Part Items Practice Source Information
    C.1 The Rights of Stakeholders that are Established by Law or through Mutual Agreements are to be Respected (Does The Company Disclose a Policy and Practices that Address)
      C.1.1 The existence and scope of the company`s efforts to address customers` welfare?

    Policy and Implementation:

    1. Corporate Social Responsibilities to Product, Services, Consumer-Annual Report of WSBP FY 2018, page 600-605


    2. Involvement of Interest Groups-Sustainability Report of WSBP FY 2018, page 18-19

    		 1. AR-Corporate Social Responsibilities to Product, Services, Consumer

    2    . SR-Involvement of Interest Groups
      C.1.2 Supplier/contractor selection procedures? It`s in the Procurement Procedure Procurement Procedure
      C.1.3 The company`s efforts to ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development? Policy and Implementation :

    1. Corporate Social Responsibilities Related to the Environment (Annual Report of WSBP FY 2018, page 581-584)

    2. WSBP Sustainability Action Plan-Sustainability Report WSBP FY 2018, page 115    		 1. AR-Corporate Social Responsibilities Related to the Environment

    2.     SR-Realization Corporate Social Responsibilities Related to the Environment 
      C.1.4 The company`s efforts to interact with the communities in which they operate? Corporate Social Responsibilities to Social and Community Development-Annual Report of WSBP FY 2018, page 591-596 AR-Corporate Social Responsibilities to  Social and Community Development
      C.1.5 The company`s anti-corruption programmes and procedures? There are no programs yet, procedures and policies are in the Annual Report of WSBP FY 2018, page 556-557,560 1. AR-Gratification and Donation Policy and Anti Corruption Policy

    2.     Letter of CEO & Procedure Gratification
      C.1.6 How creditors` rights are safeguarded? It`s in a banking agreement. Example: compliance of a covenant in terms of maintaining the financial ratios set by the bank, compliance of covenants in the case of collecting administrative documents such as annual reports and quarterly given on time Secret document
      C.1.7 Does the company have a separate report/section that discusses its efforts on environment/economy and social issues? WSBP has made a separated report discussing contribution of WSBP in environmental/economic and social management, comprising Sustainability Report that may be downloaded from WSBP Website. Sustainability Report WSBP
    C.2 Where Stakeholder Interests are Protected by Law, Stakeholders should have The Opportunity to Obtain Effective Redress for Violation of Their Rights
      C.2.1 Does the company provide contact details via the company`s website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?

    WSBP provides contact details through WSBP`s website or Annual Report, where stakeholders may submit their criticisms and suggestions, as outlined in :

    1. Contact Us (WSBP Website)

    2. Customer Complaint Activity (Annual Report of WSBP FY 2018, page 602)

    		 1. Contact Us

    2.     AR-Consumer Activity
    C.3 Performance-Enhancing Mechanisms for Employee Participation should be Permitted to Develop
      C.3.1 Does the company explicitly disclose the policies and practices on health, safety and welfare for its employees? WSBP has disclosed policies and implementation on employees health, safety and welfare as mentioned at:
    1. Corporate Social Responsibility Related to Labor, Health, and Safety (Annual Report 2018 Pg. 585-590)

    2. Fulfillment of Employee Rights (Annual Report 2018 Pg. 587-588)

    3. Remuneration & Nomination (Sustainability Report 2018 Pg. 143)

    4. Employee Facilities & Welfare (Annual Report Pg. 245-246)

    1.  Corporate Social Responsibility Related to Labor, Health, and Safety 

    2.     Fulfillment of Employee Rights


    3.     Remuneration & Nomination

    4.     Employee Facilities & Welfare
      C.3.2 Does the company explicitly disclose the policies and practices on training and development programmes for its employees? WSBP has disclosed the policies and practices on training on development programs for employees as mentioned at:

    1. HC Training and Development (Annual Report 2018 Pg. 247-256)

    2. EHS Training and Certification (Sustainability Report 2018 Pg. 148)    		 1.HC Training and Development

    2.     EHS Training and Certification
      C.3.3 Does the company have a reward/compensation policy that accounts for the performance of the company beyond short-term financial measures? WSBP has a reward/compensation policy that accounts for the perfomance of employees as mentioned at:

    1. Remuneration & Nomination (Sustainability Report 2018 Pg. 143)

    2. Employee Facilities & Welfare (Annual Report Pg. 245-246)    		 1. Remuneration & Nomination

    2.     Employee Facilities & Welfare
    C.4 Stakeholders including Individual Employee and Their Representative Bodies, should be able to Freely Communicate Their Concerns about Illegal or Unethical Practices to the Board and Their Rights should not be Compromised for Doing This
      C.4.1 Does the company have a whistleblowing policy which include procedures for complaints by employees and other stakeholders concerning illegal and unethical behaviour and provide contact details via the company`s website or annual report?

    Waskita Beton Precast has provided reporting media for actions or indications of fraud and/or non fraud that can harm customers and Waskita Beton Precast as follows :

    Website http://web.waskitaprecast.co.id/page/whistleblowing
    Email wbp@waskitaprecast.co.id
    Letter PT Waskita Beton Precast Tbk Teraskita Building 3th floor JL MT Haryono Kav 10A, East Jakarta
    Telp 02122892999

    Waskita Beton Precast has owned and disclosed the policy regarding :

    1. Whistleblowing System (Waskita Beton Precast Website)


    2. Whistleblowing System (Annual Report of Waskita Beton Precast FY 2018, page 564-566)


    3. Letter to CEO (Website)


    4. Gratification and Donation Policy (Annual Report of Waskita Beton Precast FY 2018, page 556-557)

    1. Whistleblowing System 


    2.     Whistleblowing System 


    3.      Letter to CEO


    4.     Gratification and Donation Policy
      C.4.2 Does the company have a policy or procedures to protect an employee/person who reveals illegal/unethical behaviour from retaliation? WSBP has established procedures for protection of employees reporting activities that violate code of ethics as included in:

    1. Whistleblowing System (WSBP Website)

    2. Protection for Whistleblower-Annual Report of WSBP FY 2018, page 566    		 1. Whistleblowing System 

    2.     AR-Protection for Whistleblower
    Part Items Practice Source Information
    D.1 Transparent Ownership Structure
      D.1.1 Does the information on shareholdings reveal the identity of beneficial owners, holding 5% shareholding or more? The information regarding the shareholders holding 5% or more shares has been disclosed in the Annual Report of WSBP 2018, pages 147-154, regarding Shareholders Composition Shareholders Composition
      D.1.2 Does the company disclose the direct and indirect (deemed) shareholdings of major and/or substantial shareholders? The information regarding the direct and indirect shareholders has been disclosed in the Annual Report of WSBP 2018, pages 147-154, regarding Shareholders Composition Shareholders Composition
      D.1.3 Does the company disclose the direct and indirect (deemed) shareholdings of directors (commissioners)? The information regarding the shares ownership of Board of Directors and Board of Commissioners has been disclosed in the Annual Report of WSBP 2018, page 149 Shareholders Composition
      D.1.4 Does the company disclose the direct and indirect (deemed) shareholdings of senior management? WSBP did not disclosed the share ownership of senior management.  
      D.1.5 Does the company disclose details of the parent/holding company, subsidiaries, associates, joint ventures and special purpose enterprises/ vehicles (SPEs)/ (SPVs)? The information regarding the Waskita Beton Precast group structure has been disclosed in the Annual Report 2018, as mentioned below:

    1. WSBP does not has any subsidiary or asssociate-Annual Report 2018, page 158.

    2. Waskita Beton Precast group structure-Annual Report 2018 page 159.

    1. Subsidiary or Associate

    2. WSBP Group Structure
    D.2 Quality of Annual Report
      Does the Company`s Annual Report Disclose the Following Item :
      D.2.1 Corporate objectives Vision, Mission and Corporate Culture-Annual Report FY 2018, page 108-111

    Vission, Mission, Culture
      D.2.2 Financial performance indicators Financial Highlights-Annual Report FY 2018, pages 22-29 Financial Highlight
      D.2.3 Non-financial performance indicators Operational Highlights-Annual Report FY 2018, pages 30-33 Operational Highlight
      D.2.4 Dividend policy Dividend Highlight-Annual Report FY 2018, page 38 Dividend Highlight
      D.2.5 Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners 1. BOC biography-Annual Report FY 2018, pages 113-117

    2. BOD biography-Annual Report FY 2018, pages 118-123    		 1. BOC Biography

    2. BOD Biography
      D.2.6 Attendance details of each director/commissioner in all directors/commissoners meetings held during the year 1. BOC meeting, annual report FY 2018 page 442

    2. BOC and BOD joint meeting, annual report FY 2018 page 446

    3. BOD meeting, annual report FY 2018 page 449    		 1. BOC Meeting Presence

    2. BOC & BOD Joint Meeting Presence

    3. BOD Meeting Presence
      D.2.7 Total remuneration of each member of the board of directors/commissioners 1. BOC remuneration, annual report FY 2018 pages 434-435

    2. BOD remuneration, annual report FY 2018 pages 436-437    		 1. BOC Remuneration

    2. BOD Remuneration
      Corporate Governance Confirmation Statement
      D.2.8 Does the Annual Report contain a statement confirming the company`s full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue? WSBP shows full compliance with the code of corporate governance in Annual Report 2018. As mentioned in:

    1. Compliance to GCG Principles by Corporate Governance Procedures of WSBP practice (Annual Report Pg. 296)

    2. Soft-structure of GCG WSBP (Annual Report Pg. 297-301)

    3. Assesment: Evaluation, Monitoring, and Increasing The Implementation of Good Corporate Governance (Annual Report Pg. 306-320)

    4. Conformity of the Development of GCG Implementation in the WSBP Scope with OJK Circular Letter No. 32/SEOJK/04/2015 concerning the Guidelines of Corporate Governance of the Public Company (Annual Report 321-349)    		 1. Annual Report Pg. 296

    2. Annual Report Pg. 297-301

    3. Annual Report Pg. 306-320

    4. Annual Report Pg. 321-349
    D.3 Disclosure of Related Party Transactions (RPT )
      D.3.1 Does the company disclose its policy covering the review and approval of material/significant RPTs? Transaction Policies with the Related Parties of WSBP are as follows:

    Material Information Containing Conflicts of interest and/or transactions with related parties:

    1. (Annual Report of WSBP FY 2018, page 225-226) Note of Annual Report WSBP Page 13-15 (Note 37)

    2. (Annual Report of WSBP FY 2018, page 625-627)    		 1. AR-Definition of related parties

    2. AR-Note of Annual Report
      D.3.2 Does the company disclose the name, relationship, nature and value for each significant/material RPTs? WSBP has been disclosed the name of Related Parties and nature of relationships as mention in: 1. Annual Report WSBP pages 226-228, Note of Annual Report WSBP Page 79-81 (Nature of relationships and transactions with related Parties)
    2. Annual Report of WSBP FY 2018, page 690-693

    1. AR-Name of Related Parties and Nature of relationships 226-228


    2. Note AR Nature of relatinships and transactions with related parties 691-693
    D.4 Does the company disclose trading in the company`s shares by insiders?
      D.4.1 Does the company disclose trading in the company`s shares by insiders ? WSBP has disclosed information as referred to in the Annual Report of WSBP FY 2018, as mentioned in :
    Share ownership of board of commissioners and board of directors    		 AR-Disclosure of share ownership of board of commissioners and board of directors 455-456
    D.5 External auditor and Auditor Report
      Where the same audit firm is engaged for both audit and non-audit services    
      D.5.1 Are the audit and non-audit fees disclosed ?    
      D.5.2 Does the non-audit fee exceed the audit fees ?    
    D.6 Medium of Communications
      D.6.1 Quarterly reporting WSBP uses Quarterly Financial Report as medium of communication to public, especially to shareholders and stakeholders. All of Quarterly Financial Report can be downloaded on WSBP`s website
    (WSBP Website)    		 Website-Quarterly Reporting
      D.6.2 Company website WSBP uses Company Website as medium of communication and updated regularly, which can be accessed through http://web.waskitaprecast.co.id/
    (WSBP Website)    		 Company Website
      D.6.3 Analyst`s briefing WSBP uses Company Update contained in Investor Presentation as a medium to communicating with public throughout WSBP`s update. Such information can be accessed through http://web.waskitaprecast.co.id/investor_presentation/eng (WSBP Website) Company Website
      D.6.4 Media briefings /press conferences During 2018, WSBP has conducted Public Expose and Investor Gathering. Furthermore, WSBP uses press release as a media communication to public and updated regularly.

    1. Public Expose and Investor Gathering in Bali, 2018 (Annual Report Pg. 52)
    2. Annual Report Pg. 544-549 3. Press Release (WSBP`s Website)

    1. Annual Report Pg. 52


    2. Annual Report Pg. 544-549


    3.     Website-Press Release
     
    D.7 Timely filing/release of annual/financial reports
      D.7.1 Are the audited annual financial report / statement released within 120 days from the financial year end? WSBP has published the Financial Statement Year 2018 on February 27th, 2019 (within 120 days) through the Bisnis Indonesia newspaper. Bisnis Indonesia-FS Audited 2018
      D.7.2 Is the annual report released within 120 days from the financial year end? WSBP has published the Annual Report Year 2018 through the WSBP`s Website and IDX Website on April 2nd, 2019 (within 120 days).

    1. Annual Report (WSBP Website).
    2. WSBP letter to OJK No. 37/WBP/SP/2019 concerning the submission of WSBP Annual Report 2018.    		 1. Annual Report

    2. Submission of AR 2018 (OJK)
      D.7.3 Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company? 1. The responsibility statement of the Board of Commissioners and Directors of the Annual Reports for 2018 is in the Annual Report 2018 page 82.

    2. The Board of Director`s statement letter relating to the responsibility on the financial statements for the years ended December 31, 2018 and 2017 is in the Annual Report 2018 page 610.    		 1. Statement of the Board of Directors & Commissioners Annual Report 2018

    2. Statement of the Board of Directors Financial Statement 2018
    D.8 Company website
      Does the company have a website disclosing up-to-date information on the following:
      D.8.1 Financial statements/reports (latest quarterly) WSBP has disclosed latest quarterly Financial Statements/Reports in Website Website-Quarterly Report
      D.8.2 Materials provided in briefings to analysts and media WSBP has disclosed Company Update per Quarter in Website Website-Investor Presentation
      D.8.3 Downloadable annual report WSBP has disclosed downloadable Annual Report in Website Website-Annual Report
      D.8.4 Notice of AGM and/or EGM WSBP has disclosed Notice of AGM and/or EGM Website-Press Release
      D.8.5 Minutes of AGM and/or EGM WSBP has disclosed Minutes of AGM and/or EGM  Website-Press Release
      D.8.6 Company`s constitution (company`s by-laws, memorandum and articles of association) WSBP has Amendment to Articles of Association No 47 April 2019 Website-Brief History of PT Waskita Beton Precast Tbk
    D.9 Investor relations
      D.9.1 Does the company disclose the contact details (e.g. telephone, fax, and email) of the officer / office responsible for investor relations? Yes, WSBP has disclosed detail of contact of the officer for Investor Relation, as available at:
    1. Contact Us (Website)
    2. Contact-Annual Report FY 2018 page 740
    3. General Information and Corporate Identity-Annual Report FY 2018 page 87

    1. Contact Us (Website)


    2. AR-Contact


    3. AR-General Information and Corporate Identity
    Part Items Practice Source Information
    E.1 Board Duties and Responsibilities
      Clearly defined board responsibilities and corporate governance policy
      E.1.1 Does the company disclose its corporate governance policy / board charter? WSBP has disclosed:
    1. GCG code in website (Governing-GCG Practices)
    2. Manual of Board of Commissioner and Director(website-Governing-GCG Practices)
    3. GCG Infrastructure (Annual Report Waskita Precast, pages 294-295)

    1. Website-GCG Code


    2.     Website-Board Manual


    3. AR-GCG Infrastructure
      E.1.2 Are the types of decisions requiring board of directors/commissioners` approval disclosed ? Actions taken by Board of directors subject to written approval from Board of Commissioners as included in Articles of Association article 16 section 10 pages 144-145 Article of Association-decision approval
      E.1.3 Are the roles and responsibilities of the board of directors/commissioners clearly stated ? The roles and responsibilities of the Board of Directors and Board of Commissioners are clearly stated and included in:
    1. Duties and responsibilities of Board of Directors (Annual Report FY 2018, page 402-414)
    2. Duties and responsibilities of Board of Commissioners (Annual Report FY 2018, pages 388-393)

    1. AR-Duties & Responsibilities BOD


    2. AR-Duties & Responsibilities BOC
      Corporate Vision/Mission
      E.1.4 Does the company have an updated vision and mission statement?

    Available at:
    1. Website (At a glance-vision & mission)


    2. Annual Report FY 2018, pages 108-109

    1. Website-Vision & Mission


    2. AR-Vision & Mission
      E.1.5 Does the board directors play a leading role in the process of developing and reviewing the company’s strategy at least annually?

    WSBP has disclosed its process of reviewing the company strategy at:
    1. Annual Report FY 2018, pages 65-66 regarding BOC supervisory function on corporate strategy implementation


    2. Annual Report FY 2018, pages 73-75 regarding strategic policy in 2018


    3. Article of association section 21 article 1 page 165

    1. AR-BOC supervisory on strategy


    2. AR-Strategic policy


    3. Article of Association-strategy review
      E.1.6 Does the board of directors have a process to review, monitor and oversee the implementation of the corporate strategy?

    Board of Directors has significant role in company strategic review process within at least annually.
    Board of Commissioner also has important role in company strategic review process
    1. Annual Report FY 2018, pages 65-66 regarding BOC supervisory function on corporate strategy implementation


    2. Annual Report FY 2018, pages 388-389: duties and responsibilities of BOC related to strategy


    3. Annual Report FY 2018, pages 405: duties and responsibilities of BOD related to strategy


    4. Article of association section 17 pages 148-152

    1. AR-BOC supervisory on strategy


    2. AR-Duty & responsibility BOC to strategy


    3. AR-BOD responsibility on strategy


    4. Article of Association-strategy monitoring
    E.2 Board Structure Code of Ethics or Conduct
      E.2.1 Are the details of the code of ethics or conduct disclosed?

    Details of code of conduct are disclosed in:
    1. Code of Conduct (Annual Report FY 2018, pages 550-552)


    2. Website (Governing-GCG Practices, and Governing-Code of Conduct)

    1. AR-Code of Conduct


    2.     Website-Code of Conduct
      E.2.2 Are all the directors/commissioners, senior management and employees required to comply with the code/s?

    All Board of Commissioners, Board of Directors and employees must comply with the code of conduct, as disclosed in:
    1. Annual Report FY 2018, page 550-551


    2. Code of Conduct in Website (Governing-GCG Practices)

    1. AR-COC Compliance


    2.     Website-COC Compliance
      E.2.3  

    WSBP has implementation and monitoring procedures for code of conduct compliance to through disclosure and socialization of code of conduct and corporate culture.
    Efforts to implement and enforce code of conduct are carried out with full awareness in the form of commitments, attitudes and actions, which include:
    1. Statement of Compliance
    2. Commitment of Management and Entire WSBP Employees
    3. Integrity Pact

    As stated in:
    1. Annual Report FY 2018, pages 552-553


    2. Website (Governing-GCG Practices)

    1. AR-COC Implementation


    2.     Website-COC
      Board Structure & Composition
      E.2.4 Do Independent directors/ commissioners make up at least 50% of the board of directors/commissioners? In the case of Board of Commissioners consting of 2 (two) members of the Boar of Commissioners, 1(one) is an Independent Commissioner. Inthe event that the Boar of Commissioners consists of more than 2(two) members of the Boar of Commissioners, the number of Independent Commissioners must be at least 30% (thirty percent) of the total members of the Board of Commissioners. AR page 386
      E.2.5 Does the company have a term limit of nine years or less or 2 terms of five years1 each for its independent directors/commissioners?

    1. Provisions of term of office of a member ofthe Board of Directors are appointes of the period from the date determined by the GMS that appoints them and ends at the closing of the 5th (fifth) annual GMS after the date of appointment, but by not reducting tge right of teh GMS to at any time dismiss the directors before his term of office ends by stating the reason After the term of office ends, the Directors can be reappointed in accordance with the GMS decision.

    2. Explanation about Requrement and Membership For Directors.

    3. Explanation about Term of Office and composition of BOC.

    4. Explanation about Board of CommissionerRequirment.

    5. Explanation about Term of Office Of BOC

    1. AR Page 401

    2. AR Page 474-475

    3. AR Page 385

    4. AR Page 384-385

    5. AR Page 385
      E.2.6 Has the company set a limit of five board seats that an individual independent/ non-executive director/commissioner may hold simultaneously Information related to double position of Board of Commissioners/ Independent Commissioners presented at table of Disclosure of Affiliate Relation Between the Directors, Board of Commissioners, and Major/Controlling Shareholders AR Page 452
      E.2.7 Does the company have the executive directors who serve more than two boards of listed companies outside of the group? Default by Regulation
    None of Board of Directors of WSBP having double positions at the other Public Companies.    		 AR Page 452
      E.2.8 Does the company have a Nominating Committee (NC)? WSBP does not have a Nomination Committee (NC) AR Page 473
      E.2.9 Is the Nominating Committee comprised of a majority of Independent directors/commissioners? WSBP does not have a Nomination Committee (NC) AR Page 473
      E.2.10 Is the chairman of the Nominating Committee an independent director/commissioner ? WSBP does not have a Nomination Committee (NC) AR Page 473
      E.2.11 Does the company disclose the terms of reference/governance structure/charter of the Nominating Committee? WSBP does not have a Nomination Committee (NC) AR Page 473
      E.2.12 Is in the meeting attendance of the Nominating Committee disclosed and if so, did the Nominating Committee meet at least twice during the year? WSBP does not have a Nomination Committee (NC) AR Page 473
      E.2.13 Does the company have a Remuneration Committee? WSBP does not have a Nomination Committee (NC) AR Page 473
      E.2.14 Is the Remuneration Committee comprised of a majority of Independent Directors/ Commissioners? WSBP does not have a Nomination Committee (NC) AR Page 473
      E.2.15 Is the chairman of the Remuneration Committee an independent director/commissioner? WSBP does not have a Nomination Committee (NC) AR Page 473
      E.2.16 Does the company disclose the terms of reference/governance structure/charter of the Remunerations Committee? WSBP does not have a Nomination Committee (NC) AR Page 473
      E.2.17 In the meeting attendance of the Remuneration Committee disclosed and if so, did the Remuneration Committee meet at least twice during the year? WSBP does not have a Nomination Committee (NC) AR Page 473
      Audit Committee
      E.2.18 Does the company have an Audit Committee?

    Yes, WSBP has audit committee as available at:
    1. Website (Governing-Audit Committee)


    2. Annual Report FY 2018 pages 459-462

    1. Website-Audit Committee

    2. AR-Audit Committee
      E.2.19 Is the Audit Committee comprised entirely of non-executive directors/ commissioners with majority of independent directors/commissioners?

    Yes, audit committee composition is 1 independent commissioner and 2 independent parties, available at:
    1. Website (Governing-Audit Committee)


    2. Annual Report FY 2018 pages 462

    1. Website-Audit Committee

    2. AR-Audit Committee
      E.2.20 Is the chairman of the Audit Committee an Independent Director/ Commissioner?

    Yes, the chairman is an independent commissioner, as available at:
    1. Website (Governing-Audit Committee)


    2. Annual Report FY 2018 page 462


    3. Annual Report FY 2018 page 117

    1. Website-Audit Committee

    2. AR-Audit Committee Composition


    3. AR-Audit Committee Profile
      E.2.21 Does the company disclose the terms of reference/ governance structure/charter of the Audit Committee? WSBP doesn`t disclosed Charter of the Audit Committee   -
      E.2.22 Does at least one of the independent directors/ commissioners of the committee have accounting expertise (accounting qualification or experience)?

    WSBP has an independent commissioners of the Audit Committee that has expertise in accounting. They are:
    1. Anis Baridwan. He already got his Bachelor of Economics majoring in Accounting from Gadjah Mada University (It has disclosed through Annual Report FY 2018, page 117)


    2. Sri Yanto. He already got his Bachelor of Diploma III and Diploma IV from Sekolah Tinggi Akuntansi Negara (It has disclosed through Annual Report FY 2018, page 463)


    3. Inggir Elerida. She already got her Bachelor of Economics majoring in Accounting from University of North Sumatera
    (It has disclosed through Annual Report FY 2018, page 464)

    1. AR-Commissioner Profile


    2. AR-Audit Committee Profile


    3. AR-Audit Committee Profile
      E.2.23 Is the meeting attendance of the Audit Committee disclosed and, if so, did the Audit Committee meet at least four during the year

     1. During 2018, the Audit Committee has met for 24 times. Furthermore, there is a policy in the annual report that states about the Audit Committee meeting.


    2. Annual Report FY 2018-Page 471

    		 AR-Audit Committee Attendance Recapitulation at the Meeting
      E.2.24 Does the Audit Committee have primary responsibility for recommendation on the appointment, and removal of the external auditor?

     1. The GMS asked the Board of Commissioners through the Audit Committee to appoint the Public Accountant to audit the Company’s Financial Statements and Annual Report


    2. Annual Report FY 2018, page 514

    		 AR-Public Accountant Appointment Mechanism
    E.3 Board Processes
      Board meetings and attendance
      E.3.1 Are the board of directors meeting scheduled before the start of financial year? Yes. BOD meeting schedule is set on Q4 each year Meeting schedule BOD
      E.3.2 Does the board of directors/commissioners meet at least six times during the year?

    1. BOC has 10 recorded internal meetings during the year, as shown on annual report FY 2018 pages 439-442


    2. BOD has 14 recorded internal meetings during the year, as shown on annual report FY 2018 pages 447-449

    1. AR-BOC meeting


    2. AR-BOD meeting
      E.3.3 Has each of the directors/commissioners attended at least 75% of all the board meetings held during the year?

    1. Due to BOC composition change, many BOC does not attend 75% of BOC meeting, as shown on annual report FY 2018 page 442


    2. Most of BOC and BOD attend 75% of BOC and BOD joint meeting, as shown on annual report FY 2018 page 446


    3. Due to BOD composition change, a few BOD does not attend 75% of BOD meeting, as shown on annual report FY 2018 page 449

    1. AR-BOC meeting presence


    2. AR-BOC & BOD joint meeting presence


    3. AR-BOD meeting presence
      E.3.4 Does the company require a minimum quorum of at least 2/3 for board decisions? No.The company only require a minimum quorum of at least more than 1/2, as shown on Board Manual page 15 section II.10 number 2, point b and c 1. Board Manual-quorum
      E.3.5 Did the non-executive directors/commissioners of the company meet separately at least once during the year without any Executives present?

    1. BOC has 10 recorded internal meetings during the year, as shown on annual report FY 2018 pages 439-442


    2. BOD has 14 recorded internal meetings during the year, as shown on annual report FY 2018 pages 447-449

    1. AR-BOC meeting presence


    2. AR-BOD meeting presence
      Access to information
      E.3.6 Are board papers for board of directors/commissioners meetings provided to the board at least five business days in advance of the board meeting?

    1. Material for BOC has to be provided at least 5 business days in advance, as shown on Board Manual page 14 section II.10 number 1, point j


    2. Material for BOD has to be provided at least 5 business days in advance, as shown on Board Manual page 33 section III.10 number 2, point e

    1. Board Manual-Material for BOC


    2. Board Manual-Material for BOD
      E.3.7 Does the company secretary play a significant role in supporting the board in discharging its responsibilities? Corporate Secretary holds significant role to support the management in carrying out its responsibilities.
    as shown on Annual Report FY 2018 pages 488-495    		 AR-Corsec
      E.3.8 Is the company secretary trained in legal, accountancy or company secretarial practices and has kept abreast on relevant developments? FY 2018, Corporate Secretary had been attending various programs of competence development such as trainings, workshops, conferences or seminars. As shown on Annual Report FY 2018 page 173 AR-Corsec training
      Board Appointments and Re-Election
      E.3.9 Does the company disclose the criteria used in selecting new directors/commissioners?

    Yes, for BOC available at Annual Report FY 2018 pages 384-385.


    For BOD available at Annual Report FY 2018 page 400.

    1. AR-BOC criteria


    2. AR-BOD criteria
      E.3.10 Did the company describe the process followed in appointing new directors/commissioners? No. WSBP has not yet disclosed it in FY 2018 -
      E.3.11 Are all the directors/commissioners subject to re-election every 3 years; or 5 years for listed companies in countries whose legislation prescribes a term of 5 years2 each?

    1. Yes, for BOC available at Annual Report FY 2018 page 385

    2. Board Manual page 11 article II.7 point 1.

    3. For BOD available at Annual Report FY 2018 page 401

    4. Board Manual page 28 article III.6 point 1.

    1. AR-BOC term


    2.     Board Manual-BOC term


    3. AR-BOD term


    4.     Board Manual-BOD term
      Remuneration Matters
      E.3.12 Does the company disclose its remuneration (fees, allowances, benefit-in-kind and other emoluments) policy/practices (i.e. the use of short term and long term incentives and performance measures) for its executive directors and CEO? Yes. Available on Annual Report FY 2018 pages 430-432 AR-remuneration practice and structure
      E.3.13 Is there disclosure of the fee structure for non- executive directors/commissioners? Yes. Available on Annual Report FY 2018 pages 431-432 AR-remuneration structure
      E.3.14 Do the shareholders or the Board of Directors approve the remuneration of the executive directors and/or the senior executives? Yes. As seen on WSBP AGMS 2019-agenda 4 Website-Minutes of Meeting AGMS 2019
      E.3.15 Does the company have measurable standards to align performance-based remuneration of the executive directors and senior executived with long-term interests of the company, such as claw back provision and deferred bonuses? No. WSBP has not yet disclose its measurable standards in FY 2018 -
      Internal Audit
      E.3.16 Does the company have a separate internal audit function? Yes, WSBP has separate internal audit function namely Internal Audit/Intern Supervision Unit as mentioned at Annual Report 2018 Pg. 496-511 Annual Report 2018 Pg. 496-511
      E.3.17 Is the head of internal audit identified or, if outsourced, is the name of the external firm disclosed? Head of Internal Audit of WSBP is Mr. Slamet as seen at Annual Report 2018 Pg. 497 Annual Report 2018 Pg. 497
      E.3.18 Does the appointment and removal of the internal auditor require the approval of the Audit Committee? Head of Internal Audit of WSBP is appointed and dismissed by the President Director after obtaining approval from Board of Commissioners of WSBP as we can see at Annual Report 2018 Pg. 498 Annual Report 2018 Pg. 498
      E.3.19 Does the company establish a sound internal control procedures/risk management framework and periodically review the effectiveness of that framework?

    1. WSBP has Risk Management Framework periodically reviewed in Annual Report FY 2018, pages 522-523


    2. WSBP has Internal Control System periodically reviewed in Annual Report FY 2018, page 535

    1. AR-Risk Management


    2. AR-Internal Control System
      E.3.20 Does the Annual Report disclose that the board of directors/commissioners has conducted a review of the company`s material controls (including operational, financial and compliance controls) and risk management systems?

    WSBP has Risk Management Framework and Internal Control System periodically reviewed:
    1. The Evaluation of Risk Management Systems-Annual Report FY 2018, page 522


    2. The Evaluation of Internal Monitoring System Implementation-Annual Report FY 2018, page 535

    1. AR-The Evaluation of Risk Management Systems


    2. AR-The Evaluation of Internal Monitoring System
      E.3.21 Does the company disclose the key risks to which the company is materially exposed to (i.e. financial, operational including IT, environmental, social, economic)? WSBP has disclosed Company`s key risks in the Annual Report FY 2018 pages 523-530 AR-Risk Management 
      E.3.22 Does the Annual Report contain a statement from the board of directors/commissioners or Audit Committee commenting on the adequacy of the company`s internal controls/risk management systems? No. Annual Report doesn’t contained a statement from the board of directors/commissioners or Audit Committee commenting on the adequacy of the company`s internal controls/risk management systems -
    E.4 People on the Board
      Board Chairman
      E.4.1 Do different persons assume the roles of chairman and CEO?

    The roles of Chairman and CEO of WSBP are held by different persons. President Director is held by Mr. Jarot Subana, while President Commissioner is held by Fery Hendriyanto.

    1. President Commissioner Profile-Annual Report 2018 Page 113


    2. President Director Profile-Annual Report 2018 Page 118

    1. President Commissioner Profile


    2. President Director Profile
      E.4.2 Is the chairman an independent director/commissioner? The President Commissioner of WSBP is not an Independent Commissioner. (Annual Report 2018 page 113) President Commissioner Profile
      E.4.3 Is any of the directors a former CEO of the company in the past 2 years? None of the Directors is a former CEO of the company in the past 2 years. (Annual Report 2018 pages 119-123) Board of Directors Profile
      E.4.4 Are the role and responsibilities of the chairman disclosed? The duties and responsibilities of the Board of Commissioners has been disclosed as mentioned in:

    Annual Report 2018 pages 388-391    		 Duties and Responsibilities of Board of Commissioners
      Lead Independent Director
      E.4.5 If the Chairman is not independent, has the Board appointed a Lead/Senior independent Director and has his/her role been defined? The requirements and basis appointment of the Board of Commissioners has been mentioned in the Annual Report WSBP 2018 page 384-387. Requirements and Basis Appointment of the Board of Commissioners
      Skills and Competencies
      E.4.6 Does at least one non-executive director/commissioner have prior working experience in the major sector that the company is operating in? The Board of Commissioners and Directors have prior working experience in the major sector, as mentioned in:

    Annual Report 2018 pages 113-123    		 Skills and Experiences Board of Commissioners and Directors
    E.5 Board Performance
      Directors Development
      E.5.1 Does the company have orientation programmes for new directors/commissioners? WSBP uses Company Update contained in Investor Presentation 

    1. Orientation Program for the new Board of Directors


    2. Orientation Program for the new Board of Commissioners
      E.5.2 Does the company disclose the process on how the board of directors/commissioners plans for the succession of the CEO/Managing Director/President and key management ? Table of Competence Development for the Board of Commissioners an Directors-Annual Report of Waskita Beton Precast FY 2018, pages 172 AR-Table of Competence Development for the Board of Commissioners an Directors
      CEO/Executive Management Appointments and Performance
      E.5.3 Does the company disclose the process on how the board of directors/commissioners plans for the succession of the CEO/Managing Director/President and key management? 1. Succession policy of Board of Directors in Annual Report FY 2018, page 474-475.

    2. The implementation of the Nomination and Remuneration Function by the Board of Commissioners is as follows: (The information is mentioned in Annual Report FY 2018, pages 473-474)

    1. AR-Succession policy of Board of Directors


    2. AR-Nomination And Remuneration Functions
      E.5.4 Does the board of directors/commissioners conduct an annual performance assessment of the CEO/Managing Director/President? Yes. Board of Commissioners conducted an annual performance assessment of the President Director  Key Performance Indicator 
      Board Appraisal
      E.5.5 Did the company conduct an annual performance assessment of the board of directors/commissioners and disclose the criteria and process followed for the assessment?

    WSBP has conducted performance assessment of the Board of Directors and Board of Commissioners
    1. Performance Assessment of The Board of Commissioners-Annual Report FY 2018, page 427


    2.  Performance Assessment of The Board of Directors-Annual Report FY 2018, pages 428-429

    1. AR-Performance Assessment of The Board of Commissioners


    2. AR-Performance Assessment of The Board of Directors
      Director Appraisal
      E.5.6 Did the company conduct an annual performance assessment of the individual directors/commissioners and disclose the criteria and process followed for the assessment? WSBP has conducted an annual performance assessment of Directors in Annual Report FY 2018,pages 428-429 AR-Directors Performance Assessment
      Committee Appraisal
      E.5.7 Did the company conduct an annual performance assessment of the board committees and disclose the criteria and process followed for the assessment?

    The Board of Commissioners periodically (annually) evaluate the effectiveness of the performance of the committees below Board of Commissioners
    1. Risk & Insurance Committee Performance Assessment by the Board of Commissioners in Annual Report FY 2018, page 488
    2. Audit Committee

    Performance Assessment by the Board of Commissioners in Annual Report FY 2018, page 473

    1. AR-Risk & Insurance Committee Performance Assessment by the Board of Commissioners


    2. AR-Audit Committee Performance Assessment by the Board of Commissioners 
    Part Items Practice Source Information
    (B)A Right of Shareholder
    (B)A.1 Right to Participate Effectively in and Vote in General Shareholder Meetings and Should be Informed of the Rules, including Voting Procedures, that Govern General Shareholder Meetings
      (B)A.1.1 Does the company practice secure electronic voting in absentia at the general meetings of shareholders? Yes it does. The Company surely does secured electronic absentia provided by 3rd Party namely PT Datindo Entrycom, Securities Administration Bureau of the Company  WSBP 2019 AGMS Result
    (B)B Equitable Treatment of Shareholders
    (B)B.1 Notice of AGM
      (B)B.1.1 Does the company release its notice of AGM (with detailed agendas and explanatory circulars), as announced to the Exchange, at least 28 days before the date of the meeting? Yes it does as mentioned at Company`s Website listed in Invitation For The Annual General Meeting of Shareholders PT Waskita Beton Precast Tbk (WSBP) dated 2nd April 2019 WSBP AGMS Invitation
    (B)C Roles of Stakeholders
      (B)C.1.1 Does the company adopt an internationally recognized reporting framework for sustainability (i.e. GRI, Integrated Reporting, SASB)? The information is mentioned and clearly defined at
    Sustainability Report 2018, Pg. 74-82    		 Framework for Sustainability
    (B)D Disclosure and Transparency
      (B)D.1.1 Are the audited annual financial report /statement released within 60 days from the financial year end? WSBP has released the audited annual financial statement on 20th February 2019 as mentioned at:

    Financial Statements For The Years Ended December 31st, 2018 And 2017    		 Financial Report
      (B)D.1.2 Does the company disclose details of remuneration of the CEO?

    Yes it does as mentioned at
    1. Commissioners Remuneration (Annual Report 2018-Page 434, 435)


    2. Directors Remuneration (Annual Report 2018-Page 436, 437)


    3. Commisioners and Director Remuneration (Annual Report 2018-Page 438)

    1. Commissioners Remuneration


    2.     Directors Remuneration


    3    .Commisioners and Director Remuneration
    (B)E Responsibilities of the Board
    (B)E.1 Board Competencies and Diversity
      (B)E.1.1 Does the company have at least one female independent director/commissioner? No it does not as we can see at The Company`s website Management
      (B)E.1.2 Does the company have a policy and disclose measurable objectives for implementing its board diversity and report on progress in achieving its objectives?

    WSBP has a policy for implementing board of directors and board of commissioners diversity report on progress in achieving its objectives.

    The information clearly defined at:

    1. Board of Commissioner (Annual Report Pg. 568-570) 


    2. Board of Director (Annual Report Pg. 571-573)

    1. Board of Commissioner


    2.     Board of Director
    (B)E.2 Board Structure
      (B)E.2.1 Does the Nominating Committee comprise entirely of independent directors/commissioners?

    WSBP`s Nominating Committee not comprise entirely of independet directors/commissioners as mentioned at:

    1. Board of Commissioner (Annual Report 2018 Pg. 114-117)


    2. Board of Director (Annual Report 2018 Pg. 118-123)

    1. Board of Commissioner


    2.      Board of Director
      (B)E.2.2 Does the Nominating Committee undertake the process of identifying the quality of directors aligned with the company`s strategic directions? WSBP`s Remuneration Committee has policies such prepare criteria and policies needed in the process of nominating candidates for the Board of Directors and Board of Commissioners, review and propose candidates that fulfill the requirements as members of the Board of Directors to he Board of Commissioners to be submitted to the General Meeting Stakeholders, and prepare the structure, policy and amount of remuneration for Members of the Board of Directors and Members of the Board of Commissioners with approval from the Company`s Main Stakeholders.

    The information clearly defined as follows at Annual Report 2018 Pg. 473-475    		 Nomination and Remuneration Functions
    (B)E.3 Board Appointments and Re-Election
      (B)E.3.1 Does the company use professional search firms or other external sources of candidates (such as director databases set up by director or shareholder bodies) when searching for candidates to the board of directors/commissioners? WSBP does not use professional search firms or other when searching for candidates to the board of directors/commissioners. Therefore, WSBP has Remuneration Committee that obligate to prepare criteria and policies needed in the process of nominating candidates for the Board of Commissioners and Board of Directors to be submitted to the General Meeting of Stakeholders.

    A brief information mentioned at Annual Report 2018 Pg. 473-475    		 Nomination and Remuneration Functions
    (B)E.4 Board Structure & Composition
      (B)E.4.1 Do independent non-executive directors/commissioners make up more than 50% of the board of directors/commissioners for a company with independent chairman? Yes, WSBP`s independent non-executive directors/commissioners make up more than 50% of the board of directors/commissioners for a company as showned at WSBP website Management
    (B)E.5 Risk Oversight
      (B)E.5.1 Does the board describe its governance process around IT issues including disruption, cyber security, disaster recovery, to ensure that all key risks are identified, managed and reported to the board? WSBP has an integrated information system for business process with well-connected internet networks to accelerate information. WSBP aims to improve information technology that are integrated between production, finance, accounting, marketing and human capital processes by utilizing technological advancements.

    In Annual Report 2018 Pg. 270-281, to address IT issues around disruption, cyber security, and disaster recovery, WSBP has elaborated its IT Guideline including Vision and Mission of Corporate Information Technology Development, Plans and Targets for Information Technology Development in 2018 and Their Realization, Integrated Information Technology System Application, Information Technology Development and Procurement Activities in 2018, and Roadmap of Technology Development Future Company Information.    		 Information Technology
    (B)E.6 Board Performance
      (B)E.6.1 Does the company have a separate board level Risk Committee? Yes, WSBP does have a separate board level Risk Committe. It can be seen through website page of WSBP concerning Risk Management Committe and other website page of WSBP concerning Audit Committee 1. Risk Management Committee

    2.     Audit Committee