Good Corporate Governance Policy
PT Nusa Raya Cipta Tbk ( as the “Company” or “NRCA”) is aware that in order to continue to improve the company’s performance, needs to be done improving the governance of the business processes carried out. Therefore, the Company carry out the development of Good Corporate Governance (GCG) in the company, good GCG infrastructure and GCG soft structure. One of them is through the publication of Guidlines Good Corporate Governance. This guideline is the basis for all Company personnel within running business processes.
The implementation of GCG in the Company aims to :
Principles of implementing GCG in the Company:
- Transparency;
- Accountability;
- Responsibility;
- Independence;
- Fairness and Equality.
Vision and Mission Commitment
Good Corporate Governance Structure
GMS is a Company activity which is a forum for Shareholders to make important decisions within the Company. GMS and/or Shareholders do not can intervene in the duties, functions and authority of the Board of Commissioners and the Board of Directors without reducing the authority of the GMS to exercise its rights in accordance with the Company’s Articles of Association and statutory regulations, including to replace or dismiss members of the Board of Commissioners and/or Directors.
The Board of Commissioners is the part of the Company with duties and responsibilities collectively to supervise and provide advice to the Board of Directors, and ensuring that the Company implements GCG well. Function The supervision and provision of advice to the Board of Commissioners includes action prevention, improvements, up to temporary suspension. However, Council Commissioners may not participate in making operational decisions. In carry out these duties and responsibilities, The Board of Commissioners is assisted by Supporting Section for the Board of Commissioners
The Board of Directors is the part of the Company which has duties and responsibilities collegial in managing the Company. Directors are accountable management at the GMS is in accordance with the Company’s Articles of Association and regulations applicable legislation. Each member of the Board of Directors carries out their duties and makes decisions in accordance with their division of duties and authority. However, The implementation of duties by each member of the Board of Directors remains the responsibility of each member of the Board of Directors answer together. In carrying out these duties and responsibilities, the Board of Directorsassisted by the Directors Support Section.
Good Corporate Governance Provision
- Corporate Accounting Standards. The Company presents financial reports, both single entity financial reports and consolidated financial statements, following Financial Accounting Standards in Indonesia and other accounting practices that commonly apply in the Capital Market.
- Internal Control System. The Company ensures that the internal control system implemented has been implemented follow the applicable internal control framework, and are evaluated and reported periodically.
- Risk Management. The Company takes actions and decisions based on the precautionary principle taking into account the risks faced, both from internal sourcesor external.
- Human Resources Governance The Company implements human resource (HR) management in accordance with principles fairness and equality, as well as ensuring the creation of a conducive work environment, including employee work health and safety.
- Information Technology Governance The Company plans and implements effective information technology governance and efficient, and evaluated and updated regularly to guarantee easy access to Company data and information.
- Corporate Social Responsibility In carrying out business processes, the Company pays attention to performance growth Company (profit), fulfilling the interests of Stakeholders (people), as well as environmental (planet) sustainability in order to achieve long-term business sustainability.
- Procurement of goods and services Procurement of goods and services in the Company is carried out fairly and openly, and not contains elements of conflict of interest.
- Quality Management The Company improves the quality of products and services, and follows up if necessary quality discrepancies occur.
- Business Ethics The Company establishes business ethics regarding the integrity of financial reports; protection Company assets; protection of Company information and intangible assets; collision interest; equality and respect for human rights; employment Opportunity fair; occupational health and safety and environmental preservation; information insider; giving and receiving gifts, meals, entertainment, and giving donation; political activity; as well as openness and disclosure of information.
- Relationships with Stakeholders The Company establishes ethical behavior for Company personnel in maintaining relationships with Stakeholders, namely regulators, Shareholders, employees, business partners, Subsidiaries and/or joint ventures, investors, customers, as well environment and society.
- Violation Reporting Mechanism The Company establishes a violation reporting mechanism and its functions responsible for its implementation so that any violation of the rules and regulations that apply in the Company can be followed up.
Good Corporate Governance Manual
Work Guidelines
Summary of Company BOC and BOD Work Guidelines
Code of Conduct
Code of Conduct Guidlines Summary
Audit Committee Charter
Audit Committee Summary
Nomination and Remuneration Charter
Summary of Nomination and Remuneration Charter
Risk Management
Risk Management Policy Summary
Stakeholders can submit whistleblowing report by sending an official letter to the Board of Directors C/O Corporate Secretary, by direct delivery or by using expedition, or by facsimile or email to the following address
Address : Graha Cipta Building
Jln. D.I. Panjaitan No. 40
Jakarta 13350
Phone Number : (021) 819 3582
Fax Number : (021) 819 3544
Email : corsec@nusarayacipta.com
website : www. nusarayacipta.com
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