GCG Structure and Policy

The implementation of good corporate governance (GCG) is the application of the Company’s basic philosophical values that uphold integrity, responsibility, and compliance with laws and regulations, as well as prioritization of the interests of stakeholders, the communities, and the surrounding environment.

The Board of Directors, the Board of Commissioners, and all employees are committed to implementing GCG principles in the Company’s management in accordance with laws, regulations, and best practices. Periodically, the Company evaluates the implementation of GCG and improves GCG soft structure and infrastructure as well as standard operating procedures (SOP) to ensure better GCG.

The Company recognizes the importance of consistently implementing good corporate governance (GCG) to maintain accountability for company management, spur business growth, create value for stakeholders, and strengthen the Company’s fundamentals to face increasingly intense business competition.

GCG References and Guidelines
  • Law No. 40 of 2007 on Limited Liability Company (UUPT).
  • Financial Services Authority (“OJK”) Regulation No. 21/POJK.04/2015 on Implementation of Governance Guidelines for Public Companies.
  • OJK Circular Letter No. 32/SEOJK.04/2015 on Guidelines of Corporate Governance for Public Companies.
  • Guidelines on Corporate Governance of PT Industri Jamu Dan Farmasi Sido Muncul Tbk and subsidiaries consisting of:
    • Code of Conduct,
    • BOC Manual,
    • BOD Manual,
    • Anti-Bribery and Anti-Corruption Policy,
    • Whistleblowing System.
  • Audit Committee Charter
  • Nomination and Remuneration Committee Charter
  • Internal Audit Charter
  • The Company’s Articles of Association and Resolutions of General Meeting of Shareholders.
  • Collective Labour Agreement and standard operating procedures (SOP) that are continuously evaluated and improved upon in line with the growing of the Company’s business.
Socialization of General Guidelines for Indonesia Corporate Governance (PUGKI) 2021

The Company periodically conducts socialization and internalization of the Code of Conduct and other GCG policies to all its people, from the Board of Commissioners and the Board of Directors to all employees, to be understood and implemented consistently within the Company’s environment. In 2022, the Company held a socialization of the General Guidelines of Indonesia Corporate Governance (PUGKI) 2021, which was attended by the Board of Directors and the Board of Commissioners. This socialization aims to understand and apply the principles of good corporate governance in the Company to realize effective and efficient governance and increase the trust of investors and other stakeholders.