ASEAN Corporate Governance Scorecard (ACGS)

Another form of assessment carried out related to the implementation of GCG in the Company is the ASEAN Corporate Governance Scorecard (ACGS). ACGS is a corporate governance standard issued by the Organization for Economic Cooperation and Development (OECD). The score on our GCG implementation is assessed independently by PT Pratama Indomitra Konsultan.

The summary of the results of the Company's ASEAN CG Scorecard (ACGS) assessment for the 2022 financial year is as follows:

GCG Score based on ACGS in 2021 and 2022
No Assesment Component Skor In 2022 Skor In 2021 Comparison
1 Shareholders Rights 9,52 9,00 0,52
2 Equal Treatment to Shareholders 9,29 7,33 1,96
3 Stakeholders Roles 15,00 13,85 1,15
4 Disclosure and Transparancy 24,19 22,58 1,61
5 Board of Commisioners Responsibilities 38,13 31,88 6,25
6 Bonus 12,00 8,00 4
7 Penalty 0 -2 2
  Total Score 108,13 90,64 17,49

By achieving a score of >90, the results of the assessment of the implementation of the Company's GCG are in the "Excellent" category, which means that the Company has been able to meet international standards of GCG practice determined by the OECD.

This governance practice can still be improved by the Company to show a strong commitment to implementing GCG principles in every aspect of the company's business.