Corporate Governance

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In running the business, Arkhajayanti implements good corporate governance (GCG) optimally by upholding the five principles of GCG, namely transparency, accountability, responsibility, independence, and fairness, and aligning them with the core values at Arkhajayanti, namely Integrity, Sustainable Development, Excellence, Proactive, Accountability, and Teamwork.

The GCG implementation at Arkhajayanti is grounded upon the provisions in the Law No. 40/2007 on Limited Liability Companies, the General Guidelines for Good Corporate Governance in Indonesia issued by the National Committee of Governance Policy, regulations of the Financial Services Authority, and regulations of the Indonesia Stock Exchange. Arkhajayanti continuously reviews the best practices in business and apply them in an appropriate manner on its own business.

The GCG soft structure consisting of GCG tools and policies at Arkhajayanti are constantly enhanced and have their efficacy reviewed regularly, to ensure that GCG implementation in Arkhajayanti can be conducted optimally. As at the end of 2019, Arkhajayanti had the following elements making up its GCG soft structure:

• GCG Charter
• Code of Ethics & Conduct
• Board Manual
• Internal Control System
• Enterprise Risk Management
• Articles of Association