PT Wijaya Karya Beton Tbk (WIKA Beton/"The Company") consistently prioritizes Good Corporate Governance practices to achieve a management system that supports business success and accountability. The Company continues to implement Corporate Governance based on five (5) principles: Transparency, Accountability, Compliance, Independence, and Fairness.
Transparency in the decision-making process, and in the process of conveying company information to stakeholders.
Clarity of functions, implementation, and accountability of the Company so that management is carried out effectively.
Conformity in company management with applicable laws and regulations.
The company's management is conducted without being influenced by pressure and interests from any party that is not in accordance with applicable laws and healthy corporate principles.
Equality, fairness, and justice in fulfilling the rights of stakeholders, arising based on agreements and applicable regulatory regulations.
The implementation of Good Corporate Governance is a form of the company's compliance with the Minister of State-Owned Enterprises Regulation No. PER-01/MBU/2011 dated August 1, 2011, regarding the Implementation of Good Corporate Governance for State-Owned Enterprises, which was last amended by PER-09/MBU/2012 dated July 6, 2012, with changes in Article 12 Paragraph 10, as well as applicable laws and regulations.
WIKA Beton recognizes that the importance of implementing Good Corporate Governance will have a positive impact on both the internal and external environment of the Company by optimizing corporate values so as to possess strong competitiveness, both nationally and internationally on a sustainable basis. It aims to promote the management and independence of the Company in a professional manner, empowering functionality, effectiveness, and efficiency. Enhancing the value and long-term business growth sustainably not only for Shareholders but also for all Stakeholders. It encourages the Company's Organs in making decisions and taking actions based on high moral values and compliance with laws and regulations, as well as an awareness of the social responsibility towards Stakeholders and environmental preservation around the Company, and contributes to the improvement of a conducive climate for the development of national investment.
Enhance the Company's value to have strong competitiveness, both nationally and internationally, thus being able to sustain its existence and live sustainably to achieve its aims and objectives.
Improve the Company's performance with better and more cautious decision-making processes by always considering compliance with applicable laws and regulations, managing arising risks, and avoiding conflicts of interest.
Increase professionalism and human resource development by conducting more objective, transparent, and fair performance evaluations, and by building an efficient organizational structure with clear functions, systems, and accountability.
Ensure that financial management is carried out wisely and controlled, and prepare financial reports accurately and accountably with a reliable internal control system and healthy risk management.
Enhance the trust of investors, creditors, and shareholders by always updating material and relevant data/information transparently, accurately, with quality, and accountability.
Pay attention to the interests of Stakeholders by clarifying the rights and obligations of each party, and implementing healthy and responsible business relationships.
Implement Social and Environmental Responsibility (CSR) Programs.
The Board of Commissioners, Directors, and all individuals of PT Wijaya Karya Beton Tbk declare their commitment to implementing good corporate governance with high moral standards, referring to best practices and Guidelines for Implementing Good Corporate Governance.
Law Number 19 of 2003 concerning State-Owned Enterprises (SOEs).
Regulation of the Minister of State-Owned Enterprises Number: PER-2/MBU/03/2023 dated March 3, 2023, regarding Guidelines for Governance and Significant Corporate Activities of SOEs.
Financial Services Authority Regulation No. 8/POJK.04/2015 about the Website of Issuers or Public Companies.
Financial Services Authority Regulation No. 31/POJK.04/2015 on Disclosure of Material Information or Facts by Issuers or Public Companies.
Financial Services Authority Regulation No. 21/POJK.04/2015 on the Implementation of Governance Guidelines for Public Companies.
The Good Corporate Governance (GCG) Roadmap is developed to provide a comprehensive overview of various aspects that need to be enhanced. The preparation of the Roadmap is carried out by referring to the Company's condition, the direction of Indonesian Corporate Governance, and international standards related to GCG practices. The primary goal of the Company in developing this Roadmap is as a strategy to improve the implementation of Good Corporate Governance practices comprehensively.
