Good Corporate Governance
BUMI SIAK PUSAKO ZAPIN
THE ENERGY COMPANY
Good Corporate Governance Guidelines
GCG (Good Corporate Governance) refers to the principles that underpin the processes and mechanisms of managing a company based on laws, regulations, and business ethics. GCG is closely related to the trust placed in the company implementing it, as well as the business climate in a country. The implementation of GCG encourages healthy competition and a conducive business environment. The application of GCG in PT Bumi Siak Pusako Zapin ("BSPZ") is crucial to support sustainable economic growth and stability. PT Bumi Siak Pusako Zapin ("BSPZ") has a Good Corporate Governance Guideline, which serves as a framework for all personnel at BSPZ to make decisions and take actions based on high moral standards and compliance with applicable laws and regulations.
Board of Directors & Board of Commisioners guidelines
This Board Manual is one of the soft structures of Good Corporate Governance, as an elaboration of the Corporate Governance Guidelines (Code of Corporate Governance) referring to the Company's Articles of Association. The Board Manual, which is an agreement/commitment document between the Board of Commissioners and the Board of Directors, aims to: 1.Serve as a reference/guideline for the main duties and functions of each organ; 2.Enhance the quality and effectiveness of the working relationship between the organs; 3.Apply the principles of GCG, namely: Ethical Behavior, Accountability, Transparency, and Sustainability. By implementing the Board Manual in the working relationship between the two organs of the Company as described above, all business activities of the Company can be carried out harmoniously, adhering to the principles of GCG. In an effort to achieve the Company's vision and mission, the Board of Commissioners and the Board of Directors are committed to building PT Bumi Siak Pusako Zapin, based on the principles of honesty and transparency, while avoiding conflicts of interest. Thus, the commitment between the Board of Commissioners and the Board of Directors is made and established as the foundation for a better and cleaner company, in compliance with the applicable laws and regulations.
Risk Management Guidelines
In achieving its vision and mission, the company is faced with numerous uncertainties and changes in both the internal and external business environment. To support the achievement of its vision and mission, the Board of Directors enhances the company's ability to cope with changes in the business environment through Risk Management, which is a key component in the implementation of Good Corporate Governance (GCG).
