GCG Regulation
Public Company have to comply with OJK and IDX regilations regarding Good Corporate Governance (GCG), such as:
- 1. The Company have to appoint Independent Commissioner(s), minimum 30% of total Board of Commissioner (BoC) members. For example, if the Company had 2 BoC members, at least 1 out of the 2 BoC members should be Independent (in this case, accounts for 50% of the BoC composition).
- 2. The Company have to create Corporate Secretary position (1 personnel).
- 3. The Company have to create Audit Committee – a unit headed by Independent Commissioner with 2 members (total 3 personnel including Independent Commissioner).
- 4. The Company have to create Internal Audit position (1 personnel).
