HFIS
PT. SARANA MULTIGRIYA FINANSIAL (PERSERO)

Good Corporate Governance (GCG)

Good Corporate Governance (GCG) is a structure and mechanism governing company management to produce sustainable long term economic value for both shareholders and stakeholders. The implementation of good corporate governance principals can contribute in improving Company’s performance. This understanding underlies the commitment of PT Sarana Multigriya Finansial (Persero) to maintain the implementation of GCG in every level of organization and its operational activities. The implementation of GCG principals is based on the Regulation of Minister of State Owned Enterprises No. Per-01/MBU/2011 dated August 1st, 2011, about the Implementation of Good Corporate Governance (GCG) within State-Owned Enterprises which states the requirement and guidelines of GCG implementation in the company. The elaboration on the base of GCG implementation is also clarified in Articles of Association, the guidelines and based on applicable laws and regulations.

Implementation Of GCG Principals

The implementation of all activities is in accordance to the basic principles of GCG which are transparency, accountability, independency, liability and fairness.

Transparency

Transparency principal is always implemented in running business through providing material and relevant information which can be easily accessed and understood by stakeholders. Broad information is given to public and shareholders with respect to regulations of the Financial Services Authority or own initiatives. The reports are published periodically and punctually which include Quarterly Financial Report, Semester Financial Report, Audited Annual Financial Report and Annual Report. Information is also disclosed through public presentation, printed and electronic media and investor forum.

Accountabilty

The Company has a corporate management system that supports clarity of functions, implementation and accountability of corporate organs. Accountability principal is implemented through Board of Director’s report to the Board of Commissioner regarding annual budget planning and evaluation on company’s financial performance, submission of financial statement to Annual General Meeting of Shareholders, the establishment of internal audit, appointment of external audit, implementation of business ethics and code of conduct.

Responsibility

To maintain long term business sustainability and to get acknowledgement as a good corporate citizen, the company should comply to laws and regulations and fulfill the responsibilities to society and environment. Through an intergraded Corporate Social Responsibility (CSR) program that copes education, social and environmental aspects, the Company is directly involved in various social activities focusing on the development of community, including related housing development.

Independency

The Company always assures that corporate management is done independently, so each corporate organ does not dominate and no intervention by other parties. As an example, The Board of Commissioner and Directors have independent opinion in every decision making, but it is possible to get suggestions from independent consultant, law, human resources and the committees to support good supervision function. Currently, the Board of Commissioner consists of 3 (three) people, 1 (one) President Commissioner and the other 2 (two) are Commissioners.

Fairness And Equality

In the Company, the interest of shareholders and other stakeholders is always on special attention. The Company always implements fair treatment to public, capital market authority, capital market community, and the stakeholders. Meanwhile, relation with employees is maintained by maintain their rights and obligations fairly and equally.

To assure implementation of GCG principals in every business aspect, an active role and support from the Board of Commissioner and Directors are needed. The role and support in 2014 was manifested through:
  • Renewal of Policy and Procedure concerning The Implementation of GCG.
  • The implementation of GCG assessment by Independent Assessor.
  • Dissemination of policies and procedures of GCG implementation to stakeholders

GUIDE ON IMPLEMENTATION OF CORPORATE GOVERNANCE

Management and employees have showed commitment of GCG implementation by signing integrity pact based on the GCG guidelines implemented in all level of organization and operational activities.

GCG ASSESSMENT

The company has appointed an Independent Assessor to assess based on Article 44 (5) of the Regulation of the Minister of State-Owned Enterprises No. PER-09/MBU/2012 about the Changes in the regulation No. Per-01/ MBU/2011 about the Good Corporate Governance implementation Regulation of the Minister of State Owned Enterprises No. Per-01/MBU/2011 on the Implementation of Good Corporate Governance at the State-Owned Enterprises and the Decree of the Secretary of the Ministry of State-Owned Enterprises No. SK-16/S.MBU/2012 about the Indicator of Evaluatuon on the Good Corporate Governance. Based on the assessment, the company acquire “GOOD” predicate.


VIOLATION REPORTING

 

MECHANISM OF WHISTLEBLOWING

Mechanism/Procedure of Receiving the Violation Report which is suspected to be done by employees, Directors, Board of Commissioner, Supporting Organ of the Board of Commissioner, Division Head, and Directors’ Supporting Organ can be done with following mechanism:

a. Through the website www.smf-indonesia.co.id.

b. Through letter addressed to the Violation

Reporting Management Team, sent directly or via mail to the company:
Tim Pengelola Pelaporan Pelanggaran PT Sarana Multigriya Finansial (Persero)
Grha SMF, Jalan Panglima Polim I No.1 Melawai, Kebayoran Baru
Jakarta Selatan, 12160.
Tel : 021 - 2700400
Fax : 021 - 2701400
Email: tim_pengelola_pelaporan@smf-indonesia.co.id

Violation report is attached with supporting proofs such as documents related to the transaction and/or the reported violation.

 

The company had issued a policy and procedure of Violation Reporting that was approved by the Board of Directors and Board of Commissioner since December 26, 2012.
Implementation of violation reporting policy is the effort to improve the quality of corporate governance. This policy facilitates all parties; management, employees, and other parties related to violation report. The violation includes deviation on the business ethics, work ethics, policy, laws and regulation, articlesof associations, contracts, confidentiality, and other acts that may harm the Company’s and stakeholders by employees or management. The reporting is directed to the management or other institution that can take action to handle the violation.

UTILIZATION AND THE OUTPUT OF WHISTLEBLOWING SYSTEM

To the received reports, the Violation Report Management Team will handle the report by verifying it according to team’s disposition. The team will decide whether investigation is needed within 30 (thirty) days and can be extended to maximum another 30 (thirty) days. If verification showed that the report is not valid and no evidence is given, it will no longer be processed. If there is an indication of violation and there is enough evidence, the report can be processed to investigation phase.
Violation that has been proven based on the investigation result will be processed according to applicable regulation. If investigation result finds disciplinary violation, the team reports the result to the Board of Directors to be followed up. If the violation is a conduct of crime, it will be addressed to the judicial law with the Directors as the official case submitter.

IMPLEMENTATION OF VIOLATION REPORTING SYSTEM IN 2014

During 2014, the Violation Reporting Management Team did not received any violation report in the company.

PLAN OF VIOLATION REPORTING SYSTEM IN 2015

In 2014, The implementation of Violation Reporting System was discussed. The result was, for 2015 will be a review and development in the system for more effective implementation.

WHISTLEBLOWER PROTECTION

Whistleblower protection is intended to encourage the reporting of violations. Whistleblower protection comprise of:

  1. Guarantee confidentiality of whistleblower identity and content of whistleblower report
  2. Guarantee safety for whistleblower and his/her family members
  3. Guarantee protection against detrimental treatment

The Company guarantees the confidentiality of the identity of the alleged party until become a suspect.

MANAGEMENT OF VIOLATION REPORTS

The whistleblowing system is managed by the Violation Report Management Team which was established through the ratification of Policies and Procedures for Violation Report Management V:01 T:12 2012 dated December 26, 2012, by the Board of Commissioners and Board of Directors.
An ad hoc team is formed based on BoD Decision according to the report of violation being processed. The team consist of:

  1. Head of Internal Audit
  2. Head of Human Resources and General Affair Division
  3. Head of the related division(s)

RELATED DOCUMENTS

Documents related to the practice of Good Corporate Government in the Company is as follows :

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