ASEAN Corporate Governance Scorecard (ACGS)

Another form of assessment carried out related to the implementation of GCG in the Company is the ASEAN Corporate Governance Scorecard (ACGS). ACGS is a corporate governance standard issued by the Organization for Economic Cooperation and Development (OECD). In the 2022 financial year, our ACGS score will be assessed independently by PT Pratama Indomitra Consultants.

The summary of the results of the Company’s ASEAN CG Scorecard (ACGS) assessment for the 2022 financial year is as follows:

No.	Assesment Component	Score in 2023	Score in 2022	Score in 2021	Score in 2020
1.	Shareholders Rights	20.00	9.47	9.47	9.00
2.	Equal Treatment to Shareholders		10.00	7.86	6.00
3.	Stakeholders Roles	15.00	13.85	13.85	12.69
4.	Disclosure and Transparancy	22.79	22.66	21.88	19.53
5.	Board of Commisioners Responsibilities	32.38	31.38	30.77	27.08
6.	Bonus	12	12	6	8
7.	Penalty	(-4)	(-4)	(-2)	(-2)
	Total	98.18	95.93	87,82	80.30

By achieving a score of >90, the results of the assessment of the implementation of the Company’s GCG are in the “Very Good” category, which means that the Company has been able to meet international standards of GCG practice determined by the OECD.

This governance practice can still be improved by the Company to show a strong commitment to implementing GCG principles in every aspect of the company’s business.

ACGS Assesment result can be downloaded here.