PT LAUTAN LUAS Tbk (The "Company") always commits to implement the Good Corporate Governance (GCG) in every part of organization structure.

The Company relies on clear definition of responsibilities, segregation of duties, and independent oversight of qualified professionals to strengthen management decisions adopted by the Management of Company.

These principles have been integral elements to the Company management philosophy since establishment of the Company and are considered a fundamental cornerstone in achieving sustainable growth.

GCG principles have enabled for the Company to become a leading regional integrated chemical distribution and manufacturing company. Listed on the Indonesia Stock Exchange (formerly JSC and SSC) since year 1997, the Company has implemented the normative GCG instruments required by Financial Services Authority of Indonesia (OJK) among others: an Internal Audit function, Audit Committee under the supervisory of the Board of Commissioners, and appointment of Independent Commissioners.

GCG implementation has been improved from time to time, currently task of the Nomination and Remuneration functions have been implemented by the Board of Commissioners play the role in establishing the criteria for selection of candidates for members of the Board of Commissioners and Board of Directors and remuneration system.

Implementation Procedures for Nomination and Remuneration Functions of PT Lautan Luas

  1. In performing the Nomination function, the Board of Commissioners shall perform the following procedures:
    • To prepare the composition and nomination process of members of the Board of Directors / members of the Board of Commissioners;
    • Establish policies and criteria required in the Nomination process;
    • To assist in the evaluation of the performance of members of the Board of Directors and / or members of the Board of Commissioners;
    • Developing capacity building programs;
    • Review and propose to the Board of Commissioners meeting to be submitted to the General Meeting of Shareholders regarding candidate members of Board of Directors / Board of Commissioners who have fulfilled the nomination requirements.

  2. In performing the Remuneration function, the Board of Commissioners shall perform the following procedures:
    • To prepare the Remuneration structure for members of the Board of Directors and / or members of the Board of Commissioners;
    • Formulate Remuneration policy for members of the Board of Directors and / or members of the Board of Commissioners; 
    • Arrange the amount of Remuneration for members of the Board of Directors and / or members of the Board of Commissioners.

Organization Structure

Public Accountant
Purwantono, Sungkoro & Surja
Gedung Bursa Efek Indonesia, Menara 2, Lantai 7,
Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190, Indonesia
Tel.: +62 21 5289 5000
Fax.: +62 21 5289 4100

Credit Rating
PT Pemeringkat Efek Indonesia (PEFINDO)
Menara Panin Senayan City, Lantai 17
Jl. Asia Afrika Lot 19, Jakarta 10270, Indonesia
Tel.: +62 21 7278 2380
Fax.: +62 21 7278 2370

Trustee
PT Bank Mega Tbk
Jl. Kapten P. Tendean No 12-14A
Jakarta - 12790
Tel.: +62 21 7917 5000
Fax.: +62 21 7990 720

Share Register
PT Datindo Entrycom
Jl. Hayam Wuruk No. 28 Jakarta 10120
Tel.: 021 – 350 8077 (Hunting)
Fax.: 021 - 3508078

Attachment
Articles of Association
Code of Ethics
Working Guidelines and Rules of The Board of Commissioners
Working Guidelines and Rules of The Board of Directors
Internal Audit Charter
Audit Committee Charter
Risk Management
Audit Committee
Corporate Secretary
IPO Prospectus