Pedoman Tata Kelola Perusahaan
Corporate Governance Charter
PT LAUTAN LUAS Tbk (“Perseroan”) is always committed to implementing Good Corporate Governance (“GCG”) in all parts of the Company’s organizational structure.
To improve decision-making process in the Company, the Company relies on clear definition of responsibility, segregation of duties according to GCG principles, and independent supervision by qualified professionals. Since the establishment, principles of transparency, accountability, responsibility, independency, and fairness are very pivotal parts of management philosophy and provide a fundamental foundation in achieving sustainable growth.
With the implementation of GCG, the Company is now capable of confirming its status as integrated and leading chemical manufacturer in all over regional area.
Listed in Indonesia Stock Exchange since 1997, the Company complies the normative GCG required by Financial Service Authority (OJK), namely: appointment of Independent Commissioner, Audit Committee under supervision of the Board of Commissioners, and Internal Audit Unit under supervision of President Director. The Company always improves the implementation of GCG. Recently, the Board of Commissioners carries out Nomination and Remuneration function, supported by related policies to guide the Board of Commissioners in determining criteria for selecting candidates for the Board of Commissioners and Directors and their respective remuneration.
The Board of Commissioners and Directors provide direction and manage the Company in achieving its stated objectives.
Implementation Procedures for Nomination and Remuneration Functions
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- 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.
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- 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.