In the 14th Indonesian Institute for Corporate Directorship (IICD) Corporate Governance Conference & Award, PTBA received the Best State Owned Enterprises 2023 and Top 50 Big Capitalization Public Listed Company awards.
The award was received by VP of Corporate Management Systems & GCG PT Bukit Asam Tbk (PTBA) Tri Ubaya Sakti in Jakarta on Monday, September 18, 2023.
Regarding this award, President Director of PT Bukit Asam Tbk (PTBA) Arsal Ismail stated that the company is committed to continuing to implement the principles of good corporate governance across all business lines.
"This appreciation is an encouragement for us to further strengthen GCG practices as the foundation for accountable business entity management," said Arsal Ismail.
Arsal revealed that one of GCG principles implementations is through the Whistleblowing System (WBS) or the mechanism for handling complaints of alleged criminal acts of corruption through various media.
PTBA has been the first state-owned mining company to receive the ISO 37001:2016 Anti-Bribery Management System which was audited by PT British Standards Institution Group Indonesia (BSI Group Indonesia), since 2020.
Some positive observations on this certification audit process include as follows: PTBA has consistently implemented GCG for more than 10 years and has an Enterprise Risk Management System and all Business Units mitigate opportunities for Bribery or Gratification.
"Through consistent and comprehensive implementation of GCG principles, PTBA believes that the company is able to achieve both short-term and long-term goals, achieve maximum growth and returns, therefore create a business that grows and develops," he said.
To ensure the effectiveness of GCG implementation within the Company, PTBA periodically conducts GCG implementation assessments as a form of check & balance mechanism to determine the level of adequacy of GCG implementation in the Company.
The assessment carried out by the Company currently still refers to the Decree of the Secretary of the Minister of BUMN No. 16/S. MBU/2012 concerning Indicators/Parameters for Assessment and Evaluation of the Implementation of Good Corporate Governance in State-Owned Enterprises.
"By conducting this assessment, the Company obtains a more comprehensive picture of the areas or focus for developing GCG aspects that must be addressed each year. We continue to conduct evaluations for the sustainable implementation of GCG principles," he said.
