BOARD OF DIRECTORS' REPORT

Good Corporate Governance Guidelines and a Code of Conduct. The Code of Business Ethics contains the principles that govern behavior in implementing corporate values. This Code of Conduct is expected to aspire Pelindo Personnel to achieve Pelindo’s vision and mission. The PT Pelabuhan Indonesia (Persero) Code of Conduct is built on a strong foundation of the vision, mission, values, and Good Corporate Governance principles when carrying out Pelindo’s business activities. This Code of Conduct applies to all Pelindo Personnel, from the Board of Commissioners, Board of Directors to all Employees. This Code of Conduct helps PT Pelabuhan Indonesia (Persero) overcome ethical issues or dilemmas that may be faced at work. The Company’s Code of Conduct guidelines have been updated by looking at the existing guidelines at PT Pelabuhan Indonesia I, II, III and IV (Persero).

To determine the effectiveness and measure the level of GCG practices application in the business, the Company conducts a GCG assessment annually. The procedure for Pelindo’s GCG assessment refers to several provisions, including:

  1. Minister of SOEs Regulation No. PER-01/MBU/2011 dated August 1, 2011 concerning the Implementation of Good Corporate Governance in SOEs;
  2. Minister of SOEs Regulation No. PER-09/MBU/2012 dated July 6, 2012 as an amendment to the Minister of SOEs Regulation No. PER-01/MBU/2011 concerning the Implementation of Good Corporate Governance in SOEs;
  3. Minister of SOEs Decree No. KEP-117/MMBU/2002 dated August 1, 2002 concerning the Implementation of Good Corporate Governance Practices in SOEs;
  4. Secretary of the Ministry of SOEs Decree No. SK-16/S.MBU/2012 dated June 6, 2012 concerning Indicators/Parameters for Assessment and Evaluation of the Implementation of Good Corporate Governance in SOEs; and
  5. Ministry of SOEs Circular Letter No. SE14/ MBU/2010 dated November 11, 2010 concerning Program Assessment and Review of GCG Implementation.

As a form of the Company’s commitment to implementing GCG, the Company coordinates the management and administration of the State Official’s Wealth Report (LHKPN). The Company’s policy concerning management and administration of the State Official’s Wealth Report (LHKPN) was ratified based on the Board of Directors Decree No. HK.01/20/12/1/ADKS/UTMA/PLND-21 dated December 20, 2021 concerning the Wealth Reporting Guidelines for the Board of Directors, Board of Commissioners, and Structural Officers within PT Pelabuhan Indonesia (Persero). The number of people required to report within Pelindo is 401 people. In 2021, 393 people reported their LHKPN, and 8 people did not report.