Good Corporate Governance (GCG) is the basis for the creation of sustainable added value that will benefit, provide adequate protection and fair treatment to all shareholders and stakeholders throughout the company’s existence. Proper and correct implementation is an important indicator in assessing the company’s performance.

JIHD’s GCG structure refers to the regulations of the Financial Services Authority (OJK). The three main organs in the Good Corporate Governance structure are the General Meeting of Shareholders (GMS), the Board of Commissioners, and the Board of Directors. The three supporting organs are: Audit Committee,  Internal Audit Unit, and  Corporate Secretary.

a. General Meeting of Shareholders

The highest organ in the Corporate Governance structure that has authority that is not granted to the Board of Directors or the Board of Commissioners, with and within the limits specified in the laws and regulations, as also stated in JIHD’s Articles of Association.

b. Board of Commissioners

JIHD’s Board of Commissioners supervises and provides direction, advice and recommendations to the management and management of the Board of Directors with independence and objectivity. The Board of Commissioners also monitors the effectiveness of GCG implementation by and in JIHD. The results of the Board of Commissioners’ supervision and monitoring  are then submitted to the GMS as part of the Board of Directors’ performance assessment.

c. Board of Directors

JIHD’s Board of Directors are responsible and fully authorized for the management, as well as representing both inside and outside the court for the interests and objectives of the company, in accordance with the Articles of Association. The Board of Directors must uphold a professional, objective, strategic-minded attitude, prioritizing the interests of the company in order to increase added value for stakeholders and ensure business sustainability.

d. Audit Committee

The Audit Committee is an organ under the Board of Commissioners that aims to assist and facilitate the Board of Commissioners in carrying out its supervisory function on matters related to the quality of financial information, internal control systems, effectiveness of external and internal auditor examinations, effectiveness of risk management implementation in accordance with Good Corporate Governance principles.

e. Internal Audit Unit

The Internal Audit Unit assists the Board of Directors in conducting audit functions and providing independent and objective assessments to each work unit in terms of daily processes, risk management effectiveness, internal controls, and compliance with corporate governance processes.

f. Corporate Secretary

The role of the Corporate Secretary is very strategic: acting as an effective and intensive mediator in facilitating internal communication between JIHD’s organs, external relations with shareholders, regulators, and other stakeholders, maintaining the image, following the development of the Capital Market and applicable laws and regulations, and ensuring aspects of transparency and compliance as part of the implementation of Good Corporate Governance.