In carrying out its business of providing credit/financing guarantees to MSMEs, PT Jamkrindo is consistently required to seize business opportunities in a sound and profitable manner while upholding the principles of trustworthiness, transparency, and accountability. To ensure the effective implementation of Good Corporate Governance (GCG) practices that deliver high value, it must be based on moral values, compliance with laws and regulations, and awareness of the Company's social responsibilities to stakeholders.
In accordance with the Regulation of the Minister of State-Owned Enterprises of the Republic of Indonesia Number: PER-02/MBU/03/2023 dated March 24, 2023, regarding Guidelines for Corporate Governance and Significant Corporate Activities for State-Owned Enterprises, PT Jaminan Kredit Indonesia conducted an assessment of its GCG implementation in 2023. This was done independently by the 2023 GCG Self-Assessment Team, based on Assignment Letter Number: 133/SP/1/XII/2023 dated December 12, 2023.
The 2023 GCG implementation assessment included an evaluation of the results and follow-up on the recommendations for improvement from the previous GCG assessment period. The self-assessment of GCG implementation for 2023 was carried out based on the Indicators/Parameters of Assessment and Evaluation for the Implementation of Good Corporate Governance in State-Owned Enterprises.
Based on the self-assessment results for the 2023 period, PT Jamkrindo achieved a score of 96.268 out of a maximum of 100, or 96.268%, with the qualification of EXCELLENT, with the following score weight breakdown:
PT Jaminan Kredit Indonesia continues to take improvement steps in both soft structure and infrastructure aspects of GCG in order to enhance the quality of its GCG implementation. The Company has issued supporting documents for GCG implementation, including the GCG Guidelines, Board Manual, and Code of Conduct. The Board of Commissioners is also supported by several Committees that assist in enhancing the effectiveness of the supervisory functions carried out by the Board of Commissioners.
Download Links:
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Board Manual
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GCG Guidelines
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Code of Conduct
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GCG Report
Progress in the Implementation of Good Corporate Governance
PT Jamkrindo’s commitment to implementing the principles of GCG is reflected in its structured GCG framework, systems, and procedures developed to create added value for stakeholders through professional, effective, and efficient corporate management.
This commitment is illustrated in the GCG Roadmap established by Jamkrindo, outlining the implementation of GCG principles aimed at achieving the status of a Good Corporate Citizen, through the following mechanisms:
COMMITMENT
In applying the principles of GCG, all personnel of PT Jaminan Kredit Indonesia are committed to complying with all applicable laws and regulations, both internally and externally. Management support plays a key role in setting the direction and goals of GCG implementation at PT Jaminan Kredit Indonesia. In practice, the Company’s Management acts as a role model for employees, encouraging a continuous commitment to GCG implementation. PT Jamkrindo will apply GCG principles in every business process and continuously improve its GCG-supporting instruments.
SYSTEM
To support sustainable GCG commitment at PT Jaminan Kredit Indonesia, the Company requires an operational system that functions effectively and efficiently, through compliance with prevailing laws and regulations, adequate internal control systems, sound risk management, and the implementation of an effective whistleblowing system.
CULTURE
The cultural values of PT Jaminan Kredit Indonesia form the foundation for all Company personnel to work in a clear and structured manner. In line with the implementation of GCG, all personnel are committed to applying the corporate cultural values aligned with GCG principles. Jamkrindo’s GCG implementation aims to support its Vision of becoming “The Leading Guarantee Company Supporting National Economic Development.” Additionally, GCG implementation is intended to support Jamkrindo’s Mission, which is to improve MSME financial accessibility through the provision of innovative, competitive guarantees with professional, effective, and efficient services on an ongoing basis.