Commitment to GCG and Code of Conduct
Always apply adopt and practice GCG principles at the highest standard as part of the company culture
MedcoEnergi is committed to implementing Good Corporate Governance (GCG) of the highest standards. The implementation of the GCG principles, namely Transparency, Accountability, Responsibility, Independence, and Fairness, is instrumental in realizing the Company’s vision and therefore embedded in its corporate values and culture.
The implementation of GCG is based on developing responsibility in the management system, strengthening control functions and improving transparency. It is believed to deliver substantial benefits to the Company and stakeholders.
The principles of GCG is implemented pursuant to the Law No. 40 of 2007 on Limited Liability Corporation, Law No. 8 of 1995 on Capital Market, the Company’s Articles of Association, regulations of the Indonesian Capital Markets and Financial Institution Supervisory Agency (Bapepam-LK), regulations of the Indonesia Stock Exchange (IDX), and other pertaining laws and regulations. The Company also adheres to the GCG principles instated by the Organization for Economic Cooperation and Development (OECD) as well as the Indonesian GCG Guidelines.