To carry out Sustainable Transformation to grow more robust and significant, BRI has committed to ensuring that the implementation of good corporate governance runs effectively and develops in line with the transformation carried out by the company. Our company’s governance is demonstrated through the creation of a well-defined vision and mission, a strong leadership approach, implementation of efficient risk management and internal control, a consistent corporate culture, and active engagement with shareholders and other stakeholders. BRI’s governance principles and practices also consider the expectations of regulators and stakeholders. BRI, as the largest commercial bank in Indonesia, has complied with the principles of corporate governance as regulated in OJK Regulation number 17/POJK.03/2023 dated September 14, 2023, concerning Implementation of Governance for Commercial Banks and OJK Circular Letter number 13/SE.OJK.03/2017, dated March 17, 2017, concerning Implementing Commercial Bank Governance. BRI is a State-Owned Enterprise (BUMN) that adheres to the principles of corporate governance set by the Ministry of BUMN. These principles are outlined in the “Guidelines for Governance and Significant Corporate Activities of State-Owned Enterprises” regulation, which the Minister of State issued for Enterprises State-Owned Enterprises (BUMN) on March 3, 2023 (PER-2/ MBU/03/2023). BRI not only follows the provisions of these regulations but also implements corporate governance based on best practices published by the Basel Committee, OECD, International Corporate Governance Network, and KNKG. PT Bank Rakyat Indonesia (Persero) Tbk (BRI) is committed to implementing, upholding, and consistently developing good corporate governance (GCG) principles in all aspects of its business. BRI strives to improve the quality of governance implementation to ensure sustainable business growth and protect the interests and rights of all stakeholders. Achieving successful implementation of GCG requires active participation from Top Management and all BRILian personnel to create a strong company culture. BRI has established a code of conduct that includes a code of ethics and corporate cultural values that apply to all employees. Every employee must implement these cultural values and support the company’s realization of good corporate governance principles. PT Bank Rakyat Indonesia (Persero) Tbk. Annual Report 2023 442
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