Corporate Governance Implementation Framework BRI follows a corporate governance implementation framework based on the principles of good corporate governance. The framework comprises of three elements: structure, process, and outcomes. These elements reflect in various aspects of the Company’s management such as the determination of its vision and mission, clear definition of each primary and supporting organ function, processes for managing risks, effective internal control and compliance, and a company culture that prioritizes sustainability. GCG principles formulation in supporting BRI sustainable business activities are as follows: GCG Principles Description Transparency 1. The Bank disclosed information in a timely, accurate, adequate, transparent and comparable manner and can be accessed by interested parties (stakeholders) by their interests and rights. 2. The Bank has a policy to disclose important information required by the stakeholders. 3. The Bank must disclose information to comply with applicable laws and regulations, including information such as the Bank’s vision, mission, business values, targets, and strategies, its financial condition, the composition and remuneration of the Board management, the identity of controlling shareholders, organizational structure, risk management, internal control systems, and implementation of Good Corporate Governance (GCG) and compliance. 4. The principle of information disclosure continued to pay attention to statutory provisions along with Bank and Customer confidential information. 5 Principles of Good Corporate Governance 01 02 03 04 05 Transparency in information disclosure and decision making Transparency Accountability Responsibility Independency Fairness Clarity of functions and implementation of the bank organ Compliance of bank management with laws and regulations and sound bank Professional management of the bank without any influence/pressures from Fairness and equality in fulfilling the stakeholders’ rights PT Bank Rakyat Indonesia (Persero) Tbk. Annual Report 2023 446
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