GCG Principles Description Accountability 1. The Bank establishes long-term and short-term business targets that are accountable to shareholders and stakeholders 2. The Board of Commissioners and Directors submit an annual report and financial accountability at the GMS. 3. The Bank submits the report in accordance with the applicable provisions to the supervisory authority of the Bank and other stakeholders as applicable 4. The Bank shall determine the duties and responsibilities of the Board of Commissioners, Board of Directors and corporate organs as well as their subordinates in line with the Bank’s vision and mission. 5. The Bank ensures on the availability of competencies of the Board of Commissioners and the Board of Directors as well as all levels below in accordance with their responsibilities and understands their role in GCG implementation. 6. The Bank ensures on the availability of structures, systems and SOPs that can ensure the operation of check and balance mechanism in achieving the Bank’s vision and mission. 7. The Bank has an effective internal control system. Responsibility 1. The Bank adheres to the principles of prudence and guarantees the enforcement of regulations, articles of association and internal regulations of the Bank. 2. The Bank maintains nature conservation through lending policy and other policies that support the natural resources preservation. 3. The Bank acts as a good corporate citizen through social and environmental responsibility. Independency 1. The Bank avoids the dominance of any party, unaffected by certain interests, free of conflict of interest and any influence or pressure so as to act objectively 2. The Bank performs its functions and duties in accordance with the Articles of Association, internal Bank rules and regulations. Equality and Fairness 1. The Bank provides fair and equal behavior to the stakeholders in accordance with the benefit and contribution made to the Bank. 2. The Bank provides opportunities for stakeholders to provide input and convey opinions for the interests of the Bank and access to information disclosure. Structure, Mechanism and Governance Relations BRI has 4 (four) pillars of good corporate governance, including governance commitment, governance structure, governance process and governance outcomes. These four pillars are realized in the Bank Governance Organ, which consists of the General Meeting of Shareholders (GMS) and the Board of Commissioners and Directors. Each organ has a vital role in ensuring and striving for the implementation of good governance, as well as in carrying out their respective functions, duties and responsibilities in the interests of the Bank in carrying out business activities in compliance with the Articles of Association and applicable laws and regulations. As a form of commitment to the implementation of Good Corporate Governance, BRI has a Good Corporate Governance Policy (GCG Policy/Charter) which applies to all BRI organizations and people, namely PT Bank Rakyat Indonesia (Persero) Tbk General Corporate Governance Policy No. KU.02-DIR/KEP/10/2023 dated October 10, 2023 Book 1 concerning Governance and Compliance of PT Bank Rakyat Indonesia (Persero) Tbk which was formulated based on BRI business developments, evaluation of previous guidelines and GCG best practices covering 4 (four ) governance aspects, namely commitment, structure, processes and results which are described in the following chart: PT Bank Rakyat Indonesia (Persero) Tbk. Annual Report 2023 447 Corporate Governance
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