Equal Treatment for All Shareholders The Company has implemented policies with the aim of supporting and ensuring fair and equal treatment to protect the basic rights of all shareholders. Several aspects of this policy included granting 1 (one) voting right for each share ownership (one share one vote), providing equal access to information through various channels, including Investor Relations, the company website and other publications, as well as policies regarding insider trading and transactions involving related parties. Sustainability Governance Sustainability is a paradigm for achieving financial performance while still balancing good ESG (Environmental, Social, Governance) interests to produce added value, increase competitiveness and resilience of BRI as well as contribute to the nation’s progress and long-term environmental sustainability. BRI states its commitment to sustainability is reflected in BRI’s mission, namely providing optimal profits and benefits to stakeholders by paying attention to sustainable financial principles and Good Corporate Governance (GCG) practices. Since 2021, BRI has established an ESG structure and governance with the aim of directly monitoring the company’s ESG performance and disclosure through the formation of Risk Management and Environmental, Social & Governance (ESG) Committees. In addition, in order to strengthen ESG governance, BRI has issued a Sustainability Policy and Strategy which is regulated in the Circular Letter of the BRI Directors Number: SE.52-DIR/ ESG/10/2022 Dated 5 October 2022 concerning Sustainability Policy and Strategy (Sustainability Policy & Strategy). ) PT Bank Rakyat Indonesia (Persero) Tbk. Strengthening BRI’s ESG governance is supported by the existence of a new organizational structure that specifically handles ESG management in accordance with Decree NOKEP: 575-DIR/PPM/04/2022 dated 12 April 2022 and has been updated with BRI Directors Decree Nokep: 102-DIR/PPM /01/2024 dated January 10 2024 concerning Environmental, Social & Governance (ESG) Committee PT. Bank Rakyat Indonesia (Persero) Tbk. Disclosure and Transparency To ensure equal access to all stakeholders, BRI transparently conveyed the company’s financial condition and non-financial aspects through various communication channels, including the Annual Report, Sustainability Report, Corporate Website and other Public Disclosures. Responsibilities of The Board of Commissioners BRI’s Board of Directors and Board of Commissioners acted on behalf of all shareholders in formulating overall policies and carrying out supervision to ensure that the Company’s operations run efficiently and grow sustainably. All Directors’ responsibilities were measured through Key Performance Indicators (KPI) approved by shareholders, the Board of Commissioners and the Board of Directors. On the other hand, the supervisory function carried out by the Board of Commissioners was described in the work program of the Board of Commissioners, and it was regularly reported in the implementation of the GMS. Integrated Governance As a mitigation measure against potential risks in BRI , and with the aim of improving the quality of the implementation of good governance principles and ensuring the business continuity of financial entities within the conglomerate, BRI implemented integrated Governance based on the principles of Good Corporate Governance (Transparency, Accountability, Responsibility, Independence, Fairness). During 2023, BRI has made improvements to the Integrated Governance framework, established a parenting style for managing subsidiaries, and evaluated the level of maturity in implementing Integrated Governance and carrying out tasks in each integrated business unit within the BRI Financial Conglomerate. Development in The Implementation of Corporate Governance in 2023 BRI implemented Good Corporate Governance based on the principles of Transparency, Accountability, Responsibility, Independence and Fairness, carried out by focusing on aspects of Governance Structure, Governance Process and Governance Outcome. Good Corporate Governance policies and practices at BRI refered to applicable regulations, issued by the Financial Services Authority, the Ministry of State-Owned Enterprises and other statutory provisions. BRI ensured that Good Corporate Governance practices at BRI comply with standards applicable in the industry at both national and international levels. BRI’s governance maturity level was demonstrated through internal measurements using the Governance maturity assessment method and also assessments from independent parties. In 2023, BRI received a number of recognitions regarding the implementation of governance from various rating agencies, including at the ASEAN level, BRI was named the Top 3 PLC (Public Listed Company) in Indonesia and ASEAN Asset Class by the ASEAN Capital Market Forum (ACMF). Meanwhile, at the PT Bank Rakyat Indonesia (Persero) Tbk. 2023 Annual Report 55 Report of The Board of Directors and Board of Commissioners
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