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Corporate Governance Overview

The Objective of Good Corporate Governance
Good Corporate Governance Principles

To establish a company that is trusted by stakeholders excels in performance, and grows sustainably, the implementation of the principles of Good Corporate Governance (GCG) in every business activity is highly necessary. By adhering to this commitment, PT Waskita Toll Road (“WTR”) consistently monitors and adopts the development of Good Corporate Governance practices applicable at the national, regional, and international levels that are relevant and aligned with its needs. This is part of WTR’s commitment to enhancing the establishment of a strong and independent entity.

To implement Good Corporate Governance, WTR applied Indonesian Regulations, such as Financial Service Authority (“OJK”) Number 21/POJK.04/2015 on Good Corporate Governance Guidance for Public Company. WTR is committed to implementing the Good Corporate Governance principles consistent with the objectives as follows:

  • Maximizing the core values of The Company by improving openness, accountability, trustworthiness, and responsibility principles.
  • Ensuring the governance is implemented professionally, transparently, and efficiently.
  • Be independent in policymaking in line with the roles and responsibilities of every management in the company.
  • Ensuring every employee in the Company acts according to the authority and responsibility that has been appointed.
  • Implementing business practices in line with the Good Corporate Governance principles.

Transparency refers to openness in disclosing the material and relevant information about the Company.


Accountability refers to the clarity of function, implementation, and accountability of each section of the organization and all the levels of the Organization, so the governance is carried out effectively.


The responsibility refers to the suitability of Corporate Governance with the applied regulations in Indonesia and the healthy corporate principles.


Independence refers to the conditions where The Company is managed professionally without conflicts of interest and influenced/pressured by any party not relevant to the applied regulations and the appropriate corporate principles.


Fairness refers to the equality in fulfilling the stakeholders’ rights based on the agreement or due to applicable regulations.