GOOD CORPORATE GOVERNANCE

Shareholders & General Meetings (GMS)

  1. Shareholders’ Rights Policy The Company recognizes and protects the rights of shareholders in accordance with applicable laws, regulations, and the Articles of Association. Shareholders are entitled to attend and vote at the General Meeting of Shareholders (GMS), to obtain relevant and material information regarding the Company, and to receive fair treatment in exercising their rights. The Company ensures that shareholders are provided with timely, accurate, and transparent information to support informed decision-making.
  2. GMS Procedures The General Meeting of Shareholders is convened and conducted in accordance with prevailing regulations and the Company’s Articles of Association. The Company ensures that the GMS is properly convened through official notices, conducted in a transparent and orderly manner, and allows shareholders to exercise their rights effectively. The results of the GMS are documented and communicated to shareholders and relevant stakeholders in accordance with applicable provisions.
  3. GMS Summary & Resolutions In 2024, PT Jakarta International Container Terminal (JICT) held two (2) General Meetings of Shareholders. The meetings discussed and resolved key corporate matters, including the approval of the Company’s budget for fiscal year 2024 and the review of the Company’s performance report as of 31 December 2023. All resolutions were adopted in accordance with applicable regulations and the Company’s governance framework

Governance Reports & Assessments

The implementation of Good Corporate Governance (GCG) at PT Jakarta International Container Terminal (JICT) in 2020 was assessed based on the GCG Assessment Framework developed by the Ministry of State-Owned Enterprises of the Republic of Indonesia. The assessment covered the Company’s governance practices for the fiscal year period from 1 January to 31 December 2020 and formed part of JICT’s ongoing implementation of GCG. The GCG assessment was conducted through document reviews, distribution of questionnaires, and interviews with Shareholders, the Board of Commissioners, the Board of Directors, and officials one level below the Board of Directors. Methodologically, the assessment referred to the Regulation of the Minister of State-Owned Enterprises No. PER-01/MBU/2011 and the Decree of the Secretary of the Ministry of State-Owned Enterprises No. SK 16/S.MBU/2012, covering six main aspects of GCG. Based on the assessment results, the implementation of GCG at PT JICT in 2020 achieved a total score of 80.944, or 80.944%, placing JICT in the “Good” classification. The ACGS Self-Assessment reflects PT Jakarta International Container Terminal (JICT)’s ongoing efforts to enhance the implementation of Good Corporate Governance by aligning the Company’s policies, practices, and disclosures with the principles of the ASEAN Corporate Governance Scorecard (ACGS). As part of its continuous governance improvement, JICT has begun conducting GCG assessments based on the ACGS principles to identify strengths and areas for improvement, supporting sustainable governance practices and long-term corporate performance. The implementation of Good Corporate Governance (GCG) at PT Jakarta International Container Terminal (JICT) serves as the foundation for supporting the Company’s social responsibility and sustainability initiatives. GCG principles are applied to ensure that operational activities are carried out responsibly, ethically, and sustainably, with due regard to the environment and surrounding communities. ? Further information on JICT’s sustainability commitment is available on the Corporate Social Responsibility (CSR) page.