Corporate Governance
We endeavor to grow trust in our company by encouraging integrity at every level.
Organization Structure
Business Trade License
-
Business Trade License
KEP-236/PM/1992 date 2 Mei 1992 -
Business License in the field of Brokers - Securities Traders
KEP-237/PM/1992 date 2 Mei 1992
Governance
GOOD CORPORATE GOVERNANCE
Good corporate governance is the foundation by which we build our transparent and healthy business activities. We seek to ensure that our implementation of corporate governance complies with capital market guidelines regulated by various institutions that monitor such activities. As a Securities Company we are a Financial Service Institution, and as such we support the existence of the Indonesian capital market industry, particularly in developing trading, services and new products. Securities companies also influence flows of funds and information, support the stock exchange system (and activities that are part of the capital market and individual business units), and increase investment activities in the capital market to support the national economy. For these reasons, good governance is needed that is based on principles that can enhance the role of securities companies in the Indonesian financial industry. Furthermore, it is through good corporate governance that securities companies can grow sustainably and survive in times of crisis.
Corporate Governance Objectives
We understand that the application of good corporate governance (GCG) is absolutely essential in order to maintain the long-term sustainability of our business and maximize the value of Sucor Sekuritas. We apply our governance so that it may:
Good corporate governance is the foundation by which we build our transparent and healthy business activities. We seek to ensure that our implementation of corporate governance complies with capital market guidelines regulated by various institutions that monitor such activities. As a Securities Company we are a Financial Service Institution, and as such we support the existence of the Indonesian capital market industry, particularly in developing trading, services and new products. Securities companies also influence flows of funds and information, support the stock exchange system (and activities that are part of the capital market and individual business units), and increase investment activities in the capital market to support the national economy. For these reasons, good governance is needed that is based on principles that can enhance the role of securities companies in the Indonesian financial industry. Furthermore, it is through good corporate governance that securities companies can grow sustainably and survive in times of crisis.
Corporate Governance Objectives
We understand that the application of good corporate governance (GCG) is absolutely essential in order to maintain the long-term sustainability of our business and maximize the value of Sucor Sekuritas. We apply our governance so that it may:
- Support the vision and mission of Sucor Sekuritas.
- Benefit shareholders/stockholders by providing added value.
- Maintain and increase healthy business and competitiveness in a long term perspective.
- Increase trust in investment and the role of securities companies in the Indonesian Financial Industry.
Work Guideliness
Work Guidelines for Directors and the Board of Commissioners
The general duties and responsibilities of the Directors include, among other duties:
The general duties and responsibilities of the Directors include, among other duties:
- To lead, direct and be responsible for the company management (for the interests of the Company) in accordance with the aims and objectives set forth in the articles of association;
- To implement strategies, plans and work budgets which are approved, run company operations well, effectively run internal control systems and risk management along with their responsibilities, and receive approval from the board of commissioners;
- To implement the annual work plan that has been approved;
- To control, maintain and manage the Company's assets.
- Overseeing and advising the Board of Directors on management policies and general management procedures of the company;
- Directing, monitoring and evaluating the company's policy implementation strategy;
- Ensuring the implementation of the principles of corporate governance, and compliance with laws and regulations in every business activity of the company within all levels of our organization;
- Monitor and evaluate the performance of the directors;
- Oversee all business processes and company plans as well as work plans.
Functions and Responsibilities
Functions and Responsibilities of Risk Management and Compliance
The objectives from the guidelines of Risk Management and Corporate Compliance generally include, among other matters:
The objectives from the guidelines of Risk Management and Corporate Compliance generally include, among other matters:
- To fulfill and implement the laws, regulations and provisions stipulated and issued by the OJK (Otoritas Jasa Keuangan, or Financial Services Authority, which regulates the capital market), government regulations that are related, as well as regulations from the Self Regulatory Organization (SRO) which consist of: PT. Bursa Efek Indonesia (BEI, or the Indonesian Stock Exchange (IDX)), PT Kliring Penjaminan Efek Indonesia (KPEI, or the Indonesia Clearing and Guarantee Corporation) and PT. Kustodian Sentral Efek Indonesia (KSEI, or the Indonesian Central Securities Depository (KSEI).
-
To implement risk management and compliance in a comprehensive and effective manner that covers the following matters:
- The supervision of directors in charge of risk management and compliance functions. In running company business activities, Risk Management and Compliance is an important function for preventing the occurrence of risk in running business activities pertaining to finance. Compliance work units are independent and are not affected by other work teams and interests that may interfere with company business activities. The main function in performing such duties and responsibilities is to review the policies and procedures created by the company using the aforementioned policies and procedures appropriately in accordance with laws and regulations that are in applicable in Indonesia.
-
Determining Policies and Procedures
The application of effective policies and procedures must be supported by making such policies and procedures transparent and unambiguous, with attention being given to the level of risk compared with the company’s risk tolerance.
