**IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE**
Good Corporate Governance is an important aspect of maintaining the confidence and trust of our investors and other stakeholders. As one of Indonesia's largest businesses, the Company is committed to operating in a legal, ethical and transparent manner across all areas of operations.
The practice of Good Corporate Governance is overseen by the Board of Commissioners and monitored by the Audit Committee. The Board of Commissioners works closely with the Directors to ensure that the prescribed disciplines are understood, adopted and complied with at all times.
The Directors constantly monitor all aspects of the business and apply a rigorous corporate code of ethics to ensure employees at all levels comply with the policies set by management and regulations stipulated by the regulatory authorities.
Regular meetings between the Directors and Board of Commissioners were held during the year to discuss the Company's business activities and for the Commissioners to provide advice and guidance in relation to the Company's challenges and opportunities. During the year, there were three Joint Meetings of the Board of Commissioners and Directors and 12 Meetings of the Directors.