Purpose of GCG Implementation

PT Arwana Citramulia Tbk realizes that GCG implementation is the best way to achieve the objectives of the Company. Therefore, the Company has always tried to keep the implementation of operational activities run in accordance with the legislation in force for the realization of good business ethics practices.

The implementation of Good Corporate Governance at Arwana aim to:

• Optimizing the value of the company, so that the Company has strong competitiveness
• Creating a balance of interests of all stakeholders of the Company corresponding values of the company
• Directing and controlling the working relationship Company Organ, among the General Meeting of Shareholders, the Board of Commissioners and Board of Directors
• Building a positive company image
• Directing the achievement of the Vision and Mission
• Increase the professionalism of human resources

Implementation of GCG

In the implementation of GCG, the Company has two organs that play a role so important, namely the Main Organ and Supporting Organ.

1. Main Organ

In accordance with the Continental legal systems adopted by Indonesia, the Main Organ Company consists of the General Meeting of Shareholders (AGM), the Board of Commissioners and Board of Directors. Major organs have a very important role in the implementation of Corporate Governance which is run collectively.

2. Supporting Organ

Supporting Organ consists of Committees under the supervision and responsibilities of the Board of Commissioners, Corporate Risk and Internal Audit (CRIA) and Corporate Secretary of the supervision and responsibilities are under the Board of Directors.

Road Map of GCG Implementation

GCG Guidelines

As a form of a shared commitment for the implementation of GCG, PT Arwana Citramulia Tbk has GCG guidelines have been distributed to all employees. This guide is the foundation for the Shareholders, Board of Commissioners, Directors and all employees related to corporate governance process in formulating policies that animates the Company's business practices without ignoring the laws and ethical values.

The books of GCG Guidelines consist of:

1. GCG General Guidelines

This handbook contains all the rules that will guide the implementation of GCG best practices, cultural values, Vision and Mission, as well as further descriptions of the principles of Good Corporate Governance in the policies and rules of procedure.

2. Directors and Commissioners Guidebook

This book contains about a series of formal structures and processes of the characteristics and essential activities of Board of Commissioners and Directors, as well as the amount of composition and roles and responsibilities.

3. Committee Charter

Revisiting the composition, charters and performance committee are one of the guidelines conducted by the Company in implementing GCG. By discussing Committee charters back, then through his authority, the Committee may be better prepared to face the challenges in the next year.

4. Management Control System

This system is applied so that the Company can set the standards that are easily identified and easy to follow throughout the Company. Management Control System applies to the behavior of the staff and managers of the Company relating to the accounting and financial lines.

5. Collective Labor of Agreement

The Company has published Collective Labour Agreement handbook as a source of information about employee performance assessment procedures, compensation and benefits, leave policies, and disciplinary procedures.

6. Code of Conduct

Code of Conduct is guidebooks in regulating code of ethics relationship between internal (employees) and external (shareholders, investors, customers, suppliers, government, society, and environment).