Our Journey
Vision, Mission & Corporate Value
Organization Structure
Board 
Board 
Awards & Certifications
Jababeka Power Plant
MM-2100 Power Plant
Babelan Power Plant
Supporting Organ 
Supporting Organ 
General Meeting 
Whistleblowing System
Environmental
Social
Governance
Shareholders Information
Publication
Financial Information
Press Release
IDX Announcement
Analyst CoverageCorporate Governance
Cikarang Listrindo is fully committed to the implementation of the best practice of Good Corporate Governance (GCG) principles in the entire company’s operational, consistently and continuously.
The Company believes that the implementation of the best practice of GCG principles will enhance confidence and provide added value to all stakeholders, which will ultimately ensure long-term sustainable business growth.
In order to improve the quality of GCG implementation, the Company have completed all necessary basic institutions, including: Code of Conduct, Code of GCG, Charter of the Board of Directors and Board of Commissioners, Communication Policy with Shareholders and Investors, Committees of the Board of Commissioners (BOC) and Directors (BOD) charter or guidelines as well as other policies to support GCG practices.
The Company also complete the overall GCG implementation guidelines with a governance structure.
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Articles of Association -
Code of Conduct -
Code of GCG -
Charter of BOD & BOC -
Sustainability Policy -
Communication Policy
Shareholders & Investors -
Audit Committee Charter -
NRC Guidelines -
Internal Audit Unit Charter -
Affiliated Transactions
and Conflict of Interest Guidelines -
Supplier/Contractor Diversity Policy -
Water Conservation Policy -
Sexual Harrasment on the Workplace Policy
Supporting Organ of BOC
In performing its oversight duties, the Board of Commissioners is assisted by the following two Committees:
The Audit Committee was established to assist the Board of Commissioners in fulfilling their duties to supervise issues related to the adequacy of reporting and disclosure of financial statements as well as to ensure the effectiveness of the internal control system and compliance with the principles of Good Corporate Governance. The Audit Committee were last amended through Decree of the Board of Commissioners No. 2020-XI/104/DIR dated November 18, 2020.
The Nomination and Remuneration was established to assist the Board of Commissioners in nominating the succession and remuneration of the Board of Directors. The Nomination and Remuneration Committee is a sub-organ of the Board of Commissioners whose main task is to assist the effectiveness of the supervisory function carried out by the Board of Commissioners on the duties of the Board of Directors in managing the Company. The Nomination and Remuneration Committee were last amended through Decree of the Board of Commissioners No. 2023-II/022/DIR dated February 23, 2023.
Supporting Organ of BOD
The Corporate Secretary possesses an important role in carrying out the Company’s mission to support the creation of a good corporate image by managing an effective communication program to all stakeholders. The Corporate Secretary directly reports to the President Director to maintain a smooth relationship between the Company and its stakeholders, i.e. government, shareholders and the surrounding communities.
The Company, being listed in Indonesia Stock Exchange and issued bonds on the Singapore Exchange, since 2016 and 2010 respectively, has an obligation to disclose open, full and fair information to shareholders and other stakeholders openly and fairly. The Investor Relations function is responsible to the Corporate Secretary and Finance Director in building a positive public image and ensuring transparency of the Company’s information to the public.
Internal Audit Unit is a part of the Company’s internal control, which broadly aims to help management realizing its goals through adequate checking to the implementation of internal control, risk management and corporate governance processes. The Company has established an Internal Audit Unit in accordance with OJK Regulation No. 56/POJK.04/2015 concerning the Establishment and Guidelines for the Preparation of the Internal Audit Unit Charter and the Securities Exchange Registration Regulations.
The Internal Audit Unit is led by Andriyono Adi Nugroho based on the Decree of the Board of Directors No. 2018-IV/007/DIR on July 1, 2018.
In order to carry out risk control effectively and optimally, the Company has established a Risk Management Committee and a Risk Management Unit which begin their duties in 2022.
The Risk Management Unit, which continues the duties of Risk Management Team, is responsible for carrying out operational functions throughout the Company's risk management processes. The Risk Management Unit is tasked to build a comprehensive process for identifying, measuring, monitoring and controlling risks as well as submit reports on risk levels and build a reliable internal control system. The Risk Management Unit, which is under the Compliance, Legal & Risk Department, is also tasked to build a risk management culture and disseminate this culture to all levels within the Company.
The Risk Management Committee, led by Vice President Directors, is responsible for reviewing the implementation of risk management as well as providing direction and approval of the work plan proposed by Risk Management Unit. Members of Risk Management Committee, including Internal Audit function, will report significant corporate risks to the Company's Board of Commissioners.
The Risk Management Committee members are appointed through Decree of the Board of Directors No. 2022-XII/136/DIR on December 1, 2022 for the period starting from January 1, 2023.
The Company established an Environmental Sustainability Committee to increase the function of the Environmental Sustainability Team established in 2020. The committee assists management of the Company in developing, overseeing, and evaluating the implementation of environmental sustainability initiatives within the Company. It aims to ensure the implementation of sustainability-related work programs by all departments as well as improve the Company's performance, ensure compliance with relevant regulations, and effectively minimize and manage sustainability risks while working towards the achievement of Sustainable Development Goals
The Environmental Sustainability Commitee were appointed through the Decree of the Board of Directors No. 2023-XI/088/DIR on November 9, 2023, for the period of November 9, 2023 until December 9, 2026.
In carrying out the social responsibility initiatives to the society, the Company established a Corporate Social Responsibility (CSR) Committee and CSR Unit
he committee assists management of the Company in monitoring and evaluating the implementation of corporate social responsibility programs. It aims to strike a balance in the Company’s business activities between attaining profitability (profit), contributing to society (people), and safeguarding the environment (planet). The CSR Unit, under the Department of Risk & Corporate Communication, is responsible for coordinating the tasks of CSR Team, which serves as the executor of the social responsibility activities. The CSR Unit is also accountable for the execution as well as providing regular updates to the CSR Committee.
Members of the CSR Committee are appointed by the Board of Directors through Decree of the Board of Directors No. 2023-XI/087/DIR dated November 30, 2023, for the period of December 1, 2023 until November 30, 2026.
The GCG Compliance and Ethics Team is established to assist the supervisory duties of the Board of Commissioners and Board of Directors in monitoring and ensuring the implementation of GCG and ethics in all of the Company’s operational activities.
The GCG Compliance and Ethics Team were last appointed through Decree of the Board of Directors No. 2023-XI/086/DIR dated December 3, 2023, for the period of December 3, 2023 until December 3, 2026.
