GCG Structure and Policy

The implementation of Good Corporate Governance is a must in order to create company resilience against various challenges and increase competitiveness in a highly competitive business world. The implementation of Good Corporate Governance also improves business quality, productivity and efficiency through the consistent application of the principles of Good Corporate Governance.

The realization of the company's commitments includes continuously improving the implementation of good governance in accordance with the applicable laws and regulations.

The guidelines used by the company to run its business properly are the criteria set out based on the Circular Letter of the Financial Services Authority (OJK) Number 32/SEOJK.04/2015 concerning Guidelines for the Governance of Public Companies and also refers to the General Guidelines for Indonesian Corporate Governance (PUGKI) 2021 published by the National Committee on Governing Policy on December 22, 2021, is also in accordance with the principles that are acceptable to business partners both domestically and internationally.

The principles of Good Corporate Governance, namely Transparency, Accountability, Responsibility, Independence, Fairness are applied in all dynamics of the company, from the highest ranks to the forefront of the company, especially in order to improve business partnerships with consumers, contractors, suppliers , creditors and responsibilities to shareholders, society and government.

Terregra has Governance Guidelines, namely: Corporate Governance Structures whose implementation of GCG is carried out jointly by all levels of the Company's organization as follows:

  1. Shareholders
  2. Board of Commissioners
  3. Directors
  4. Committee of the Board of Commissioners
  5. Audit Internal
  6. Corporate Secretary
  7. External Auditor
  8. Employees of the Company

Terregra aims to increase shareholder value through reduced costs as well as profitable and sustainable expansion of operations. The company strives to grow through solid expansion projects, strategic alliances, increasing the number of quality reserves and increasing added value through mineral processing activities.

As a renewable energy source-based company in Indonesia, Terregra supports government policy in achieving the National Industrial Development Vision 2035: "Becoming a Resilient Industrial Country". In 2020 Terregra prioritizes capital to support the Company's development projects. In addition, Terregra also made various innovations to support core business operations and review opportunities to partner with third parties.