GCG Structure and Policy

The company's success in running a business in 2022 is believed to be due to the commitment of all Terregra people to improve Good Corporate Governance (GCG) practices. The realization of the company's commitment includes continuously improving the implementation of good governance in accordance with applicable laws and regulations. The parameters used by Terregra to run a business properly are the criteria set based on the Circular Letter of the Financial Services Authority Number 32 / SEOJK.04 / 2015 concerning Guidelines for Managing Public Companies and parameters of the Tara Guidelines for Managing Public Companies issued by the Financial Services Authority (OJK) in 2015.

Terregra is one of the New and Renewable Energy (EBT) companies in Indonesia that carries out enormous duties and responsibilities. The trust of the public and shareholders must always be a priority and maintained. Synergy between employees is very important in order to create an effective work process and maintain the reputation and performance of the company that has been built so far. Tara manages a good company playing an important role in building these synergies. The Company has established a Tara Kelola Guidelines that governs the role and governance of each organ of the Company. Healthy and responsible management of the company is Terregra's main effort to achieve long-term business continuity. The company supports the dynamic implementation of GCG. Coupled with the implementation of the values of professionalism, transparency and efficiency, Terregra believes that the implementation of GCG can provide added value for stakeholders.

Consistently, Terregra always embodies its commitment to ensure the trust of shareholders and other stakeholders. To realize this, the company has consistently implemented a Good Company Management Commission. In its implementation, the application of the principles of good corporate governance will create a good process and structure in decision making. This strategic step of the company was carried out to increase investor confidence and build good relations between the company and stakeholders. The implementation of a good Tara Kelola Perusahaan has been carried out by the company, by implementing the principles of Tara Kelola Perusahaan in accordance with those in the General Guidelines of Corporate Governance Indonesia issued by the National Committee on Governance Policies such as Transparency, Accountability, Responsibility, Independency, Fairness.

Terregra has Tara Kelola Guidelines, namely: Tara Kelola Perusahaan structure whose GCG implementation is carried out jointly by all levels of the Company's organization as follows:

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

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 amount of quality reserves and increasing added value through mineral processing activities.

As a company based on renewable energy sources in Indonesia, Terregra supports the Government's Policy in achieving the National Industrial Development Vision 2035: "Becoming a Resilient Industrial Country".

The implementation of GCG for Teregra is one of the important indicators for Shareholders to assess the Company's performance and believe that the Company has been managed properly and appropriately and is believed to be able to protect the interests of Shareholders. Terregra is fully committed to implementing GCG principles as a foundation in creating sustainable added value for the benefit of shareholders, the community and other stakeholders.