Good Corporate Governance
The benefits of GCG are not only for now, but also in the long term can be the main pillar supporting the growth and development of the Company as well as the winning pillar of the Era of Global Competition.
The importance of implementing GCG principles (Openness, Accountability, Responsibility, Independence, Fairness) in accordance with the provisions of the Articles of Association and applicable laws and regulations so that the Company is able to survive and be resilient in today's global business competition.
To improve its competitiveness, PT Krakatau Daya Listrik needs a tool that can increase competitiveness and trust in carrying out its business.
Consistent implementation of GCG principles is expected to increase added value for Shareholders in particular and other Stakeholders in general.
If various important principles and aspects of GCG are violated by a company, it is certain that the company will not be able to survive long in today's global business competition, even though the company has a conducive environment for business growth.
The collapse of these public companies was due to strategic failures or fraudulent practices of top management that went undetected for a long time due to the lack of independent supervision by the Corporate Board.