Indonesia
Bumi Resources Logo
  • About us
    • Vision & Mission
    • Our Philosophy
    • Milestones
    • Ownership Structure
    • Shareholder Structure
    • Subsidiaries +

      Kaltim Prima Coal Arutmin Indonesia Gallo Oil Pendopo Energi Batubara Bumi Resources Minerals
    • Management +

      BOC BOD View The Organization Report From President Commissioner Report From President Director
    • Supporting Profession
    • AOA
    • Investment Policy
    • Dividend Policy
    • Contact Us
  • Investor Relations
    • Financial Statements
    • Annual Reports
    • Stock Performance & Analysis
    • Corporate Action
    • Credit & Analyst Report
  • Governance
    • Committees
    • Corporate Secretary
    • Supporting Documents
    • Speak Up
  • Business Info
    • Operation Map
    • Our Customers
    • Coal Quality
    • Reserves & Resources
  • Sustainability
    • Policy
    • Sustainability Reports
    • Human Resource Development
    • Community Development
    • Environment Preservation
    • Our Occupational Safety And Health
  • Media
    • UPCOMING AGM
    • Upcoming Public Expose
    • Announcement
    • Company's Disclosure Information
    • Slideshows
    • Presentations
    • News & Press Release
Bumi Resources Logo
  • About us+

    • Vision & Mission
    • Our Philosophy
    • Milestones
    • Ownership Structure
    • Shareholder Structure
    • Subsidiaries +

      Kaltim Prima Coal Arutmin Indonesia Gallo Oil Pendopo Energi Batubara Bumi Resources Minerals
    • Management +

      BOC BOD View The Organization Report From President Commissioner Report From President Director
    • Supporting Profession
    • AOA
    • Investment Policy
    • Dividend Policy
    • Contact Us
  • Investor Relations+

    • Financial Statements
    • Annual Reports
    • Stock Performance & Analysis
    • Corporate Action
    • Credit & Analyst Report
  • Governance+

    • Committees
    • Corporate Secretary
    • Supporting Documents
    • Speak Up
  • Business Info+

    • Operation Map
    • Our Customers
    • Coal Quality
    • Reserves & Resources
  • Sustainability+

    • Policy
    • Sustainability Reports
    • Human Resource Development
    • Community Development
    • Environment Preservation
    • Our Occupational Safety And Health
  • Media+

    • UPCOMING AGM
    • Upcoming Public Expose
    • Announcement
    • Company's Disclosure Information
    • Slideshows
    • Presentations
    • News & Press Release
Governance

Overview of GCG Implementation, Core Values, Committees, Supporting Documents, and Speak Up System

Governance

Overview

BUMI recognizes the importance of implementing Good Corporate Governance (GCG) within the Company to gain investor confidence to increase the long-term value of shareholders and other stakeholders. BUMI is required to implement GCG principles in its business activities that are transparency, accountability, responsibility, independence, and fairness. Therefore, BUMI's Board of Commissioners and Board of Directors have ensured the adequacy of GCG practice in the Company and all applicable laws and regulations regarding GCG have been met. BUMI adheres strictly to Indonesian regulation in the design and implementation of its governance processes while recognizing the importance of meeting international governance standards for the benefit of international investors and shareholders.
 
The following list comprises the main regulatory framework for governance followed by BUMI and its subsidiaries:

  • POJK No. 21 / POJK.04 / 2015 dated 17 November 2015 regarding the Implementation of Corporate Governance Guidelines for Public Company.
  • OJK’s Circular Letter no. 32 / SEOJK.04 / 2015 dated 16 November 2015 regarding Corporate Governance Guidelines for Public Company.
  • Indonesian Best Practices – The Code for Good Corporate Governance composed by the National Committee for Corporate Governance.
  • ASEAN Corporate Governance Scorecard.
  • OECD (Organization for Economic Co-operation and Development) Principles of Corporate Governance
Governance

Objectives of GCG Implementation

Good Corporate Governance sets the relationship between shareholders, Board of Commissioners and Board of Directors, and all the stakeholders. The purposes of Good Corporate Governance for the Company are to:

  • To maximize corporate and shareholder value by enhancing transparency, accountability, responsibility, independence, and fairness in order to strengthen BUMI’s competitive position both domestically and internationally and to create a sound environment to
    support investment.
  • To encourage the management of BUMI to behave in a professional, transparent and efficient manner as well as optimizing the use of and enhancing the independence of the Board of Commissioners, the Board of Directors, and the general meeting of shareholders.
  • To encourage shareholders, members of the Board of Commissioners and the Board of Directors to make decisions and to act with a strict sense of morality in compliance with their social responsibility towards the various stakeholders and the protection of the environment.

BUMI adhering to the five principles of Good Corporate Governance: Transparency, Accountability, Responsibility, Independence and Fairness are essential in each of these objectives.

Governance

Stages of GCG Implementation in BUMI

Implementation of GCG in BUMI is a top-down approach. The Board of Commissioners, the Board of Directors and shareholders are committed to implementing the best corporate governance practices (GCG). Therefore, through the Decree of the Board of Commissioners and Board of Directors No. 739 / BRBOD/ IX / 06 dated September 20, 2006, the Board of Commissioners and Board of Directors introduced the GCG BUMI policy through a document entitled “They Way We Are Expected To Work” and other GCG related policies such as the issuance of the Board Manual, Code of Conduct, the establishment of supporting organs of GCG implementation such as Corporate Secretary, Audit Committee, Remuneration and Nomination Committee, Risk Management Committee, Internal Audit, CSR.

The organizational structure of BUMI clearly lays out the duties and responsibilities of each person and the system of accountability of each function. GCG policies and other policies and procedures are communicated to all levels of the Board, management, and employees and serve as guidance for Commissioners, Directors, Managers, employees at all levels in BUMI as well as in business units. The commitment to implement GCG requires not only policymaking but also resources, both human and material resources. Therefore, BUMI hired people to fill the required positions.

The implementation of GCG is an interactive process in BUMI where all the organs and elements in BUMI must participate in it including the implementation of the concept of reward and punishment through the Speak Up System (whistleblower system).

Periodically, Internal Audit as well as independent parties including potential investors and creditors review the implementation of GCG in BUMI and provide recommendations for improvement.
Governance

BUMI Core Values

BUMI’s core values are:

  • Integrity
  • Excellence
  • Professionalism
  • Safety and environment

BUMI’s mission is to secure and operate sustainable energy and mining businesses and compete aggressively but fairly in response to global competition to increase return on investment to shareholders, improve the welfare of employees, enhance public prosperity in the surrounding areas of the operating sites and promote environmental sustainability at all surrounding areas of the operating sites. To accomplish our mission, our core values that are integrity, excellence, professionalism and safety, and environment are critical to the success of our business as described in the following chart.

Governance

BOC COMMITTEES

Bumi Audit Committee

The Audit Committee consists of a Commissioner appointed as Chairman.

Currently, the following persons are serving on the committee:

  • Anton Setianto - Chairman
  • Mulyadi - Member, Independent Party
  • Myrnie Zachraini - Member, Independent Party
  • Kanaka Puradiredja - Member

Remuneration & Nomination Committee

Remuneration and Nomination Committee established to provide an independent opinion in order to ensure that remuneration and nomination processes of the member of the Board of Commissioners and Directors are in accordance with GCG practices.

Currently, the following persons are serving on the committee:

  • Bpk. Anton Setianto – chairman
  • Bpk. Didik Cahyanto – member
  • Bpk. Mahmud – member
Governance

BOD COMMITTEES

Code of Conduct Committee

Board of Directors formed the Code of Conduct Committee to ensure that BUMI’s Code of Conduct is implemented adequately and the Speak Up System operates effectively.

Currently, the following persons are serving on the committee:

  • Head of Division Human Resources PT Bumi Resources Tbk. (Chairman)
  • Head of Division Human Resources of other BUMI's business unit (Member)

Human Resources Committee

The Human Resources Committee was established to enhance the effectiveness of the organization in terms of its human resources function. The committee is expected to proactively provide recommendations to the Board of Directors regarding human resources policies and its implementation progress.

Currently, the following persons are serving on the committee:

  • Human Resources Director, PT Bumi Resources Tbk. – chairman.
  • Chief Financial Officer, PT Bumi Resources Tbk. – Member.
  • Chief Operating Officer, PT Kaltim Prima Coal – Member.
  • Chief Operating Officer, PT Arutmin Indonesia – Member.
  • Head Division HR & GA, PT Bumi Resources Tbk. – Member.

Information Technology Steering Committee (IT Steering)

IT Steering Committee was established to ensure the alignment of information technology initiatives and the business objectives at the highest level of the organization to deliver value to business oversee risk management and oversee performance management.

Currently, the following persons are serving on the committee:

  • Andrew C. Beckham (Chairman).
  • Dharyanto Effendi (Vice-Chairman).
  • R.A Sri Dharmayanti (Member).
  • Ido Hutabarat (Member).
  • Saptari Hoedaja (Member).
  • Muhammad Rudy (Member).
  • Sudirman Widhy (Member).
  • Ashok Mitra (Member).
  • Sanjay K. Jain (Member).
Governance

Audit Committee Profile

Anton Setianto Soedarsono

Chairman of the Audit Committee
An Indonesian citizen, he was born in Bandung on 22 November 1940. He graduated from Yokohama National University, Japan in 1966.
 
Anton Setianto Soedarsono serves as the Company’s Commissioner since 2009.
 
He began his career with Pertamina in 1966-1981. In the last 5 years of his tenure at Pertamina, he served as Bureau Head of the Foreign/Export Marketing for Crude Oil and Petroleum Products. After his duty in Pertamina, he became an independent consultant for international crude oil and petroleum products trading companies. He initiated and successfully implemented the first-ever Pertamina (Indonesia) selling crude oil for export at a premium price against the strict policy of and strict guidance by OPEC.
 
In 1985, he joined Unocal Indonesia at Jakarta Head Office. Unocal Indonesia was then one of the top oil and gas producers in Indonesia and a Multinational US Oil Company. During 10 years of his career had made a significant contribution to the success of Unocal Indonesia Operation. He attended several oil industry conferences in the US, the United Kingdom, and Singapore. He was the first Indonesian to be appointed at Vice President position at Unocal Indonesia with a dual position as VP Commercial Affairs and VP Government Relations. In 1994-1998, he was CEO and President Director of Bakrie Investindo and Vice President Commissioner of PT Bakrie Capital Indonesia in 1998-1999

Mulyadi

Member of the Audit Committee
Independent Parties
An Indonesian citizen, born in Wonogiri on April 22, 1947. He obtained a Bachelor’s degree in Accounting from the Faculty of Economics and Business, Gadjah Mada University in 1971 and a Master of Science in Management and Administrative Sciences from the University of Texas at Dallas, the USA in 1983.
 
Mulyadi was appointed as a member of Audit Committee of PT Bumi Resources Tbk since 1 April 2012. Currently, he is also a partner in Public Accounting Firm S. Mannan, Ardiansyah and Partners since 2000 and Board member of Qualified Internal Auditor Certification since 2004. Prior to joining PT Bumi Resources Tbk, he has 35 years of experience in management consultancy.

Myrnie Zachraini

Member of the Audit Committee
Independent Parties

An Indonesian citizen, born in Bogor on 27 May 1963. She graduated from the Faculty of Economics, University of Indonesia, Jakarta, majoring in accounting and has a Master in Business Law, from the University of Padjadjaran, Bandung.

Myrnie Zachraini was appointed as a member of Audit Committee of PT Bumi Resources Tbk since 1 April 2012. She has 20 years experience in the Public Accounting Firm PricewaterhouseCoopers Indonesia. She is a member of Institut Akuntan Indonesia and a Board Member of Indonesian Audit Committee Association.

Kanaka Poeradiredja

Member of the Audit Committee
An Indonesian citizen, born in Bandung on December 8, 1944. He holds a Bachelor degree in economics majoring in accounting from Padjadjaran University, Bandung (1971). He is Chartered Member at LKDI, Chartered Accountant, as well as certified Risk Management Professional and Practitioner of Audit Committee.
 
Kanaka Poeradiredja serves as Commissioner of the Company since 2017.
 
He currently serves as chairman of Certification Board of Indonesia Audit Committee Institute (since August 2016), Member of National Committee for Corporate Governance Policy (KNKG) (since October 2016), Member of Honorary Board of Association of Risk Management Professionals (PRIMA), Chairman of Executive Board of Indonesian Institute of Commissioners and Directors (LKDI) and Chairman of Team of Formulation of National Governance Policy.
 
He is the founder of Public Accountant Office Kanaka Puradiredja & Suhartono and served as Senior Partner (2000-2007). He is also one of the founders of KPMG Indonesia with the last position as Chairman (1999). He had served as Chairman of the Honorary Board of the Indonesian Institute of Accountants (2002-2010) and Chairman of the Honorary Board of the Indonesian Audit Committee (until 2016).
 
In 2005, he served as Chairman and member of the Audit Committee until 2011.
 
And on November 14, 2017, he was reappointed as a member of the Audit Committee of the Company.
Governance

CORPORATE SECRETARY

Dileep Srivastava

Independent Director & Corporate Secretary

The Corporate Secretary has a role as an intermediary between the Company and its shareholders, Financial Services Authority and other stakeholders.

At the Company, the functions of Corporate Secretary are carried out by an exclusive work unit led by Dileep Srivastava as the Person-in-Charge (PIC). 

Bapak Dileep Srivastava has served as Corporate Secretary since 2007 by virtue of the Company’s Decision Letter No. 895A/BR-BOD/IX/07 of 21 September 2007, with a term of office effective until such time as a new appointment letter is issued by the Company.

Supporting Documents

BOARD MANUALS

Board Manuals Version 4.1

Download
Policies

RISK MANAGEMENT

Enterprise Risk Management System

Download
Policies

PROCUREMENT

Decision Letter of BOD No. 1082 Procurement System Version 1.0

Download
Supporting Documents

CODE OF CONDUCT

Code of Conduct Version 4.0

Download
SUPPORTING DOCUMENTS

ESG Committee Charter & Members of ESG

Download

Strategic Plan for Hazardous Waste Reduction and Utilization Program

Download

Strategic Plan for Energy Efficiency

Download

Strategic Plan for Water Efficiency and Water Pollution Reduction Program

Download

Strategic Plan for Biodiversity Protection

Download

Strategic Plan for Air Pollution Reduction Program

Download

IT Security

Download

ENVIRONMENTAL AND SOCIAL ACTION PLAN - ARUTMIN INDONESIA

Download

ENVIRONMENTAL AND SOCIAL DUE DILIGENCE - ARUTMIN INDONESIA

Download

ENVIRONMENTAL AND SOCIAL ASSESSMENT - KPC

Download

Government Regulation No. 1 of 2019

Download

Article of Association No132 2018

Download

Anggaran Dasar No 132 2018

Download

Members of Nomination and Remuneration Committee BUMI

Download

Nomination and Remuneration Committee Charter BUMI

Download

Risk Management Committee Charter

Download

Memo Establishment - Risk Management Committee

Download

Sustainability Highlights

Download

Surat Pengangkatan Sekretaris Perusahaan

Download

Circular Resolutions in Lieu of a Meeting of the Board of Commissioners of PT Bumi Resourcces TBK

Download

Internal Audit Charter PT Bumi Resourcces TBK

Download

Audit Committee Charter BUMI 2018

Download

Corporate Governance Report

Download

1241 - Disclosure of Company Information to Regulator and Public-PP

Download

Piagam Komite Audit BUMI 2018

Download

Creditor's Right Policy

Download

Sirkular BOC ttg Penunjukkan Ketua Komite Audit Bumi

Download

IT Policy

Download

Memo - IT Steering Committee Charter

Download

Piagam Komite Audit 2015

Download

gcg bahasa versi 2.0 2008

Download

gcg english versi 2.0 2008

Download
ANNUAL REPORT AWARDS

Annual Report Award Certificate 2011

Download

Annual Report Award Certificate 2013

Download

BUMI 2010 Annual Report Assesment Result

Download

Annual Report Award 2005 2006 2008

Download
ASEAN CORPORATE GOVERNANCE SCORECARD

A. Rights of Shareholders

Download

B. Equitable Treatment of Shareholders

Download

C. Role of Stakeholders

Download

D. Disclosure and Transparency

Download

E. Responsibilities of the Board

Download
SPEAK UP

SPEAK UP SYSTEM

  • Whistleblowing System of PT Bumi Resources Tbk.
  • Phone: +62812 128 BUMI (+62812 128 2864)
  • e-mail: speakup@bumiresources.com
Sign In

SPEAK UP

FREQUENTLY ASKED QUESTIONS

Not all cases of the violation to the Code of Conduct need to be reported to the Speak Up System. In the first instances, when you have a concern of the violation to the Code of Conduct, you should raise your concern with your supervisor or manager, then your supervisor or manager will escalate the issue to the relevant department/division. However, if this is unsuccessful or you are too uncomfortable, you are encouraged to report to the Speak Up System.

In the Code of Conduct, Speak Up System means a procedure that should be followed by all BUMI and its subsidiaries employees, management, Directors, Commissioners, and related parties to report violations/breaches of the Code of Conduct.

You can report to the Speak Up System by:
• Calling or sending a WhatsApp or SMS to the phone number 0812 128 BUMI (0812 128 2864)
• Completing and sending the Speak Up System Report Form that can be
obtained at each business units or from the website www.bumiresources.com to the following email address: speakup@bumiresources.com.
 
Yes. Third parties can also report violations/breaches of the Code of Conduct to the Speak Up System.
Yes. BUMI commits to protect any employee that honestly raise ethical concerns and will maintain confidentiality. All reports to the Speak Up System will be administered by a third party. If you wish to remain anonymous, when you report a Code of Conduct violation to the Speak Up System, a report reference number in code form will be provided to enable follow up communications.
 
If you have a reasonable basis for believing that a decision or action is inconsistent with BUMI’s Code of Conduct, you should raise the issue. If you do, even if your concern is not supported, there will be no action taken against you. However, if anyone knowingly provides false information, the Company will take disciplinary action.
If you have been involved in activities that violate Code of Conduct, you will be appropriately disciplined, but you will also be given full credit for disclosing the violation voluntarily. Consequences are likely to be worse for you if the Company learns of the violation in some other way.
 

SPEAK UP

POLICY

  • About us+

    • Vision & Mission
    • Our Philosophy
    • Milestones
    • Ownership Structure
    • Shareholder Structure
    • Subsidiaries +

      Kaltim Prima Coal Arutmin Indonesia Gallo Oil Pendopo Energi Batubara Bumi Resources Minerals
    • Management +

      BOC BOD View The Organization Report From President Commissioner Report From President Director
    • Supporting Profession
    • AOA
    • Investment Policy
    • Dividend Policy
    • Contact Us
  • Investor Relations+

    • Financial Statements
    • Annual Reports
    • Stock Performance & Analysis
    • Corporate Action
    • Credit & Analyst Report
  • Governance+

    • Committees
    • Corporate Secretary
    • Supporting Documents
    • Speak Up
  • Business Info+

    • Operation Map
    • Our Customers
    • Coal Quality
    • Reserves & Resources
  • Sustainability+

    • Policy
    • Sustainability Reports
    • Human Resource Development
    • Community Development
    • Environment Preservation
    • Our Occupational Safety And Health
  • Media+

    • UPCOMING AGM
    • Upcoming Public Expose
    • Announcement
    • Company's Disclosure Information
    • Slideshows
    • Presentations
    • News & Press Release
  • Career+

    • Why You Join Us?
    • Job Vacancy Bumi Group
    • Internship Program
    • Recruitment Flowchart
    • Warning Fake Vacancy
  • About us

  • Vision & Mission
  • Our Philosophy
  • Milestones
  • Ownership Structure
  • Shareholder Structure
  • Subsidiaries +

    Kaltim Prima Coal Arutmin Indonesia Gallo Oil Pendopo Energi Batubara Bumi Resources Minerals
  • Management +

    BOC BOD View The Organization Report From President Commissioner Report From President Director
  • Supporting Profession
  • AOA
  • Investment Policy
  • Dividend Policy
  • Contact Us
  • Investor Relations

  • Financial Statements
  • Annual Reports
  • Stock Performance & Analysis
  • Corporate Action
  • Credit & Analyst Report
  • Governance

  • Committees
  • Corporate Secretary
  • Supporting Documents
  • Speak Up
  • Business Info

  • Operation Map
  • Our Customers
  • Coal Quality
  • Reserves & Resources
  • Sustainability

  • Policy
  • Sustainability Reports
  • Human Resource Development
  • Community Development
  • Environment Preservation
  • Our Occupational Safety And Health
  • Media

  • UPCOMING AGM
  • Upcoming Public Expose
  • Announcement
  • Company's Disclosure Information
  • Slideshows
  • Presentations
  • News & Press Release
  • Career

  • Why You Join Us?
  • Job Vacancy Bumi Group
  • Internship Program
  • Recruitment Flowchart
  • Warning Fake Vacancy

PT. BUMI RESOURCES Tbk.

Bakrie Tower Lt. 12
Komplek Rasuna Epicentrum
Jl. H. R. Rasuna Said
Karet Kuningan, Setiabudi
DKI Jakarta 12940

Telp: (021) 5794 2080 Fax: (021) 5794 2070

©2023 PT. BUMI RESOURCES Tbk.

Please Wait. . . .

Load More

Please Wait. . .