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2002 Annual Report
Good Corporate Governance
Considering the
impportance of the implementation of Good Corporate Governance
principles in developing sound capital market, since year of
2002, Bapepam together with other parties have been actively
involved in promoting the implementation of Good Corporate
Governance principles toward capital market participants. Active
participation in promoting the GCG principles in shown from the
involvement of Chairman of Bapepam and Head of Accounting and
Disclosure Standard in Good Corporate Governance National
Committee.
As an effort to
boost the implementation of Good Corporate Governance Principle,
in the draft of capital market law amendment, there is provision
which requires Issuers and Public Company to apppoint
independent Commissioner, independent director, audit committee
and corporate secretary. Even though this rule has not been
effective yet, most of the Issuers listed in the JSX have
already appointed Independent Commissioner and Audit Committee
as the JSX requires Issuer or Public Company listed in the JSX
to do so. Based on data as end of year 2002, there were 257
Issuers or Public Companies, which have appointed Audit
Committee, and 314 Issuers or Public Companies have appointed
Independent Commissioner.
Collaborating with
Directorate General of Taxation, The JSX, Finance and
Development Supervisory Agency and Good Corporate Governance National
Committee, Bapepam has conducted Annual Report Competition in
order to encourage the implementation of Good Corporate
Governance principles towards companies in Indonesia, not just
limited to Issuers or Public Companies. The winner that deserved
the Annual Report Award was PT Asuransi Bintang Tbk.
Table of Contents Bapepam Annual Report 2002
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