Head Office

  • +62-21 - 7983666
  • customer.service@sucofindo.co.id
  • Jl. Raya Pasar Minggu Kav. 34, Jakarta, Indonesia 12780

GCG Principles


Transparency is openness in performing decision making process and providing relevant and material information on the Company in an accurate and timely manner. Matters that must be considered in implementing transparency principle is information disclosure by the Company that is conducted through:

  1. Complying with the Articles of Association, prevailing laws and regulations, Company Regulations and GCG principles.
  2. Providing information, both obligatory and voluntary information, which becomes an added value for the Company and does not reduce the Company’s obligations to comply with the provisions of confidentiality to the Shareholders and stakeholders in an accurate and timely manner, as well as easily accessible in accordance with the limitation established by the Company.


Accountability is the clarity of function, implementation and responsibility of the Company’s organs and employees which make the management can be effectively implemented. On this principle, SUCOFINDO recognizes 3 (three) levels of accountability in the activities of the Company, which includes:

1. Individual Accountability    

Individual accountability refers to the accountability relationship of superior and subordinate. Accountability is applicable to all parties, both for parties that have authorities and parties that are assigned by the holders of authority (duty delegation). Authority holders are responsible for providing direction, guidance, and necessary resources as well as assisting in solving issues that may affect the performance. The executor of duties is responsible for the completion of the assignment results or targets and/or delegation of authority. In this context, both parties have their own respective accountability.

2. Work Unit/Team Accountability

Work Unit/Team accountability refers to the accountability of a Work Unit/Team for achieving/not achieving the duties assigned by the Work Unit/Team. In the event of Work Unit/Team submitting a report, the individual accountability and Work Unit/Team accountability must be distinguished.

3. Corporate Accountability

Corporate accountability refers to the accountability of the Company. In carrying out its role as a business entity, PT SUCOFINDO (PERSERO) is responsible for the business activities of the Company. Each Organ of the Company can be held accountable in accordance with its respective duties and responsibilities with respect to laws and regulations, the Company’s policy, the Regulation of the Company and other provisions.

Matters that must be considered in implementing the principle of Accountability are:

  1.  Determining clear responsibilities of all employees of SUCOFINDO that are in line with the vision and mission of the Company, including policies that support the implementation of duties and obligations in accordance with the prevailing laws and regulations.
  2. Performing the duties and obligation of the Company for the interest of individual, work unit/team and corporate. Accountable for the execution of duties based on the performance measurement established by the Company in a timely manner.


Responsibility is the conformity of the management of the Company to the prevailing laws and regulations, including the regulations and policies of the Company, and the principles of sound corporate. The responsibility is also followed by the commitment to conduct the business activities in accordance with the code of conduct. Matters that must be considered in the principle of responsibility are making the Company as a good corporate citizen that is realized through:

  1. Fulfilling obligations to the Regulators, the International Federation of Inspection Agencies (IFIA) and Shareholders in a timely manner.
  2. Managing the environment in accordance with the standard established by the laws and regulations; and,
  3. Protecting the rights of stakeholders in general.
  4. Considering the interest of other stakeholders as the obligation of the Company.


Independency is a condition of which the Company is managed professionally without any conflict of interest and/or influence/pressure from any party that is not in accordance with the prevailing regulations and sound corporate principles. Matters that must be considered in applying the independency principle are:

  1. Making objective decisions based on data and information that are accountable as well as free from any interest from individuals, groups, or certain groups.
  2. Respecting the rights and responsibilities of each Organ of the Company in accordance with the Articles of Association and prevailing regulations. Independency is important in order to make each organ of the Company to be able to perform the duties as well as possible for the interest of the Company and can be held accountable for the implementation of each task.


Fairness is fair and equal treatment in fulfilling the rights of stakeholders in accordance with the agreements of regulations, the policy of the Company, regulations of the Company and other provisions as well as sound corporate principles. Matters that must be considered in applying the principle of fairness are:

  1. Providing information to the shareholders in accordance with their rights or without differentiating the number of share ownership.
  2. Providing equal opportunities without discrimination to the stakeholders to submit inputs and opinions for the interest of the Company in line with the mechanism set by the Company.
  3. Granting reward and punishment in accordance with the applicable policies.