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Good Corporate Governance

Good Corporate Governance (GCG)

Implementation Of GCG

Download Good Corporate Governance Guidelines

As a risk-bearing company that aims to continuously grow and develop, the implementation of Good Corporate Governance (GCG) becomes an important element, bearing in mind the risks and challenges it faces are also increasing. The consistent and continuous implementation of GCG in the Company has also been constantly improved in the scope and depth of indicator aspects in order to strengthen the company's competitive position and accommodate aspirations to become a superior company. By maximizing the company's value in managing resources and risks more efficiently and effectively, which in turn will strengthen the trust of shareholders and stakeholders, PT Askrindo can increase its value and long-term business growth.

The consistent and continuous implementation of Good Corporate Governance St PT Askrindo (Persero) is based on the Regulation of Minister of SOEs No. PER-01/MBU/2011 concerning the Implementation  of  Good  Corporate  Governance  in  State-Owned  Enterprises  and  No.  PER-09/MBU/2012 concerning amendments to the regulation of the State Minister for State OwneEnterprises No. PER-01/MBU/2011; the Regulation of the Financial Services Authority No.2/POJK.05/2014 concerning Good Corporate Governance for Insurance Companies; and the General Guidelines for Good Corporate Governance in Indonesia by Komite Nasional Kebijakan Governance (KNKG) or National Committee on Governance. The GCG is carried out at PT Askrindo with full commitment at all levels of the organization as outlined in various provisions and requirements related to GCG implementation. This is manifested in:


  • The implementation of duties and responsibilities of the Board of Commissioners and Directors
  • The completeness and implementation of duties of the committees and work units that carry out the function of internal control
  • The implementation of compliance, internal auditor and external auditor functions.
  • The implementation of risk management, including internal control systems
  • The strategic plans
  • The transparency of financial and non-financial conditions

To optimize the implementation of GCG, PT Askrindo has carried out infrastructure strengthening, internal restructuring that leads to best practices, and adjustment and renewal of soft structures, systems and procedures needed to support effective GCG implementation.


From year to year, PT Askrindo continues to carry out and improve its strategies to better the implementation of GCG. On September 6, 2013, the Board of Directors confirmed the establishment of the GCG Implementation Evaluator Team at PT Askrindo to measure the level of compliance in implementing GCG through self-assessment, of which the results are seen in the form of GCG Implementation Quality Classification scores. To obtain more convincing results, an independent consultant was asked to conduct an assessment.



PT Askrindo believes that implementing GCG is a necessity  and, if  done consistently and continuously, the GCG implementation will be able to increase trust, which in turn will increase shareholder value in the long term without ignoring the interests of other stakeholders.

PT Askrindo has placed GCG as a system in the management of the company. This means that an  effective  GCG  implementation  has  become  a  strategic  challenge  that  must always  be improved and addressed.

The development of GCG accommodates changes that are dynamic and open to neconcepts. The credibility of the company and the trust of the public, shareholders, customers, agents, business partners and other stakeholders are crucial factors for the development, sustainability and enhancement of the companys value. The company's credibility and the trust of the parties are very closely related to the company's behavior in interacting with the stakeholders.

Awareness to work in good ethics and not ignore the rules will bring success to the company. For this reason, the Shareholders, Board of Commissioners and Board of Directors as company organs  are  always  committed  to  continue  implementing  the  GCG.  This  commitment  is manifested in every activity, by referring to the applicable rules and ethical values that are stated explicitly as a standard of behavior for all company organs in the formulation of Code of Business Ethics and Work Ethics.

In 2015, PT Askrindo conducted GCG Socialization, signed the Integrity Pact & Statement of Code of Conduct, and made adjustments to the GCG Soft Structure Guidelines by referring to the following Financial Services Authority Regulation No. 2/POJK.05/2014 concerning Good Corporate Governance for the Company Insurance:

  • Decree No. 155/KEP/DIR/VII/2015 dated 30 July 2015 concerning the Improvement of PT Askrindo (Persero) 's Code of Conduct
  • Decree No. 157/KEP/DIR/VII/2015 dated July 31, 2015 concerning  the  Improvement of PT  Askrindo  (Persero)  's  Good  Corporate  Governance Guidelines;
  • Decree No. 156/KEP/DIR/VII/2015 dated 30 July 2015 concerning the Improvement of  the   PT   Askrindo   (Persero)'s   Whistleblowing   System   Guidelines; 
  • Decree No. 235/KEP/DIR/XI/2015 dated 16 November 2015 concerning Changes to Guidelines for the Board of Commisioners and Directors of PT Askrindo (Persero)

To guarantee objective score results, the GCG assessment of PT Askrindo (Persero) was carried out by independent consultant PT Sinergi Daya Prima (SDP) using a methodology set by the Ministry of SOEs, namely Decree No. SK16/S.MBU/2012 dated June 6, 2012. The assessment results showed a parameter value of 153, a score of 91.48, and Very Good” qualification quality.





Reporting Guidelines

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The company provides an opportunity for all company personnel to submit reports of alleged violations to the company in person, through letters, complaint boxes or other media provided by the company for the purpose of reporting violations.

The company provides 2 (two) alternative management reports, through the Board of Directors and the Board of Commissioners, depending on the position of the violator in the company.

Violations allegedly committed by Employees are reported in writing through an official letter directly sent to the Directors or to the company at:


Direksi PT ASKRINDO (Persero)
Email :
u.p Tim Pengelola Pelaporan Pelanggaran
Jalan Angkasa Blok B-9 Kav. No.8
Jakarta Pusat 10610

Penyampaian pelaporan pelanggaran yang diduga dilakukan oleh Direksi, Dewan Komisaris, Organ Pendukung Dewan Komisaris dan Kepala Unit Kerja dari Organ Pendukung Direksi dilakukan secara tertulis dengan menyampaikan surat resmi yang ditujukan kepada Dewan Komisaris, dengan cara diantar langsung atau melalui pos ke perusahaan dengan alamat:

Directors, Board of Commissioners, Supporting Organs of the Board of Commissioners and Head of Work Units is done the Supporting Organs of the Directors in writing through an official letter directly sent to the Board of Commissioners or to the company at:

Dewan Komisaris PT ASKRINDO (Persero)
u.p Tim Pengelola Pelaporan Pelanggaran
Jalan Angkasa Blok B-9 Kav. No.8
Jakarta Pusat 10610


The provision of this media is intended to convey suspected violations in the form of Corruption, Bribery, Conflict of Interest, Theft, and Fraud, and violations of law and company regulations, but not including issues related to Safety, Occupational Health and the Environment (K3L), Personal Complaints, HR and company facilities.

Reporting/disclosing of violations that have priority to be followed up are cases that occurr in the last 2 (two) years.

Any violation reporting that has data accuracy and sufficient evidence is followed up by the company through the Violation Reporting Management Team; the reporting must include a clear identity of the reporter. The company can provide rewards for reporters if the violations reported actually occur. The company will maintain the confidentiality of the reporter's identity, unless:

  • It is required in investigations carried out by the authorities
  • It is in line with the interests of change and the objectives of this GCG Guidelines
  • It is required by the company to maintain its position before the law

Business Ethic & Work Guidelines

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Askrindo is aware of the importance of GCG implementation as a tool to continuously increase the value and long-term business growth not only for shareholders but also for all stakeholders.

For this reason, the Board of Directors of PT ASKRINDO is committed to implementing GCG consistently through the issuance of Directors Decree No. 155/KEP/DIR/VII/2015 concerning the Improvement of PT Askrindo's Code of Conduct.

These guidelines consist of Business Ethics for the Company and Work Ethics for the All Askrindo Levels which are structured to influence, shape, regulate and adjust the behavior in order to achieve outputs that are consistent with Askrindo's culture (Integrity, Porfesionalism, Motivation, Cooperation and Innovation) in achieving the vision and mission of the company.


A. Business Ethics

In carrying out its business activities, the company must pay attention to the ethics, both for its internal and external aspects. Business Ethics are efforts to balance the interests of the company and  all  stakeholders  in  accordance  with  the  principles  of  good  corporate  governancand corporate values, while maintaining the companys profitability.

Askrindo's Business Ethics as stated in the Guidelines are as follows:

1. Compliance with laws and regulations

2. Concern for environmental health and safety;

3. Provision of equal opportunities for employees to get works, promotions and termination of employment;

4. Ethical standards in dealing with stakeholders, with the following foundations

  • Ethics of the company's relationship with the Government
  • Ethics of the company's relationship with the Shareholders
  • Ethics of the company's relationship with employees 
  • Ethics of the company's relationship with partners
  • Ethics of the company's relationship with competitors
  • Ethics of the company's relationship with the Insured (Policy Holder) Ethics of the company's relationship with the Reinsurance Company
  • Ethics of the company's relationship with Agents
  • Ethics of the company's relationship with Goods and Services Providers/Suppliers
  • Ethics of the company's relationship with creditors
  • Ethics of the company's relationship with Social Responsibility
  • Ethics of the company's relationship with Mass Media
  • Ethics of the company's relationship with Professional Organizations

5. The ethical standards of all levels of management and employees, which regulate ethical behavior in carrying out daily activities on the job, including:

  • Behavior as a Superior to Subordinates
  • Behavior as a Subordinate to Superiors
  • Behavior as a Work Colleague
  • Intellectual Property Rights

B. Work Ethics

These work ethics apply to all individuals acting on behalf of Askrindo, including the Board of Commissioners, Directors and Employees, subsidiaries and affiliates under its control, capital owners  and  all  stakeholders,  and  business  partners who  conduct  business  transactions  with Askrindo.

Askrindo's Work Ethics as contained in the Guidelines are as follows:


  • Commitment of company's individuals

  • Ethics to maintain the good name of the company

  • Ethics to maintain good relations between employees

  • Ethics to maintain the confidentiality of company data and information

  • Ethics to protect and utilize company's property

  • Ethics to maintain security, safety and health of the work environment

  • Ethics to record data and do reporting

  • Ethics to avoid conflicts of interest

  • Ethics to avoid bribery

  • Ethics to not use position for personal gain

  • Ethics related to gifts or rewards and business entertainment

  • Ethics of using information technology facilities

  • Ethics to not engage in political activity

  • Immoral behavior, narcotics and drug abuse, alcohol, gambling and smoking

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