Company| Corporate Governance

At FajarPaper, the Board of Commissioners (BoC) and Board of Directors (BoD) recognize the competitive advantage to be gained from transparent management methods, proper accountability, disclosure and best practice in the Company’s day to day operations, in the interests of all stakeholders.
The Board of Commissioners and Board of Directors share joint responsibility for adopting and maintaining transparency, integrity, fair and ethical standards and full accountability in all aspects of our business activities and to ensure full compliance with applicable laws and regulations.

Board of Commissioners
The Board of Commissioners is a professional and expert  unit, overseeing the Board of Directors and the Company as a whole. Currently, the Board of Commissioners comprising of three members, one of whom is an Independent Commissioner, met quarterly as well as in informal routine meetings with the Board of Directors.
Board of Commissioners Roles and Responsibilities The BoC oversees proper governance of the Company, through supervision and advice to the BoD on the operations of the Company. The BoC is assisted by an independent Audit Committee. Specific roles and responsibilities include:

  • To monitor the performance of management of the Company.
  • To direct, monitor, and evaluate implementation of the Company’s strategy, business plan, and operating policies.
  • To review and supervise the internal control systems and risk management of the Company.
  • To review the level of remuneration of management and the BoD.
  • To ensure the implementation of a high standard corporate governance practices and compliance.

Board of Directors
Management of the daily operations of the Company is the responsibility of the Board of Directors. This involves managing the performance of individual units, the performance of the Company overall, and the strategic focus of the business. Currently, the Board of Directors comprised five members all of whom are dedicated professionals with financial or technical expertise, and a thorough understanding of BAPEPAM and the Indonesian Stock Exchange regulations and their application. The Board of Directors met formally on.