The implementation of good and sustainable corporate governance is a key foundation for PLN Indonesia Power Services in achieving optimal performance and creating added value for Shareholders and other Stakeholders, supporting long-term and sustainable corporate growth.
PLN Indonesia Power Services continuously strengthens its governance framework through the development of systems, structures, and policies that support the consistent implementation of Good Corporate Governance (GCG). This commitment is reflected, among others, through periodic evaluations of the Board of Commissioners and Board of Directors Working Guidelines (Board Manual) to ensure structured, systematic, and effective governance practices.
The GCG Guidelines and the Company Code of Ethics serve as essential instruments in promoting effective governance implementation. The adoption of best corporate governance standards remains a long-term commitment of PLN Indonesia Power Services to enhance Company value and support future performance.
1. Corporate Governance Policy (GCG Code)
PLN Indonesia Power Services implements good and sustainable corporate governance to ensure optimal performance and increase value for Shareholders and Stakeholders.
The Company’s GCG Guidelines are stipulated in the Joint Decree of the Board of Commissioners and the Board of Directors Number 005.K/DEKOM-PIPS.2025 and Number 0062.P/DIR/2025 concerning the Guidelines for Good Corporate Governance within PT PLN Indonesia Power Services.
2. Company Code of Ethics (Code of Conduct)
The Company Code of Ethics serves as a behavioral guideline for all PLN Indonesia Power Services personnel in achieving the Company’s Vision and Mission.
This Code applies to employees, the Board of Directors, the Board of Commissioners, and Committees under the Board of Commissioners, and promotes professional, responsible, fair, and trustworthy conduct in all business activities.
The Code of Ethics is established based on the Joint Decree of the Board of Commissioners and the Board of Directors Number 007.K/DEKOM-PIPS/2025 and Number 0066.P/DIR/2025.
3. Board of Directors and Board of Commissioners Working Guidelines (Board Manual)
The Board Manual outlines the roles, responsibilities, authorities, and working relationships between the Board of Commissioners and the Board of Directors as the Company’s main governing organs.
These guidelines are regulated through the Joint Decree of the Board of Commissioners and the Board of Directors Number 004.DEKOM-PIPS/2025 and Number 0065.P/DIR/2025.
4. Gratification Control Policy
PLN Indonesia Power Services enforces a Gratification Control Policy to uphold integrity and prevent conflicts of interest.
All employees, the Board of Directors, and the Board of Commissioners are required to report any unavoidable receipt of gifts or hospitality. Reports must be submitted to the Corporate Secretary no later than 30 days after receipt, in accordance with Directors’ Regulation Number 0094.P/DIR/2025.
5. Conflict of Interest Policy
The Conflict of Interest Policy provides guidance for identifying, preventing, and managing potential conflicts of interest to ensure sound corporate governance.
This policy is stipulated in the Joint Decree of the Board of Commissioners and the Board of Directors Number 003.K/DEKOM-PIPS/2025 and Number 0064.P/DIR/2025.
6. Whistle Blowing System (WBS)
The Whistle Blowing System (WBS) is a reporting mechanism for Stakeholders to submit complaints related to violations of laws, regulations, or ethical standards.
This system supports transparency and accountability and ensures effective handling of reported cases in accordance with the Joint Decree of the Board of Directors and the Board of Commissioners Number 079.K/CDB/XII/2019 and 004.K/DEKOM-CDB/2019.
7. Anti-Fraud Policy
PLN Indonesia Power Services is committed to conducting business with integrity and transparency.
The Company implements an Anti-Fraud Policy to prevent, detect, and address all forms of fraud. All employees and business partners are required to comply with this policy as part of the implementation of Good Corporate Governance, in accordance with Guideline Number 187.P/PIPS/IX/2024.
8. Procurement of Goods and Services Guidelines
The Procurement of Goods and Services Guidelines serve as a reference for conducting procurement processes in a transparent, accountable, and competitive manner.
These guidelines ensure procurement activities are carried out effectively, efficiently, and in alignment with Good Corporate Governance principles and applicable regulations, as stipulated in the Company’s Directors’ Regulation 0068.P/DIR/2025 and No. 0069.P/DIR/2025.