Sarinah memastikan pengelolaan perusahaan dengan mematuhi peraturan serta ketentuan yang berlaku sebagai cerminan tanggung jawab korporasi sebagai warga korporasi yang baik (good corporate citizen). Perusahaan akan senantiasa mengupayakan kemitraan dengan semua pihak yang berkepentingan dalam batas-batas peraturan perundang-undangan dan etika bisnis yang sehat.
Principles of Good Corporate Governance consist of Transparency, Accountability, Responsibility, Independency and Equality. Application of this ive GCG principle can be seen in various activity areas, among others:
Transparency
Transparency is openness revealing material information and relevant on Sarinah to interested parties. Sarinah guarantees accuracy of material information concerning operational performance and inancial performance, management and share ownership and other important information.
Sarinah provides information in its widest sense to the public and shareholders. A report is published periodically and promptly which among others includes Three-monthly Financial Report, Semester Financial Report, Annual Financial Report which has been audited by the Public Accountant Ofice, Annual Report, and various other reports required by the prevailing regulations.
Accountability
Sarinah applies accountability principle as one of the ways to solve problem that arise due to division of authority among Company organs and decrease impact of agency problem which arise due to differences in interest between the management, shareholders and stakeholders.
The form of accountability principle application includes among others report from the Board of Directors to Board of Commissioners on work plan, annual budget, joint evaluation of company performance, delivery of inancial report to Annual GMS, establishment of Internal Audit and appointment of the external auditor.
responsibility
Sarinah conirms company management through observing the prevailing legislative regulations as relection of corporate responsibility as a good corporate citizen. The company will always strive for partnership with all interested parties within boundary of legislative regulation and sound business ethics.
Sarinah has adjusted Statutes with Law No. 40/2007 on Limited Liability Company. Moreover, through Corporate Social Responsibility (CSR) Sarinah is directly involved in various social activities which is focused on community development, education, health and disaster victim assistance.
independency
Sarinah tries to manage the company professionally without conlict of interest and inluence/pressure from any party whatsoever which is not in accordance with the prevailing legislative regulations and sound corporate principles.
Board of Commissioners and Board of Directors have independent opinion in every decision made, however, it is still possible to get advice from independent consultant, legal consultant, and committees to support its smooth operation.
Fairness
Sarinah guarantees fair treatment equal to all stakeholders in every activity conducted and always tries that the interested parties can understand their right and obligation in accordance with the prevailing legislative regulations. Sarinah telah menyesuaikan Anggaran Dasar dengan UU
No. 40/2007 tentang Perseroan Terbatas. Selain itu, melalui program Corporate Social Responsibility (CSR) Sarinah terlibat langsung dalam berbagai kegiatan sosial yang terpusat pada pengembangan masyarakat, pendidikan, kesehatan dan bantuan korban bencana alam.
Kemandirian
Sarinah berupaya untuk mengelola perusahaan secara profesional tanpa benturan kepentingan dan pengaruh/ tekanan dari pihak manapun yang tidak sesuai dengan peraturan perundang-undangan yang berlaku dan prinsip- prinsip korporasi yang sehat.
Dewan Komisaris dan Direksi memiliki pendapat yang independen dalam setiap keputusan yang diambil, namun dimungkinkan untuk mendapatkan saran dari konsultan independen, hukum, dan komite-komite untuk menunjang kelancarannya.
Kesetaraan
Sarinah menjamin perlakuan yang adil setara kepada setiap pemangku kepentingan dalam setiap aktivitas yang dilakukan dan selalu mengupayakan agar pihak-pihak yang berkepentingan dapat memahami hak dan kewajibannya sesuai dengan peraturan perundang-undangan.
Guna memperoleh penilaian yang obyektif, Sarinah menggunakan jasa pihak independen untuk melakukan evaluasi atas efektivitas penerapan GCG (assessment GCG). Periode 2010 assesment GCG dilakukan oleh pihak independen. Sementara sejak tahun 2012, penilaian praktik implementasi GCG dilakukan dengan metode self assessment. Hasil assessment GCG Sarinah tahun 2010- 2013 dapat dilihat dalam tabel berikut:
TAHUN
YEAR Skor Assessment GCGGCG Assessment Score Pelaksanaimplementer
TAHUN BUKU YEAR OF BOOK
2010 84.23 PT Solusindo Prakarsa 2009
2011 82.50 Kantor Akuntan Publik Pieter, Uways & Rekan 2010
2012
77.80
Penilaian Mandiri Praktik GCG GCG Practice Independent Asessment
PT Awal Pertumbuhan Bersama 2011
2013 84.40 Kantor Akuntan Publik Peter, Uways & Rekan 2012
Indikator parameter yang digunakan untuk tahun 2010 adalah Company Corporate Governance Scorecard (CCGS) yang dikeluarkan oleh Kementerian BUMN, sementara sejak tahun 2012 menggunakan parameter yang dikembangkan oleh Forum for Corporate Governance in Indonesia.
Parameter indicator being used for 2010 is a Company Corporate Governance Scorecard (CCGS) which is issued by SOE Ministry, while since 2012 use the parameter developed by Forum for Corporate Governance in Indonesia.
In order to receive objective evaluation, Sarinah hires the service of independent party to perform evaluations on the GCG application effectiveness (GCG assessment). GCG Assessment Period 2010 is conducted by an independent party. While for 2012, evaluation of GCG implementation practice is conducted by self-assessment method. The result of Sarinah GCG assessment 2010-2013 can be seen in the following table:
In accordance with Law No. 40 of 2007 on Limited Liability Company, company organs consist of General Meeting of Shareholders, the Board of Directors and the Board of Commissioners.
• General Meeting of Shareholders (GMS), which
further is referred to as GMS is the company organ that has authority which is not delegated to the Board of Directors or the Board of Commissioners within limit stipulated in the Law and/or Statutes;
• Board of Commissioners is company organ which
functions to perform supervision in general and/or particular in accordance with the Statutes and to give advice to the Board of Directors;
• Board of Directors is company organ which has
authority and be responsible fully for Company management and represents the Company, inside and outside court of law according to the Statutes.
The Company organs play key roles in the accomplishment of GCG implementation. Company organs performs their functions in accordance with legislative regulations, Company Statutes and other stipulation based on the principle that each organ has independence in conducting their duties, functions and responsibilities for the company’s interest.
Sesuai dengan Undang Undang No. 40 tahun 2007 tentang Perseroan Terbatas, organ perseroan terdiri dari Rapat Umum Pemegang Saham, Direksi dan Dewan Komisaris.
• Rapat Umum Pemegang Saham (RUPS), yang selanjutnya disebut RUPS adalah organ perseroan yang mempunyai wewenang yang tidak diberikan kepada Direksi atau Dewan Komisaris dalam batas yang ditentukan dalam Undang Undang dan/atau Anggaran Dasar;
• Dewan Komisaris adalah organ perseroan yang bertugas melakukan pengawasan secara umum dan/ atau khusus sesuai dengan Anggaran Dasar serta memberi nasihat kepada Direksi;
• Direksi adalah organ perseroan yang berwenang dan bertanggung jawab penuh atas pengurusan Perseroan untuk kepentingan Perseroan, sesuai dengan maksud dan tujuan Perseroan serta mewakili Perseroan, baik didalam maupun diluar pengadilan sesuai dengan ketentuan Anggaran Dasar.
Organ perseroan tersebut memainkan peran kunci dalam keberhasilan pelaksanaan GCG. Organ perseroan menjalankan fungsinya sesuai dengan ketentuan perundang- undangan, Anggaran Dasar Perseroan dan ketentuan lainnya atas dasar prinsip bahwa masing-masing organ mempunyai independensi dalam melaksanakan tugas, fungsi dan tanggung jawabnya untuk kepentingan perseroan.
GMS, Board of Commissioners and Board of Directors respect each other’s duty, responsibility and authority according to the Prevailing Legislative Regulations and Statutes.
To carry out day to day operational activity, Sarinah describes such idea into various systems and procedures. The system and procedure become joint commitment which is performed continuously.
To improve performance and compliance with GCG principle implementation, Sarinah composes Good Corporate Governance Code (GCG Code) in order to be able to apply them consistently so that all values belonged to interested parties can be effectively used and result in a mutual economic relation pattern. Good Corporate Governance constitutes crystallization of GCG principles, prevailing legislative regulations, cultural values being adopted, vision and mission, and GCG best practices.
The position of GCG Code constitutes policy parent, therefore all regulations, decisions and policies issued by the company must refer to the Company’s GCG Code which continuously be reviewed and evaluated to adjust to the latest development.
Besides GCG code, Sarinah has composed Ethic Behavior Guide, Audit Committee Charter, Internal Audit Charter and various policies and procedures in supporting the implementation of good corporate governance. All of the said policies and procedures are intended to move Sarinah to be able to conduct checks and balances in every business activity based on GCG principles.
RUPS, Dewan Komisaris dan Direksi saling menghormati tugas, tanggung jawab dan wewenang masing-masing sesuai Peraturan Perundang-undangan dan Anggaran Dasar.
Untuk menjalankan aktivitas operasional sehari-hari, Sarinah menjabarkan hal tersebut ke dalam berbagai sistem dan prosedur. Sistem dan Prosedur menjadi sebuah komitmen bersama yang dijalankan secara terus menerus.
Untuk meningkatkan kinerja dan kepatuhan terhadap implementasi prinsip-prinsip GCG, Sarinah menyusun Pedoman Tata Kelola Perusahaan (GCG Code) agar mampu diterapkan secara konsisten sehingga semua nilai yang dimiliki oleh pihak-pihak yang berkepentingan dapat didaya-gunakan secara optimal dan menghasilkan pola hubungan yang ekonomis yang saling menguntungkan. Pedoman Tata Kelola Perusahaan merupakan kristalisasi prinsip-prinsip GCG, peraturan perundang-undangan yang berlaku, nilai-nilai budaya yang dianut, visi dan misi, serta praktik-praktik terbaik GCG.
Kedudukan Pedoman Tata Kelola Perusahaan merupakan induk kebijakan, dengan demikian seluruh peraturan, keputusan atau kebijakan yang dikeluarkan perusahaan harus merujuk pada Pedoman Tata Kelola Perusahaan yang senantiasa dilakukan review dan evaluasi untuk menyesuaikan dengan perkembangan terkini.
Selain pedoman GCG, Sarinah telah menyusun Pedoman Perilaku Etika, Piagam Komite Audit, Piagam Internal Audit dan berbagai kebijakan dan prosedur dalam mendukung terlaksananya tata kelola yang baik. Semua kebijakan dan prosedur tersebut dimaksudkan untuk mendorong Sarinah mampu melakukan check and balance pada setiap aktivitas bisnis berdasarkan prinsip-prinsip GCG.
General Meeting of Shareholders (GMS) has authority which is not delegated to the Board of Directors or Board of Commissioners. GMS has authority to appoint and terminate members of the Board of Directors and the Board of Commissioners, evaluate performance of the two boards, endorse Revision of Statutes, give approval on the Annual Report, decide the allocation of proit use, appoint public accountant, and determine the amount and types of compensation and facilities.
In 2013 Sarinah holds 1 (one) time Annual GMS and does not convene Extraordinary GMS.