WIKA always endeavors to improve the Company’s performance by improving its structure and culture, as well as by complying with best practices based on the principles of Good Corporate Governance (GCG), which include Transparency, Accountability, Responsibility, Independency and Fairness (TARIF). The Board of Commissioners’ view is that the application of GCG principles in the Company is running well and shows continuous improvements. The GCG bodies, both under the Board of Commissioners and under the Board of Directors, have carried out their functions, duties and responsibilities well and have established good cooperation. By applying GCG at every step of the Company's management, the benefits for the Shareholders and other Stakeholders will increase on an ongoing basis and will reflect the Company's responsibility to the community.
In 2020, WIKA carried out a GCG implementation assessment by referring to the Ministry of State-owned Enterprises Decree No. SK-16/S.MBU/2012 concerning Indicators / Parameters for Assessment and Evaluation on the Application of Good Corporate Governance.
The Company's GCG implementation assessment for 2020 GCG achieved a total score of 94.825% or a “Very Good” qualification.
Another GCG implementation assessment method carried out by WIKA uses the ASEAN Corporate Governance Scorecard, a measurement parameter for governance practices agreed upon by the ASEAN Capital Market Forum (ACMF). These parameters
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Forum (ACMF). Parameter tersebut dibuat berdasarkan OECD Principles dan diharapkan dapat meningkatkan kepercayaan investor kepada perusahaan-perusahaan listing di ASEAN.
Berdasarkan hasil penilaian yang dilakukan terhadap praktik penerapan GCG di WIKA berdasarkan prinsip-prinsip yang diatur dalam ASEAN Corporate Governance Scorecard, total nilai yang berhasil diperoleh Perseroan adalah sebesar 87,89%.
Pada tahun 2020, WIKA juga telah mengimplementasikan ISO 37001: 2016 tentang Sistem Manajemen Anti Penyuapan, yang diikuti dengan proses sertifikasi yang didukung sepenuhnya oleh Dewan Komisaris dan Direksi. Sebagai pencapaian atas penerapan GCG, WIKA juga berhasil memperoleh penghargaan The Most Trusted Company (sangat terpercaya) – Platinum dengan skor sebesar 87,30 berdasarkan hasil penilaian Corporate Governance Perception Index (CGPI) yang dilakukan oleh The Indonesian Institute for Corporate Governance (IICG) bekerja sama dengan Majalah SWA.
Dewan Komisaris memberikan apresiasi yang tinggi kepada Direksi dan seluruh jajarannya yang telah bekerja secara optimal dalam menerapkan GCG dalam mengelola Perseroan selama tahun 2020. Sementara itu, sesuai dengan program kerja Dewan Komisaris pada bidang Tata Kelola atau Good Corporate Governance, aspek yang menjadi perhatian Dewan Komisaris di tahun 2020 adalah:
1. Evaluasi secara konsisten atas penerapan Good Corporate Governance di WIKA, termasuk Area of Improvements;
2. Kepatuhan Perseroan terhadap peraturan perundang- undangan yang berlaku dan relevan dengan karakteristik bidang kegiatan perusahaan;
3. Kesesuaian ketentuan-ketentuan dalam Standard Operasi Prosedur (SOP) dengan peraturan perundang-undangan dan kode etik yang berlaku dan relevan;
4. Penyusunan dan penerapan kebijakan manajemen risiko oleh Perseroan.
Dewan Komisaris juga senantiasa mengingatkan Direksi agar dalam proses pengurusan Perseroan harus dijalankan sesuai dengan prinsip-prinsip GCG. Beberapa saran dan nasihat Dewan Komisaris untuk peningkatan kualitas penerapan GCG di WIKA, antara lain:
1. Senantiasa melakukan mitigasi risiko bilamana terjadi perubahan lingkungan bisnis dan secara transparan melaporkannya kepada Dewan Komisaris dan Pemegang Saham, dengan memperhatikan ketentuan dan peraturan yang berlaku;
2. Merespon saran, harapan, permasalahan dan keluhan dari Stakeholder dengan menggunakan kanal komunikasi resmi Perseroan;
are based on the OECD Principles and are expected to increase investor confidence in listed companies in ASEAN. Based on the GCG implementation assessment results at WIKA using the ASEAN Corporate Governance Scorecard, the total score achieved by the Company was 87.89%.
In 2020, WIKA also implemented ISO 37001: 2016 concerning the Anti-Bribery Management System, a certification process that is fully supported by the Board of Commissioners and Board of Directors. For its GCG implementation achievement, WIKA received the Most Trusted Company (very trusted) - Platinum award with a score of 87.30 based on the results of the Corporate Governance Perception Index (CGPI) assessment conducted by The Indonesian Institute for Corporate Governance (IICG), together with SWA Magazine.
The Board of Commissioners is highly appreciative of the efforts made by the Board of Directors and all staff who have worked optimally in implementing GCG in the Company during 2020. Related to Good Corporate Governance, the Board of Commissioners did raise areas of concern in 2020 regarding:
1. Consistent evaluation of the Good Corporate Governance implementation at WIKA, including any Areas of Improvement;
2. The Company's compliance with applicable laws and regulations relevant to the Company's business activities;
3. Conformity of the Standard Operating Procedure (SOP) provisions with the prevailing and relevant laws and codes of ethics;
4. The formulation and implementation of risk management policies by the Company.
The Board of Commissioners also consistently reminded the Board of Directors that the Company’s management process must be carried out in accordance with the principles of GCG.
Some suggestions and advice from the Board of Commissioners for improving the quality of GCG implementation at WIKA, included:
1. Always carrying out risk mitigation in the event of any changes in the business environment, and transparently reporting such to the Board of Commissioners and Shareholders, with due observance of the prevailing laws and regulations;
2. Responding to suggestions, hopes, problems and complaints from Stakeholders by using the Company's official communication channels;
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3. Pelaksanaan pengendalian internal yang berjenjang perlu dipastikan berjalan dan termonitor dengan baik oleh manajemen, dengan konsep kendali berlapis (three lines of defense);
4. Menjadikan manajemen risiko menjadi budaya setiap insan Perseroan dalam bekerja dan bertindak untuk dan atas nama Perseroan, serta selalu menganalisa & memitigasi risiko yang mempunyai dampak signifikan terhadap kinerja Perseroan;
5. Pemanfaatan dan implementasi sistem teknologi harus dapat diukur tingkat keberhasilan dan kemanfaatannya secara nyata;
6. Mengoptimalkan sumber daya manusia yang dimiliki sebagai aset Perseroan untuk mendapatkan nilai tambah dibandingkan dengan perusahaan sejenis di industri yang sama, baik nasional maupun internasional;
7. Menjalankan manajemen sumber daya manusia dengan memperhatikan prinsip keadilan dan keharmonisan, termasuk dan tidak terbatas pada isu diversity, gender, sumber daya lokal, dan disabilitas;
8. Melaksanakan dan melakukan sosialisasi terhadap setiap insan Perseroan yang terkait mulai dari pelaksana di proyek sampai dengan penanggung jawab akuntansi di kantor pusat, sehingga bisa memastikan keandalan laporan keuangan Perseroan;
9. Melakukan pengadaan barang yang efektif, efisien dan sesuai dengan ketentuan perundang- undangan yang berlaku;
10. Memberikan layanan yang terbaik dan terdepan kepada konsumen;
11. Sebagai entitas yang baik, beretika dan bertanggungjawab terhadap keberadaannya di lingkungan sosial maka WIKA senantiasa melaksanakan semua peraturan perundang- undangan yang berlaku di tempat di mana Perseroan menjalankan aktivitasnya;
12. Menjunjung tinggi perjanjian-perjanjian yang telah dibuat dengan pihak ketiga dan melaksanakannya dengan memperhatikan peraturan perundangan yang berlaku.
13. Mampu membuat maupun menerapkan kebijakan hubungan induk perusahaan dan anak perusahaan, subsidiary governance untuk mencapai tujuan Perseroan yang paling optimal.
Sementara itu, Dewan Komisaris juga memandang bahwa peran manajemen risiko dalam kondisi yang tidak menentu seperti tahun 2020 sangat penting. Memperhatikan hal tersebut, Dewan Komisaris menilai penerapan manajemen risiko di WIKA pada tahun 2020 lebih menjadi sorotan dan senantiasa melakukan perbaikan.
Adapun upaya mitigasi yang perlu dilakukan utamanya berkaitan dengan mitigasi sumber pendanaan, cashflow, piutang & tagihan
3. Implementing a tiered internal control so as to ensure proper management monitoring by following the concept of layered control (three lines of defense);
4. Making risk management part of the culture of every individual in the Company when working and acting for and on behalf of the Company, as well as always analyzing and mitigating risks that have a significant impact on the Company's performance;
5. Ensuring the use and implementation of technology system are capable of measure the level of success and real benefits;
6. Optimizing HC as assets of the Company to add greater value compared to similar companies in the same industry, both nationally and internationally;
7. Carrying out HC management by observing the principles of justice and harmony, including but not limited to issues of diversity, gender, local resources, and disabilities;
8. Carrying out and disseminating information to all relevant Company personnel, starting from the project implementer to the person in charge of accounting at the head office, so as to ensure the reliability of the Company's financial statements;
9. Performing the effective and efficient procurement of goods in accordance with the prevailing laws and regulations;
10. Providing the best and leading services to consumers;
11. Abiding by all applicable laws and regulations in the locations WIKA carries out its activities, in a proper, ethical, responsible and social manner;
12. Upholding agreements made with third parties and implementing them with due observance of the prevailing laws and regulations.
13. Preparing or implementing policies related to relationships between the parent company and subsidiaries, with subsidiary governance to achieve the most optimal goals of the Company.
The Board of Commissioners’ view is that the role of risk management during uncertain conditions such as those in 2020 is very important. With this in mind, the Board of Commissioners considers that the implementation of risk management at WIKA in 2020 will remain in the spotlight and will need continuous improvements.
The mitigation efforts required need to pay attention mainly to funding sources, cash flow, gross receivables & receivables,
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bruto, perjanjian legal dan administrasi terkait, progres proyek, serta SDM dan implementasi IT. Terhadap hal-hal tersebut, Dewan Komisaris menilai bahwa Direksi telah menyiapkan mitigasi risiko yang memadai dan senantiasa menjadi salah satu hal yang senantiasa menjadi fokus pengawasan Dewan