348 Authorities of the Board of Directors 349 Criteria for the Board of Directors 349 Appointment of Members of the Board of. 351 Mandate of the Board of Directors 353 Division of Duties and Responsibilities of the Board of Directors.
Corporate Governance Achievements in 2020
Corporate Governance Achievements in 2020
BCA as “ASEAN Asset Class”
Indonesia's Good Corporate Governance (GCG) Guidelines were published by the National Governance Policy Committee (KNKG). Good Corporate Governance Framework and Action Plan The following is the BCA Good Corporate Governance Framework.
Good Corporate Governance Framework and Action Plan The following is the framework of BCA’s Good Corporate Governance
The Good Corporate Governance Framework in BCA consists of a governance structure as a basis, implementation as an embodiment of governance principles and assessment of the implementation of corporate governance as a parameter for the implementation of corporate governance principles in BCA. This parameter is used by the BCA bodies as an indicator to continue the sustainable improvement in the implementation of the principles of Good Corporate Governance.
Improvement *
The BCA has periodically conducted comprehensive self-assessment to review the adequacy of the implementation of good governance, thus allowing the BCA to immediately establish the required action plan.
Monitoring
CORPORATE GOVERNANCE STRUCTURE
BCA has set up a corporate governance structure that reflects the checks and balances principle in the implementation of Good Corporate Governance.
General Meeting of Shareholders (GMS)
BOARD OF
IMPLEMENTATION
- Internal Policies Related to Good Corporate Governance
- Compliance with Good Corporate Governance Principles
This diversity of highly competent members of the Board of Commissioners supports the improvement of BCA's performance. The performance evaluation of the Board of Directors is disclosed in this BCA Annual Report.
ASSESSMENT OF GOOD CORPORATE GOVERNANCE IMPLEMENTATION
- Internal Assessment
- External Assessment
Self-assessment result of the implementation of good corporate governance in the 2nd semester - 2020. The implementation of the ASEAN CG Scorecard indicators is the benchmark result of the assessment.
GENERAL MEETINGS OF SHAREHOLDERS
Shareholders’ Rights
BCA also conducted a self-assessment based on the ASEAN CG Scorecard indicators to facilitate the evaluators in assessing and measuring the implementation of the indicators. The rights, powers and responsibilities of shareholders are regulated in the BCA statute, which is accessible directly on the BCA website www.bca.co.id, BCA reminds all shareholders and/or their representatives to attend the shareholders' meeting. owned by BCA.
2. 2020 Annual GMS and Extraordinary GMS
- AGMS
- EGMS
- Procedures for Organizing AGMS and EGMS The AGMS and EGMS at BCA are organized with the
- Attendance of Management, Committees and Shareholders
- Chairperson of AGMS and EGMS
- Rules of Conduct of GMS and Procedure for Vote Count
Notices about the General Meeting and EGMS are sent to BCA's shareholders through at least 1 (one) Indonesian language national daily newspaper, Indonesia Stock Exchange (IDX) website and BCA website. Announcement of the general meeting and EGMS must be made in at least 1 (one) Indonesian language national daily newspaper, Indonesia Stock Exchange (IDX) website and BCA website.
7. 2020 AGMS Decision and its Realizations
- First Agenda
- Second Agenda Appropriation of the
- Third Agenda
- Fourth Agenda Determination of the
- Fifth Agenda Appointment of the
- Sixth Agenda Grant of powers and
- Seventh Agenda Approval of the Revised
INAWATY HANDOJO will temporarily continue to hold his office as director (simultaneously acting as director in charge of the compliance function) of the company;. In relation to such bonus payments (gratuity), we proposed that PT DWIMURIA INVESTAMA ANDALAN, as the current majority shareholder of the company, be given the power and authority to determine the amount of bonuses (gratuity) to be paid and to determine the distribution thereof among members of the board of directors and the board of directors of the company, which has functioned in and over the financial year 2019, including all matters in connection with such bonus payments.
8. 2020 EGMS Decision and its Realization
Second Agenda Amendment of the
Grant of power and authority to the Board of Directors of the Company with the right of substitution, to take any and all actions deemed necessary in relation to the above resolutions, including, without limitation, stating/expressing the resolutions before a Notary to end recorded in a notarial deed, which amends and/or reaffirms all the provisions of the Company's Articles of Association in accordance with such resolutions, including the adaptation of the wording of any article and the references to the articles of association, as may be deemed necessary is taking into account the decision. contained in point I, make or cause to be made and sign all deeds, letters or documents deemed necessary, and the submission of a request for approval and/or the notification of the amendment of these Statutes in terms of these Meeting Resolutions to the competent authorities and making further amendments and/or additions as may be necessary to obtain approval for such amendment and to ensure acceptance of the notice, and to submit and sign any and all applications and other documents, select a domicile and take any other actions deemed necessary. Noting that the grant of power and authorization under point II of this resolution will be effective from the date on which the proposal in this agenda item is approved by this Assembly.
9. 2019 AGMS and EGMS Decision and its Realization
Realization of Dividend Payment
On May 11, 2020, BCA published the notice and procedure for the payment of cash dividends for 2019 in the daily newspaper Bisnis Indonesia and The Jakarta Post. The announcement and procedure for the payment of the 2020 interim dividend was published on December 1, 2020 in the daily newspaper, namely Bisnis Indonesia and The Jakarta Post.
Statement Regarding the Unrealized Decision of the GMS
All shareholders are treated equally and dividends are paid no later than 30 (thirty) days after the announcement of an interim dividend and/or the AGM approving the payment of the final dividend.
INFORMATION ON CONTROLLING SHAREHOLDER
Scheme/Diagram on Controlling Shareholders of BCA
Duties and Responsibilities of the Board of Commissioners
Directing, monitoring and evaluating the implementation of BCA's strategic policies and advising the Board of Directors in accordance with the purposes and goals of the BCA statute. The completeness and implementation of the tasks of the commissions and working units that perform the function of internal control.
BOARD OF COMMISSIONERS
- The Board of Commissioners’ Charter
- Authorities of the Board of Commissioners In carrying out its duties and responsibilities, the BCA
- Criteria for Members of the Board of Commissioners
- Nomination for Members of the Board of Commissioners
- Number and Composition of the Members of the Board of Commissioner
- Term of Office of the Board of Commissioners In accordance with BCA’s Articles of Association, the term
- Orientation Program for New Board of Commissioners Members
- Training Programs to Enhance the Board of Commissioners Competence
- The Board of Commissioners Share Ownership amounted to 5% or more of the paid-up capital
- Dual Positions Held by Members of the Board of Commissioners
There are 5 (five) members of the Board of Commissioners Has at least 1 (one) member of the Board of Commissioners. Have independent commissioners represent at least 50% (fifty percent) of the total members of the board of directors.
12 Report on the Board of Commissioners Committees Assessment and the Impementation
- Criteria
- Process
- Result
- The Implementation of the Board of Commissioners’ Duties Report
- Performance Assessment of the Members of the Board of Commissioners
- Term of Duty of Independent Commissioners Term of duty of Independent Commissioners follow
Formulated advice regarding the proposed bonus to the Supervisory Board and Board of Directors for the performance in 2019. The Integrated Governance Committee (IGC) assists the Supervisory Board of the main entity in supervising the implementation of Integrated Governance at BCA and subsidiaries.
INDEPENDENT COMMISSIONERS
Independent Commissioners’ Criteria
Independent Statement of Independent Commissioners
BOARD OF DIRECTORS
- Guidelines and Code of Conduct of the Board of Directors (Board of Directors’ Charter)
- Duties and Responsibilities of the Board of Directors
- Authorities of the Board of Directors
- Criteria for the Board of Directors
- Nomination for Members of the Board of Directors The holding of nominations for members of the Board
Those who can be appointed as members of the Board of Directors are persons who meet the criteria and requirements in accordance with OJK Regulation No. 33/POJK.04/2014 on the Board of Directors and the Supervisory Board of issuing institutions or listed companies and Article 6 of OJK Regulation No.
Nomination Mechanism
Nomination for members of the Board of Directors Holding nominations for members of the Board Holding nominations for members of the Board of Directors refers to Article 7 of the ZJK Regulation No.
Nomination Mechanism of Members of the Board of Directors of BCA Shareholders /
Number and Composition of the Members of the Board of Directors
All members of the Board of Directors have obtained approval from Bank Indonesia or OJK and have passed the Fit and Proper Test before performing duties and functions in their positions, in accordance with Bank Indonesia Regulations No. 13/8/DPNP regarding Fit and Proper Tests, which has been changed to Bank Indonesia Circular Letter No.
Terms of Office for Board of Directors
Division of Duties and Responsibilities of the Board of Directors
Alternative
Alternative I
- Orientation Program for New Members of the Board of Directors
- Training Programs to Enhance Competency of Members of the Board of Directors
- Share Ownership for the Board of Directors that Amounts to 5% or More of Paid-Up Capital
- Dual Positions Held by Members of the Board of Directors
- Performance Assessment of Executive Committee of the Board of Directors
The BCA has a board training program policy in the Board Guidelines and Code of Conduct. Evaluation of the performance of the executive committee of the board of directors of the board of directors.
Assessment Result of Committees under the Board of Directors
- Asset and Liability Committee (ALCO)
- Risk Management Committee (RMC)
- Integrated Risk Management Committee (IRMC) The Integrated Risk Management Committee was
- Credit Policy Committee (CPC)
- Credit Committee (CC)
- Information Technology Steering Committee (ITSC)
- Personnel Case Advisory Committee (PCAC) The Personnel Case Advisory Committee was
Executive Committees of the Board of Directors are established by the Board of Directors to contribute to the fulfillment of the business requirements of the BCA in accordance with the duties and responsibilities of the Board of Directors. Explanations regarding the Executive Committee of the Board of Directors are available on page 413, Chapter Executive Committees of Directors in this Annual Report.
BOARD OF COMMISSIONERS’ MEETINGS, BOARD OF DIRECTORS’ MEETINGS, AND
Board of Commissioners’ Meeting Legal Basis
Meeting Policy
Report of the Board of Directors’ Duties Implementation
Performance Evaluation of Members of the Board of Directors
Meetings held by means of teleconference technology must be recorded and the minutes of the meeting must be signed by all members of the Board of Commissioners present in teleconferences. Minutes of meetings of the Board of Commissioners signed by all members of the Board of Commissioners who attended the meeting must be distributed to all members of the Board of Commissioners.
Quorum and Decision Making
Implementation
Frequency of Attendance, Schedule and Agenda of the Board of Commissioners’ Meetings The frequency and attendance of members of the Board of Commissioners throughout 2020 are as follows
2020 - Presentation of the Integrated Governance Committee - Presentation of the SME and Commercial Affairs Department - Weekly credit decision review.
Plans of the Board of Commissioners’ Meeting for 2021
Board of Directors’ Meeting Legal Basis
Frequency of Attendance, Schedule and Agenda of Board of Directors Meetings The frequency and attendance of members of the Board of Directors throughout 2020 are as follows:
Frequency of Attendance, Schedule and Agenda of the Board of Directors’ Meetings The frequency and attendance of members of the Board of Directors throughout 2020 are as follows
Meeting Plan of Directors in 2021
Joint Meetings of the Board of Commissioners with the Board of Directors
The Board of Commissioners and the Board of Directors schedule joint meetings for the following year before the end of the financial year. Minutes of meetings must be distributed to all members of the Board of Commissioners and the Board of Directors.
Attendance Frequency of the Board of Commissioners in Joint Meetings of the Board of Commissioners and the Board of Directors in 2020
The Board of Commissioners and the Board of Directors must regularly hold joint meetings at least 1 (one) in 4 (four) months. 2) Scheduling and Meeting Materials. The results of the meeting must be stated in the Minutes of the Meeting which are signed by all members of the Board of Commissioners and the Board of Directors who are present in the meeting.
Joint Meeting Plan of the Board of Commissioners and the Board of Directors for 2021
AFFILIATED RELATIONSHIPS
Affiliated Relationships of Members of the Board of Commissioners
Affiliated Relationships of Members of the Board of Directors
Statement of Independence of the Board of Commissioners and the Board of Directors
Independence Policy
Independence Statement of the Board of Commissioners
Independence Statement of the Board of Directors The majority members of the Board of Directors of BCA
The guidelines regulate diversity in the composition of the Board of Commissioners and the Board of Directors in terms of education (field of study), work experience, age, expertise and independence regardless of gender, ethnicity, religion and race. The policy of diversity in the composition of the Board Commissioners and the Board of Directors is set out in.
DIVERSITY IN THE COMPOSITION OF THE BOARD OF COMMISSIONERS AND
Diversity in the Composition of Members of the Board of Commissioners
These considerations will have an impact on the accuracy of the nomination and appointment of individual members of the Board of Directors and the Board of Directors or the composition of the Board of Directors and the Board of Directors jointly. The BCA does not limit the opportunities for women or men who meet the qualification requirements to become members of the Board or the Board of Directors.
Diversity in the Composition of Members of the Board of Directors
PERFORMANCE ASSESSMENT OF THE BOARD OF COMMISSIONERS AND THE
Performance Assessment Procedure of the Board of Commissioners
Performance Assessment Procedure of the Board of Directors
The self-evaluation result of the Board of Directors will be evaluated by the Board of Commissioners through meetings. The average performance assessment result for individual members of the Board was "Very Good".
Performance Assessment Procedure of the President Director
The board of directors is obliged to carry out a self-assessment at least once a year. Each board member completes a self-assessment, which is then evaluated at a board meeting based on the RNC's recommendations.
REMUNERATION POLICY
Remuneration Committee
The Process of Remuneration Policy Development 1. Background and Purpose
Remuneration Policy Coverage and Implementation The scope of the remuneration policy established by BCA
External Consultant Services
Material Risk Takers (MRT) Parties
Remuneration Related to Risk and Performance Remuneration Related to Risk
Procedure of Determination of Remuneration of Board of Commissioners and Board of Directors Procedure
Scheme of Procedure of Proposal and Determination of Remuneration
- Board of Commissioners’ Remuneration Remuneration Structure of Board of Commissioners
- Board of Directors’ Remuneration
- Variable Remuneration
- Remuneration Implementation in BCA
- Variable Remuneration * )
Variable benefits that are unconditionally guaranteed to nominees for boards of commissioners, nominees for board members, and/or nominees for employees. During the first 1 (one) year of service, there are no variable remunerations that BCA would unconditionally guarantee to be paid to candidates for members of the Board of Commissioners, candidates for the Board of Directors and/or candidates for employees.
BOARD OF COMMISSIONERS COMMITTEES
AUDIT COMMITTEE (AC)
Legal Basis
Audit Committee Charter
Structure and Membership of the Audit Committee
Profile and Qualification of Audit Committee Members
Education or Training
Term of Duty of Audit Committee
Independence of Audit Committee Members
The members of the Audit Committee have no direct or indirect share ownership in the BCA. Members of the Audit Committee have no direct or indirect business relationship with the business activities of the BMA.
Duties and Responsibilities of Audit Committee
Authorities of Audit Committee
Policies and Meetings Implementation of Audit Committee’s Meetings
16 27 Agustus 2020 Perencanaan Audit KAP Tanudiredja, Wibisana, Rintis & Rekan (firma anggota PwC Global Network) tahun buku 2020. 22 16 Desember 2020 Update Kemajuan Audit - KAP Tanudiredja, Wibisana, firma Rintis PwC Global Network).
Work Program Performance and Implementation of Audit Committee
21 November 25, 2020 Report on the Results of the Review of Independent External Parties to the Function of the Internal Audit Unit (IAU) and the Maturity Level of the DAI.
RISK OVERSIGHT COMMITTEE (ROC)
ROC Charter
Structure and Membership of ROC
Profile and Qualification of ROC Members Sumantri Slamet
Education or Training Activities
Term of Duty of ROC
Independence of ROC Members
ROC members may not come from the board of directors, the same bank or other banks. Former board members or executive officers of ROC or other parties associated with BCA that could affect their ability to act independently may not become independent parties to serve on the Board unless they have completed a cooling-off period of 6 (six) months.
Duties and Responsibilities of ROC
Authority of ROC
Policies and Meeting Implementation of ROC The ROC helds 4 (four) meetings, at the very
Realization of Work Program and Implementation of Activities of ROC in 2020
REMUNERATION AND NOMINATION COMMITTEE (RNC)
RNC Charter
Structure and Membership of RNC
Profile and Qualification of RNC Members Raden Pardede
E. Setijoso
- Term of Duty of RNC
- Independence of RNC Members
- Duties and Responsibilities of RNC
- Authority of RNC
- Policies and Meeting Implementation of RNC The RNC holds meetings in accordance with the
- The Work Program Performance of RNC Activities in 2020
- Policy Related to Board of Director’ Succession This Board of Directors succession policy covers
- INTEGRATED GOVERNANCE COMMITTEE (IGC) The IGC was formed by and is responsible to the Board of
- IGC Charter
- Structure and Membership of the IGC
- Profile and Qualification of IGC Members Sumantri Slamet
- Term of Duty of IGC
- Independence of IGC Members
- Duties and Responsibilities of IGC
- Authority of IGC
- Policies and Meeting Implementation of IGC
- The Work Program of IGC Activities and Performance in 2020
Prospective members of the Board of Directors and/or Board of Directors shall be submitted to the GMS. Performance evaluation policy for board members and/or board members.
EXECUTIVE COMMITTEES OF THE BOARD OF DIRECTORS
ASSET AND LIABILITY COMMITTEE (ALCO)
Guidelines of ALCO
- Structure, Membership of ALCO, and Voting Rights Status
- Main Functions, Authorities, and Responsibilities of ALCO
- Meeting of ALCO
- Decision Making
- Frequency of ALCO Meetings in 2020
- The Work Program Performance in 2020
- Work Plan of ALCO
- RISK MANAGEMENT COMMITTEE (RMC)
To establish and evaluate policies and strategies related to market risks, such as interest rate risk and currency risk. Decision-making in relation to the exercise of ALCO's powers will only be made through legitimate ALCO meeting resolutions.
Guidelines of RMC
Structure, Membership of RMC, and Voting Rights Status
Main Functions, Authorities, and Responsibilities of RMC
Main Functions of RMC
Authorities of RMC
Duties and Responsibilities of RMC RMC members have the following main duties
- Meeting of RMC
- Frequency of RMC Meetings in 2020
- Accountability Reporting
- Realization of Work Program in 2020
- INTEGRATED RISK MANAGEMENT COMMITTEE (IRMC)
- Structure, Membership of IRMC, and Voting Rights Status
- Main Functions, Authorities, and Responsibilities of IRMC
- Meeting of IRMC
- Frequency of IRMC Meetings in 2020
- CREDIT POLICY COMMITTEE (CPC)
Periodic written report at least once in 1 (one) year to the board regarding the results of the routine RMC meetings. 17/POJK.03/2014 regarding the implementation of integrated risk management for financial conglomerates and OJK Regulation no.
Guidelines of CPC
- Structure, Membership of CPC, and Voting Rights Status
- Main Functions, Authorities, and Responsibilities of CPC
- Meeting of CPC
- Frequency of CPC Meetings in 2020
- Work Plan of CPC
- CREDIT COMMITTEE (CC)
- Structure, Membership of CC, and Voting Rights Status
- Main Functions, Authorities, and Responsibilities of CC
- Meeting of CC
- Frequency of CC Meetings in 2020
- INFORMATION TECHNOLOGY STEERING COMMITTE (ITSC)
KPP meetings are valid if at least 2/3 (two thirds) of the total members participate. The ITSC was created to ensure that the implementation of the information technology (IT) system is in line with BCA's strategic plans.
Guideline/Charter
- Structure, Membership, and Voting Rights Status of ITSC
- Main Functions, Authorities and Responsibilities of ITSC
- Meeting of ITSC
- Frequency of ITSC Meetings in 2020
- PERSONNEL CASE ADVISORY COMMITTEE (PCAC)
- Structure, Membership of PCAC, and Voting Rights Status
- Main Functions, Authorities, and Responsibilities of PCAC
- Meeting of PCAC
- Frequency of PCAC Meetings in 2020
- Work Plan of PCAC
The structure, membership and voting status of the PCAC is regulated in the Board of Directors Decision No. Investigate cases of violations and/or crimes committed by employees that require a resolution of the Board of Directors to follow up on the resolution.
CORPORATE SECRETARY
Structure and Position of Corporate Secretary
GENERAL MEETINGS OF SHAREHOLDERS
CORPORATE SECRETARY AND COMMUNICATIONS DIVISION
Corporate Secretary Profile
Competence Development and Training Programs
Corporate Secretary Functions
Implementation of Corporate Secretary Duties in 2020
Implementation of orientation program for the Board of Directors and/or the Supervisory Board. An orientation program is provided for new members of the Board of Directors and/or the Supervisory Board.
Information Disclosure Report
Meetings of the Board of Directors and/or Board of Commissioners are documented by the Board of Directors Bureau. Board of Directors Bureau submits implementation data of Board of Directors and/or Board of Commissioners.
INVESTOR RELATIONSHIP FUNCTION
Main Duties of Investor Relations
Activities of Investor Relations
Investor Relations Contact
INTERNAL AUDIT FUNCTION
Structure and Position of the Internal Audit Division The Internal Audit Division’s organizational structure is
Appointment/Dismissal of the Head of Internal Audit Division
Profile of the Head of the Internal Audit Division Ayna Dewi Setianingrum
Internal Audit Charter
Independency
Auditor’s Code of Ethics
Duties and Responsibilities of the Internal Audit Division
Audit Implementation Standards
Number of Auditors in the Internal Audit Division
Competency Development
Participation in the Internal Audit Professional Association
Internal Audit Division Activities in 2020
Focus of the 2021 Audit Plan
PUBLIC ACCOUNTING FIRM (EXTERNAL AUDIT)
Evaluation of the implementation of audit services on annual historical financial information by PA and PAF in the previous period. Audit Committee recommendations and considerations used in making recommendations for the appointment of PA and/or PAF.
Effectiveness of External Audit Implementation The Audit Committee evaluates the implementation of audit
The benefits of new eye perspectives to be gained through replacing the PA, PAF and the PAF audit team;. Possible risks for the use of audit services by the same KAP continuously for a long period of time; and/.
Relationship between Bank, Public Accountants, and OJK
2020 Audit Fees
Other Services Provided by PAF/PA Beyond Audit
COMPLIANCE FUNCTION
SKK Organizational Structure
GENERAL MEETING OF SHAREHOLDERS (GMS)
SKK Responsibilities
Integrated Compliance Function
Implementation of the Compliance Function Duties in 2020
We have developed the Compliance Matrix Log as a monitoring tool to maintain BCA's commitment to regulatory reporting obligations. Prepared a quarterly compliance monitoring report to be submitted to the Board of Directors and the Board of Directors.
Compliance Indicators in 2020
She performed consultative functions in connection with the implementation of applicable regulations by advising/answering the questions of the work unit or branch. Monitored and evaluated the compliance function in each of the subsidiaries involved in the BCA financial conglomerate and prepared integrated compliance reports that were submitted to the Board of Directors and the Board of Directors.
Anti-Money Laundering and Prevention of Terrorism Funding Program (AML and CFT)
Higher than the minimum limit. Commitments to OJK, BI and other regulators have been duly fulfilled.
IMPLEMENTATION OF RISK MANAGEMENT
Overview of the Company’s Risk Management System
Subsidiaries
Improving the finalization of integrated risk management policies based on the results of the implementation evaluation. The adequacy of the process of identification, analysis, evaluation and control of risk and risk management information system.
Risks Faced and Managed
- Credit RIsk
- Market Risk
- Operational Risk
- Legal Risk
- Reputational Risk
- Strategic Risk
- Compliance Risk
- Intra-Group Transaction Risk
- Insurance Risk
Quality assessment of the implementation of intra-group transaction risk management is carried out using parameters such as risk management, risk management framework, risk management process, management information system and human resources and the adequacy of the risk control system. Quality assessment application of insurance risk management is carried out using parameters such as risk management, risk management framework, risk management process, management information system and human resources and the adequacy of the risk control system.
Review/Review Results on Management System Implementation Risk
Statement on the Adequacy and Effectiveness of the Risk Management System
INTERNAL CONTROL SYSTEM
The Purpose of Internal Control System
The Framework of Internal Control System
Management
Board of Directors, First Line, and Second Line
Internal Audit Division
Main Components of Internal Control System
Overseeing the board of directors in establishing and maintaining an effective internal control system and ensuring that the system operates safely and reliably in accordance with BCA's objectives, as well as oversight by the BCA Board of Commissioners- of.
Implementation of Internal Control
Head Office internal supervisor to oversee the implementation of internal control in certain work units at Head Office. Compliance report of BCA, including Report on the implementation of AML and CFT program to be submitted to the OJK every 6 (six) months.
Evaluation of Internal Control Systems
BCA has established a subsidiary monitoring unit to monitor the performance development of each of its subsidiaries. Compliance Monitoring Report on the Prudential Principles of BCA, including Report on the implementation of AML and CFT Program to be submitted to the Board of Commissioners, President Director and Deputy President Director every 3 (three) months. 4) BCA's Compliance Risk Management Strategy involves the necessary policies to always comply with applicable regulations, which means proactively taking preventive measures (ex-ante) to minimize the possibilities of violations and taking remedial actions (ex-post) for improvements feed.
APPLICATION OF ANTI-FRAUD STRATEGY
Introduction
Objectives
Circular Letter No.064/SE/POL/2015 Dated April 7, 2015
Concerning Guidelines on the Implementation of Anti Fraud Strategy4 Pilars of Anti Fraud
Strategy
Implementation and Internalization Anti Fraud Declaration
Socialization and Training Anti-Fraud
WHISTLEBLOWING SYSTEM
Objectives of Whistleblowing System
- Whistleblowing Procedure A. Media
- Whistleblower Protection
- Management of Whistleblowing System (WBS) Report Flow
- Parties who Managed the Report
- Disclosure of Internal Fraud and Complaints through Whistleblowing System in 2020 A. Number of Complaints Reported through Whistleblowing System
- Number of Internal Fraud Cases
- Sanctions and Follow-Up on Complaints through the Whistleblowing System
Submit the results of the investigation or follow-up to the decision-making officials (if proven to be fraud). Forwards to the relevant work units for further follow-up (1) - Awaiting data from the whistleblower (2).
GRATIFICATION CONTROL
Background
Gratification Control Policy
Joint Commitment
ANTI CORRUPTION POLICY
Implementation of Anti-Corruption Practices
Annual Disclosure
Internalization of Anti-Corruption Values
Reporting on Corruption
AFFILIATED TRANSACTIONS AND CONFLICT OF INTERESTS
Policy of Affiliated Transactions and Conflict of Interests
42/POJK.04/2020 dated July 1, 2020 regarding related party transactions and conflict of interest transactions, BCA is currently conducting an analysis to improve the internal policy regarding related party transactions and conflict of interest transactions .
Review Mechanism and dan Approval of Affiliated Transactions and Conflict of Interest Transactions
Flow of Affiliated Transactions and Conflicts of Interest Reporting
Affiliated Transactions
Affiliated Parties of BCA are as follows
Companies that have one or more boards or boards that are also members of the board or board of BCA. Anyone who has a family relationship by marriage or family lines up to the second degree, either horizontally or vertically, with members of the Board of Directors, the Board of Directors and/or major shareholders of BCA.
Realization of Affiliated Transaction in 2020 Throughout 2020, BCA has 9 (nine) affiliated transactions
Company controlled by BCA is company directly or indirectly controlled by BCA. Details of disclosure of BCA affiliated parties, nature of relationship, nature of transactions, and details of significant balances and transactions with related parties are in accordance with PSAK 7 (Revision 2015) which can be seen on Consolidated Financial Statements – Audited on Notes No .
Nature of Affiliated Relationship
Fairness of Transaction
Compliance of Affiliated Transactions with the Applicable Procedures
Conflict of Interests Transactions Policy Related to Conflicts of Interest
Policy of Conflict of Interest for Board of Directors and Board of Commissioners
Disclosure of Conflicts of Interest Transactions
Independent Parties in Affiliated and Conflicts of Interest Transactions
LEGAL CASES
Criminal Law Issues
Civil Law Issues
It is against the law not to grant the restructuring loan and the auction must be done on the basis of. Throughout 2020, BCA did not face any significant risk for legal matters, because based on self-assessment, BCA's legal risk level is in a "low" position.
SIGNIFICANT CASES
ADMINISTRATIVE SANCTIONS FROM RELATED AUTHORITIES
INFORMATION ACCESS AND CORPORATE DATA
Communcation Channels of Stakeholders
Providing solutions to transaction problems and to products and/or services while in use. Investors and Shareholders Financial performance and implementation of the principle of prudence and good corporate governance.
Product Information and Transparency
Media
- BCA Website
- BCA Social Media
- List of Press Releases in 2020
- Correspondence with OJK and IDX
80 July 16, 2020 BCA and Desa Wisata Institute hold webinar on tourism village strategy after COVID-19 81 July 24, 2020 BCA distributes donations for inadequate housing in Surakarta. 109 Oct 24, 2020 BCA always by your side through #BankingFromHome during the long holidays 110 Oct 26, 2020 PT Bank Central Asia Tbk Jan-Sep 2020 - Solid Liquidity Results v.
