Corporate Governance
In carrying out its business activities, the Company is committed to always prioritize the application of GCG principles that consist of transparency, accountability, fairness, independence, and responsibility, to deliver a healthy and conducive work climate as well as the ability to increase the trust of shareholders and other stakeholders in the future.
Charter
| Year | File Name |
|---|---|
| 2017 | Internal Audit Charter |
| 2017 | Audit Committee Charter DVL-2017 |
| 2016 | BOC Charter |
| 2016 | BOD Charter |
| 2016 | Nomination Remuneration Guidelines |
Audit Committe Information
Audit Committee conducted the coordination meeting during 2020 on March 24, May 28, July 23 and October 27 with 100% presence.
Vendor Selection
Darya-Varia has policies relating to vendor selection. This policy is intended to ensure that procurement of goods and/or services at Darya-Varia is conducted in honest, competitive, fair, and transparent manner, as well as delivers added value. During the selection process, suppliers must meet the technical and administrative qualifications specified by Darya-Varia. Meanwhile, Darya-Varia also requires that suppliers comply with the prevailing Vendor Code in Darya-Varia in carrying out their business activities. Darya-Varia has formalized this policy in Standard Operating Procedure documents approved by Darya-Varia's management team and will be updated from time to time in order to adapt with business needs of Darya-Varia.
Risk Management
In carrying out its business activities, Darya-Varia realizes that there are various types of risks that potentially arise at any time and, if that happens, it may affect the performance and image of Darya-Varia. To prevent or minimize the negative impacts arising from each type of risk, Darya-Varia has applied a risk management system that aims to identify, analyse, manage, as well as to implement the appropriate risk mitigation strategies so that Darya-Varia's objectives can be achieved and Darya-Varia's business activities always run smoothly.
Whistleblowing System
As one of a Good Corporate Governance forms, Darya-Varia applied Whistleblowing System which is an integral part of Company's Code of Ethics. Whistleblowing System is a media or mechanism for reporting the irregularities, fraud performed by employees; violations of policies, procedures, as well as Company's ethics and values.
Please report to speakup.WBL@darya-varia.com.
Nomination and Remuneration Guidelines
In compliance with Otoritas Jasa Keuangan Regulation No.34/POJK.04/2014 dated December 8, 2014 concerning Nomination and Remuneration, the Company shall have Nomination and Remuneration functions. At the Board of Commissioners ("BOC") meeting of the Company on June 3, 2015 it was resolved that the functions of the Nomination and Remuneration shall be exercised by the BOC.
To carry out these functions, the BOC have established the guidelines which among other specify, duties and responsibilities, procedures, meetings, and disclosure and reporting related to the Nomination and Remuneration functions
Nomination and Remuneration Function
As required by Otoritas Jasa Keuangan Regulation No.34/POJK.04/2014 dated December 8, 2014 concerning Nomination and Remuneration (“POJK 34/2014”), the Company shallhave Nomination and Remuneration functions. Based on the said POJK 34/2014, in the event Nomination and Remuneration Committee is not formed, such nomination and remuneration functions shall be implemented by the Board of Commissioners of the Company (“BOC”).
It was resolved at the Company’s BOC meeting on June 3, 2015, the nomination and remuneration function will be exercised by the BOC.
Code of Ethics
