ASEAN Corporate Governance Scorecard

2016 ASEAN Corporate Governance Scorecard Self Assessment

Part 1 Rights of Shareholders

Part 2 Equitable Treatment of Shareholders

Part 3 Role of Stakeholders

Part 4 Disclosure and Transparencey

Part 5 Responsibilty of The Board

Top 50 Best Publicly Listed Company in ASEAN Corporate Governance Scorecard

In 2015, PT Bank Danamon Indonesia, Tbk received the accolade as one of the 50 Best Publicly Listed Companies in Southeast Asia and 3 Best Publicly Listed Companies in Indonesia based ASEAN Corporate Governance Scorecard in the ASEAN Corporate Governance Award 2015 by ASEAN Capital Market Forum. Additionally, Danamon was also awarded "Best Overall" in 7th IICD Corporate Governance Conference and Award 2015,  which is assessed by the Indonesian Institute for Corporate Directorship (IICD).

The ASEAN Corporate Governance Scorecard is a benchmark to assess Corporate Governance Practices of South East Asian publicly listed companies and is an initiative of the ASEAN Capital Market Forum.   

Danamon's achievement as a top 50 publicly listed company in southeast Asia in the ASEAN GC Scorecard is a realisation of Danamon's commitment to raise the quality of its Good Corporate Governance practices, which among others include transparency and social responsibillity.

Danamon is fully commited to continously improve its GCG implementaion. Aside from reffering to CGC best practices at national level, Danamon aspires to refer to GCG best practices at national level. To archive this aspiration, Danamon has the following GCG roadmap:

 2015

  • Established Compliance, Risk Management as well as Integrated Internal Audit, Risk Management Committee and Corporate Governance Committee
  • Conducted Integrated Governance Guidelines
  • Implemented an integrated governance and risk management in accordance with applicable regulations

 

2014

  • Harmonized and enhanced the implementation of GCG practices with the rules applied legislation primarily  to the recommendation of the Financial Services Authority which is set out in the Corporate Governance Roadmap Indonesia.
  • Harmonized and enhanced the implementation of GCG practice with ASEAN CG Scorecard
  • Facilitated all members of the BoC with refreshment risk management training course
  • Broke down the Nomination and Remuneration Committee into two committees, namely the Nomination Committee and Remuneration Committee
  • Refered to the applicable regulations, adjust the structure of the Audit Committee, Risk Monitoring Committee, Remuneration Committee, Nomination Committee
  • Ehnanced and updated Guidelines and Rules of the BoC, Directors, Audit Committee, Risk Monitoring, Nomination Committee, Remuneration Committee and Corporate Governance Committee
  • Issued improved policies which manage the implementation of affiliate transactions and conflict of interest
  • Improved the performance of the BoD by enhancing and updating policies of tasks division and to be responsible for each member of the BoD


2012-2013

  • GCG alignment with subsidiaries
  • Delegate Operational Risk Management function to Business Unit and Supporting Unite levels
  • Implementation of Compliance Regulatory Self Assessment (CRSA) by system
  • E-Learning Compliance system and UKPN
  • Established ORM Committee under BoD\
  • Analyzed Danamon’s GCG implementation against ASEAN CG Scorecard
  • Sustainability report following the Global Reporting Initiative (GRI) Standart 
  • Issued improved policies which manage the implementation of affiliate transactions and conflict of interest
  • Improved the performance of the BoD by enhancing and updating policies of tasks division and to be responsible for each member of the BoD


2009-2011

  • Refine e-learning Compliance Module to further improve employee’s compliance awareness
  • Refine and update the Audit Committee and Risk Monitoring Committee Charters
  • Established Compliance Committee
  • Updated Anti-Money Laundering/Combating Financing Terrorism Strengthened compliance risk management through Compliance Regulatory Self Assessment (CRSA)
  • Refine and update Nomination and Remuneration Committee Charter
  • Refined Whistleblower Policy
  • Developed Risk Appetite Statement
  • Analyzed and evaluated GCG implementation in subsidiaries (ADMF, AD, and AQMF)
  • Improved the performance of the BoD by enhancing and updating policies of tasks division and to be responsible for each member of the BoD


2006 – 2008

  • Published GCG manual for employees at all levels as the practical guidelines for GCG principles implementations
  • Provided confidential channel for employees and/or suppliers to report suspicious activities/occurrence of fraud, corruption and/or violation of Code of Conduct
  • Applied investment policy that regulates employees’ personal investment activities
  • Applied policy regarding treatment for confidential information of Danamon, segregate the Risk and Audit Committee and Risk Monitoring Committee, Established Nomination and Remuneration, Committee and Corporate Governance Committee
  • Expand compliance function’s coverage to subsidiaries PT Adira Dinamika Multi Finance Tbk, PT Asuransi Adira Dinamika, and PT Adira Quantum Multifinance. Appointed Independent Commissioners as Chairman for Committees under BoC.
  • Refine and update Corporate Governance Committee Charter
  • Improved the performance of the BoD by enhancing and updating policies of tasks division and to be responsible for each member of the BoD