Semen Baturaja Wins Best State Owned Enterprise & Top 50 Mid Capitalization of Public Listed Companies (Mid Cap PLCs) in the 13th IICD Corporate Governance Award 2022

Best State Owned Enterprises & Top 50 Mid Capitalization of Public Listed Companies (Mid Cap PLCs)” with Good Governance Practices

JAKARTA – PT Semen Baturaja (Persero) Tbk (SMBR) succeeded in realizing its commitment to Good Corporate Governance (GCG) by winning the “Best State Owned Enterprise” award as well as obtaining the “Top 50 Mid Capitalization of Public Listed Companies (Mid Cap PLCs)” with Good Corporate Governance Practices. Good governance at the 13th Indonesia Institute for Corporate Directorship (IICD) Corporate Governance Award 2022 held at the Financial Hall, Graha CIMB Niaga, Jakarta on Friday (27/05).

The award was presented by the Vice Chairman of Research IICD Lukas Setia Atmaja and received directly by the President Director of SMBR Daconi. SMBR is considered as one of the best public companies in its commitment to implementing Good Corporate Governance (GCG).

The event was also attended by the Vice President of the Republic of Indonesia for the 2009 – 2014 period, Boediono, the Minister of Communication and Information for the 2014-2019 period, Rudiantara, and IICD Chairman Sigit Pramono.

“This award is a form of appreciation for the hard work of all SMBR levels in developing and implementing GCG principles in all work units. We will continue to maintain and improve good governance so that we are able to maintain stakeholder trust and always be the leading public company in implementing GCG,” said Daconi.

The IICD event again gave awards to issuers who had implemented good corporate governance (GCG) practices in the previous year and were not involved in serious cases that conflicted with GCG principles at The 13th IICD Corporate Governance Awards.

The assessment is carried out on 200 issuers with the largest and medium market capitalizations listed on the Indonesia Stock Exchange, where in conducting the assessment they are divided into 2 groups, namely 100 issuers with the largest market capitalization (big cap) and 100 issuers with medium market capitalization (mid cap). supported by 10 assessors.

SMBR is included in the middle market capitalization group (Mid Cap PLCs) and has received an assessment score based on the Asean CG Scorecard. The results of the assessment of these 200 issuers were presented by James Simanjuntak after the opening of the event.
GCG practices in the Company have received awards from year to year. In 2021 SMBR won Best Overall & Top 50 Mid Capitalization The 12th IICD Corporate Governance Award 2021 and Top 50 Mid Capitalization Public Listed Company The 11th IICD Corporate Governance Award 2019.

“Thank you for the support from all parties, so that SMBR is able to implement good corporate governance with the hope that SMBR will always be a company with the best GCG practices every year.” he concluded.{}