Embracing Green Growth for the Future

Corporate Governance

Corporate Governance

Good Corporate Governance (GCG) is a structure and mechanism that regulates the management of a company in order to generate sustainable value for shareholders and stakeholders. Compliance with GCG principles contributes to the improvement of the company’s performance.

Implementation of GCG Principles

Guided by the basic principles of GCG and the basic guidelines of GCG Indonesia, PT Maharaksa Biru Energi Tbk established a management system that includes the following elements:


Accountability is guaranteed through the report of the Board of Directors to the Board of Commissioners and joint evaluation of the Company’s financial performance, submission of financial reports to the Annual General Meeting of Shareholders (GMS), establishment of an internal audit committee and appointment of an external auditor, and compliance with business ethics standards and the company’s code of conduct.


Transparency is implemented through delivering relevant and easily accessible information. PT Maharaksa Biru Energi Tbk provides information to the public and shareholders, and published regularly through Public Exposes, printed and electronic media, as well as investor forums.


PT Maharaksa Biru Energi Tbk. uphold compliance with laws and regulations and fulfill obligations to society and the environment through Corporate Social Responsibility (CSR) programs


PT Maharaksa Biru Energi Tbk. ensure that the management of the company is carried out without any dominating organization or intervention from other parties.

Fairness and Equality

PT Maharaksa Biru Energi Tbk pays attention to the interests of shareholders and stakeholders, as well as ensuring equal treatment of the public and capital market authorities. PT Maharaksa Biru Energi Tbk also maintain good relations with employees by being heedful to their rights and obligations fairly and equally.

General Meeting of Shareholders (GMS)

As a corporate organ that has the highest authority, the GMS becomes a medium for shareholders to exercise their rights, such as appointing and dismissing Commissioners and Directors, determining compensation for the Board of Commissioners and Directors, as well as voting on important matters and corporate actions that risk causing harm to the company.