Good Corporate Governance
Lonsum is committed to the highest standards of corporate governance and consistently strives to strengthen its transparency, accountability, responsibility, fairness and independence practices in
the Company’s operations.
The Company’s corporate governance practices are guided by all prevailing laws and regulations applicable in Indonesia.
Pursuant to the Law No. 40 Year 2007 regarding Limited Liability Companies (“Company Law”) and Lonsum’s Articles of Association, the control and management of the Company is executed through the General Meeting of Shareholders (“GMS”), the Board of Commissioners and the Board of Directors. These three organs, along with Lonsum’s Committees and the Corporate Secretary, play a role in implementing good corporate governance.