MNC Bank is committed to maintaining the highest levels of governance and instilling a professional and ethical culture that values exemplary behavior, environmental awareness, and personal and corporate integrity.
Good corporate governance (GCG) is not simply a compliance measure, but rather a strong link between quality governance practices and value creation. Therefore, from the outset, we have taken steps to ensure a strong foundation within the Bank for implementing GCG principles: transparency, accountability, responsibility, independence, and fairness, as we officially became a public company.
The implementation of these GCG principles demonstrates our commitment as part of the Bank's mission to enhance the company's competitiveness and build our core banking business with structured and professional management. Based on the Bank's code of corporate governance, the Bank implements GCG principles outlined in two pillars as part of its GCG implementation.
The main foundation for GCG implementation is building a strong governance structure, consisting of a comprehensive and solid Board of Commissioners,
Board of Directors, and management. This includes the functioning of committees at both the Board of Commissioners and Board of Directors levels, which support the implementation of the duties and responsibilities of the Bank's management. The second foundation is governance commitment, namely a strong commitment to implementing GCG principles from the company's organs: the General Meeting of Shareholders, the Board of Commissioners, the Board of Directors, and all stakeholders.
The Bank also internalizes GCG principles to all levels of management and employees, highlighting the importance of consistently implementing GCG principles in each work unit. GCG principles have essentially been absorbed into the Bank's corporate values, which are systematically socialized. The expected end result of the internalization/socialization of GCG and work culture is the development of behaviors that reflect GCG culture.
