Foundation in Asset Management
As a State asset management company which has been assigned to gain an optimum contribution, besides examining the market condition, the company takes into consideration the regulations and laws involved in State asset management, transparency as well as accountability to the public. Furthermore, as an SOE, in performing its duties, PPA always obeys and refers to the SOE Laws, Government Regulations and other related regulations and comply with the principles of good corporate governance.
Regarding to ex-IBRA asset management, PPA’s activities are based on Asset Management Agreement between MoF and PPA which was initially signed on March 24, 2004 that covered five years term and can be renewed annually.
On restructuring and/or revitalization of SOE, PPA’s flow of activities are referred to Peraturan Menteri Negara BUMN Nomor PER-01/MBU/2009 dated 8 April 2009, concerning: Pedoman Restrukturisasi dan Revitalisasi Badan Usaha Milik Negara Oleh Perusahaan Perseroan (Persero) PT Perusahaan Pengelola Aset, while the formation of Restructuring and Revitalization Committee which consists of Steering Committee, Executice Committee, Working Team and Secretariat is based on Keputusan Menteri Negara BUMN Nomor KEP-123/MBU/2009 dated 26 May 2009 concerning: Pembentukan Komite Restrukturisasi Dan Revitalisasi Badan Usaha Milik Negara.