Governance

Since its establishment, PPA has been committed to implement good corporate governance principles consistently. PPA is committed to implement this practice even with the change of its status to a going concern SOE.

This commitment has developed a corporate ethic that is reflected in the attitude and behavior of PPA’s personnel in conducting their tasks, responsibilities and guard the trust given to them by the Stakeholders. The implementation of this corporate ethic was one of the decisive success factors in PPA’s performance during its first 5 year of operations.

The structure of PPA’s corporate governance is essentially formed from the implementation of tasks, function, and responsibilities of each corporate organ, which are the General Shareholders Meeting (“GSM”), the Board of Commissioners, and the Board of Directors.  Based on the Article of Association, the Board of Directors conduct actions that are required to manage the company in accordance with its purposes. In turn, the Directors are supervised by the Board of Commissioners, which by the Article of Association have the duty to supervise the policies and the management of PPA, as well as providing advice to the Board of Directors. The Board of Commissioners and the Board of Directors are responsible to the Shareholder through the General Shareholders Meeting.