Governance

Since its establishment, PPA has committed to implement Good Corporate Governance principles, consistently throughout the fulfillment of its duties and responsibilities.

The PPA’s commitment to establish corporate ethics is reflected in the personnel’s attitude and the discharge of their duties, responsibility and trust given by the Stakeholders. The implementation of this corporate ethics values are one of PPA’s decisive success factors of PPA in carrying out their duties. By maintaining the same commitment, PPA is optimistic will offer better performance in the future.

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

As a form of management accountability to stakeholders, the annually audit of PPA financial statements was done by an independent auditor. It was done to ensure that stakeholders have reliable and objective information to the financial statements presented. This was done so that stakeholders have reliable and objective information of the Financial Statements.

Here are the list of Public Accounting Firms which have carried out PPA’s Financial Audit:

 

Year Book

Independent Auditor (Public Accounting Firms)

Opinion of the Financial Statements

2010

Kantor Akuntan Publik Amir Abadi Jusuf

Unqualified Opinion

2009

Hadori, Sugiarto Adi dan Rekan ( HLB International)

Unqualified Opinion

2008

Purwantono, Sarwoko dan Sandjaja (Ernst & Young)

Unqualified Opinion

2007

Purwantono, Sarwoko dan Sandjaja (Ernst & Young)

Unqualified Opinion

2006

Purwantono, Sarwoko dan Sandjaja (Ernst & Young)

Unqualified Opinion

2005

Prasetio, Sarwoko dan Sandjaja (Ernst & Young)

Unqualified Opinion

2004

Prasetio, Sarwoko dan Sandjaja (Ernst & Young)

Unqualified Opinion