Page 179 - XL Axiata Integrated Anual Report 2020 ENG

2020 Integrated Annual Report
177
Principles Recommendations
Explanation On OJK Recommendations
Long-term incentive is a given incentive based long-term performance achievement. The long-term incentive plan has the rationale that the long-term performance of the company is reflected in the growth of shares value or other long-term target of the company. Long-term incentive shall have the benefit to maintain loyalty and provide motivation to the The Board of Directors and employees to improve their performance or productivity which will have an impact on improving the company’s performance in the long run. The availability of a long-term incentive policy is an actual commitment
by the Public Company to encourage the implementation of long-term incentive to the Board of Directors and Employees with terms, procedures and forms being adjusted to the long-term objectives of the Public Company. The policy can include, amongst other, the purpose of objective in providing the long-term incentive, terms and procedures in providing the incentive, and condition as well as risks that must be considered by the Public Company in providing the incentives. This policy can also be included in the existing public company remuneration policy.
Explanation On OJK Recommendations
The use of information technology can be useful as a medium for information disclosure. The disclosure of information is not only information disclosure that has been regulated in legislation, but also other information related to the Public Company, upon consideration is useful to shareholders or investors. Upon the use of wider of information technology than the Website, the company is expected to improve the effectiveness of information dissemination. Nevertheless, the use of information technology is carried out while taking into account the benefit and costs of the company.
The Capital Market Regulation that regulates
the submission of annual reports of Public Company has regulated the obligation to disclose information regarding shareholders wth 5% (five percent) or more shares of the Public Company, as well as the obligation to disclose information about directly or indirectly main and contolling shareholders of Public Company up to the owner of the last benefit in the ownership of the shares. In this Governance Guideline, it is recommended to disclose the ultimate benefit owner of the shares of the Public Company at least 5% (five percent), in addition to disclosing the owner of the final benefit of share ownership by the main and controlling shareholders.
The Public Company has a long-term incentive policy
for the Board of Directors and employees.
Comply
XL Axiata has a policy on long-term incentives to Board of Directors members and employees in the form of
the 2016-2020 Long Term Incentive Program.
Disclosure
Principles
Principle 8
Enhancing
the Disclosure Implementation
Recommendations
The Public Company utilizes technology information wider than the Website
as a media for information disclosure.
The Annual Report of Public Company disclose the ultimate benefit owner in Public Company share ownership
at least 5% (five percent), other
than final beneficial owner disclosures
in ownership shares of the Public Company through main and controlling shareholder
Comply
In addition to the official website, the Company also has channels to deliver information, including Facebook (myXL)
Youtube (xploration) Twitter (@xlaxiata_tbk), Instagram (@xlaxiata_ tbk) and LINE (@myXL).
As disclosed in this Annual Report Chapter Corporate Data.
TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION
PT. XL AXIATA TBK