Page 79 - XL Axiata Integrated Anual Report 2020 ENG

2020 Integrated Annual Report 77
XL Axiata’s consistent solid performance is in part a reflection of the Company’s strong commitment to good corporate governance (GCG) practices. Continuous GCG implementation has nurtured integrity and professionalism in all individuals within the Company. To continue operating at this level, the GCG system also needs to be updated regularly. The updates aim to not only complete
the GCG structure, but also to enhance GCG process efficiency, transparency, and legal compliance.
Corporate
Governance
GCG digitalization has been a part of that effort. Having introduced its digitalization initiative in 2013, XL Axiata
is recognized as a pioneer in this area. The Company started by digitizing the meetings of its Board of Directors and Board of Commissioners and then expanded to
the General Meeting of Shareholders. In the past, the Company used a QR code that contained links to meeting materials, set up an online registration system for GMS participants, and streamed video to facilitate shareholders abroad. In 2020, the Company moved further by implementing online GMS, or e-GMS. The Company
sees e-GMS as beneficial in the long-term, especially to ensure that all shareholders can exercise their voting rights, wherever they are. For this innovation, XL Axiata received the IDX Channel Innovation Award 2020. Beyond e-RUPS, digital transformation was also reflected from the implementation of electronic signature (e-signature) in XL Axiata’s operations and for both its external and internal requirements by collaborating with one of the e-signature providers that is registered with the Indonesian Ministry
of Communications and Informatics. This cooperation ensures that e-signature has equal legality and legal power as wet signatures. The implementation of the electronic signature system highlights XL Axiata as one of the companies that have taken proper and extensive steps
to adapt to COVID-19 pandemic situation, including by ensuring the readiness of its GCG.
XL Axiata’s GCG compliance is also recognized at the ASEAN level. The Company consistently obtained high scores in the Asean Corporate Governance Scorecard. In June 2020, ACGS announced XL Axiata to be one of the top 10 companies in Indonesia to make it into the prestigious 2019 ASEAN Asset Class for best corporate governance.
TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION PT. XL AXIATA TBK