Page 81 - XL Axiata Integrated Anual Report 2020 ENG

2020 Integrated Annual Report 79
In addition, the Company also encourages the GCG supporting principles within the Company’s work culture:
1. Professionalism and integrity.
2. Efficiency and effectiveness.
3. Law abiding citizen.
GCG ROADMAP
Since it was founded, XL Axiata has built a GCG Roadmap, which further translated in the form of Governance strategy for each performing year.
XL Axiata GCG Roadmap is built and implemented from year to year by focusing on 4 (four) parts:
a. Identification of areas that require improved governance.
b. Development of governance in a form of internal policy documents, standard operational procedures of
implementation of socialization activities.
c. Implementation and Supervision of the governance that has been built.
d. Adjustments made to ensure that governance that has been built is in line with applicable legislation.
GCG ROADMAP
GCG Roadmap output:
2015 Compliance with the new Financial Services Authority regulation in the form of renewal of the Working Guidelines for the Nominating and Remuneration Committee, amendment to the Company’s Articles of Association in particular to the implementation of the General Meeting of Shareholders and the Board of Commissioners and the Board of Directors as well as the website revamp in accordance with the provisions of Financial Services Authority regulations.
Implementation of BoardPac as a tool to support the effectiveness of decision-making process by the Board of Directors and Board of Commissioners.
Rationalization of the Committee under the Board of Directors.
2016 •
Renewal of Guidelines and Policy amongst others: a. Board Manual and Code of Ethics.
b. GCG Manual.
c. Blackout Policy.
• Establishment of Policy amongst others:
a. Director Sucession Policy.
b. Subsidiary Policy.
c. Board of Directors and Board of Commissioners Sharesownership Policy.
d. Multiple Board Membership Policy for the Board of Directors and the Board of Commissioners.
• Establishment of Limit of Authority in each Unit within the Company.
• Board Orientations
• Implementation of Board Effectiveness dan Self & Peer-to- Peer Assessment.
TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION PT. XL AXIATA TBK