KPEI is fully committed to continuously improve the quality of its good corporate governance practices. Therefore, in 2020, KPEI has conducted self-assessment on its GCG practices, the result was released in early 2021.
The instrument used in the assessment was based on the CG Scorecard of Association of Southeast Asian Nations (ASEAN) derived from the GCG principles of the Organization for Economic Co-operation and Development (OECD, 2015) which were modified based on KPEI’s special characteristics, in accordance with the rules and regulations of Indonesia FSA and other relevant authorities, as well as the applicable best practices, such as the Principles for Financial Market Infrastructure (PFMI) (CPSS-IOSCO, 2012).
Based on the results of the self-assessment, KPEI's governance practice achieved a score of 95.68%, at an Excellent level, higher than last year's score at 94.16%.
Below are the Quality Qualification for GCG Implementation and the KPEI GCG Implementation Quality Assessment Result for 2020.
QUALITY QUALIFICATION FOR GCG IMPLEMENTATION
|QUALITY LEVEL||COMPLIANCE PERCENTAGE|
|Excellent||More than 85%|
|Good||Greater than 75% to 85%|
|Fair||Greater than 60% to 75%|
|Poor||Greater than 50% to 60%|
|Bad||Less than 50%|
KPEI GCG IMPLEMENTATION QUALITY ASSESSMENT RESULT OF 2020
|GCG PRINCIPLES||COMPLIANCE LEVEL|
|Company Roles in Capital Market||99.10%|
|Protection for Users||98.55%|
|Protection for Shareholder||96.43%|
|Protection for Stakeholders||96.49%|
|Disclosure and Technology||96.55%|
|Board of Commissioner's Role||90.60%|
|Audit Committee's Role||91.40%|
|Board of Director's Role||93.69%|
|Internal Control and Risk Management||88.89%|
|Internal Audit's Role||97.22%|
|Credit Policy and Risk Management Committee||100%|
|Other Corporate Control Aspects: Strategic, HR, Finance||94.44%|
|Government Practice Assessment||100%|
|Code of Ethics and Code of Conduct||100%|