KPEI Corporate Governance Practice Assesment

​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%
Haircut Committee 100%
Corporate Secretary 100%
Other Corporate Control Aspects: Strategic, HR, Finance 94.44%
Government Practice Assessment 100%
Code of Ethics and Code of Conduct 100%
TOTAL 95.68%