General Information

Short Description

Regulations that provide the implementation of good governance principles in banks in the implementation of business activities.

Content

In general, this POJK regulates:

1. The Bank's obligation to apply the principles of Good Governance to the Bank in organizing business activities. 

2. Implementation of Good Governance principles in the Bank, which at least includes openness, accountability, responsibility, independence and fairness, 

     and is at least realized in the implementation of duties, responsibilities, and authorities of the Board of Directors and the Board of Commissioners, 

     completeness and implementation of committee duties, handling conflicts of interest, implementation of compliance functions, implementation 

     of internal audit functions, implementation of external audit functions, implementation of risk management, remuneration, provision of funds to related 

     parties and provision of large funds, integrity of reporting and information technology systems, the Bank's strategic plan, shareholder aspects, 

     implementation of anti-fraud strategies, implementation of sustainable finance, and implementation of governance in bank business groups, implementation 

     of governance at branch offices of banks domiciled abroad, and administrative sanctions. 

3. This POJK also regulates reports on the implementation of governance and assessment of the implementation of governance. Further provisions regarding 

     the scope and procedures for preparing the governance implementation report are stipulated by the Financial Services Authority.

Regulations Status