JAKARTA – The management of the Indonesian Credit Guarantee Corporation (Jamkrindo) is encouraging the implementation of good corporate governance (GCG) to improve performance. This state-owned guarantee company has formed an internal GCG monitoring team since December 13, 2012.
This internal team is responsible for monitoring and evaluating the implementation of good corporate governance. In addition, Jamkrindo has also partnered with the Financial and Development Supervisory Agency (BPKP) to jointly develop and implement CGC within the company as well as corporate management.
A memorandum of understanding (MoU) was signed by Jamkrindo President Director Diding S. Anwar, Deputy Head of BPKP for State Accountants Ardan Adiperdana, and BPKP Head Mardiasmo at Swiss-Belhotel Jakarta yesterday (18/12).
Also present were Jamkrindo’s commissioners, directors, and supervisory board members. Diding stated that the cooperation with BPKP is intended to further strengthen management’s confidence in applying the principles of good corporate governance. This, in turn, is expected to improve the company’s performance and help achieve the set targets.
According to him, good governance is one of the keys to a company’s success in growing and being profitable in the long term, as the implementation of GCG principles is closely related to the public’s trust in the company. “This is also an implementation of the Ministry of SOEs’ regulation that requires state-owned companies to apply good corporate governance,” Diding explained.
He revealed that the assessment conducted by the public accounting firm Husni, Mucharam & Rasidi (HMR) in 2010 resulted in Jamkrindo achieving a score of 80.34, and the self-assessment in 2011 achieved a score of 82.41. This means that Jamkrindo’s corporate governance is categorized as good.
“In the future, we want to improve further until the score is nearly perfect,” said Diding. The cooperation with BPKP is intended to sharpen and enhance the quality of GCG implementation, including the preparation of systems, rules, and evaluations (both assessment and self-assessment). BPKP Head Mardiasmo said that with this MoU, BPKP will provide assistance in implementing CGC at Jamkrindo.
For example, they will assist in managing existing assets, as well as in the procurement process. “Jamkrindo’s assets are quite substantial, amounting to around Rp6 trillion,” said Mardiasmo. He continued, noting that the MoU needs to be followed up with a clear and detailed work plan.
It must be clear who is responsible for each task and to whom accountability lies. “My suggestion is to form a task force to monitor the implementation of this MoU so that it is not just on paper,” he said.
Source: indopos.co.id