We have launched the Corporate Governance Code (CGC) as well as the Code of Conduct (CoC) on 25 June 2014 and furthermore have introduced both codes to our investee companies during the Saratoga’s 3rd Annual CXO Network gathering on 23 August 2014.
The effective application of the principles of transparency, accountability, responsibility, independency and fairness that are the foundation of Good Corporate Governance (GCG), enhances our corporate governance practices. We have convinced our investee companies to apply the Company’s CGC and CoC across all of their business activities.
The CGC and CoC were the follow-ups of a corporate governance assessment that was conducted by International Finance Corporation in 2013. As a listed company in Indonesia and in response to the intention of the Company and its founders to be recognized in the market as a leader in the implementation of GCG in Indonesia, Saratoga continuously enhances its corporate governance practices.
Saratoga’s Commitment in Good Corporate Governance
We believe that the implementations of CGC and CoC support us in achieving our business objectives as well as protect the interests of all stakeholders. Furthermore, it ensures the creation of an inclusive balance between economic and social interests, individual and public interests, internal and external interests, short-term and long-term interests as well as those of shareholders and other stakeholders.