PT Sarana Menara Nusantara, Tbk. ("SMN") is committed to complying with, and even moving beyond, the Good Corporate Governance ("GCG") standards and principles prescribed by the prevailing laws and regulations in Indonesia. SMN believes that operating under GCG policies provides added value and protection, as well as transparency, to the shareholders and stakeholders. SMN's Corporate Governance framework provides for checks and balances while allowing management flexibility for prompt decision-making in the ordinary course of business.
Apart from simply complying with all legal and regulatory requirements, SMN endeavors to apply GCG practices as a key element to enhance its attractiveness and competitiveness in the domestic and foreign equity and debt markets. To provide accountability and transparency to the shareholders, SMN delivers financial reports regularly as required by SMN's Articles of Association and capital markets laws and regulations. These reports include periodic financial reports to be delivered to Otoritas Jasa Keuangan ("OJK") and PT Bursa Efek Indonesia (the "Indonesian Stock Exchange or "IDX"), as well as other relevant reports as specified in the capital markets regulations.
SMN continues to monitor compliance with the Principles of GCG as stipulated by OJK and IDX rules.