Good Governance

INTEGRATED GOVERNANCE IMPLEMENTATION YEAR 2019

ANNUAL REPORT OF INTEGRATED GOVERNANCE IMPLEMENTATION
PT ORIX INDONESIA FINANCE – PT SINAR MITRA SEPADAN FINANCE
PERIOD OF JANUARY 2019 – DECEMBER 2019
 
 
1. Self Assessment Report of Integrated Governance Implementation for 1 (one) fiscal year. 
 
Period of January 2019 – June 2019
Self Assessment Result
Implementation of Integrated Governance
Rating
Rating Definition
2
Financial conglomeration are considered to have implemented a generally good implementation of Good Corporate Governance. This is reflected in the adequate fulfillment of the implementation of the principles of Integrated Governance. In the event of weaknesses in the implementation of Integrated Governance, the weaknesses are generally less significant and can be solved by normal action by the Main Entity and / or LJK.
 
Period of July 2019 – December 2019
Self Assessment Result
Implementation of Integrated Governance
Rating
Rating Definition
2
Financial conglomeration are considered to have implemented a generally good implementation of Good Corporate Governance. This is reflected in the adequate fulfillment of the implementation of the principles of Integrated Governance. In the event of weaknesses in the implementation of Integrated Governance, the weaknesses are generally less significant and can be solved by normal action by the Main Entity and / or LJK.
 
 
2. The Structure of Financial Conglomeration
 
Main Entity
PT ORIX Indonesia Finance
Member of Conglomeration
PT Sinar Mitra Sepadan Finance
 
 
3. The Structure of share ownership in the Financial Conglomeration that describes the parties who become Financial Service Institution shareholders in the financial conglomeration up to the ultimate shareholders.
 
 
4. The management structure of the Main Entity and Financial Service Institution in the Financial Conglomeration
 
A. The management structure of  PT ORIX INDONESIA FINANCE per 31 December 2019
 
Board of Commissioner Structure
No.
Position
Name
1
President Commissioner
I Ketut Wartika
2
Vice President Commissioner
Harukazu Yamaguchi
3
Commissioner
Kenro Seishima
4
Independent Commissioner
Fabian Buddy Pascoal
     
Board of Director Structure
No.
Position
Name
1
President Director
Takehisa Kaneda
2
Vice President Director
Detty Hindrati
3
Director
Ratnisari Kartawiria
4
Director
Shinichi Ishida
 
B. The management structure of PT SINAR MITRA SEPADAN FINANCE per 31 December 2019 
 
Board of Commissioner Structure
No.
Position
Name
1
President Commissioner
Takehisa Kaneda
2
Vice President Commissioner
Kenro Seishima
3
Commissioner
Shin Hamada
4
Independent Commissioner
Mahendra Wardhana
 
Board of Director Structure
No.
Position
Name
1
President Director
Shuji Otake
2
Director
Takehiro Onishi
3
Director
Yukio Minagawa
4
Director
Margaretha Krisanti Sugiri
5
Director
Firman Juahta Pinem
6
Director
Rully Mieke Octaviana

 

5. Intra-group transaction policy
 
PT ORIX Indonesia Finance conducts intra-group transactions with PT Sinar Mitra Sepada Finance under the terms of both parties supported by sufficient legal documentation.
 
Intra-group transactions are conducted under general terms and conditions in an arm's leghth transaction, so there is no special treatment for such transactions.
 
Each of the parties involved is PT ORIF and PT SMSF will monitor the intra-group transactions, starting from the beginning of the transaction until the settlement of the transaction.
 
Currently, written policies for intra-group transactions are in the process of designing.