The Good Corporate Governance & Business Ethic implementation within PERTAMINA has become necessary in maintaining the transparency and accountability of company management to all stakeholders. In the reporting period, the Company continued implementing the road map to transform state-owned enterprise (SOE), which had been prepared since 2016 and the White Paper on the Establishment of Oil and Gas Holding in 2018.
With the new structure, PERTAMINA is expected to be more focused as an energy company in developing world-class capabilities. Internally, transformation can reduce cost transfers and support accelerated business scale growth to become a leading global energy company with a market value of USD100 billion and a driving force for social development in 2024.
Professionally runs all its business activities, PERTAMINA has a Code of Conduct (CoC) as a guidelines apply and serve as a reference for all PERTAMINA personnel, external parties acting for and on behalf of PERTAMINA, its subsidiaries, and PERTAMINA's partners, that based on the Decree of the President Director No. Kpts- 42/C00000/2017-S0 dated 22 June 2017
PERTAMINA having strong commitment to runs its business without conflict of interest and influence/ pressure from any party. The Company has Conflict of Interest Guidelines based on the Board of Directors’ Decree No.Kpts-088/Cooooo/2009-SO concerning Conflict of Interest.
