Corporate Policy
In line with the development of the Company’s activities since its establishment in 1989 to the present, the Company is committed to delivering quality services to its customers and maintaining harmony and balance between the Company and its stakeholders.
In this regard, the Company continued to refine its governance practices in terms of policy, monitoring, implementation and evaluation to provide better results.
The Company must align the existing business dynamics by establishing a corporate policy, among others:
- Increasing the score for the Implementation of General Shareholder Meetings (GMS).
- BeFa has both open and closed methods or technical procedures of collecting votes that prioritize independence and the interests of shareholders.
- All members of the Board of Directors and Board of Commissioners of the Public Company are present in the Annual GMS.
- Increasing the Communication Quality of a Public Company with Shareholders or Investors
- BeFa discloses its Public Company communication policy with shareholders or investors in its website.
- Strengthening the Membership and Composition of the Board of Commissioners.
- Determination of the number of Commissioners takes into account the condition of BeFa
- Determination of the composition of the Board of Commissioners takes into account the diversity of required skills, knowledge and experience.
- Increasing the Quality and Responsibility of the Board of Directors’ Implementation of Duties.
- The Board of Commissioners has a policy of resignation for any member involved in a financial crime.
- The Board of Commissioners or Committee that carries out the Nomination and Remuneration function formulates a succession policy in the Nomination process of Board of Directors members.
- Strengthening the Membership and Composition of the Board of Directors.
- Determination of the number of members of the Board of Directors takes into consideration the condition of the Public Company and effective decision making.
- The determination of the composition of the Board of Directors takes into account the required diversity of expertise, knowledge, and experience.
- Increasing the Quality and Responsibility of the Board of Directors’ Implementation of Duties.
- The Board of Directors has a policy of resignation if a member of the Board of Directors is involved in financial crime as set forth in the Code of Ethics of the Company
- The determination of the composition of the Board of Directors takes into account the required diversity of expertise, knowledge, and experience.