ASEAN Corporate Governance Score Card
Part | Parameter | Company Practice in 2021 | Source Document |
---|---|---|---|
D.1 Transparent ownership structure | |||
D.1.1 | Does the information on shareholdings reveal the identity of beneficial owners, holding 5% shareholding or more |
As a listed State-Owned Enterprise Bank, the largest shareholder of the Company is the Republic of Indonesia amounting to 60% of the shares, which places the Republic of Indonesia as the controlling shareholder. Moreover, the State of the Republic of Indonesia also has 1 (one) sheet of Series A Dwiwarna Shares, which provides the holders privileges that are not granted to other shareholders and at the same time are the Controlling Shareholders. Beyond that, 40% of the Company’s shares are publicly owned. Other than Republic of Indonesia, there is no shareholders that hold more than 5% shareholding as December 2020.
The information is mentioned in:
|
BTN Annual Report FY 2020
Share Ownership |
D.1.2 | Does the company disclose the direct and indirect (deemed) shareholdings of directors (commissioners)? |
BTN has disclosed the shareholdings of major and/or substantial shareholders in the Annual Report with the form of table and some information such as amount of shareholding, country, and status. The information is mentioned in:
|
BTN Annual Report FY 2020 |
D.1.3 | The company's efforts to ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development? |
BTN has disclosed the Board of Commissioners' and Board of Directors' shareholding. The information is mentioned in:
|
BTN Annual Report FY 2020 |
D.1.4 | Does the company disclose the direct and indirect (deemed) shareholdings of senior management? | BTN has disclosed the direct and indirect (deemed) shareholdings of senior management. |
Share Ownership Senior Management 2020
Annual Report FY 2020 P.129 |
D.1.5 | Does the company disclose details of the parent/holding company, subsidiaries, associates, joint ventures and special purpose enterprises/ vehicles (SPEs)/ (SPVs)? |
As of December 31, 2020, the Company does not have subsidiaries, associates, joint ventures and special purpose vehicle (SPV).
The information is mentioned in: Bank Tabungan Negara Annual Report FY 2020, Composition of Shareholders, BTN Annual Report Page 130. |
BTN Annual Report FY 2020 |
D.2 Quality of Annual Report | |||
Does the company's annual report disclose the following items: | |||
D.2.1 | Corporate objectives |
Bank Tabungan Negara has disclosed the corporate objectives.The Strategic Plan is outlined in the Corporate Plan and Business Plan in accordance with the Bank’s Vision and Mission. The information is mentioned in:
|
Bank BTN Annual Report FY 2020 |
D.2.2 | Financial performance indicators |
Bank Tabungan Negara has disclosed the financial performance indicators. The information is mentioned in:
|
Bank BTN Annual Report FY 2020 |
D.2.3 | Non-financial performance indicators |
Bank Tabungan Negara has disclosed the company non-financial performance indicators, such as Customer Satisfaction Index & Market Share. The information is mentioned in:
|
Bank BTN Annual Report FY 2020 |
D.2.4 | Dividend policy |
Bank BTN has disclosed dividend policy.To approve the use of the 2017 net income of Rp3,027,466,149,252.00 as follows: a. Dividends of 20% or Rp605,493,229,850.40 stipulated as a Cash Dividend distributed to Shareholders to be paid under the following conditions:
The information is mentioned in:
|
Bank BTN Annual Report FY 2020
Dividen Pay Out Ratio |
D.2.5 | Biographical details (at least age, academic qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of all directors/commissioners |
Bank Tabungan Negara has disclosed the detail of biographical all Board of Directors & Board of Comissioners. The information is mentioned in:
|
Bank BTN Annual Report FY 2020 |
D.2.6 | Attendance details of each director/commissioner in all directors/commissoners meetings held during the year |
Bank Tabungan Negara has disclosed the attendance details of each director/commissioner in all directors/commissioner meetings throughout 2020. The information is mentioned in:
|
Bank BTN Annual Report FY 2020 |
D.2.7 | Total remuneration of each member of the board of directors/commissioners |
The disclosure of total remuneration for the Board of Directors & Board of Commissioners in one year is grouped. The information is mentioned in:
|
Bank BTN Annual Report FY 2020 |
Corporate Governance Confirmation Statement | |||
D.2.8 | Does the Annual Report contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue? |
Bank Tabungan Negara has disclosed the information in a tabular form indicating each principle and guideline and commenting on if they have complied or not.The company has provided:
|
The information is mentioned in: |
D.3 Disclosure of related party transactions (RPT) | |||
D.3.1 | Does the company disclose its policy covering the review and approval of material RPTs? |
The policy covering the review of material RPTs is disclosed in the Annual Report. However, there is no disclosure regarding approval of material RPTs.
The Annual Report states that review of transactions with related parties through a good audit process carried out by the auditor internal and external auditors to ensure fairness of transactions and conformity with accounting standards that are generally accepted in Indonesia, reporting of the above transaction has been audited by The auditor. One of the purposes for disclosing transactions related party is an effort to fulfill PSAK 7 (revised 2010) and the Capital Market and Institution Supervisory Agency Finance No. IX.E.1 concerning Affiliate Transactions and Conflict of Interest of Certain Transactions. |
Annual Report 2021 page_299-309
Standard Operating Procedure of Credit Decision Process on Commercial Credit Flowchart of Credit Decision Process on Commercial Credit Standard Operating Procedure of Credit Decision Process on Consumer Credit Flowchart of Credit Decision Process on Consumer Credit Internal Policy of Related Party transaction |
D.3.2 | Does the company disclose the name, relationship, nature and value for each material RPTs? | There is information pertaining the name, relationship, nature, and value for each material RPTs in the Annual Report. | Annual Report 2020 page 292-299 |
D.4 Directors and commissioners dealings in shares of the company | |||
D.4.1 | Does the company disclose trading in the company's shares by insiders? | Bank Tabungan Negara disclosed the Board of Commissioners' and Board of Directors' shareholding. |
Bank Tabungan Negara Annual Report FY 2020, page 129
BOD dan BOC Share Ownership BOD dan BOC Share Ownership (details) |
D.5 External auditor and Auditor Report | |||
Where the same audit firm is engaged for both audit and non-audit services | |||
D.5.1 | Are the audit and non-audit fees disclosed? | The Company’s Public Accountants and Public Accounting Firms do not provide other services other than the scope of Audit Services (Financial Reports, PKBL, Compliance Reports and Internal Control and Performance Evaluation Reports) in 2020 so there is no information on other audit service fees. | Bank Tabungan Negara Annual Report FY 2020, 535-537 |
D.5.2 | Does the non-audit fee exceed the audit fees? | The Company’s Public Accountants and Public Accounting Firms do not provide other services other than the scope of Audit Services (Financial Reports, PKBL, Compliance Reports and Internal Control and Performance Evaluation Reports) in 2020 so there is no information on other audit service fees. | Bank Tabungan Negara Annual Report FY 2020, 535-537 |
D.6 Medium of communications | |||
Does the company use the following modes of communication? | |||
D.6.1 | Quarterly reporting |
Bank Tabungan Negara uses Quarterly Financial Report as medium of communication with the shareholders and stakeholders. Such quarterly reports may be downloaded on Bank Tabungan Negara Website The information is mentioned in:
|
Quarterly Financials
BBTN Q4 2020 BBTN Q1 Tahun 2021 BBTN Q2 Tahun 2021 BBTN Q3 Tahun 2021 |
D.6.2 | Company website |
Bank Tabungan Negara uses Company Website as medium of communication.The information is mentioned in:
| Bank BTN Website |
D.6.3 | Analyst's briefing |
Bank Tabungan Negara prepares Analyst's Meeting as a medium of communication. Such information may be accessed through Bank Tabungan Negara The information is mentioned in:
|
Analyst Meeting per Maret 2020 Unaudited
Analyst Meeting per 30 Juni 2020 - Unaudited Analyst Meeting per September 2020 Unaudited Analyst Meeting per December 2020 (Audited) |
D.6.4 | Media briefings /press conferences |
Bank Tabungan Negara has conducted several Public Expose and Press Conference during 2020.The information is mentioned in:
|
Bank BTN Annual Report FY 2020 |
D.7 Timely filing/release of annual/financial reports | |||
D.7.1 | Are the audited annual financial report / statement released within 120 days from the financial year end? | Audited annual financial statement is released on 16 February 2021, within 120 days from 31 December 2020. The information is mentioned in: www.idx.co.id |
www.idx.co.id
Advertisement Submission of Information on Annual Financial Report |
D.7.2 | Is the annual report released within 120 days from the financial year end? |
Annual Report is released on 16 February 2021 through Indonesia Stock Exchange website, within 120 days from the 31 December 2020.
The information is mentioned in: www.idx.co.id |
www.idx.co.id
Submission Annual Report |
D.7.3 | Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company? |
Board of Directors has affirmed the true and fairness/fair representation of the annual financial statement.
The information is mentioned in:
|
Bank BTN Annual Report FY 2020 |
D.8 Company website | |||
Does the company have a website disclosing up-to-date information on the following: | |||
D.8.1 | Financial statements/reports (latest quarterly) |
Bank Tabungan Negara has disclosed the latest quarterly financial statement on its website.
The information is mentioned in: Bank Tabungan Negara Website, Menu Investor Relations - The Company Report - Quarterly Report |
Quarterly Financials
BBTN Q4 2020 BBTN Q1 Tahun 2021 BBTN Q2 Tahun 2021 BBTN Q3 Tahun 2021 |
D.8.2 | Materials provided in briefings to analysts and media |
Bank Tabungan Negara has disclosed the materials provided in briefings to analysts and media on its website.
The information is mentioned in:
|
Corporate Presentation |
D.8.3 | Downloadable annual report |
Bank Tabungan Negara website provides up-to-date downloadable annual report.
The information is mentioned in:
|
BTN Sustainability Report FY 2020 |
D.8.4 | Notice of AGM and/or EGM |
Bank Tabungan Negara has disclosed notice of AGM and EGM on its website.
The information is mentioned in:
|
Invitation AGMS 2021 |
D.8.5 | Minutes of AGM and/or EGM |
Bank Tabungan Negara has disclosed minutes of AGM and EGM on its website.
The information is mentioned in:
|
Meeting Materials of AGMS 2020 |
D.8.6 | Company's constitution (company's by-laws, memorandum and articles of association) |
Bank Tabungan Negara has disclosed the company's articles of association on its website.
The information is mentioned in:
|
Articles of Association |
D.9 Investor relations | |||
D.9.1 | Does the company disclose the contact details (e.g. telephone, fax, and email) of the officer / office responsible for investor relations? |
Bank Tabungan Negara has disclosed contact details of the officer/office responsible for investor relations on its website and annual report.
The information is mentioned in:
|
Access to Company Data and Information - AR FY 2020 page 569 |