Corporate Governance Consolidated Financial Statements Corporate Data

5. Results of GCG Assessment 2. Implementation of duties and responsibilities of

5.1. GCG Self Assessment Implementation
In 2015, BCA conducted its GCG self assessment
review in accordance with the Regulations of Bank
Indonesia and Bank Indonesia Circular Letter on
GCG Implementation for Commercial Banks. The
assessment falls into 3 (three) governance aspects,
namely:
1. Governance Structure;
2. Governance Process; and
3. Governance Outcome.
The 3 aspects of Governance are evaluated in the 11
(eleven) Assessment Factors below:
1. Implementation of duties and responsibilities of
the Board of Commissioners;
the Board of Directors;
3. Adequacy and implementation of duties of the
Committees;
4. Handling of conflict of interests;
5. Implementation of compliance function;
6. Implementation of internal audit function;
7. Implementation of external audit function;
8. Implementation of risk management, including
the internal control system;
9. Funding to related party and large exposures;
10. Transparency of financial and non-financial
condition of the Bank, GCG implementation
report; and
11. The Bank’s strategic plan.
Results of the Good Corporate Governance
implementation self-assessment in the first and second
half of 2015 is categorized under “Rank 1” (“Very Good”).

Results of The GCG Implementation Self-Assessment at BCA

Rank Rank Definition

Individual 1 Overall, implementation of Good Corporate Governance (GCG) by the Management

of BCA is rated excellent. As reflected in the substantial implementation of GCG
principles. Any remaining weaknesses in the implementation of GCG principles
are either generally considered not significant or would soon be corrected by the
Management of BCA.

Analysis

The analysis of the Self Assessment on aspects of Governance Structure, Governance Process and Governance Output as
applied to each of the GCG Implementation Assessment Factor can be summarized below:
1. The governance structure as per all the GCG Implementation Assessment Factors is more than adequate and
comprehensive.
2. The governance process as per most of the GCG Implementation Assessment Factors is very effective, supported by a
more than adequate governance structure and infrastructure.
3. The governance output as per most of the GCG Implementation Assessment Factors is of high-quality, resulting from
governance processes that are mostly very effective with the support of a more than adequate governance structure and
infrastructure.

241
PT Bank Central Asia Tbk 2015 Annual Report
 BCA in Brief Letter to Shareholders
5.2. Assessment of GCG Implementation by External
Party
To evaluate and measure the implementation of GCG
in BCA, in 2015 BCA participated in the GCG research
and ranking program in Indonesia – Corporate
Governance Perception Index (CGPI) organized by
The Indonesian Institute for Corporate Governance
(IICG) in collaboration with SWA Magazine.
The CGPI theme in 2015 is “Good Corporate
Governance in the Perspective of Value Creation.”
The assessment consists of 4 (four) stages, as
follows:
a. Self assessment;
b. Document assessment;
c. essay assessment;
d. Observation.
As a result of its participation in the program, BCA
was awarded “The Most Trusted Company” (“Highly
Trusted”), which is the highest valuation possible.
In 2015, The Indonesian Institute for Corporate
Directorship (IICD) performed an evaluation and
ranking for 100 largest listed companies by market
capitalization listed at the Indonesia Stock exchange.
In the 2015 IICD Conference and Corporate
Governance Awards, BCA obtained an award under
“The Best Financial Sector” category.
6. GCG Implementation Report
BCA’s Good Corporate Governance Implementation
Report in 2015 was prepared in accordance with
the Bank Indonesia Regulation no.8/4/PBI/2006
dated 30 January 2006, as amended by the Bank
Indonesia Regulation no.8/14/PBI/2006 dated 5
October 2006, and Circular Letter of Bank Indonesia
no.15/15/DPnP dated 29 April 2013 concerning the
Implementation of Good Corporate Governance for
Commercial Banks.
The BCA’s Good Corporate Governance report has to
cover at least the following:
242
PT Bank Central Asia Tbk 2015 Annual Report
Management Discussion and Analysis
1. Transparency of Good Corporate Governance
Implementation as referred by point IX Circular
Letter of Bank Indonesia no.15/15/DPnP dated
29 April 2013; and
2. GCG Implementation Self Assessment Report
in accordance with the assessment period of
Bank Soundness Level for the past 1 (one) year.
Transparency of Good Corporate Governance
implementation includes:
A. GCG implementation disclosures include:
1. Implementation of duties and
responsibilities of the Board of
Commissioners and Board of Directors;
2. Adequacy and implementation of duties of
the Committees;
3. Implementation of compliance, internal
audit, and external audit functions;
4. Implementation of risk management,
including the internal control system;
5. Funding to related party and large
exposure;
6. Strategic planning;
7. Transparency of financial and non-financial
conditions that have not been disclosed in
other reports;
8. Other information related to GCG.
B. Share ownership of the members of Boards of
Commissioners and Directors with an equity
amount of 5% (five percent) or more, including
the type and number of shares in:
a. BCA;
b. Other banks;
c. non Bank Financial Institutions; and
d. Other companies;
domiciled in Indonesia or overseas.
C. Financial relationships and family relationships
of members of the Board of Commissioners
and Board of Directors with other members of
the Board of Commissioners, Board of Directors
and/or Controlling Shareholders.