Corporate Governance

Corporate Governance


PT Vale Indonesia continuously worked to improve our sustainable Good Corporate Governance (GCG) implementation. For us, a sustainable GCG implementation will support our efforts to achieve our purpose, to improve life and transform the future. Together.

GCG Structure

Our GCG framework is based on the principles of transparency, accountability, responsibility, independence and fairness. GCG implementation improvement is conducted by adopting changes to the prevailing laws and regulations as well as best practices on charters, norms, internal policies, standard operating procedures and business process.

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General Meeting of Shareholders

The General Meeting of Shareholders (GMS) is the main forum for shareholders to exercise their rights and make important decisions related to their investments in the Company with observance to the prevailing laws and regulations and the Company’s Articles of Association.

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Board of Commissioners

The Board of Commissioners is responsible for overseeing the Company’s management by the Board of Directors in accordance with the Articles of Association and providing assistance to the Board of Directors in determining the Company’s strategy, as well as providing suggestions, advice and recommendations to the Board of Directors regarding certain issues and matters.

The Board of Commissioners is supported by the Audit Committee, the Governance, Nomination and Remuneration Committee and the Risk Mitigation Committee.

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Board of Directors

Under the coordination of the President Director, the Board of Directors is collegially responsible for the management of the Company in an effective, efficient and prudent manner for the interest, objectives and purposes of the Company as well as representing the Company inside and outside the court in accordance with the Articles of Association of the Company.

The Board of Directors is supported by the Internal Audit Unit, Corporate Secretary and the Risk Management Unit.

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Governance policy

Our company is supported by various internal policies that provide guidance in applying the principles of good corporate governance.

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Risk Management

The Company is aware of the importance of risk management in every aspect of the business. The Company has applied the risk management system which considers ISO 31000, ISO 55001 and COSO-ERM.

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Whistleblowing System

PT Vale Indonesia has an independent violation reporting service system, the VWC, directly connected with Vale S.A Ethics and Conduct Office, in Brazil, who manages reports received.

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Anti-Corruption Program

Vale has zero tolerance towards corruption, and believes that abuse of power for obtaining personal gain is not a fair way to do business.

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