Corporate governance structure

Corporate governance structure

PT Vale operation in Sorowako, Indonesia
The General Meeting of Shareholders

The Company strives continuously to promote a systematic and sustainable GCG implementation

In an increasingly competitive and challenging business world, the Company recognizes the importance of building and maintaining stakeholder’s trust. Therefore, the Company commands a high commitment to the implementation of good corporate governance (“GCG”) so it can conduct its business in a healthy and ethical manner, and continuously improve its performance, transparency, accountability and responsibility in the eyes of its stakeholders. 

By upholding these values, the Company continuously seeks to achieve the Company’s vision and mission while maximizing long-term value for shareholders, providing continuous benefits and welfare for the country, in particular for the communities where it operates, and the preservation of the environment.

As a limited liability company, incorporated and regulated in accordance with Law No. 40 of 2007 regarding Limited Liability Companies, the Company’s governance structure comprises three main organs i.e. GMS, Board of Commissioners and Board of Directors. Each has an important role to play in the implementation of GCG in accordance with their respective functions, duties and responsibilities.

PT Vale governance structure

In performing its functions, duties and responsibilities, the Board of Commissioners is supported by the Audit Committee, Governance, Nomination and Remuneration Committee and the Risk Mitigation Committee. The Board of Directors is supported by the Internal Audit Unit, Corporate Secretary and Risk Management Unit.

Click here to read more about our Boards and Committees