Money: Lippo Karawaci LPKR

PT Lippo Karawaci Tbk ("Lippo Karawaci") was founded on a vision to impact lives through the development of well-planned sustainable independent townships within green environments and first class physical and social infrastructure.
Over more than a decade, the Company has proven itself to be a highly trusted property developer with a most recognisable brand name. It is the owner of the largest diversified landbank and a leader in pioneering projects in strategic locations throughout Indonesia.
Through a merger of 8 property related companies in 2004 the Company has expanded its business portfolio to encompass urban development, large scale integrated developments, retail malls, healthcare, hotels and leisure, as well as a fee-based income portfolio.
Lippo Karawaci is now the largest listed property company in Indonesia by total assets and revenue, with a unique and integrated business model. It operates Indonesia’s premier private hospital group, the only one achieving world class standards, and is an undisputed retail property industry leader.

Since Lippo Karawaci embarks its journey of transformation at the end of 2010, one of the major changes which made by the Management is a firm commitment to accelerate growth with strong foundation to achieve a sustainable business development. The Company builds the foundation through the implementation of Corporate Governance (CG) in all aspects of the business as well as every level of it organization. By implementing the Corporate Governance Principles, expectedly, the Stakeholder will get more transparency and the most recent development information regarding the performance and the prospects of the Company. Lippo Karawaci LPKR

Good Corporate Governance (GCG) is a key factor for underpinning the integrity and efficiency of a company. It indicates the pattern of relationship among the Management, the Stakeholders, and also the Shareholders. Therefore, PT Lippo Karawaci Tbk implements GCG is not only for regulation compliance, but also as an important thing in running the Company’s business in order to maintain sustainable business growth, increase the value of the Company as well as the efficiency of managing the Company.

As one of the credible public listed companies in Indonesia, the Company continues to implement the 5 GCG principles by Organisation for Economic Co-Operation and Development (OECD), which are: Transparency, Accountability, Responsibility, Independence, and Fairness as explained more below:

1. Transparency

Transparency means openness and a willingness by the Company to provide clear information to shareholders and other stakeholders. In order to maintain objectivity in performing business, the Company provides Financial Statement, Investor Information, and other materials or relevant information which have been stored in company website www.lippokarawaci.co.id, to ease Shareholders, Stakeholders, and the public to access the data; as well as written in every Annual Report of the Company. Those informations are disclosed in a timely, adequately, accurately, and clearly.

2. Accountability

This principle refers to the responsibility of the Management to the Shareholders and other stakeholders regarding Company’s objectives, strategies, and achievements. Accountability is required to maintain consistency in performing duties. It also entails the Management to provide reports of all Company’s activities and decisions, especially in financial administration to the Board, Shareholders, and interested parties. The Management should also reveal if any unachieved goals and the reason.

3. Responsibility

Responsibility is to show the conformity and compliance of the Company’s management with the applicable rule of laws and regulations. It is implemented through various seminars and workshops for every level of employees. It shows the same opportunity to grow together in the Company. Furthermore, as a good corporate citizen, the Company also implements its responsibility toward sustainablity of the environment, public welfare and healthy living.

4. Independence

Independence refers to the Company’s action in managing its business in a professional manner without any conflict of interest and influences or presssure from any party that is in contravention with the laws and regulations. It shows every decision which is made by the Company is objective by considering many aspects but free from pressure of any third parties.

4. Fairness

In this principle, the Management is required to provide the equitability for all the shareholders, either the major shareholder or the minor and ensure that the shareholders and stakeholders have the same rights. Therefore, the Company always provides the same opportunity in voting in the AGM for all shareholders; Besides that, the Company also provides the same opportunity to all stakeholders by providing regularly training, seminar, or workshop for all levels. Lippo Karawaci LPKR

Head Office
7 Boulevard Palem Raya 22-00 Menara Matahari
Lippo Karawaci Central, Tangerang 15811
Banten - Indonesia
Phone : +62 21 2566 9000
Fax : +62 21 2566 9098/99
Email : corsec@lippokarawaci.co.id

Lippo Karawaci LPKR