1989
The Company was established in Jakarta as a brokerage house on November 2.
1997
The Company conducted an Initial Public Offering of Shares, with ticker symbol BHIT.
1999
- The Company focused on investment business and became an Investment Company.
- The Company transferred the securities business to PT Bhakti Capital Indonesia and PT Bhakti Asset Management.
- PT Bhakti Capital Indonesia Tbk became holding company for financial services sector.
- MCOM set up PT Media Nusantara Citra (MNC) as holding company for content-based media.
- The Company officially held 20% shares of PT MNC Sky Vision.
- MNC conducted an Initial Public Offering of Shares, with ticker code MNCN.
- MCOM acquired 51% shares of PT MNC Sky Vision.
- The Company entered into energy and natural resources business.
- PT Bhakti Capital Indonesia Tbk acquired UOB Life Sun Assurance and changed its name to PT MNC Life Assurance (MNC Life).
- MCOM increased its stake in PT MNC Sky Vision to become 75.4%.
- Rebranding of the Company’s subsidiaries in financial services sector to MNC Securities, MNC Asset Management and MNC Finance.
- PT Bhakti Capital Indonesia Tbk acquired PT Jamindo General Insurance and changed its name to PT MNC Asuransi Indonesia (MNC Insurance).
- MSKY conducted an Initial Public Offering of Shares, with ticker code MSKY.
- PT Bhakti Capital Indonesia Tbk changed its name to PT MNC Kapital Indonesia Tbk.
- The Company entered into property business by acquiring shares of PT MNC Land Tbk with a total shareholding of 26.23%.
- The Company changed its name from PT Bhakti Investama Tbk to PT MNC Investama Tbk.
- The Company celebrated its 25th anniversary.
- The Company, MNC Financial Services, and its subsidiaries occupied a new head office at MNC Financial Center.
- The Company through MNC Financial Services acquired share ownership of PT Bank ICB Bumiputera Tbk, to become the controlling shareholder and changed its name to PT Bank MNC Internasional Tbk (MNC Bank).
- The Company through MNC Financial Services acquired 99.99% ownership of PT Indo Finance Perkasa and changed its name to PT MNC Guna Usaha Indonesia (MNC Leasing)
- The Company launched MNC Play Media, an interactive multimedia broadband service using Fiber To The Home (FTTH) technology.
- The Company launched SindoTV, its fourth national Free-to-Air (FTA) TV station.
- Grand launch of iNews TV (previously known as SindoTV), a national television network, which has the most and widely spread local television networks in Indonesia.
- The Company through MNC Land has completed the construction of 3TV Stations and Office Buildings in Kebon Jeruk and a News Center at Kebon Sirih.
- The Company through MNC Land signed an international cooperation agreement with Trump Hotel Collection and the Korea Land and Housing Corporation.
- The Company through MNC Travel launched www.misteraladin.com, online travel services focusing on accommodation, ticketing, and tour packages.
- Soft launch of MeTube.co.id, online streaming and video sharing platform.
- Inauguration of RCTI, MNCTV, and GTV offices and studios, called MNC Studios in Kebon Jeruk.
- Soft launch of brandoutlet.co.id, a fashion e-commerce platform.
- The Company implemented a transformation system in the financial services business units, including integrated call center, disaster recovery center, and private cloud technology as well as transformation system in the internet and mobile banking, new online mobile trading, core system, and compliance and automation system.
- GlobalTV rebranded to GTV.
- iNewsTV rebranded to iNews.
- Indovision rebranded to MNC Vision.
- Brandoutlet.co.id rebranded into The F Thing (thefthing.com), a fashion e-commerce platform.
- MNC Group inaugurated MNC Innovation Center to develop all business units towards digitalization.
- Inauguration of MNC Financial Services integrated branch offices in Surabaya, Pekanbaru, and Medan.
- PT MNC Securities rebranded to PT MNC Sekuritas.
- PT MNC Land Tbk (MNC Land) and Hyatt Hotels Corporation announced plans to bring the first Park Hyatt hotel in Indonesia in Jakarta.
- PT MNC Studios International (MSIN) issued an Initial Public Offering (IPO). MSIN is the largest content production company in the Asia Pacific.
- The grand launching of One East Penthouse and Residences Collection, in Surabaya
- The Company celebrated its 30th anniversary
- Initial Public Offering (IPO) of PT MNC Vision Networks Tbk (IPTV), the largest pay-TV and broadband network operations through MNC Vision, K Vision, MNC Play and Vision+
- RCTI+ is officially launched, the Over the Top (OTT) streaming service for the 4 FTA TV of MNCN
- Acquisition 60% shares of K-Vision by IPTV
- Launch of Smart Payment Indonesia (SPIN), a super app that connects all MNC Group business units in one financial ecosystem
- Soft launch of Trump Residences Lido and Bali
- Soft opening of MNC x Koléga, a co-working space in Park Tower, Jakarta
- Grand opening of Oakwood Hotel & Residence in Surabaya Media Nusantara Citra MNCN
Founded in 1989, PT MNC Investama Tbk, also known as MNC Group has grown to become one of the largest national business groups in Indonesia.
Under the leadership of its Founder and Executive Chairman Hary Tanoesoedibjo, MNC Group has become the leader in 4 strategic businesses: media, financial services, entertainment hospitality and e-commerce and other digitals.
In the advertising and content-based media, 4 FTA TV Stations from MNC Media: RCTI, MNCTV, GTV, iNews dominates the market with the highest number of audience share.
MNC Media has successfully produced variety of contents for all generations of all segments.
Best drama series with the highest audience share produced by MNC Pictures also theatrical films in Indonesia.
Top animation programs that entertain and educate Indonesian families by MNC Animation.
Reality shows that inspire, presented by AMP Production
The biggest talent search programs that birth numerous talents and stars from all across Indonesia under the biggest talent management in Indonesia, SMN.
Studio based productions that create the biggest talent searches from Indonesian Idol, Masterchef Indonesia, Kontes Dangdut Indonesia, The Voice Indonesia, and the pioneer in talent search Esport Star Indonesia also a number of special programs like Indonesian Television Awards, Billboard Indonesia Music Awards, Indonesia Movie Actor Awards, Anugerah Dangdut Indonesia, Indonesian Esports Awards, Tik Tok Awards Indonesia.
MNC Media is very focused and consistent with the development of its digital business through the super app RCTI+ one application, all entertainment: video, news, radio and podcast, talent search feature, and games.
Also digital music label and social media management with exponential growth in followers and subscribers under Starhits.
On top of TV news broadcast, MNC has 5 leading news and information portals Okezone.com, Sindonews.com, iNews.id, IdxChannel.com, and Celebrities.id and a number of radio networks and streaming.
In content-based media, MNC Media produces more than 20,000 hours new contents in a year, managing library with more than 300,000 hours of contents. MNC Media also owns the largest MCN (Multi-Channel Network) with more than 200 million subscribers and followers.
In the subscription-based media, MNC Vision Network or IPTV is the largest in Indonesia for direct-to-home or satellite pay-TV, fixed broadband pay-TV, and OTT.
MNC Vision is the pioneer and the largest in Indonesia in direct to home or DTH-based pay TV. It has its own satellite called Indostar II with S-band technology, which is resistant to weather disturbance in Indonesia.
Meanwhile, K-Vision is present to serve the DTH needs for lower-middle-income segment with prepaid business model. K-Vision sells set-top boxes and grows very fast now as it reaches 6 million subscribers, making K-Vision the largest prepaid DTH company in Indonesia.
In broadband segment, IPTV presents MNC play which offers fiber to the home technology with high-speed internet and pay-TV services.
MNC Play offers complete variety of contents with catch-up TV and timeshift features.
MNC Play’s innovation presents the launching of Playbox, an android TV box that provides complete FTA national and international content channels with catch-up TV feature.
The last platform under IPTV is Vision+ the largest OTT-based video streaming in Indonesia that offers more than 10,000 hours of video on demand, more than 120 linear channels, and produces original contents with Vision Pictures.
All those strengths combined make IPTV different and superior compared to other operators.
In financial services sector, MNC Kapital is the main holding company of MNC Group that provides complete and integrated financial services.
MNC Bank has been innovating to become the bank of the future with mobile banking Motion.
The leading MNC Finance and MNC Leasing currently have developed a digital information system and financing application SIAP to deliver faster and better credit processing.
MNC Sekuritas, as one of the leading securities companies, is getting more ahead with its online trading MNC Trade and for the international stock market, Auerbach Grayson is present to deliver its best services.
Collaboration of MNC Insurance and MNC Life provides complete range of general and life insurance products for Indonesian families with easy access through Hario application anytime anywhere
MNC Asset Management is increasingly trusted to manage a variety of investment and mutual funds products currently all connected through MNC Duit application.
In fintech, MNC Teknologi Nusantara operates SPIN, Smart Payment Indonesia, with e-money, e-wallet and digital transfer platforms. SPIN has just launched SPIN Points, loyalty points program to integrate all digital platforms of MNC Group.
Flash Mobile is the payment gateway and biller aggregator for all transactions within MNC Group. Flash Mobile is equipped with the highest security standard certificate PCI DSS.
MNC Kapital is committed to become the front runner in integrated financial services in Indonesia.
As part of MNC Group, MNC Land has grown to become one of the largest entertainment hospitality companies in Indonesia.
MNC Land continues to grow and focuses on the development of its flagship projects, namely MNC Lido City, MNC Bali Resort and other prestigious projects.
MNC Lido City, located in Lido, Bogor West Java, is a world-class integrated tourism destination that has been approved by the government as tourism Special Economic Zones with international standard.
MNC Lido City is an integrated residential, commercial, entertainment and lifestyle area of 3,000 hectares, which currently in progress of building theme park, Movie Land, World Garden, Lido Music and Art Center, International Hotel and Resort, golf club and residences, retail and dining, biggest outbound and other quality supporting facilities.
MNC Bali Resort is a concept of the largest and most exclusive resort in Bali.
MNC Bali resort will host a six-star hotel, exclusive villas, and international standard golf course along with other premium facilities.
In the hospitality segment, MNC Land presents Park Hyatt Jakarta, the only and the first in Indonesia, The Westin Resort Nusa Dua and Bali International Convention Center, Oakwood Hotel and One East Residence Surabaya, also office buildings in Jakarta, Surabaya and Bali, as well as co-working space.
In e-commerce business, MNC provides eTV Mall, The F Things, Mister Aladin and Emshop for the lifestyle needs of current generations.
As part of its social activities MNC Group is very active in social care activities for the communities through Yayasan Jalinan Kasih, and in CSR corporate activities through MNC Peduli.
MNC Group is developing and innovating the future, a pride of the nation. Media Nusantara Citra MNCN
VISION
To become a leading business group in the Asia Pacific region in the fields of media, financial services and entertainment hospitality through innovation and technology in organic and non-organic ways.
MISSION
To maximize the group ecosystem as well as to provide quality services and added values for the stakeholders including all the viewers, customers, shareholders and employees.
CORPORATE VALUES
BRIEF SUMMARY PT MEDIA NUSANTARA CITRA TBK
PT Media Nusantara Citra Tbk or MNC, being part of the media business within MNC Group owns and operates 4 national free to air TV stations or FTA: RCTI, MNCTV, GTV, and iNews with its fastest growing OTT streaming service called RCTI+.
In content, MNC produces 23,000 hours a year for its own FTA, third parties, cinemas and digital platforms with more than 300,000 hours of content library. It also has the largest talent management with close to 400 artists under management.
MNC started back in 2001 when it acquired RCTI. A few years after, the Group acquired GTV, MNCTV and started its own content production and went public in 2007 with stock code: MNCN. The IPO was the largest at that time in Indonesia.
Post IPO, iNews was established and today the 4 FTA – RCTI, MNCTV, GTV and iNews have the largest nationwide audience share of more than 40% and adspend share of 45%.
MNC has invested significant resources in broadcast and production facilities which enable the company to produce high quality programs such as drama series, talent search like the Indonesian Idol, The Voice, MasterChef, Rising Star and big music concerts as well as awarding programs like TV Awards and Movie Awards. It also produces high quality animation exported globally.
In the last 3 years, MNC expanded its digital initiatives by developing mobile apps for its FTA and started to upload its content on Youtube in short and medium formats. MNC has gained one of the largest views and subscribers globally on Youtube with more than 2 billion views generated every month. MNC also operates as Multi Channel Network or MCN which has the fastest growing numbers of views and subscribers in Indonesia.
MNC operates 3 portals focusing on general and news contents called Okezone, Sindonews and iNews.id. Okezone today has the largest daily unique visitors of more than 20 million while Sindonews has more than 4 million.
To capture a significant share in digital advertising, RCTI+ is targeted to become the largest streaming service in 2020 to complement the company’s strong position in FTA. Other than the live streaming of the 4 FTAs, it provides thousands of famous content library, catch up TV feature, original content like bloopers & behind the scenes, news, audio streaming and other interactive features like quiz, voting, live chat with MNC talents, and audition. UGC features for talent search competition dedicated for RCTI+ and games aggregator is currently under development.
In the next 4 years, digital and content revenues are targeted to represent 50% of the company’s revenue.
MNC, beyond the largest FTA and content. Media Nusantara Citra MNCN
BRIEF SUMMARY PT MNC KAPITAL INDONESIA TBK
PT MNC Kapital Indonesia Tbk, known as MNC Kapital was established in 1999 when MNC Group began to distinguish its Financial Services businesses to become independent. It went public in 2001 and today has a complete and integrated financial services portfolio, including banking, consumer finance, leasing, securities, international brokerage, general insurance, life insurance, asset management, financial technology and payment gateway.
MNC Bank focuses on a full-service banking for SME, consumer and wholesale banking and has credit card and debit card operations. MNC Bank has moved into the digital market by introducing its new and enhanced mobile banking app called Motion, Mobile Transaction Indonesia, which is part of MNC Bank’s digital strategy toward branchless banking, capitalizing on the Group’s strength in technology.
MNC Finance is primarily engaged in the consumer financing business, including car refinancing, multi-purpose financing and factoring. MNC Finance is committed to become a leading financing partner that provides diversified products to reach all levels of society.
MNC Leasing primarily serves corporate customers by providing financing for productive assets with a focus on healthcare businesses and heavy equipment, supply chain financing, factoring, operating lease as well as hajj financing. MNC Leasing and MNC Finance are currently developing a digital-based financing app to deliver faster and better credit processing.
MNC Sekuritas, which is the first company established by the Group, back in late 1989, provides a complete range of services, from equity, fixed income, investment banking and research to clients for optimal investment. It has more than 140 points of sales and operates one of the best online trading platforms in Indonesia, named MNC Trade.
Auerbach Grayson, acquired by MNC Kapital in late 2020, was founded in 1993 in New York City. As the largest global broker in terms of companies covered and number of analysts around the world, it offers a full range of global in-depth research, trade execution and settlement services, corporate access, capital raising and cross border merger & acquisition in equities and fixed income instruments through local partners in over 125 countries.
MNC Insurance provides general insurance services for retail and corporate customers, including home, motor vehicles and travel insurance. With 24/7 online customer service and application supports, MNC Insurance strives to provide excellent service for its customers.
MNC Life offers an array of insurance products, including health, accident, and unit link. In collaboration with MNC Insurance, MNC Life created Hario, a digital-based insurance app that provides both life and general insurance products. Equipped with advanced features, including online claim and health consultation, Hario is a one-stop app for all insurance needs.
MNC Asset Management manages a variety of investment products for individual and institutional investors, through various mutual funds and discretionary management services. It specializes in equity, fixed income and money market instruments.
MNC Teknologi Nusantara operates SPIN, Smart Payment Indonesia, an e-money, e-wallet and digital remittance platform. Adapting the latest technology, SPIN is QRIS certified, which ensures interconnectivity with other e-money providers in Indonesia. SPIN, in collaboration with MNC Media, launched e-TV Mall, by which TV audiences are able to purchase products through their TV screens, by scanning the QRIS code shown on TV. Shortly, SPIN will launch SPIN Points, an integrated loyalty point program across all MNC Group’s digital platforms.
Flash Mobile serves as the payment gateway and biller aggregator for all transactions within MNC Group. With an advanced Fraud Detection System and invoicing services, Flash Mobile is equipped with the highest security standard.
Currently, the Company is also developing its P2P lending and Securities Crowdfunding platforms to be used as the financing channeling agent for its business units and marketplace financing, along with many other opportunities to be developed in the future, integrating with other MNC Group’s businesses.
MNC Kapital has committed itself to become the front-runner in integrated financial services in Indonesia. It will capitalize on the strong ecosystem owned by the group, particularly in the area of media today.
MNC Kapital, building towards the most integrated digital financial services in Indonesia. Media Nusantara Citra MNCN
BRIEF SUMMARY MNC E-COMMERCE LTD
MNC e-Commerce Ltd or MECL (previously known as MNC Media Investment Ltd or MMIL) was established in 1999 and has become a part of MNC Group since 2008. The Company develops and provides rich and engaging services and content to consumers and enterprises through a wide range of traditional and new media platforms in Mainland China, Indonesia, Singapore, Malaysia, and Hong Kong.
MECL’s shares are listed on the Australian Securities Exchange (MIH:ASX). It is a member of MNC Group which owns the largest and most integrated media groups in Southeast Asia.
Backed by its strong in-house capabilities, MECL focuses on media, entertainment, marketing, communication and edutainment products, which are promoted through the Group’s various nationwide distribution networks, integrated service platforms, multiple marketing sales channels as well as through the networks of leading internet companies and mobile operators in Mainland China and Indonesia. Media Nusantara Citra MNCN
Today, MECL focuses and operates various e-commerce businesses in Indonesia. These include The F Thing, which offers online fashion dan beauty services at www.thefthing.com; Mister Aladin, which provides online travel services (Aladin Travel) dan general e-commerce (Aladin Mall) at www.misteraladin.com; MNC Shop, which offers specialty goods at www.emshop.id; and e-TV Mall, a TV Shopping service where people are able to purchase products through their TV screens, by scanning the QRIS code shown.
In addition, MECL also owns Fumubang, an OTA company based in China, which focuses on family-oriented activities by providing online ordering services such as family travel, family activities, children's plays and venue tickets. The application currently have millions of active users.
By having e-commerce based businesses through MECL, MNC Group is able to provide faster and more convenient services to cater the lifestyle needs of current generations. Moreover, these online services are accessable anywhere and anytime so that they will reach greater domestic and international market and increase customer loyalty. Media Nusantara Citra MNCN
BRIEF SUMMARY PT MNC VISION NETWORKS TBK
PT MNC Vision Networks Tbk or MVN, being part of the media business within MNC Group, went public in July 2019. It has the largest pay-TV and broadband network operations through MNC Vision, K Vision, MNC Play and VISION+.
MNC Vision, was partly acquired in 2001 under the brand Indovision and became a wholly-owned subsidiary in 2006. It provides the largest Direct to Home or DTH-based pay-TV service in Indonesia that dominates more than 90% market share for post-paid services with 2.1million subscribers. MNC Vision has its own satellite launched in 2009 called Indostar II with S-Band technology, which is resistant to weather disturbance in tropical climate. MVN offers more than 130 channels with various genres, of which 30 channels are exclusive on MNC Vision.
In July 2019, MVN acquired K Vision, DTH-based pay-TV service with Indonesian footprint which serves the middle-income household with prepaid business model. Today, K Vision has the fastest-growing subscriber acquisition of more than 200,000 every month making it the largest prepaid DTH company. It sells set-top boxes along with top-up vouchers consisting of contents with various prices.
In 2014, MVN started its fixed broadband business by rolling out Fiber to the Home (FTTH) technology which offers high-speed internet and IPTV services, under the name MNC Play. Today it has become the third-largest broadband company operating in 9 cities with 1.5 million home passes. On top of having its own networks, MNC Play also leases the capacity from various network providers including Icon+, a subsidiary of state-owned electricity company PLN, to provide high-speed internet and IPTV services.
MNC Play has more than 180 channels with more than 50 premium channels with HD quality. It offers Catch Up TV feature to watch up to 7 days back and Timeshift feature to Pause, Play and Rewind, at no additional cost.
Starting the beginning of 2020, MVN launched its new product called Play Box, an Android TV OTT Box which connects to any internet broadband network. Being the strongest in content, we believe this new product will do very well in the market.
The last platform under MVN is VISION+ which is an Over The Top or OTT-based video streaming platform that offers more than 10,000 hours of video-on-demand in short, medium and long formats from various genres and more than 130 linear channels that can be accessed via all devices. It gives a free access to MNC Vision, K Vision, MNC Play and Play Box subscribers for certain content and operates independently as AVOD and SVOD streaming services. Today VISION+ has more than 27 million monthly active users.
Being the largest pay-TV and broadband group, MVN is also the largest in content production. It produces more than 10 linear channels and VODs with various formats and genres which differentiate MVN from any other operators. Media Nusantara Citra MNCN
BRIEF SUMMARY PT MNC LAND TBK
Since becoming part of MNC Group in 2007, MNC Land has grown to become one of the largest Entertainment Hospitality companies in Indonesia.
Headquartered in Central Jakarta on more than five hectares land, MNC Land currently focuses on the development of its flagship projects, namely MNC Lido City, MNC Bali Resort, and other projects in the hospitality industry.
MNC LIDO CITY
MNC Lido City is an integrated lifestyle residential, commercial and entertainment area of 3,000 hectares in Lido, Bogor, West Java that has been approved by the government as Tourism Special Economic Zones. This zone is next to the Provinces of DKI Jakarta and Banten, surrounded by a population of more than 70 million people.
Located about 60 kilometers from Jakarta, MNC Lido City can be directly accessed through Bocimi Toll Road with 2 exits at Cigombong 1 & 2, in just about 60 minutes from Jakarta.
Set to be a world-class integrated tourism destination, MNC Lido City comprises of an international standard theme park, retail, dining & entertainment, luxury & resort hotels, PGA-standard 18-hole golf course designed by Ernie Els, exclusive villas, Movieland - the most integrated and one-stop studios, Lido music & arts center- the first-class outdoor music & arts festival venue in Indonesia, Lido world garden, technopark & data center, international circuit, transit-oriented development, national park, and other supporting facilities.
Lido Lake Resort by MNC Hotel which operates in MNC Lido City is now undergoing an expansion and is integrated with Lido Adventure Park, set to be the largest outbound facility in South East Asia.
MNC Lido City will become the national pride and Indonesia’s new tourism destination.
MNC BALI RESORT
MNC Land also develops MNC Bali Resort, an integrated resort on more than 100 hectares of land located close to Tanah Lot Temple tourism destination in Tabanan, Bali.
MNC Bali Resort is designed to become the largest and most exclusive integrated resort in Bali featuring a six-star hotel, beach club, an international standard golf course designed by Phil Mickelson, exclusive villas, along with other premium supporting facilities.
HOSPITALITY & OTHERS
In the hospitality segment, MNC Land owns Park Hyatt Jakarta, the first and the only Park Hyatt brand in Indonesia, Oakwood Hotel and One East Residence in Surabaya, as well as The Westin Resort Nusa Dua & Bali International Convention Center, which has hosted numerous international events, including Miss World 2013, APEC Summit 2013, and IMF – World Bank Annual Meeting in 2018.
MNC Land also owns a few office buildings and multi-function venues in Jakarta, Surabaya and Bali. Including those managed by MNC Land, the total building areas reach more than 400,000 square meters.
Recently MNC Land expanded into coworking space in some strategic locations in Jakarta, Surabaya and Bali. This new concept of office rental will become a new business model to support the company’s future growth.
MNC Land – the largest integrated Entertainment Hospitality company - the Pride of the Nation. Media Nusantara Citra MNCN
COMMITMENT ON GCG POLICY IMPLEMENTATION
MNC Group understands the implementation of Good Corporate Governance (GCG) serves as basic needs and foundation in undertaking the Company’s business activity. This commitment consistently upholds the ethics and integrity of the Company’s management aims at sustaining performance improvement, ensuring the fulfillment of stakeholder's rights, as well as enhancing compliance with prevailing laws and regulations.
The Basis for Corporate Governance Implementation
MNC Group is fully committed to implementing GCG principles as the foundation in creating sustainable added value for the interest of shareholders, the public at large, and various other stakeholders (employees, consumers, regulators, business partners, and so forth) for both short- and long-term.
In realizing a comprehensive GCG, MNC Group adopts the applicable best standards in accordance with the principles of Corporate Governance (CG) from the Governance Policy National Committee (KNKG), namely transparency, accountability, responsibility, independence, equality, and fairness.
The implementation of MNC Group GCG is coherently realized from three aspects of the governance system, which are governance structure, governance process and governance outcome aimed at improving investor's trust, protecting the stakeholders’ interests, providing a positive contribution to the financial service industry and market in general.
Governance Framework
The effectiveness of governance implementation can be seen from the adequacy of governance structure and infrastructure to enable outcome from GCG principle process, which meets the stakeholders’ expectations.
Included in the governance structure are the Board of Directors, the Board of Commissioners, Committees, and the Company’s Units. While the governance infrastructure covers policies and procedures, management information systems, and primary duties and functions of each organizational structure.
While the governance process related to the governance implementation, and governance outcome is a result of CG implementation quality.
In accordance with the Company’s Articles of Association, MNC Group Board of Commissioners carries out the oversight function to ensure the conformity of the Company’s management by the Board of Directors with prevailing laws and regulations. While the Board of Directors undertakes management functions professionally and prevents the conflict of interests.
Based on the governance principle, the Company has developed a GCG structure that covers GCG structure and GCG infrastructure in order to implement GCG mechanisms according to applicable regulatory and best practices.
Implementation of CG Principles
As the realization and commitment of MNC Group in implementing comprehensive GCG, the Company implements CG principles in conducting business activities, as follows:
Transparency
Transparency in disclosing material and relevant information related to the Company’s financial and non-financial conditions. The Company realizes this transparency by always striving to pioneer the disclosure of financial and non-financial information, not limited to mandatory information, to various parties with concerns. One of the ways is by conducting Public Expose to meet capital market requirements in order to expose the Company’s performance to shareholders, investors, analysts, and the media.
The Company conducts the disclosure of such information in compliance with applicable laws and regulations and as recommended by CG practice.
The application of this transparency principle does not reduce or waive the Company’s obligation to keep specific confidential information in accordance with applicable laws or regulations or on the basis of business considerations.
Accountability
The clarity of functions, execution, and accountability of each organ and the whole range of the Company, so that the company management can be effectively carried out. The Company believes that accountability relates to the existence of systems that control the relationship between individuals and/or organs in the Company and the relationship between the Company and the parties with concerns. The Company applies the principle of accountability as one solution to overcome differences of individual interests with the Company’s interests and the Company’s interests with the interests of the parties with concerns.
In achieving this accountability, the Company formally specifies details of clear duties and responsibilities for each position taking into account segregation of duties and checks and balance mechanisms. Not only that, the Company strives to provide adequate resources so there will be no overlap of tasks and responsibilities.
Responsibility
It is the conformity in the management of the Company with applicable laws and principles and sound corporate principles. The Company is responsible for complying with applicable laws and regulations, including the provisions pertaining to employment, taxation, business competition, occupational health and safety, and so on. All persons in the Company are also responsible for complying with policies, working procedures and other internal regulations in all work activities. The Company implements responsibility by encouraging all individuals and/or organs of the Company to recognize their rights and obligations, duties and responsibilities and authorities.
Independence
It is a condition of the Company’s professional management without conflict of interest, dominance, and the influence/pressure of any party in contrary to applicable laws and regulations and CG principles. This independence is implemented by always respecting the rights and obligations, duties and responsibilities and authorities of each organ in the Company. The Company believes that by implementing the independence principle optimally, all the Company’s organs can work well and maximally in making the best decisions and management for the Company.
Fairness
It is the application and fulfillment of the rights of the stakeholders without any distinction of treatment. The Company guarantees that every interested party shall receive fair and equal treatment in accordance with prevailing laws and regulations. In addition, the Company will accept and treat every employee fairly and free from bias due to differences in ethnicity, religion, origin, gender, or other matters that have nothing to do with performance. Media Nusantara Citra MNCN
Head Office
PT MNC Investama Tbk
MNC Financial Center
21/F, MNC Center
Jalan Kebon Sirih Kav. 21-27
Jakarta Pusat 10340, Indonesia
Telephone : +6221-29709700
Facsimile : +6221-39836870
Email :
corsec.mnc-corporation@mncgroup.com
ir.bhit@mncgroup.com