PT Red Planet Indonesia Tbk (PSKT:IJ) is part of the regional Red Planet Hotels group, Asia's largest and fastest-growing hotel company focused on the budget hotel sector. Formerly trading as PT Pusako Tarinka Tbk, the company changed its name to PT Red Planet Indonesia and launched on 22 May 2014. It has positioned itself as a growing and scalable investment platform trading in Indonesia's rapidly expanding budget hotel sector.
Founded in 2010, Red Planet focuses on what is important to customers: location, value, and cleanliness. All Red Planet hotels are:
- Located in the city centre, close to public transport
- Priced at competitive rates with free high-speed Wi-Fi
- Well maintained and spotlessly clean
Half of the Red Planet brand experience is designed around the hotel's leading-edge and customer-focused technology platform. The hotel chain's heavily used mobile app and In-Stay Mode make booking rooms and communicating with hotel staff easy.
When our guests leave our hotels, our aim is to have made them feel as if they had made a smart decision by staying with us. We are all about ensuring value for our customers. Red Planet Indonesia PSKT
PT Red Planet Indonesia Tbk is a publicly listed company (Bursa Efek ticker code PSKT) operating in the hospitality sector.
It owns and operates eight hotels in Jakarta, Bekasi, Makassar, Palembang, Pekanbaru, Solo, Surabaya and Bukittinggi.
PT Red Planet Indonesia Tbk is developing several new hotels in the Greater Jakarta region. All hotels owned and managed by PT Red Planet Indonesia Tbk are located in prime locations and predominantly cater to the value hotel market sector. Red Planet Indonesia PSKT
Board of Commissioners Guidance
In carrying out their duties, the Board of Commissioners have duties, responsibilities, rights, and obligations as set up in the charter of the Board of Commissioners as follows:
Every Commissioner of the Company has duties, responsibilities, and obligations as follows:
1. The Commissioner’s duties are:
- Supervising and giving advice to the Directors in conducting business activities
- Monitoring and evaluating Directors’ performance
- Supervising efficiency of risk management implementation
- Supervising efficiency of GCG implementation
- Monitoring the Company’s compliance with laws and regulations
2. The Commissioner are responsible to:
- Arrange the division of duties among members of The Board of Commissioners in accordance with their expertise and experience
- Arrange working programs and performance targets for the Board Commissioners every year as well as the review mechanism for the Board of Commissioners’ performance
- Arrange manner of information reports from the Commissioners to stakeholders
- Accounting for duties of the Board of Commissioners to GMS
3. The Commissioners have obligations to:
- Provide opinions to GMS regarding strategic issues that are considered important, including opinions regarding the feasibility of the vision and mission of the Company
- Analyzing and examining periodic reports and annual reports prepared by the Directors, including audits results reports of the Internal Control Unit
Besides its duties, responsibilities, and obligations, the Board of Commissioners has rights and authority as follows:
- The right to obtain access to the Company and obtain information periodically, on a timely basis, and completely in accordance with the provisions of the Articles of Association and laws and regulations
- The right to ask Directors about the Company\’s management of business activities and ask Directors to attend Commissioners\’ meetings to obtain reports regarding the Company\’s affairs
- The right to establish Committees and to assist with their duties as approved by shareholders, with the exception of participation in the Audit Committee
- The right to propose nominations of new Directors to the shareholders
- The right to engage professional consultants, if necessary, to assist in the conduct of its duties
- The authority to make decisions in or outside of Commissioners’ meetings Red Planet Indonesia PSKT
Board of Directors Guidance
Along with the commitment to, and implementation of, GCG in the Company and in order to manage the Company’s mission and achieve the vision which has been established, the members of the Board of Directors act pursuant to guidelines to lead and manage the Company in accordance with the vision, mission, and purpose of the Company.
The Board Manual is a dynamic document, and therefore it has to be evaluated periodically and adjusted to laws and regulations.
The Board Manual is a guideline that explains general matters related to working procedures of the Boards of Directors and Commissioners as well as the relationship between Directors, Board of Commissioners, and between both Company’s organs. Board Manual is one of GCG soft structures, as an explanation of corporate governance that refers to the Articles of Association and applicable laws and regulations.
Matters related to Directors’ functions regulated in Board Manual are as follows:
- General Policies
- Qualifications and Compositions, Membership and Tenure of Board of Commissioner
- Introduction and Capability Improvement Program
- Independence of the Board of Directors
- Position Ethics of the Board of Directors
- Composition, Duties and Authority of the Board of Directors
- Directors’ Meetings
- Evaluation of the Board of Directors’ Performance
- Supporting Functions
- Company’s Relationship with Subsidiaries
Scope of the Board of Directors’ Responsibilities
- Responsibility for business flow, mission achievement, and working plan, as well as development of the Company’s organization
- Responsibility for financial, accounting, and tax management, as well as for control and budgeting, both for operational needs and for the Company’s functions, so that they can support business flow
- Responsibility for negotiations with banks and creditors
- Responsibility for mobilize loans for the needs of the Company with competitive interest rates
- Responsibility to supervise and ensure the flow of business operations
- Responsibility for business flows in the development of the Company’s organization Red Planet Indonesia PSKT
OUR HOTELS
JAKARTA
BEKASI
