In accordance with our commitment to become an Investment Manager company that meets the principles of Good Corporate Governance (GCG), we ensure that all aspects of BMI’s business and operations comply with applicable laws and regulations, especially OJK Regulation No. 10 / POJK.04 / 2018 concerning Implementation of Investment Manager Governance.

  1. Transparency

    Transparency, namely openness in carrying out the decision-making process and openness in disclosing material and relevant information about the company.

  2. Accountability

    Accountability, namely clarity of functions, implementation and accountability of organs so that company management is carried out effectively.

  3. Responsibility

    Responsibility, namely conformity in the management of the company to the laws and regulations and sound corporate principles.

  4. Independency

    Independency is a condition in which a company is managed in a professional manner without conflict of interest and influence / pressure from any party that is not in accordance with the laws and regulations and sound corporate principles.

  5. Equality and Fairness

    Fairness, namely justice and equality in fulfilling the rights of stakeholders that arise based on agreements and laws and regulations.

The company believes that a fair relationship between company organs has a very positive effect on the success of company management and GCG implementation. Thus, the company clearly separates the duties, rights, obligations, authorities, functions and responsibilities of the General Meeting of Shareholders, the Board of Commissioners and the Board of Directors.

  1. General Meeting of Shareholders (GMS)

    The GMS as a corporate organ is a forum for shareholders to make important decisions related to capital invested in a company, by taking into account the provisions of the articles of association and laws and regulations.

  2. Board of Commissioners

    The Board of Commissioners as a Company Organ has the collective duty and responsibility to supervise and provide advice to the Board of Directors and ensure that the company implements GCG. However, the Board of Commissioners may not participate in making operational decisions.

    Board of Commissioners Work Guidelines Bmi

    BMI’s Board of Commissioners is in charge of and is responsible for overseeing the management of the company carried out by the Board of Directors, active supervision over the implementation of Investment Manager Governance, providing advice to the Board of Directors including the implementation of the Company’s Long-Term Plan, the Company’s Annual Work Plan and Budget as well as the provisions of the Articles of Association and General Meeting of Shareholders (GMS), and the prevailing laws and regulations, Active supervision of the implementation of the AML-CFT Program and ensuring that there are discussions related to PU and / or PT in the meetings of the Board of Directors and the Board of Commissioners, ensuring that the Board of Directors has plans and carries out activities in the framework of improve Education & Financial Inclusion, carry out the Audit function through an Independent Commissioner, report to the OJK if there are indications of violations of statutory provisions in the financial services sector that could endanger the continuity of the Investment Manager’s business activities carried out by members of the Board of Commissioners s, members of the Board of Directors, and / or employees of BMI, ensure that the Board of Directors follows up on the findings and recommendations of BMI’s internal control (compliance, risk management and internal audit), external audit findings and the results of supervision by the Board of Commissioners.

  3. Directors

    The Board of Directors as an organ of the company is assigned and responsible collegially in managing the company. Each member of the Board of Directors can carry out his duties and make decisions in accordance with the division of duties and authorities. However, the implementation of duties by each Board of Directors including the President Director is equivalent.

    Bmi’s Directors Work Guidelines

    The BMI Board of Directors is in charge of carrying out and being responsible for the management of BMI for the benefit of BMI in accordance with the aims and objectives of BMI set out in the BMI’s Articles of Association.

    The responsibilities of the Board of Directors of BMI include: establish BMI’s vision, mission and strategy, establish basic policies for BMI’s corporate, financial, organizational, HR, IT and communication strategies, implement Good Corporate Governance, compile and report BMI financial reports, propose policies and procedures regarding the implementation of the AML-CFT program and ensure the implementation AML-CFT program, preparation and implementation of Business Plans, compiling and implementing Financial Education and Inclusion activities, ensuring the reliability of BMI’s internal controls (compliance, risk management and internal audit), including following up on the results of identification of matters related to internal control that require attention BMI Board of Directors, external audit findings, results of supervision by the Board of Commissioners, results of OJK supervision.

    The Board of Directors of BMI has the right to represent BMI inside or outside the court regarding all matters and in all cases, bind BMI with other parties and other parties with BMI, and carry out all actions both regarding management and ownership, with restrictions as set out in the provisions of laws and regulations. invitation and BMI’s Articles of Association.

Overall internal control is carried out through 3 (three) classifications, namely:

  1. Coordinator and Executor of Functions

    Each Coordinator and Implementer of the Function is the forefront in early detection of risks that exist in each of their respective functions and as the executor of policies and procedures that have been prepared in terms of initial mitigation of these risks and also supervises any irregularities that occur in the implementation of risk control.

  2. Compliance and Risk Management Functions

    The Compliance Function supervises, updates existing policies / procedures and ensures that it is carried out properly by each function, as well as coordinates with Risk Management for overall risk management activities to achieve optimal results.

  3. Internal control

    Internal Control will ensure that all identified risks have been managed in accordance with the agreed risk tolerance level.

  1. Customer Relations
    1. Prioritizing the interests of the customer.
    2. Maintain the confidentiality of customer data, unless written approval has been obtained from the Customer or is required by applicable laws and regulations.
    3. Refusing to participate in any business relationship or accepting appropriate gifts may affect independence, objectivity or loyalty to Investors.
    4. Deliver performance information that is fair, accurate, relevant, timely and complete. The Investment Manager does not make misrepresentations in describing the performance of each portfolio or the performance of the company.
  2. Investment and Trade
    1. Use reasonable, rational and prudent judgment.
    2. Do not engage in practices designed to change prices or intentionally inflate trading volumes with the intention of misleading market participants.
    3. Have a basis for proper investment decisions with consistent and accountable working papers.
    4. Prioritizing investment owned by Investors over investment for the benefit of the Investment Manager himself.
    5. Maximizing the value of the customer’s portfolio by seeking the best execution for all customer transactions.
    6. Every Investment Manager employee is required to disclose whether or not there is any interest and / or ownership in a Securities, either directly or indirectly.
    7. Employees are prohibited from accepting gifts or benefits that conflict with the interests of the customer or conflict with their obligations to the customer.
    8. Investment Managers are prohibited from receiving Rebates except for the benefit of the Customer.
    9. The Investment Manager may receive a Commission, as long as the Commission is directly beneficial to the Investment Manager in the process of making investment decisions for the benefit of the Customer and does not cause a conflict of interest with the Customer and / or harm the interest of the Customer.
  3. Marketing
    1. The Investment Manager must provide information that is true, not misleading, and does not contradict the provisions of laws and regulations to the Customer, including in the event that the Investment Manager provides marketing, advertising and / or promotional materials in electronic or non-electronic form.
    2. Marketing, advertising and / or promotional materials contain fair, accurate, relevant, timely and complete performance information, and must also contain information regarding investment risks.