Corporate Governance

To strengthen the implementation of Good Corporate Governance principles, Danantara Indonesia has established a Whistleblowing System (WBS). The Danantara Whistleblowing System provides a channel for stakeholders to report alleged violations occurring within Danantara Indonesia and State-Owned Enterprises (SOEs).

As part of our commitment to providing the highest level of protection for whistleblowers and ensuring ease in submitting and monitoring reports, the Danantara WBS is managed professionally and adheres to the principles of anonymity, protection, independence, and accessibility. All reports are received by an independent consultant who will review the information and, where necessary, request further details from the whistleblower before submitting the report to Danantara Indonesia. Danantara Indonesia will then follow up on the report in accordance with applicable regulations.

Things to Know

Confidentiality of the Reporter

Danantara Indonesia provides protection to every Whistleblower and all parties involved in the management of the Whistleblowing System against any threats, retaliation, or actions by any party that may cause harm to the Whistleblower or those involved. All Danantara Indonesia personnel are strictly prohibited from engaging in any form of retaliation against Whistleblowers who submit reports.

Protection and confidentiality will not be granted to Whistleblowers who are involved in the reported matter under the following circumstances:

• The report submitted is unfounded and/or contains false evidence; and
• The Whistleblower discloses the report to other parties, resulting in the risk of disclosure of the Whistleblower’s identity or the substance of the report.

Danantara Indonesia also provides protection to every Reported Party based on the presumption of innocence until sufficient evidence is established to substantiate the reported allegation.

Categories of Reportable Alleged Violations

The categories of alleged misconduct that may be reported and followed up through the Danantara Whistleblowing System (WBS) include, but are not limited to fraudulent acts, including:

• Corruption;
• Conflicts of interest;
• Bribery;
• Prohibited gratuities;
• Economic extortion;

Misuse of assets and authority involving assets owned by Danantara Indonesia or third parties used by Danantara Indonesia, which may result in losses, in accordance with applicable asset management regulations; Violations in accounting processes, financial reporting, and/or manipulation of financial and/or non-financial reports.

Violation of the code of ethics

Actions that create a situation where an individual, while performing their duties and responsibilities, has interests outside of the official interests, whether concerning personal, family, or third-party interests, which may lead the company employee to lose their objectivity in making decisions and policies according to the authority granted to them by the company.

Violation of the law

Actions that violate the laws in effect in Indonesia.