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Conflict of interest is a situation where there is a difference between the economic interests of the Company and the personal economic interests of shareholders, the Board of Commissioners and the Board of Directors, and employees of the Company. Management of the conflict of interest in ANTAM refers to Bapepam regulation IX.E.1 related to Affiliation Transaction and Certain Conflict of Interest.as well as Bapepam regulation IX.E.2 concerning Material Transaction and changes of primary business activity. In ANTAM’s internal regulations, conflict of interest management stated in:
To further avoid the conflict of interest by the Board of Commissioners and the Board of Directors, ANTAM prohibited prohibit all the Board of Commissioners and the Board of Directors to make personal loan to the Company.
Throughout 2016, there was no conflict of interest related events conducted by the Board of Commissioners and the Board of Directors of the Company. It listed in a statement letter had acted independently during 2016 and the publication of a special register of the Company’s share ownership signed by the Board of Commissioners and the Board of Directors and have been published on the Company website.
Anyone within the organization who has privileged relationship to the Company should not trade the Company's securities based on undisclosed material information or facts. Hence, the Company has set out the Company Securities Trading Policy based on the Board of Directors Decree No. 243.K/02/DAT/2013 which published solely in internal portal.
The policy is intended to avoid the conflict of interest as well as to govern the company securities trading, specifically that everyone should not trade the company's securities while having information or material facts that is not/has not been published, dissemination of information or material facts selectively as well as the tipping related to the information or material facts that is not/has not been published. This policy governs the provision of company’s securities trading monitoring responsibility, activities that are prohibited, closing period, securities trading by member of BOD and or BOC, implementation of securities trading restriction and penalty for violations.
Anyone within the Company refers to:
Supervisory officials of Company's Securities Trading Obedience is Corporate Secretary, and in the case of Corporate Secretary is unavailable or absence, Information Transparencys Officer is in charge to fulfill that role.
Throughout 2018, there are no stock trading violations committed by the Company.