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Jakarta, November 22nd, 2010 - PT ANTAM (Persero) Tbk (ANTAM; ASX - ATM; IDX - ANTM) is pleased to announce it receives the Best Overall in the GCG Award 2010, held by the Indonesian Institute for Corporate Directorship (IICD). The award was presented in Nusa Dua, Bali, on Friday, November 19, 2010.
The selection was based upon an independent survey and assessment on the implementation of ANTAM’s good corporate governance (GCG) principles. ANTAM was ranked first on the survey. The survey takes into account key GCG principles such as the protection of shareholder rights, the equitable treatment of shareholders, the role of stakeholders, disclosure and transparency, and the responsibilities of the Board of Commissioners and the Board of Directors.
The IICD survey was based upon the GCG Guidelines from the Organisation for Economic Co-operation and Development (OECD). IICD conducted its independent assessment based on the public information available on the company’s website or the website of the stock exchange regulators.
ANTAM’s President Director Alwin Syah Lubis, said:
“The recognition from IICD reflects our commitment to implement the GCG principles in a consistent manner. We believe the implementation of GCG principles will enhance the value to be delivered to our shareholders and stakeholders. “
The 2010 Best Overall in GCG Award from the IICD was the second time in a row for ANTAM since 2009.