PERTAMINA EP |

In conducting its activities, Pertamina EP interacts in corporate level with other related parties. Within this interaction, conflict of interest often arises between shareholders and those other parties, including the workers, suppliers, customers, distributors, competitors, government and community who contribute in Company's success as well as those who are affected by Company's operation activities.

They are all stakeholders who have interests with the Company. Hence management must strive for a balance by considering not only the interest of shareholders but also the stakeholders in order to maintain its existence and give value to all society.

That is where corporate governance is required, because it governs related aspects of internal-external balance. It is a process and structure used to direct and manage Company's business and affairs. The goal is to increase business gain and company's accountability, so it can attain shareholder value in the long term and at the same time considering the stakeholders interest.

Good Corporate Governance (GCG) in Pertamina EP is defined as thinking pattern in all company levels to create an efficient and effective working system in managing resources and business as well as enhancing management's responsibilities toward shareholders and other stakeholders.