Annual Report Award atau ARA adalah ajang kompetisi penilaian laporan tahunan yang diselenggarakan dengan kerja sama Kemenko Perekonomian, Otoritas Jasa Keuangan, Kementerian BUMN, Direktorat Jenderal Pajak, Bursa Efek Indonesia, Komite Nasional Kebiijakan Governansi dan Ikatan Akuntan Indonesia. Adapun, ARA terakhir kali digelar pada tahun 2024 untuk penilaian laporan tahunan tahun buku 2023.
Dan pada tahun 2025 ini, Annual Report Award akan kembali diselenggarakan untuk penilaian laporan tahunan, tahun buku 2024. ARA 2024 juga menjadi event bergengsi bagi perusahaan untuk menunjukkan komitmen terhadap integritas, transparansi dan akuntabilitas dalam laporan tahunan dan laporan keberlanjutan. Pendaftaran ARA 2024 sendiri akan dibuka pada tanggal 5 Mei 2025.
Dan pada tahun 2025 ini, Annual Report Award akan kembali diselenggarakan untuk penilaian laporan tahunan, tahun buku 2024. ARA 2024 juga menjadi event bergengsi bagi perusahaan untuk menunjukkan komitmen terhadap integritas, transparansi dan akuntabilitas dalam laporan tahunan dan laporan keberlanjutan. Pendaftaran ARA 2024 sendiri akan dibuka pada tanggal 5 Mei 2025.
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TVTranscript
00:00Indonesia's Economic Development
00:05Indonesia's Economic Development
00:11Indonesia's Economic Development
00:21Good morning viewers from IDX Channel Jakarta
00:24I'm Fajar Wayong, welcome to Market Review
00:26A program that discusses Indonesia's economic development
00:29Don't forget, you can watch our live streaming at idxchannel.com
00:33Let's follow the full Market Review
00:37Indonesia's Economic Development
00:45The 2024 Annual Report Award will be held again
00:50The 2024 Annual Report Award is an opportunity for companies
00:54to show their commitment to integrity, transparency, and accountability
00:59in their annual and ongoing reports
01:03The 2024 Annual Report Award is an opportunity for companies
01:09to show their commitment to integrity, transparency, and accountability
01:15in their annual and ongoing reports
01:21in their annual and ongoing reports
01:27The 2024 Annual Report Award will be held again
01:35The 2024 Annual Report Award will be held again
01:44The 2024 Annual Report Award is an opportunity for companies
01:48to show their commitment to integrity, transparency, and accountability
01:53in their annual and ongoing reports
01:56The 2024 Annual Report Award will be held again
02:02The 2024 Annual Report Award is an opportunity for companies
02:05to show their commitment to integrity, transparency, and accountability
02:11in their annual and ongoing reports
02:17The 2024 Annual Report Award is an opportunity for companies
02:22to show their commitment to integrity, transparency, and accountability
02:28in their annual and ongoing reports
02:35From Jakarta, the coverage team, IDEC Channel
02:42Our topic today, the 2024 Annual Report Award
02:47has been connected via Zoom with Prof. Mar Diasmo,
02:50Chairperson of the National Committee on Governance Policy, KNKG
02:54and Prof. Siddhartha Utama, Chairperson of the 2024 Annual Report Award
03:00Let's start with Prof. Mar Diasmo
03:03What can you tell us about the current tasks and developments
03:08of the National Committee on Governance Policy, or KNKG?
03:13Alhamdulillah and thank you, Mr. Fajar, that I was re-elected
03:19as the Chairperson of the National Committee on Governance Policy, KNKG, in 2025
03:22and until 2029
03:25However, with a heavier security task,
03:29among other things, to create a good government and corporate governance
03:35to support the improvement of national economic activity
03:39Therefore, KNKG always strives to improve the rating of Indonesian corporations
03:51so that they can compete internationally, at least in Southeast Asia
03:58Therefore, this year, KNKG re-elected me, God willing,
04:05as the Chairperson of the National Committee on Governance Policy,
04:08for the year 2025, for the year 2024
04:13That's all, Mr. Fajar
04:15Okay, so it will continue to be done,
04:19how the Annual Report Award, especially for the year 2024
04:24Meanwhile, regarding the event, Prof. Mar Diasmo,
04:29can you briefly explain about the 2024 Annual Report Award,
04:34by KNKG, including the purpose and benefits?
04:38Yes, so the purpose of this year, Mr. Fajar,
04:43is mainly for the evaluation of the year, the year 2024
04:51And the main focus for this year is
04:55how the company shows its commitment to integrity,
05:00especially critical behavior and transparency,
05:04as well as accountability in the annual report
05:09and also the continuation report
05:11So, the main focus of this year is how to implement
05:16four pillars of governance, which is called ETAG
05:20That is, critical behavior, transparency, accountability, and also continuity
05:28By following this direction,
05:30it will increase the company's reputation at the national level
05:35with excellent governance
05:37In addition, it also attracts investors
05:41with high-power reporting practices
05:45and international standards
05:48Another benefit is to get media exposure,
05:53where the winner is announced in a very prestigious event
05:56in Indonesia and covered by the mass media
06:01Another benefit is that the company gets feedback
06:06from the jury about things that need to be improved
06:10regarding the opening of the annual report
06:13and the continuation report in a specific area
06:19After that, the company can know its positioning,
06:24the quality of the opening of the annual report
06:27and the continuation report among other companies
06:31So, that's it, Mr. Fajar
06:33So, we always want continuous improvement,
06:36continuous innovation,
06:38so that the companies that join in this direction
06:41will get extraordinary benefits
06:44Yes, it's amazing how many benefits
06:47from the annual report award,
06:49especially for corporations that are participants
06:53or participants in 2024
06:55So, I want to go to Prof. Siddhartha
06:57What is the main message and theme of the annual report 2024
07:02that can be summarized?
07:05Yes, thank you, Mr. Fajar
07:07As mentioned by the Chairperson, Prof. Mardiasmu
07:11So, we emphasize that the direction of 2024
07:17prioritizes integrity
07:20Integrity and also transparency, accountability
07:24so that the company can achieve continuity in the long run
07:28Actually, the theme for this year
07:30is in line with the theme for the last two years
07:34For the last two years,
07:36KNKG highlights the importance of
07:40the company carrying out its business
07:43based on the principles of continuity
07:45So, not only prioritizes financial efficiency,
07:50which of course needs to be achieved by the company,
07:52but the company also needs to pay attention
07:55to the impact of the company's activities
07:57on the environment and society
08:00And therefore,
08:02for the last two years,
08:04we emphasize that
08:06the business process of the company
08:08also needs to be integrated
08:10with the aspects of continuity,
08:12namely the environment and society
08:14For this year,
08:16we emphasize that
08:18continuity will be difficult to achieve
08:21if the company does not prioritize integrity
08:25or ethical behavior
08:27Why?
08:29Because the essence of continuity is
08:31the company in carrying out its business
08:33also needs to pay attention
08:35to the interests of stakeholders
08:37And for that,
08:39the company no longer has to
08:41focus on its own self-interest
08:43but also has to look at
08:45the interests of stakeholders
08:48And for that,
08:50integrity can be a foundation
08:53to achieve continuity
08:56This is also in line with
08:58the governance pillar
09:00of the KNKG General Governance Committee
09:03which was established in 2021
09:05where we do transformation
09:08If before this we knew
09:10the tariff for the past 20 years
09:13which is an axis of governance
09:15Then we develop
09:18into four pillars
09:19which are ethical behavior,
09:21transparency, accountability, and continuity
09:23Therefore,
09:25the theme of this year
09:27is
09:29Leading with Integrity,
09:31Transparency, Accountability,
09:33The Path to a Sustainable Future
09:35So hopefully with this theme
09:37we encourage companies
09:39when making statements
09:41about the annual report
09:42and also the continuity report
09:44how the company's strategy
09:46to ensure
09:48that the company carries out its business
09:50based on good ethical principles
09:52and then transparent
09:54to reveal how they
09:56carry out their business activities
09:58and also enable
10:00stakeholders to assess
10:02the company's performance
10:04which includes not only financial performance
10:07but also environmental and social performance
10:09So that's it, Mr. Panjaro
10:11Okay, this is getting more interesting
10:13as to how the 2024 roadmap
10:16from the theme itself
10:17what is then expected from companies
10:19to then be revealed
10:21and also integrity
10:22turns out to be one of the main things
10:24that is also underlined
10:26Both Prof. Mardiasmo and Prof. Siddhartha
10:28we will discuss again
10:30regarding the 2024 annual report
10:32but we have to stop for now
10:34and stay tuned with us
10:36on Market Review
10:46Back with us on Market Review
10:48and still connected
10:50with Prof. Mardiasmo,
10:51Chairperson of the National Committee
10:53on Governance Policy, KNKG
10:54and Prof. Siddhartha Utama
10:56Chairperson of the 2024 Annual Report
10:59and we will discuss again
11:01about the 2024 annual report
11:04I want to go back to Prof. Mardiasmo
11:08what is then expected
11:12or maybe from the participants
11:14if we look at it
11:15is this direction open
11:17for all companies
11:18and actually when is the launch
11:20of the 2024 roadmap, Prof. Mardiasmo?
11:23Yes, so we
11:25God willing, we target
11:27approximately 200 companies
11:29Mr. Fadjar
11:30so both companies
11:33that are GoPublic
11:34or non-GoPublic
11:37and also we also
11:38communicate to
11:40corporations
11:42companies in the center
11:44or in the region, sir
11:45in this region, we also encourage
11:47so that PUMD
11:49and also BPD
11:51in the region
11:52participate in
11:55this very important event
11:57so that we can really
11:59get
12:01a very optimal benefit
12:04so that we can really
12:06see
12:09for this new KNKG
12:13also this new direction
12:15this new direction
12:16we try to develop it continuously
12:18we optimize it continuously
12:19so that we can compete
12:23with the judges
12:25who are very professional
12:27so that we can produce
12:29the best for corporations
12:31both in the center
12:32or in the region
12:33both GoPublic
12:34and non-GoPublic
12:35so that it can be achieved well
12:37that's all, Prof. Fadjar
12:38Okay, so it's quite high
12:40the target of the participants
12:42or participants from 2024
12:44but if we know
12:45usually this award
12:46Prof. Mardiasmo
12:47is usually evaluated
12:49but is it only an evaluation?
12:51or the company will also get
12:53feedback from the judges
12:54or from the management
12:56to improve it in the future
12:58for the corporations
13:00Oh yes, of course, Mr. Fadjar
13:02so after we get the award
13:04we will announce it later
13:06and also we will
13:08deliver it
13:10you can also
13:12receive all
13:14but also the most important
13:16we from the committee
13:18from the main participants
13:19also give this feedback
13:21to each company
13:23for continuous improvement
13:25there is room for improvement
13:27either those who have obtained
13:29or those who can maintain
13:31or those who
13:33probably haven't got it yet
13:35but where is the shortcoming
13:37from the four pillars
13:39including transparency
13:41or continuity
13:43so there is feedback
13:45and also from various
13:47like in the company itself
13:49will give something
13:51benefit IAI
13:53will also give something
13:55benefit offer for those
13:57who have obtained or those who have not
13:59obtained or those who must
14:01improvement
14:02there is best effort
14:04from year to year
14:06but there is already an extraordinary increase
14:08that will also give
14:10Mr. Fadjar
14:12Okay, of course, this feedback and appreciation
14:14is given along the way
14:16to the participants or even
14:18we can say also including the winner
14:20from the annual report award itself
14:22both Prof. Siddhartha
14:24maybe it can be explained again
14:26earlier it has been discussed
14:28actually what is it
14:30want to be seen by
14:32business from the direction of the corporations themselves
14:34but is there a criteria
14:36items that really need to be paid attention to
14:38by corporations or companies
14:40who are interested in joining
14:42in the direction of 2024
14:44Yes, that's right, Mr. Fadjar
14:46so here we have
14:48arranged criteria in evaluating
14:50the annual report and the continuity report
14:52from the participants
14:54basically the criteria
14:56arranged with
14:58purpose to encourage
15:00transparent companies
15:02in revealing how
15:04the business process then
15:06also the governance
15:08then the continuity
15:10so then by
15:12reading the annual report and the continuity report
15:14the stakeholders
15:16then get to evaluate
15:18how this company
15:20has created value
15:22not only for stockholders
15:24but also to
15:26other stakeholders
15:28other stakeholders
15:30therefore, the service criteria
15:32is not just based
15:34on the rules
15:36mandatory regulations
15:38so we refer to
15:40the 2021 OJK regulations
15:42on the annual report and continuity
15:44and this is
15:46mandatory for public insurance companies
15:48but not only
15:50on the rules that are
15:52mandatory, but also
15:54on the global best practice
15:56on the global best practice
15:58so we also refer
16:00to the recommendations
16:02that were delivered
16:04from the general document
16:06Indonesia's corporate governance
16:08from KNKG which was issued in 2021
16:10where this document
16:12was indeed arranged
16:14in 2021, we
16:16refer to the global best practice
16:18besides that, we also refer to
16:20a number of questions
16:22from ASEAN corporate governance scorecard
16:24so the point is
16:26that this company is encouraged
16:28to do transparency
16:30not only for
16:32the mandatory, but also
16:34voluntary, so that
16:36the annual report
16:38can be useful
16:40for stakeholders
16:42the change for this year
16:44is adjusted to the theme
16:46the theme was
16:48on the integrity aspect
16:50so here
16:52on the evaluation criteria
16:54there will be bonus questions
16:56there will be bonus questions
16:58that will evaluate how far
17:00this company has implemented
17:02the integrity aspect
17:04this ethical behavior
17:06in a substantive way
17:08in a substantive way
17:10and also in supporting
17:12business strategy
17:14so that in the end it has a positive impact
17:16on the reputation and
17:18continuation of the company's long term
17:20so that's it
17:22about the evaluation criteria
17:24so there are questions
17:26based on the regulation
17:28but there are also
17:30based on the best practice
17:32and then there are
17:34bonus questions
17:36that are
17:38referred to our theme this year
17:40and the process of
17:42evaluation itself also has an interview
17:44at the interview, that's the last stage
17:46the interview is the finalist
17:48who is chosen
17:50and then it is expected
17:52at this interview, the company leaders
17:54the commissioners and directors are present
17:56and then we will
17:58deliver questions
18:00that basically
18:02confirm what was revealed
18:04in the annual report and continuation
18:06especially here, what we emphasize is
18:08in accordance with the theme of this year
18:10so how far the company has
18:12implemented
18:14integrity, transparency, accountability
18:16in order to achieve continuation
18:18and of course it's all
18:20based on what was revealed by the company
18:22in the annual report and continuation
18:24okay, so
18:26the participants
18:28from the corporation or the company
18:30can then reveal
18:32what has been done related to the four pillars
18:34including continuation and so on
18:36then the impact on
18:38the business from the company
18:40but maybe
18:42a little bit or
18:44briefly, as we know
18:46this is quite beneficial
18:48for the corporation or the company
18:50but for the general public
18:52or maybe investors, what exactly
18:54can we take advantage of
18:56in 2024?
18:58Yes, we hope
19:00in the end, the one who receives the final benefit
19:02is precisely from the community
19:04from investors in the capital market
19:06and also the general public
19:08because what we want
19:10is that this company
19:12can improve the quality
19:14of its disclosure in the annual report
19:16and in the continuation report
19:18so integrity is very important
19:20because the one who organizes
19:22the annual report and continuation is the company
19:24so that they will
19:26have
19:28the possibility to want
19:30to convey only good things
19:32while
19:34based on the aspect of
19:36integrity, of course we have to be honest
19:38to convey what it is
19:40so that there is no
19:42window dressing
19:44greenwashing and so on
19:46so the annual report
19:48and the continuation report
19:50are credible
19:52can be relied on
19:54so that it can be used by investors
19:56and the community to make decisions
19:58so in the end
20:00the community should
20:02take advantage of this
20:04government in the sense
20:06that the credibility of the annual report
20:08from companies in Indonesia
20:10can easily increase
20:12Okay, this is getting
20:14more and more interesting
20:16related to ARA 2024
20:18Prof. Data, Prof. Mardiasmo
20:20but we have to pause again
20:22because there is still one segment
20:24and the judge is still with us
20:26Market Review will be right back
20:34back with us in Market Review
20:36and the judge is still connected
20:38via Zoom with Prof. Mardiasmo
20:40Chairman of the National Committee
20:42KNKG and Prof. Siddhartha Utama
20:44Chief Executive Officer of ARA
20:462024
20:48I'm going to Prof. Mardiasmo
20:50still related to the annual report
20:522024
20:54actually this category of appreciation
20:56in ARA, does it then
20:58have several categories
21:00or is it just one main category
21:02or what is it like Prof. Mardiasmo
21:04and how then
21:06if these companies want to follow
21:08the annual report award, is there
21:10a socialization phase
21:12that can be followed by the companies
21:14Yes, so the category
21:16we want
21:18a wider category
21:20so there are companies
21:22there are public companies
21:24there are non-public companies
21:26there are financial companies
21:28there are non-financial companies
21:30there are companies from the region
21:32including Sariah and so on
21:34therefore we will do
21:36socialization
21:38representing the ARA committee
21:40to gather
21:42all companies
21:44whether in the center or in the region
21:46whether to the public or
21:48to the public
21:50to follow ARA
21:522024 because there are various
21:54categories of appreciation and representing
21:56various types of companies
21:58God willing, we will do
22:00the first ARA socialization
22:02because there will be several stages
22:04later, the first one is
22:06for the emittance
22:08we will do the ARA socialization
22:10in 2024
22:12on Tuesday, March 18
22:14which will be held
22:16in Luring and also
22:18in Daring
22:20by presenting the keynote speech
22:22by Mr. Enano himself
22:24Mr. Enano Jayati
22:26as the head of the executive board of
22:28the capital market, directory finance
22:30and the carbon company OJK
22:32and also received
22:34by Mr. Iman Rahman
22:36as the chief director of PT Busa Effect Indonesia
22:38and in this socialization
22:40we will also present
22:42Mrs. Vera
22:44from BCA
22:46who used to be a general champion
22:48so that she can tell
22:50what her efforts are
22:52and how to maintain and so on
22:54and we also invite
22:56Mr. Lukas Kurniawan
22:58the president and director of PT
23:00Austin Indonesia
23:02to join us
23:04so that we can see
23:06what it is like
23:08and we will also listen to
23:10Mrs. Prof. Rinda Patigani
23:12as the judge of 2024
23:14maybe there were several categories
23:16including
23:18in the interview and so on
23:20which will be moderated
23:22by the Chief Data Officer
23:24as a section of KNKG
23:26and at the same time as the head of the
23:28ARA executive board this year
23:30Okay, so it needs to be noted
23:32that on March 18, 2025
23:34there will be a socialization
23:36related to the
23:38annual report award 2024
23:40so that it can be followed
23:42by companies
23:44or participants
23:46from ARA 2024
23:48then from Prof. Mardia
23:50to Prof. Siddhartha again
23:52Prof. Siddhartha, if we look at ARA 2024
23:54it was very close
23:56to the positive impact on the capital market
23:58but if we look further
24:00does this good corporate governance
24:02also have a positive impact
24:04on the national economy
24:06as a positive impact?
24:10That's right, Mr. Siddhartha
24:12so we also
24:14encourage from ARA
24:16many questions related to
24:18how the governance practice
24:20of companies
24:22and companies that implement
24:24governance
24:26in a real way
24:28so it's not
24:30just following
24:32for example just
24:34box ticking, just formalities
24:36of course it will benefit
24:38from the implementation of governance
24:40because the purpose of governance
24:42is basically to ensure
24:44that the company can achieve
24:46the goal, can achieve the vision and mission
24:48so this governance
24:50will then
24:52identify
24:54the obstacles
24:56that can
24:58reduce the achievement of the goal
25:00and then how the governance
25:02mechanism to overcome
25:04the obstacles
25:06so
25:08if the companies in Indonesia
25:10implement their business based on
25:12good governance principles
25:14according to the four pillars
25:16of governance
25:18from KNKG
25:20then the performance of the companies
25:22in Indonesia will increase and of course
25:24it will have a positive impact on
25:26Indonesia's economy
25:28so the investment will be more efficient
25:30then also because
25:32the governance always
25:34emphasizes the aspect of honesty
25:36the capital cost should
25:38also decrease
25:40and in the end it will also have a positive
25:42impact even on
25:44the capital pass, Mr. Fadjar
25:46so the investor will not hesitate
25:48to invest
25:50in stock in the stock market
25:52because they are sure that the companies in the stock market
25:54have also implemented good governance
25:56because basically the purpose of governance
25:58is to ensure the trust
26:00of the investor
26:02on their funds placed in these public companies
26:04so then the investor
26:06will not hesitate anymore
26:08to invest in the capital market
26:10that's it, Mr. Fadjar
26:12okay, that's what needs to be noted
26:14related to the positive impact
26:16not only for the capital market but also
26:18for the national economy
26:20maybe this will be the last question
26:22Prof. Mardiasmo, Prof. Sudarta
26:24is there any important message
26:26that you want to convey to the viewers
26:28related to the cancellation of the annual report this time
26:30please, from Prof. Mardiasmo first
26:32yes
26:34so indeed this year
26:36is more special
26:38more special than last year
26:40so hopefully later
26:42all the companies
26:44both public and non-public
26:46central and regional
26:48all types of companies
26:50financial or non-financial
26:52please join
26:54this year's report
26:56because it will be given
26:58something more and more important
27:00so it is expected
27:02this year's report
27:04will be more useful
27:06as the chairman said
27:08so it will be a very
27:10very prestigious
27:12and also increase the value of the company
27:14and finally
27:16to increase the development of Indonesia
27:18as well as the rating
27:20the important thing is that our rating will also increase
27:22and later, God willing
27:24these winners will also
27:26be compared
27:28with companies in Southeast Asia
27:30or in Asia
27:32so that we can really increase
27:34so that investors also believe
27:36public trust
27:38investor trust will be more
27:40trusted with
27:42this year's ARA report
27:44that's all, sir
27:46okay, Prof. Siddhartha
27:48maybe if there is something to add
27:50yes, I add what was said
27:52by Prof. Mardiasmo
27:54so indeed
27:56we hope that
27:58the participation of ARA for this year
28:00can increase compared to the previous year
28:02why is that?
28:04because participation in ARA
28:06will give a lot of benefits
28:08for companies
28:10the rating project
28:12is a very prestigious
28:14with very strict criteria
28:16and this shows
28:18the company's commitment to advance
28:20sustainability and also good governance
28:22and this should also be a positive response
28:24by investors and the public
28:26from companies with this rating project
28:28for companies that have not yet received a rating
28:30it also gives value added
28:32because
28:34by following ARA
28:36it also shows
28:38the company's commitment
28:40in order to continue
28:42strengthening transparency
28:44in various aspects
28:46and secondly, this company will also receive income
28:48very valuable income
28:50to be able to increase
28:52transparency from the ARA report
28:54and the company's sustainability report
28:56in the future, because as
28:58Mr. Chairman said
29:00we will deliver income
29:02based on their ARA report
29:04and hopefully it will continue to be
29:06made income to increase
29:08transparency
29:10and their sustainability report
29:12that's it, Mr. Chairman
29:14that was the last message
29:16as stated by the Prime Ministers
29:18especially related to ARA 2024
29:20once again, we would like to thank
29:22Prof. Mahathir Diasmo, Chief Executive
29:24of KNKG and also Prof. Siddhartha Utama
29:26Chief Executive of ARA 2024
29:28of course we hope
29:30ARA 2024 can run
29:32smoothly and also successfully
29:34with the target that has been set
29:36thank you Prof. Mahathir Diasmo, Prof. Siddhartha Utama
29:38thank you
29:40and good luck for ARA 2024