Risk management is an integrated part of GCG which aims to minimize the potential risk of negative events and to maximize the probability of positive events. The Company’s risk management system applies to all business units and supporting functions. The monitoring of risk management system is carried out by the Audit Committee assisted by the Internal Audit Unit.
The Company’s risk management objectives include:
TBS Energi Utama upholds good governance in doing business and is currently establishing a proper whistleblowing system to better accommodate reporting on suspected violations to the Company’s code of conduct. The Company has implemented open door policy for the Board of Directors and the management team to openly receive any complaints and discuss about any issues. The Company aims to create conducive work ambience by reinforcing positive work ethics and will sanction any violations according to the Company’s policy.