Our Managing Partner, Ibu Lilik D. Setyadjid is honored to have become a host and a mediator for PT Semen Padang event “Corporate Fundamental”. For the main speaker, the company invites Ibu Irene Putrie, Asisten Perdata & Tata Usaha Negara Kejaksaan Tinggi Jawa Timur to discuss about “Business Judgment Rule (BJR) and Corruption Prevention in SOE”. The attendees come from PT Semen Padang and its subsidiary.

The event unfolding what activity is considered corruption and unmasking schemes that was used by a recent convicted. The discussion was very fruitful and we hope that any activity that is considered as unlawful and fall under the categorization of corruption could be prevented and the BJR is being applied accordingly in the future.

During the event, Ibu Irene Putrie, with her profound expertise in legal matters, highlighted crucial aspects of the Business Judgment Rule (BJR) and its significance in preventing corruption within state-owned enterprises (SOEs). She articulated that BJR empowers corporate decision-makers to act in the best interest of the company without undue fear of legal repercussions, provided their decisions are made in good faith, based on adequate information, and without conflicts of interest. This principle not only fosters transparency but also enhances corporate governance, essential for maintaining public trust in SOEs.

The attendees, comprising executives from PT Semen Padang and its subsidiaries, actively engaged in the dialogue, seeking clarity on specific scenarios and practical applications of BJR in their day-to-day operations. The session underscored the importance of robust internal controls and ethical leadership in safeguarding against corruption. Ibu Lilik D. Setyadjid, as the host and mediator, facilitated a constructive exchange of ideas, emphasizing the commitment of PT Semen Padang to uphold integrity and compliance in all facets of its operations. The event concluded with a renewed sense of purpose and a collective determination to implement best practices that mitigate corruption risks and uphold the principles of the Business Judgment Rule.