In line with the commitment to carry out good corporate governance, the Company implements Enterprise Risk Management (ERM) which aims to anticipate all risks that may arise in every business activity. These risks are managed so as not to impede the achievement of the Company’s goals and objectives. In ERM, Risk Management is inherent in the operation of each work unit, involving all members of the Company, management and employees to identify an event or potential event that can cause harm and to manage those risk comprehensively. In order to integrate Risk Management into an inseparable part of the Company’s business and operational processes, several strategic steps have been taken which include:
Developing Risk Management policies as a guideline for the Company’s risk management in the form of a Decree of the Directors of PT Dayamitra Telekomunikasi no. KD.13/CEO-010/III/2012 dated March 15, 2012. This guideline contains the standard framework for implementing Risk Management, which is implemented in the ERM at every level;
Establishing risk registers and periodically assess risk levels and mitigation plans needed to control risk in accordance with the risk register;
Determining the priority scale of Risk Management and alternative mitigation plans by considering the level of cost and benefit;
Monitoring the implementation of the mitigation program and its impact on changes in the level of risk on a regular basis to ensure that the level of risk can be controlled in a reasonable level and reporting the results of risk control to stakeholders and related parties.
In carrying out its business activities, the Company is inseparable from a number of risks, both risks originating from internal and external companies. To ensure that all risks that have the potential to impede the achievement of company objectives can be identified and controlled, a risk management process is carried out, starting from risk identification, assessment of risk levels, preparation of risk control programs (mitigation) to monitoring, and ongoing control.
Risk Management Policy
The Company continues to improve the effectiveness of Risk Management by evaluating its implementation and disseminating Risk Management policies to the Directors and related Management as a guide in making decisions. In addition, an agreement from the Board of Directors and related Management is needed for the strategy to be taken. The entire process from the identification of risks to obtaining approval from the Risk Management Committee is well documented. After decisions and strategies have been determined, monitoring and reporting are then carried out with assistance from the Internal Audit Unit.
The management of Risk Management refers to the Risk Management Guideline in accordance with Decision of Directors no.KD.13/CEO-010/ III/2012. This guideline contains the standard framework for implementing Risk Management, which is implemented in ERM at every level.
Like other business sectors, our business activities are inseparable from business risks, which are influenced by internal and external factors. Therefore, Risk Management plays an important role in business management as an anticipation step for potential uncertainties as well as formulating necessary mitigation measures.
Telkom Landmark Tower, Lantai 25-27 Jl. Gatot Subroto Kav. 52 Jakarta, 12710, Indonesia
(021) 2793 3363
email@example.com fax: 021 2277 0817
PT Dayamitra Telekomunikasi Tbk. or Mitratel is a subsidiary of PT Telkom Indonesia (Persero) Tbk which is engaged in telecommunications infrastructure.