ACGS (ASEAN Corporate Governance Scorecard) - PT Waskita Beton Precast Tbk

ACGS

(ASEAN Corporate Governance Scorecard)

Part	Items		Practice	Source Information
A.1	Basic Shareholder Rights
	A.1.1	Does the company pay (interim and final/annual) dividends in an equitable and timely manner; that is, all shareholders are treated equally and paid within 30 days after being (i) declared for interim dividends and (ii) approved by shareholders at general meetings for final dividends? In case the company has offered Scrip dividend, did the company paid the dividend within 60 days.	WSBP didn’t distribute Interim and Script dividen. Final dividen of WSBP Date to AGMS : April, 23^rd 2021 Payment Date : March, 23^rd 2021 Published in: WSBP 2021 AGMS Result	Website-WSBP 2021 AGMS Result
A.2	Right to Participate in Decisions Concerning Fundamental Corporate Changes
	A.2.1	Amendments to the company`s constitution?	Shareholders have the right to participate in the amendments to the company`s constitution through GMS as stated in : Articles of Association of WSBP FY 2021, Article 11 (page 130)	Articles of Association of WSBP FY 2021, Article 11
	A.2.2	The authorisation of additional shares?	Shareholders have the right to participate in the authorization of additional shares as stated in : Articles of Association of WSBP FY 2021, Article 4 (page 105-111)	Articles of Association of WSBP FY 2021, Article 4
	A.2.3	The transfer of all or substantially all assets, which in effect results in the sale of the company?	Shareholders have the right to participate in the transfer of all or substantially assets, whic in effect results in the sale of company as stated in : Articles of Association of WSBP FY 2021, Article 16 (page 189-190)	Articles of Association of WSBP FY 2021, Article 16
A.3	Right to Participate Effectively in and Vote in General Shareholder Meetings and Should be Informed of the Rules, including Voting Procedures, that Govern General Shareholder Meetings
	A.3.1	Do shareholders have the opportunity, evidenced by an agenda item, to approve remuneration (fees, allowances, benefit-in-kind and other emoluments) or any increases in remuneration for the non-executive directors/commissioners?	GMS determines remuneration and honorarium for fiscal year 2020 and performance tantiem (bonus) for Fiscal Year ended on December 31^st, 2020 for members of Board of Directors and Board of Commissioners of the Company. As mentioned under : 1. WSBP 2021 AGMS Invitation, 3^rd Agenda. 2. WSBP 2021 AGMS Result, 3^rd Agenda.	1. Website-WSBP 2021 AGMS Invitation 2. Website-WSBP 2021 AGMS Result
	A.3.2	Does the company provide non-controlling shareholders a right to nominate candidates for board of directors/commissioners?	No it doesn`t	–
	A.3.3	Does the company allow shareholders to elect directors/commissioners individually?	Shareholders may elect individual Board of Directors / Board of Commissioners as mentioned on : 1. Guidelines of GCG 2. Quetions of the decisions of the Annual General Meeting of Shareholders No.13 May 4 2021	1. Guidelines of GCG 2. Articles of Association of WSBP FY 2021, Article 11
	A.3.4	Does the company disclose the voting procedures used before the start of meeting?	WSBP has disclosed and described the voting procedures used before performance of GMS in: WSBP 2021 AGMS Result	Website-WSBP 2021 AGMS Result
	A.3.5	Do the minutes of the most recent AGM record that the shareholders were given the opportunity to ask questions and the questions raised by shareholders and answers given recorded?	The questions raised by shareholders and answers given recorded on : Articles of Association No 13, Mei 2021.	Articles of Association No 13, Mei 2021
	A.3.6	Does the company disclose the voting results including approving, dissenting, and abstaining votes for all resolutions/each agenda item for the most recent AGM?	WSBP has disclosed the results of the voting including consent, dissenting opinion, and abstention on each agenda, in: WSBP 2021 AGMS Result (April 23^rd, 2021)	Website-WSBP 2021 AGMS Result
	A.3.7	Does the company disclose the list of board members who attended the most recent AGM?	WSBP has disclosed the list of Board of Directors and The Board of Commisioners presented at the AGMS 2021, in : WSBP 2021 AGMS Result	Website-WSBP 2021 AGMS Result
	A.3.8	Does the company disclose that all board members and the CEO (if he is not a board member) attended the most recent AGM?	WSBP has disclose attended of the Board of Commissioners and Directors at the 2020 AGMS and EGMS	1. AR- BOC 2. AR- BOD
	A.3.9	Does the company allow for voting in absentia?	The shareholder either is personally or represented by virtue of a Letter of Proxy reserves the right to attend the GMS, under condition that during the voting, members of Board of Directors, members of Board of Commissioners and employees of the Company shall be prohibited to act as a proxy under GMSWSBP 2021 AGMS Invitation	Website-WSBP 2021 AGMS Invitation
	A.3.10	Did the company vote by poll (as opposed to by show of hands) for all resolutions at the most recent AGM?	In the implementation of voting, each share provides the holder of it to cast 1 (one) vote, as mentioned under: WSBP 2021 AGMS Invitation	Website-WSBP 2021 AGMS Invitation
	A.3.11	Does the company disclose that it has appointed an independent party (scrutineers/inspectors) to count and/or validate the votes at the AGM?	WSBP has disclosed the appointment of the independent party for the purpose of vote counting : WSBP 2021 AGMS Result	1. Website- Materials for the AGMS 2. Website-WSBP 2021 AGMS Result
	A.3.12	Does the company make publicly available by the next working day the result of the votes taken during the most recent AGM for all resolutions?	WSBP has published voting results under 2020 GMS within 2 (two) business day after performance to AGMS on the date of April 23^rd2021 : WSBP 2021 AGMS Result	1. Website- Materials for the AGMS 2. Website-WSBP 2021 AGMS Result
	A.3.13	Do companies provide at least 21 days notice for all AGMs and EGMs?	Announcement of 2021 AGMS : March 17^th, 2021 Summons for 2019 AGMS : April 27^th, 2021 Performance of 2021 AGMS : April 23^rd, 2021 Based on the aforementioned information, summons for AGMS made within 22 Calender days before performance of GMS :1. WSBP 2021 AGMS Announcement 2. WSBP 2021 AGMS Invitation	1. Website-WSBP 2021 AGMS Announcement 2. Website-WSBP 2021 AGMS Invitation
	A.3.14	Does the company provide the rationale and explanation for each agenda item which require shareholders’ approval in the notice of AGM/circulars and/or the accompanying statement?	WSBP has prepared explanation to each agenda requiring shareholders approval under : WSBP 2021 AGMS Invitation-Agenda	Website-WSBP 2021 AGMS Invitation
	A.3.15	Does the company give the opportunity for shareholder to place item/s on the agenda of AGM?	In the agenda of the annual GMS, may be included a proposal proposed by the board of commissioners and/or a shareholder or more representing at least 1/20 of total shares issued by the company with the valid voting rights, provided that the relevant proposal shall be received by the board of directors no tlatter than 7 days prior to the notice of the annual GMS articles of association FY 2021, Deed of Company No. 13	Article of Association FY 2021
A.4	Markets for Corporate Control should be Allowed to Function in an Efficient and Transparent Manner
	A.4.1	In cases of mergers, acquisitions and/or takeovers requiring shareholders approval, does the board of directors/commissioners of the offeree company appoint an independent party to evaluate the fairness of the transaction price?	WSBP has disclosed information related to investment,expansion,divestment,acquisition and/or restructuring of debt/capital in the annual report of WSBP, started that the engagement of third party`s services to asses fairness of investment, acquisition, divestment and restructuring transaction made subject to the capital market applicable provisions. (AR WSBP page 164)	Annual Report FY 2020
A.5	The Exercise of Ownership Rights by All Shareholders, including Institutional Investors, should be Facilitated
	A.5.1	Does the company disclose its practices to encourage shareholders to engage with the company beyond AGM?	WSBP disclosed practices to support shareholders to keep connecting with the company other than the GMS. Waskita beton precast consistently provided companys comprehensive, up to date as well as proper information to shareholders and stakeholders : 1. Analyst meeting : Full year 2020 (1 times by zoom) 2. Public expose : Full year 2020 (1 Times by zoom) the information is mentioned in : Subtitle Investor Relations (Annual Report FY 2020, Page 300)	AR-Subtitle Investor Relations

B. Equitable Treatment of Shareholder

Part	Items		Practice	Source Information
B.1	Shares and Voting Rights
	B.1.1	Do the company`s ordinary or common shares have one vote for one share?	In the implementation of voting, each share provides the holder to cast 1 (one) vote, as mentioned in : Summary of Minutes of the AGMS 2021	Website-Result AGMS
	B.1.2	Where the company has more than one class of shares, does the company publicise the voting rights attached to each class of shares (e.g. through the company website / reports/ the stock exchange/ the regulator`s website)?	Waskita Beton Precast shares are registered shares are issued on behalf of the owner as registered in the shareholders register consisting of Waskita Karya share that spesifically can only be owned by parent company and by public. The company only acknowledges one person (individual person or legal entity) as the holder of 1 (one) share or more. the information is mentioned in : Annual Report WSBP FY 2020	Website-AR WSBP FY 2020
B.2	Notice of AGM
	B.2.1	Does each resolution in the most recent AGM deal with only one item, i.e., there is no bundling of several items into the same resolution?	Each determination for agenda is not related to determination of other agendas Waskita Beton Precast 2021 AGMS Result	Website-Summary of Minutes AGMS
	B.2.2	Are the company`s notice of the most recent AGM/circulars fully translated into English and published on the same date as the local-language version?	Invitation for 2021 AGMS is published in indonesia and english languages on the same date, whereas the summons for 2019 AGMS is made in counterparts, in indonesia and english language, as well as published on the same date: 1. Waskita Beton Precast 2021 AGMS Invitation 2. Waskita Beton Precast 2021 AGMS Announcement	1. Website-Invitation AGMS 2. Website-Announcement AGMS
	B.2.3	Are the profiles of directors/commissioners ( at least age, academic qualification, date of first appointment, experience, and directorships in other listed companies) in seeking election/re-election included?	Profile of board commisionner in seeking election of 2021 AGMS is published in Waskita Beton Precast`s website. Waskita Beton Precast 2021 AGMS list of supporting material for agenda	Waskita Beton Precast 2021 AGMS List of Supporting Material for Agenda
	B.2.4	Are the auditors seeking appointment/re-appointment clearly identified?	Waskita Beton Precast appointed public accounting firm Amir, Abadi, Jusuf (AAJ) to audit the consolidated financial statements of the company and annual patership and community Development Program Report for the Financial Year ended on December 31st 2020, as mentioned in : Waskita Beton Precast 2020 AGMS results	Website-Result AGM
	B.2.5	Were the proxy documents made easily available?	Document of power attorney from shareholders can be easily downloaded in waskita beton precast website. 1. Waskita Beton Precast 2021 Invitation of the AGMS, Notes 2. Waskita Beton Precast 2021-Power of Attorney	1. Website-Invitation AGMS 2. Waskita Beton Precast 2021-Proxy Form
B.3	Insider Trading and Abusive Self-Dealing should be Prohibited
	B.3.1	Does the company have policies and/or rules prohibiting directors/commissioners and employees to benefit from knowledge which is not generally available to the market?	Waskita Beton Precast officials possesing the confidential informatin information shall not missue such information for their personal, their families or other third parties advantages. As mentioned in: 1. Managements of the BOC`s Conflict of Interest-Annual Report FY 2020 (page 164) 2. Preventien of Insider Trading-Annual report FY 2020 (Page 24)	1. Annual Report FY 2020-Independensi-Conflict of Interest 2. Annual Report FY 2020-Insider Trading
	B.3.2	Are the directors / commissioners required to report their dealings in company shares within 3 business days?	Member of Board of Commissioners and Board of Directors must submit to the Corporate Secretary related to the changes of their company’s share ownership on the transaction day or no later than 3 (three) days. (Waskita Precast Procedures-Information Disclosure Management Procedures, page 26)	Information Disclosure Management Procedures (PWP)
B.4	Related Party Transactions by Directors and Key Executives
	B.4.1	Does the company have a policy requiring directors /commissioners to disclose their interest in transactions and any other conflicts of interest?	1. WSBP has policy stipulating the disclosure by Board of Directors and Board of Commissioners regarding conflict of interest stated in GCG Charter. 2. GCG Charter, point. V-Conflict of Interest number V.2, page 49. Board Manual Charter, point. III-Conflict of Interest number III.7, page 31. 3. Annual Report of WSBP FY 2020, page 164	1. GCG Charter 2. Board Manual Charter 3. Annual Report FY 2020-Independensi-Conflict of Interest
	B.4.2	Does the company have a policy requiring a committee of independent directors/commissioners to review material/significant RPTs to determine whether they are in the best interests of the company and shareholders?	1. Transaction Policies with the Related Parties of WSBP are as follows: The company carries out transactions with related parties disclosures in AR on page 165) 2. Based on Annual Report 2020, WSBP has internal policies related to transactions that contain conflicts of interest and / or transactions with affiliated parties (Annual Report FY 2020, page 164)	1. AR Definition Related Parties 2. AR Company Policy Regarding the Review Mechanism of Transactions
	B.4.3	Does the company have a policy requiring board members (directors/commissioners) to abstain from participating in the board discussion on a particular agenda when they are conflicted?	WSBP determines policies specifying: Each member of the Board of Commissioners who is personally in any way whatsoever, either directly or indirectly, has interest in a transaction, contract or a proposed contract in which matter the Company is a party must be declared in the Board of Commissioners Meeting and accordingly has no right to cast a vote concerning matters in relation to such transaction or contract. As mentioned in: 1. Articles of Association of WSBP FY 2021(page 195) 2. Articles of Association of WSBP FY 2021 (page 195) 3. Articles of Association of WSBP FY 2021 (page 216)	1. Articles of Association of WSBP FY 2021(page 195) 2. Articles of Association of WSBP FY 2021(page 195) 3. Articles of Association of WSBP FY 2021 (page 216)
	B.4.4	Does the company have policies on loans to directors and commissioners either forbidding this practice or ensuring that they are being conducted at arm`s length basis and at market rates?	The company does not have a loan policy to directors and commissioners
B.5	Protecting Minority Shareholders from Abusive Actions
	B.5.1	Does the company disclose that RPTs are conducted in such a way to ensure that they are fair and at arms` length?	As transactions with third, the company`s and repated party transactions are conducted in line with the company`s operational and business development needs	AR-Reason for Transaction
	B.5.2	In case of related party transactions requiring shareholders approval, is the decision made by disinterested shareholders?	The company has disclosed all the characterictics and transactions with related parties as part of the Important Accounting Policies related to Affiliate Relations (Related Parties), which can be seen in the Company`s 2020 Financial Statement	Material Information Containing Conflicts of Interest and or Transaction with Related Parties

C. Role of Stakeholders

Part

Items

Practice

Source Information

C.1

The Rights of Stakeholders that are Established by Law or through Mutual Agreements are to be Respected (Does The Company Disclose a Policy and Practices that Address)

C.1.1

The existence and scope of the company`s efforts to address customers` welfare?

Policy and Implementation: 1. Corporate Social Responsibilities to Product, Services, Consumer-Annual Report of WSBP FY 2020, page 364 2. Involvement of Interest Groups-Sustainability Report of WSBP FY 2020, page 24

1. AR-Corporate Social Responsibilities to Product, Services, Consumer 2. SR-Involvement of Interest Groups

C.1.2

Supplier/contractor selection procedures?

It`s in the Procurement Procedure

Procurement Procedure

C.1.3

The company`s efforts to ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?

Policy and Implementation : Corporate Social Responsibilities Related to the Environment (Annual Report of WSBP FY 2020, page 338) WSBP Sustainability Action Plan-Sustainability Report WSBP FY 2020, page 110-116

1. AR-Corporate Social Responsibilities Related to the Environment 2. SR-Realization Corporate Social Responsibilities Related to the Environment

C.1.4

The company`s efforts to interact with the communities in which they operate?

Corporate Social Responsibilities to Social and Community Development-Annual Report of WSBP FY 2020, page 102

AR-Corporate Social Responsibilities to Social and Community Development

C.1.5

The company`s anti-corruption programmes and procedures?

There are : 1. Gratification policy 2. Anti Bribery Management System 3. Whistleblowing System 3. Dissemination of the Anti-Bribery Management System to employees and vendors

1. Gratification policy 2. Anti Bribery Management System ISO 37001:2016 3. Whistleblowing System 4. Dissemination of the Anti-Bribery Management System to employees and vendors

C.1.6

How creditors` rights are safeguarded?

It`s in a banking agreement. Example: compliance of a covenant in terms of maintaining the financial ratios set by the bank, compliance of covenants in the case of collecting administrative documents such as annual reports and quarterly given on time

Secret document

C.1.7

Does the company have a separate report/section that discusses its efforts on environment/economy and social issues?

WSBP has made a separated report discussing contribution of WSBP in environmental/economic and social management, comprising Sustainability Report that may be downloaded from WSBP Website.

Sustainability Report WSBP

C.2

Where Stakeholder Interests are Protected by Law, Stakeholders should have The Opportunity to Obtain Effective Redress for Violation of Their Rights

C.2.1

Does the company provide contact details via the company`s website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?

WSBP provides contact details through WSBP`s website or Annual Report, where stakeholders may submit their criticisms and suggestions, as outlined in : 1. Contact Us (WSBP Website) 2. Customer Complaint Activity (Annual Report of WSBP FY 2020, page 364-366)

1. Contact Us 2. AR-Consumer Activity

C.3

Performance-Enhancing Mechanisms for Employee Participation should be Permitted to Develop

C.3.1

Does the company explicitly disclose the policies and practices on health, safety and welfare for its employees?

WSBP has disclosed policies and implementation on employees health, safety and welfare as mentioned at: 1. Corporate Social Responsibility Related to Labor, Health, and Safety (Annual Report 2020 Pg. 344-359) 2. Fulfillment of Employee Rights (Annual Report 2020 Pg. 344-353) 3. Remuneration & Nomination (Sustainability Report 2020 Pg. 91) 4. Employee Facilities & Welfare (Annual Report Pg. 353)

1. Corporate Social Responsibility Related to Labor, Health, and Safety 2. Fulfillment of Employee Rights 3. Remuneration & Nomination 4. Employee Facilities & Welfare

C.3.2

Does the company explicitly disclose the policies and practices on training and development programmes for its employees?

WSBP has disclosed the policies and practices on training on development programs for employees as mentioned at: 1. HC Training and Development (Annual Report 2020 Pg. 350-351) 2. HSE Training and Certification (Annual Report 2020 Pg. 358)

1.HC Training and Development 2. HSE Training and Certification

C.3.3

Does the company have a reward/compensation policy that accounts for the performance of the company beyond short-term financial measures?

WSBP has a reward/compensation policy that accounts for the perfomance of employees as mentioned at: 1. Remuneration & Nomination (Sustainability Report 2020 Pg. 91) 2. Employee Facilities & Welfare (Annual Report Pg. 353)

1. Remuneration & Nomination 2. Employee Facilities & Welfare

C.4

Stakeholders including Individual Employee and Their Representative Bodies, should be able to Freely Communicate Their Concerns about Illegal or Unethical Practices to the Board and Their Rights should not be Compromised for Doing This

C.4.1

Does the company have a whistleblowing policy which include procedures for complaints by employees and other stakeholders concerning illegal and unethical behaviour and provide contact details via the company`s website or annual report?

Waskita Beton Precast has provided reporting media for actions or indications of fraud and/or non fraud that can harm customers and Waskita Beton Precast as follows : Tim Whistleblowing System wbp@waskitaprecast.co.id PT Waskita Beton Precast Tbk Teraskita Building 3th floor JL MT Haryono Kav 10A, East Jakarta 02122892999

1. Whistleblowing System (Website) 2. AR- Whistleblowing System 3. Gratification Policy

C.4.2

Does the company have a policy or procedures to protect an employee/person who reveals illegal/unethical behaviour from retaliation?

WSBP has established procedures for protection of employees reporting activities that violate code of ethics as included in: 1. Whistleblowing System in Website 2. Whistleblowing System in AR

1. Whistleblowing System (Website) 2. AR- Whistleblowing System

D. Disclosure and Transparency

Part	Items		Practice	Source Information
D.1	Transparent Ownership Structure
	D.1.1	Does the information on shareholdings reveal the identity of beneficial owners, holding 5% shareholding or more?	The information regarding the shareholders holding 5% or more shares has been disclosed in Annual Report of WSBP 2020, pages 122, regarding Shareholders Composition	Shareholders Composition
	D.1.2	Does the company disclose the direct and indirect (deemed) shareholdings of major and/or substantial shareholders?	The information regarding the direct and indirect shareholders has been disclosed in the indonesia version of Annual Report of WSBP 2020, pages 123-124, regarding Shareholders Composition	Shareholders Composition
	D.1.3	Does the company disclose the direct and indirect (deemed) shareholdings of directors (commissioners)?	The information regarding the shares : 1. Ownership of Board of of Commissioners has been disclosed in the indonesia version of Annual Report of WSBP 2020, page 208 2. Ownership of Board of of Directors has been disclosed in the indonesia version of Annual Report of WSBP 2020, page 228	1. Ownership of BOC 2. Ownership of BOD
	D.1.4	Does the company disclose the direct and indirect (deemed) shareholdings of senior management?	WSBP did not disclosed the share ownership of senior management.
	D.1.5	Does the company disclose details of the parent/holding company, subsidiaries, associates, joint ventures and special purpose enterprises/ vehicles (SPEs)/ (SPVs)?	The information regarding the WSBP group structure has been disclosed in the indonesia version of Annual Report 2020, as mentioned below: 1. WSBP does not has any subsidiary or asssociate-Annual Report 2020, page 125 2. WSBP group structure-Annual Report 2020 page 122	1. Subsidiary or Associate 2. WSBP Group Structure
D.2	Quality of Annual Report
	Does the Company`s Annual Report Disclose the Following Item :
	D.2.1	Corporate objectives	Vision, Mission and Corporate Culture-Annual Report FY 2020, page 62-66	Vission, Mission, Culture
	D.2.2	Financial performance indicators	Financial Highlights-Indonesia version of Annual Report FY 2020, pages 10-17	Financial Highlight
	D.2.3	Non-financial performance indicators	Operational Highlights- Indonesia version of Annual Report FY 2020, pages 18	Operational Highlight
	D.2.4	Dividend policy	Dividend Highlight- Indonesia version of Annual Report FY 2020, page 166	Dividend Highlight
	D.2.5	Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners	1. BOC biography-Indonesia version of Annual Report FY 2020, pages 88-95 2. BOD biography-Indonesia version of Annual Report FY 2020, pages 96-105	1. BOC Biography 2. BOD Biography
	D.2.6	Attendance details of each director/commissioner in all directors/commissoners meetings held during the year	1. BOC meeting, annual report FY 2020 page 212 2. BOC and BOD joint meeting, annual report FY 2020 page 214-215 3. BOD meeting, annual report FY 2020 page 232	1. BOC Meeting Presence 2. BOC & BOD Joint Meeting Presence 3. BOD Meeting Presence
	D.2.7	Total remuneration of each member of the board of directors/commissioners	BOC & BOD remuneration	BOC & BOD Remuneration
	Corporate Governance Confirmation Statement
	D.2.8	Does the Annual Report contain a statement confirming the company`s full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?	WSBP shows full compliance with the code of corporate governance in Annual Report 2020. As mentioned in: 1. Compliance to GCG Principles by Corporate Governance Procedures of WSBP practice 2. Soft-structure of GCG WSBP 3. Assesment: Evaluation, Monitoring, and Increasing The Implementation of Good Corporate Governance 4. Conformity of the Development of GCG Implementation in the WSBP Scope with OJK Circular Letter No. 32/SEOJK/04/2015 concerning the Guidelines of Corporate Governance of the Public Company	1. Annual Report Pg. 176 2. Annual Report Pg. 182-183 3. Annual Report Pg. 308 4. Annual Report Pg. 178
D.3	Disclosure of Related Party Transactions (RPT )
	D.3.1	Does the company disclose its policy covering the review and approval of material/significant RPTs?	Transaction Policies with the Related Parties of WSBP are as follows: Material Information Containing Conflicts of interest and/or transactions with related parties: (Annual Report of WSBP FY 2020, page 164)	AR-Definition of related parties
	D.3.2	Does the company disclose the name, relationship, nature and value for each significant/material RPTs?	WSBP has been disclosed the name of Related Parties and nature of relationships as mention in: Annual Report of WSBP FY 2020, page 164	AR-Name of Related Parties and Nature of relationships 164
D.4	Does the company disclose trading in the company`s shares by insiders?
	D.4.1	Does the company disclose trading in the company`s shares by insiders ?	WSBP has disclosed information as referred to in the Annual Report of WSBP FY 2020, as mentioned in : Share ownership of board of commissioners and board of directors	1. Ownership of BOC 2. Ownership of BOD
D.5	External auditor and Auditor Report
	Where the same audit firm is engaged for both audit and non-audit services
	D.5.1	Are the audit and non-audit fees disclosed ?	1. Audit yearly fees disclosed in Annual report page 127 2. Non audit fees aren`t disclose	Audit fees
	D.5.2	Does the non-audit fee exceed the audit fees ?	The company just disclose the audit fees	Audit fees
D.6	Medium of communications
	D.6.1	Quarterly reporting	WSBP uses Quarterly Financial Report as medium of communication to public, especially to shareholders and stakeholders. All of Quarterly Financial Report can be downloaded on WSBP`s website	Website-Quarterly Reporting
	D.6.2	Company website	WSBP uses Company Website as medium of communication and updated regularly, which can be accessed through	Company Website
	D.6.3	Analyst`s briefing	WSBP uses Company Update contained in Investor Presentation as a medium to communicating with public throughout WSBP`s update. Such information can be accessed through	Company Website
	D.6.4	Media briefings /press conferences	During 2020, WSBP has conducted Public Expose. Furthermore, WSBP uses press release as a media communication to public and updated regularly. 1. Public Expose 2020 2. Press Release	1. Annual Report Pg. 300 2. Website-Press Release
D.7	Timely filing/release of annual/financial reports
	D.7.1	Are the audited annual financial report / statement released within 120 days from the financial year end?	WSBP has published the Financial Statement Year 2020 on March 31th, 2021 (within 120 days) through the Harian Terbit newspaper.	Harian Terbit-FS Audited
	D.7.2	Is the annual report released within 120 days from the financial year end?	WSBP has published the Annual Report Year 2020 through the WSBP`s Website and IDX Website on April 1st, 2021 (within 120 days). 1. Annual Report 2. WSBP letter to OJK No. 92/WBP/SP/2021 concerning the submission of WSBP Annual Report 2020.	1.Annual Report 2. Submission of AR 2020 (OJK)
	D.7.3	Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?	1. The responsibility statement of the Board of Commissioners and Directors of the Annual Reports for 2020 2. The Board of Director`s statement letter relating to the responsibility on the financial statements for the years ended December 31, 2020 and 2019 is in the Annual Report 2020	1. Statement of the Board of Directors & Commissioners Annual Report 2020 2. Statement of the Board of Directors Financial Statement 2020
D.8	Company website
	Does the company have a website disclosing up-to-date information on the following:
	D.8.1	Financial statements/reports (latest quarterly)	WSBP has disclosed latest quarterly Financial Statements/Reports in Website	Website-Quarterly Report
	D.8.2	Materials provided in briefings to analysts and media	WSBP has disclosed Company Update per Quarter in Website	Website-Investor Presentation
	D.8.3	Downloadable annual report	WSBP has disclosed downloadable Annual Report in Website	Website-Annual Report
	D.8.4	Notice of AGM and/or EGM	WSBP has disclosed Notice of AGM and/or EGM	Website-Notice of AGM/EGM
	D.8.5	Minutes of AGM and/or EGM	WSBP has disclosed Minutes of AGM and/or EGM	Website-Mintues of AGM/EGM
	D.8.6	Company`s constitution (company`s by-laws, memorandum and articles of association)	WSBP has Amendment to Articles of Association No 10a Dated May 4 2021	Articles of Association No 10a Dated May 4 2021
D.9	Investor relations
	D.9.1	Does the company disclose the contact details (e.g. telephone, fax, and email) of the officer / office responsible for investor relations?	Yes, WSBP has disclosed the contact details of the Investor Relation at: 1. Contact Us 2. General Information and Corporate Identity-Annual Report FY 2020 page 55	1. Contact Us 2. AR-General Information and Corporate Identity

E. Responsibilities of the Board

Part

Items

Practice

Source Information

E.1

Board Duties and Responsibilities

Clearly defined board responsibilities and corporate governance policy

E.1.1

Does the company disclose its corporate governance policy / board charter?

WSBP has disclosed: 1. GCG code in website 2. Manual of Board of Commissioner and Director 3. GCG Infrastructure (Annual Report FY 2020, pages 181-182)

1. Website-GCG Code 2. Website-Board Manual 3. AR-GCG Infrastructure

E.1.2

Are the types of decisions requiring board of directors/commissioners` approval disclosed ?

Actions taken by Board of directors subject to written approval from Board of Commissioners as included in Articles of Association article 16 section 10 pages 144-145

Article of Association-decision approval

E.1.3

Are the roles and responsibilities of the board of directors/commissioners clearly stated ?

The roles and responsibilities of the Board of Directors and Board of Commissioners are clearly stated and included in: 1. Duties and responsibilities of Board of Directors (Annual Report FY 2020, page 223-226) 2. Duties and responsibilities of Board of Commissioners (Annual Report FY 2020, pages 204-206)

1. AR-Duties & Responsibilities BOD 2. AR-Duties & Responsibilities BOC

Corporate Vision/Mission

E.1.4

Does the company have an updated vision and mission statement?

Available at: 1. Website (At a glance-vision & mission) 2. Annual Report FY 2020, pages 62-63

1. Website-Vision & Mission 2. AR-Vision & Mission

E.1.5

Does the board directors play a leading role in the process of developing and reviewing the company’s strategy at least annually?

WSBP has disclosed its process of reviewing the company strategy at: 1. BOC supervisory function on corporate strategy implementation in Annual Report FY 2020, page 38 regarding 2. Annual Report FY 2020, page 45 3. Article of association section 21 article 1 page 165

1. AR-BOC supervisory on strategy 2. AR-Strategic policy 3. Article of Association-strategy review

E.1.6

Does the board of directors have a process to review, monitor and oversee the implementation of the corporate strategy?

Board of Directors has significant role in company strategic review process within at least annually. Board of Commissioner also has important role in company strategic review process 1. Annual Report FY 2020, page 38 regarding BOC supervisory function on corporate strategy implementation 2. Annual Report FY 2020, page 204: duties and responsibilities of BOC related to strategy 3. Annual Report FY 2020, page 224: duties and responsibilities of BOD related to strategy 4. Article of association section 17 pages 148-152

1. AR-BOC supervisory on strategy 2. AR-Duty & responsibility BOC to strategy 3. AR-BOD responsibility on strategy 4. Article of Association-strategy monitoring

E.2

Board Structure Code of Ethics or Conduct

E.2.1

Are the details of the code of ethics or conduct disclosed?

Details of code of conduct are disclosed in: 1. Code of Conduct (Annual Report FY 2020, pages 303-304) 2. Website (Governing-GCG Practices, and Governing-Code of Conduct)

1. AR-Code of Conduct 2. Website-Code of Conduct

E.2.2

Are all the directors/commissioners, senior management and employees required to comply with the code/s?

All Board of Commissioners, Board of Directors and employees must comply with the code of conduct, as disclosed in: 1. Annual Report FY 2020, pages 303-304 2. Code of Conduct in Website (Governing-GCG Practices)

1. AR-Code of Conduct 2. Website-Code of Conduct

E.2.3

Implemention and Monitoring procedures for Code of Conduct

WSBP has implementation and monitoring procedures for code of conduct compliance to through disclosure and socialization of code of conduct and corporate culture. Efforts to implement and enforce code of conduct are carried out with full awareness in the form of commitments, attitudes and actions, which include: 1. Statement of Compliance 2. Commitment of Management and Entire WSBP Employees 3. Integrity Pact As stated in: 1. Annual Report FY 2020, pages 303-304 2. Website (Governing-GCG Practices)

1. AR-Code of Conduct 2. Website-Code of Conduct

Board Structure & Composition

E.2.4

Do Independent directors/ commissioners make up at least 50% of the board of directors/commissioners?

WSBP does not have independent directors/commissioners at least 50% of the directors/commissioners. In the event that the Board of Commissioners consists of more than 2 (two) people, at least 30% (thirty percent) are Commissioners Independent as determined in the decision of his appointment.

AR page 201

E.2.5

Does the company have a term limit of nine years or less or 2 terms of five years1 each for its independent directors/commissioners?

1. Provisions of term of office of a member ofthe Board of Directors are appointes of the period from the date determined by the GMS that appoints them and ends at the closing of the 5th (fifth) annual GMS after the date of appointment, but by not reducting tge right of teh GMS to at any time dismiss the directors before his term of office ends by stating the reason After the term of office ends, the Directors can be reappointed in accordance with the GMS decision. 2. Explanation about Requrement and Membership For Directors. 3. Explanation about Term of Office and composition of BOC. 4. Explanation about Board of Commissioner Requirment. 5. Explanation about Term of Office Of BOC

1. AR Page 222 2. AR Page 251 3.AR Page 202-203 4. AR Page 201-202 5. AR Page 202-203

E.2.6

Has the company set a limit of five board seats that an individual independent/ non-executive director/commissioner may hold simultaneously

Information related to double position of Board of Commissioners/ Independent Commissioners presented at table of Disclosure of Affiliate Relation Between the Directors, Board of Commissioners, and Major/Controlling Shareholders

1. BOC 2. BOD

E.2.7

Does the company have the executive directors who serve more than two boards of listed companies outside of the group?

Default by Regulation None of Board of Directors of WSBP having double positions at the other Public Companies.

AR Page 227-228

E.2.8

Does the company have a Nominating Committee (NC)?