GOVERNANCE
WIR Group is a national immersive technology pioneer company that helps brands multinational utilizes the sophistication of Web 3.0 and currently the Company is fully committed to the principles of good corporate governance (Good Corporate Governance/GCG). The core of the Company's values lies in a strong commitment to the principles of corporate governance for public companies, which ensures that stakeholders receive clear and comprehensive information about our operations, financial condition, and decision-making processes within the Company. Corporate governance not only builds trust but also strengthens business transparency, allowing all stakeholders to make informed decisions.
Along with its commitment to comply with GCG, the Company is also subject to regulations. The Company complies with all relevant laws and industry standards, understanding that compliance goes beyond mere obligations and is an essential component of responsible and ethical business conduct. By proactively complying with regulations, the Company can ensure equality, mitigate risks, and uphold the highest standards of integrity in all of its operational activities.
In terms of operations related to sustainability aspects, the Company is committed to contributing to stakeholders and Shareholders. The Company realizes that business success cannot be separated from the support of the community, employees, and investors. The Company embeds sustainability practices into its business model, seeks to minimize environmental impacts, promote social justice, and uphold high standards of governance. By prioritizing the interests of stakeholders and Shareholders, the Company provides positive impacts and strengthens social welfare.
The Company applies 5 (five) GCG principles in carrying out its business processes, namely:
1. Transparency
- Providing relevant, easily accessible and understandable information to stakeholders, including matters important for decision making by Shareholders, creditors and other stakeholders.
- Disclosure of information includes but is not limited to the Company's vision, mission, business objectives, strategies, financial and non-financial conditions of the Company, the composition of the Board of Commissioners and Directors, Controlling Shareholders, risk management, internal monitoring and control systems, implementation of compliance functions, corporate governance systems and implementation as well as material information and facts that may influence investor decisions.
2. Accountability
- Accounting for performance in a transparent and fair manner so that the Company's performance can run effectively and efficiently.
- Setting business goals and strategies.
- Establish clear duties and responsibilities for each member of the Board of Commissioners and Board of Directors and all levels below them that are in line with the Company's vision, mission, values, business targets and strategies.
3. Responsibility
- Comply with laws and regulations and carry out community and environmental responsibilities to support long-term business sustainability.
- Adhere to the principle of caution in carrying out every plan.
4. Independence
- Manage business activities independently.
- Each unit does not dominate each other and is not intervened by other parties.
5. Equality and Fairness
- Taking into account the interests of Shareholders and other stakeholders.
- Free from any pressure from any party
WIR Group is a national pioneer in immersive technology, assisting multinational brands in harnessing the advancements of Web 3.0 and the Company is currently fully committed to the principles of Good Corporate Governance (GCG). The core of our corporate values lies an unwavering dedication to corporate governance principles for a public company, ensuring that stakeholders are provided with clear and comprehensive information about the Company's operations, financial conditions, and decision-making processes. Corporate governance not only builds trust but also enhances business transparency, enabling all stakeholders to make well-informed decisions.
Together with our commitment to corporate governance principles, the Company values the importance of compliance with regulations. The Company diligently adheres to all relevant laws and industry standards, understanding that strict adherence is not only a legal imperative but also a vital component of responsible and ethical business conduct. By proactively complying with regulations, the Company ensures a level playing field, mitigates risks, and upholds the highest standards of integrity in its operations.
In terms of sustainability-related operations, the Company is committed to giving back to stakeholders and shareholders. The Company recognizes that its success is intertwined with the well-being of its community, employees, and investors. The Company integrates sustainable practices into its business model, seeking to minimize its environmental footprint, promote social equity, and uphold high governance standards. By prioritizing the interests of both stakeholders and shareholders, the Company creates a positive impact and strengthens social well-being.
The Company adheres to 5 (five) GCG principles in carrying out its business processes, namely:
1. Transparency
- Provides relevant, easily accessible, and comprehensible information to stakeholders, including crucial details for decision making by shareholders, creditors, and other stakeholders.
- Disclosure of information includes but is not limited to vision, mission, business objectives, Company strategy, financial and non-financial conditions of the Company, composition of the Board of Commissioners and Board of Directors, Controlling Shareholders, risk management, monitoring and internal control systems, implementation of the compliance function, systems, and implementation of corporate governance as well as material information and facts that may influence investors' decisions.
2. Accountability
- Holding performance accountable transparently and fairly to ensure the company's effective and efficient operations.
- Establishing business objectives and strategies.
- Establishing clear duties and responsibilities for each organ of the Board of Commissioners and Board of Directors, as well as the entire hierarchy under them, which are aligned with the vision, mission, corporate values, business objectives, and strategies of the Company.
3. Responsibilities
- Complying with laws and regulations and carrying out social and environmental responsibilities to support long-term business sustainability.
- Adhering to the principle of prudence in executing each action plan.
4. Independence
- The Company is committed to managing its business activities independently.
- No single unit dominates the others or is influenced by outside parties.
5. Fairness and Equality
- Addressing the interests of shareholders and other stakeholders.
- Free from the pressure of any party.
