Nevertheless, the utilization of information technology must also take into account its benefits and costs to the company. With the wider utilization of information technology (besides the Company’s website), the Public Company is expected to improve the effectiveness of its information dissemination. The use of information technology can be useful as a medium of information disclosure which will not only contains public information set out in the legislation, but also other information deemed worthwhile to shareholders or investors. Long-term employee incentives is described in Employee’ Welfare Section of this Annual Report. The policy can also be included in existing remuneration policy of the public company. Such a policy may include, among others, the intent and purpose of long-term incentives, the terms and procedures for awarding incentives, and the conditions and risks that must be considered by the Public Company in offering long-term incentives. The existence of long-term incentive provision is public company’s real commitment to encourage the implementation of rewarding long-term incentives to Board of Directors and the Company’s Employees with the terms, procedures and offers that can be adjusted to long-term goals of the Public Company. Long-term incentive’s benefits includes maintaining loyalty and providing motivation to the Board of Directors and employees to improve their performance or productivity which will in turn have an impact on improving the company’s performance in the long term. Long-term incentive plan has the basic premise that the company’s long-term performance is reflected by the growth of share values or other long-term goals of public companies. Long-term incentives are incentives based on the achievement of long-term performance. Regulations on Whistleblowing System in BRI were issued in Circular Letter of Board of Directors Nomor.S.27-DIR/ DKP/12/2016 on the Application of Whistleblowing System at BRI that aims at creating a conducive climate and encouraging all parties to be open and willing to convey violation information that can lead to financial and non- financial losses, including things that may damage reputation of BRI. Policy on Whistleblowing system includes types of violations that can be reported through the system, reporting mechanism, protection and guarantee of confidentiality of the complainant, the handling of complaints, those who manage complaints and the results of remedy and follow-up of complaints. Implementation of whistleblowing policy will have an impact on corporate culture formation of good corporate governance. 479 Corporate Profile Corporate Governance Report Consolidated Financial Statements 2016 Management Discussion and Analysis Corporate Social Responsibility OJK Regulation & ARA 2016 Criteria Cross Reference BRI 2016 Annual Report Description of OJK Recommendation Description and Implementation in the Company Whistleblowing system that has been prepared properly will ensure protection to the witness or the complainant on an indication of violations committed by employees or management of the public company.
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