Transformation of SOE Ministry Annual Report 2020
CHAPTER 1 234 5 6 7
TRANSFORMATION OF SOE MINISTRY
MINISTRY OF STATE-OWNED ENTERPRISES
ANNUAL REPORT 2020
"AKHLAK" & HUMAN RESOURCES TRANSFORMATION
The Ministry of SOE is aware that the transformation and fundamental changes it pursues cannot be realized without
transforming its human resource. This includes the change in mindset and internalization of uniformed core values
articulated as AKHLAK: Trustworthy, Competent, Harmonious, Loyal, Adaptive, and Collaborative.
A set of uniformed core values is favourable to the initiative of
making SOEs as talent pools and organizations that offer promising
career paths. Another fundamental element in the transformation
is the commitment to increase women and youth representation
in SOES' leadership. The Ministry of SOES has identified the following
targets for women representation in BoC, BOD, and BoD-1 level and
youth representation in the BoC and BoD-1:
Representation targets
Target
15% female &
2021 5% Milenial BoD, BOD-1
Target
25% female &
2023 10% Milenial BoD, BOD-1
Care for others
and respect
differences
Harmonious
Loyal
Learning
and growing
capabilities
continuously
Dedicated and
putting the interest of
the nation and state
above others
NEW LOGO & SLOGAN
BU
mn
KEMENTERIAN
BADAN USAHA
MILIK NEGARA
REPUBLIK
INDONESIA
BU
mn
STATE OWNED
ENTERPRISES
REPUBLIC OF
INDONESIA
Competent
AKHLAK
Adaptive
Being accountable and
have integrity in fulfilling
mandates
Trustworthy
Collaborative
MINISTRY OF
BUMN
UNTUK
INDONESIA
Continuously
innovating and staying
spirited in driving and
addressing changes
Align with the transformation and fundamental changes, the Ministry of SOE has also launched a new logo
and slogan, "SOE for Indonesia". The new brand identity represents the fresh spirit and commitment of the
SOE Ministry today and in the future.
The new branding and logo of "SOE for Indonesia" boasts contemporary design that visualize the goal and
purpose of being a professional, trustworthy, and progressive organization with the spirit to innovate for the
future.
Building synergy
and cooperation
The transformation of SOEs demand excellent leadership.
Leaders in SOEs have vital and strategic role in guiding
transformation process. The individuals in the board of
directors and board of commissioners of an SOE must be
highly capable and have strong integrity.
SOE transformation can swiftly proceed given clear
strategies and vision of SOE leaders. Leaders can drive
SOES' performance by showing that they are ready
and willing to sacrifice their personal interest, to lead by
example, and able to realize a vision.
SOE leaders must set the example of internalizing core
values into their company culture, demonstrating what
it means to be a modern company that practices
good corporate governance. SOES, therefore, must be
led by capable, hardworking, and persistent leaders -
leaders with strong sense of crisis and belonging with the
company they lead.
WORLD CLASS COMPANY
The Ministry of SOE targets to increase the number of SOES
in the list of world-class companies. The increase is one of
the indicators of transformation, growth, and Indonesia's
presence in the global market. Currently, as of December
2020, four SOES are included in the Forbes Global 2000:
PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Mandiri
PERTAMINA
BRI
FORTUNE
GLOBAL
500
(Persero) Tbk, PT Telekomunikasi Indonesia (Persero) Tbk,
dan PT Bank Negara Indonesia (Persero) Tbk. Meanwhile,
PT Pertamina (Persero) is already in the Fortune 500
Global. The SOE Ministry expects to grow the presence of
SOES in these global and reputable lists.
Telkom
Indonesia
Forbes 2020
GLOBAL
2000
WORLD'S LARGEST
PUBLIC COMPANIES
mandırı
XBNI
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