Legislation and Governance
INA is the sovereign wealth fund of Indonesia, established on a solid legal foundation under Law No. 11 of 2020 as replaced with Law No. 6 of 2023 regarding the Enactment of Government Regulation in lieu of Law No. 2 of 2022 on Job Creation into Law, and governed by the Government Regulation No. 74 of 2020 on Indonesia Investment Authority.
Governance Standards
As Indonesia's sovereign wealth fund, strong governance becomes one of the cornerstones of our operations. With a dedicated commitment to professionalism and independence in its investment management, INA has earned global recognition for its governance practices.
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Complementing the two-tier board structure, INA establishes specialized committees such as the Investment Committee and the Risk Management Committee. These committees serve pivotal roles in strategic decision-making and risk assessment, further fortifying INA's commitment to prudently manage investments and mitigate potential risks effectively
Three Lines of Defense
To manage and mitigate these risks, we have a “Three Lines of Defense” model, where:
First Line
Each division owns and is accountable for identifying and managing the risks inherent in its activities.
Second Line
Risk Management, Compliance and Legal divisions, who examine risk identification, monitoring, and mitigation implemented by each division.
Third Line
Internal Audit Division, responsible for independently evaluating the adequacy and effectiveness of risk management across the first and second lines of defense.
This "three lines of defense" system establishes a comprehensive system checks and balances that strengthens the organization's risk management and guarantees the highest level of transparency and accountability.
Transparent Internal Policies
INA takes transparency and effective governance seriously and actively communicates its internal policies, such as the Board of Directors Regulation, to ensure clarity and understanding across all levels of the institution.
Culture of Integrity
At every level within INA, a commitment to integrity is paramount. All members, from the Board of Directors to employees, commit their dedication to INA’s Integrity Pact.
