CFO and Risk Management 2014, Ikatan Akuntan Indonesia, IAI.
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CFO AND RISK MANAGEMENT
Setio Anggoro Dewo (CFO PT PLN Persero)
ACCA IAI Join Conference February 26, 2013
Content
Why?
Scope
Approach
How?
Benefit
Key Success Factors
2/26/2013 Setio Anggoro Dewo CFO and Risk Management 2
Why ?
National impact
Government guarantee
Global bond/MTN
Infrastructure etc
Magnitude of transactions
Opex vs. Capex
Subsidy and business model
Competitive advantage of nations
2/26/2013 Setio Anggoro Dewo CFO and Risk Management 3
Risk Scope
Financial risks
Technology risks
Market risks
Legal risks
Operational risks
2/26/2013 Setio Anggoro Dewo CFO and Risk Management 4
Approach
Team based
Cross function
Business process
End to end
Cover : technology, business economics and legal
Beyond compliance
2/26/2013 Setio Anggoro Dewo CFO and Risk Management 5
How?
Build /Develop Systems Optimize IT Support from KPK, BPK, BPKP,
LKPP, Kejagung
etc. Institutional building Deal with internationally
acknowledged third
parties for its reputation and credibility such as: Lawyers,
Banks, Vendors, Manufacturers, Consultants etc.
Using world best practices, world-wide industries standards,
capital market protocols and standards etc 2/26/2013 Setio Anggoro
Dewo CFO and Risk Management 6
Benefit
Subsidy
Same amount of IDR, more Capex and Opex
Credibility
National Impact
2/26/2013 Setio Anggoro Dewo CFO and Risk Management 7
Key Success Factors
Conducive environment
Honest
Open and straight communication
No conflict of interest
Objective
Credible
Strong Integrity
Independence
Solution oriented
2/26/2013 Setio Anggoro Dewo CFO and Risk Management 8
Thank You
2/26/2013 Setio Anggoro Dewo CFO and Risk Management 9
