preparing information to assist investors with an investment decision making. Therefore, the SEC adopts regulatory approaches for credit rating agencies to be in line with the Code of Conduct Fundamentals for

integrity. The SEC also oversees regulatory compliance and enforces the governing laws to ensure that the capital market will be developed toward sustainable growth and generate positive impacts on the

(ESOP) is a tool to create motivation for personnel of the company to work effectively to promote the growth of the company by providing opportunity for directors and employee to take part in the