Shares Still Undervalued, BRI Continues Its Share Buyback Program
Head of Research Mirae Sekuritas Indonesia
"The purpose of the share buyback program is to boost BRI employees' performance through the Employee Stock Allocation (ESA) or Employee Stock Option Plan (ESOP)," explained BRI Finance Director
On the same occasion, BRI President Director Sunarso explained, "BRI's management policy was to do the share buyback program to improve the quality of employees, their competencies, and engagement with the company. BRILian personnel who can provide the best value to the company will receive a bonus."
The bonuses take the form of three things: cash, individual investment to improve competence and capability through quality training and education and share ownership. Furthermore, the ESOP bonus is also given because the current portion of BRI shares owned by employees is still less than 1%.
BRI provides non-cash incentives to further increase employee motivation, which in turn will improve the company's performance sustainably. "We will continue to do the share buyback program to give long-term incentive treasury stocks for all BRI employees," added Viviana.
The mindset of BRILian People is expected to lead to the same goal towards the company's vision. BRI aims to become
"We will continue to do the share buyback program so that our employees are more engaged, more competent, more competitive, and provide more value for the company," concluded Sunarso.
For more information about Bank BRI, visit www.bri.co.id.
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