RGE changed its name from RGM (Raja Garuda Mas) to RGE (Royal Golden Eagle) in 2009 to reflect the increasingly international course the business was taking.
FREQUENTLY ASKED QUESTIONS
As a management services company, RGE provides strategic advice and comprehensive business process outsourcing (BPO) services to a group of companies (also known as ‘business groups’) in the resource-based manufacturing industries. These corporate services include strategic planning, HR, procurement and corporate finance.
Each business group is independently run, owns its assets, and manages its finances autonomously. They are responsible for their own budgets and P&Ls. RGE is paid a fee by the business groups for the management services it provides.
RGE’s role is to ensure that stakeholder interests are protected. It is strategically positioned to drive greater harmonisation of Founder’s values and corporate best practices to the various business groups across the entire manufacturing value chain. Our business groups align themselves to the RGE Sustainability Framework and the 5Cs business philosophy : Do what is good for the Community, good for the Country, good for the Climate, good for the Customer, then only will it be good for the Company.
RGE is owned by its Founder and Chairman Sukanto Tanoto. RGE has its own senior executives while the business groups have their own CEOs, management teams, and independent boards of directors.
Robust corporate governance frameworks are in place and internal and external audits of RGE and the business groups are regularly conducted. Several business groups also have external auditors that independently review their sustainability programmes. Each business group regularly communicates to its own set of stakeholders.
The Tanoto Foundation is the philanthropic arm of the Tanoto family. It seeks to harness the transformative strength of education to help people realise their full potential and to improve lives. Established in 1981 by Mr. Sukanto Tanoto and Mrs. Tinah Bingei Tanoto, the Foundation focuses on making an impact in three areas: improving learning environments (from early childhood education and development through to tertiary education), leadership development (for future and current leaders), as well as medical research and sciences.
As a global group of resource-based manufacturing companies, RGE businesses operate with the aim of doing good for the community, country, climate, and customer so that it will ultimately be beneficial for its own companies. On this basis, RGE companies facilitate a diverse range of CSR and community development programmes to drive impact through education, empowerment, and enhancement of quality of life.
As a Centre of Excellence in education, the Tanoto Foundation provides RGE business groups counsel around best practices as well as monitoring, reporting and evaluation of their education-related programmes. Both the Tanoto Foundation and RGE share the Tanoto’s family commitment to improving lives for communities where they operate and beyond.
1. When and why did RGE change its name from RGM to RGE?
RGE changed its name from RGM (Raja Garuda Mas) to RGE (Royal Golden Eagle) in 2009 to reflect the increasingly international course the business was taking.
2. What is RGE’s relationship with companies like APRIL, Asian Agri, Sateri, Pacific Energy?
As a management services company, RGE provides strategic advice and comprehensive business process outsourcing (BPO) services to a group of companies (also known as ‘business groups’) in the resource-based manufacturing industries. These corporate services include strategic planning, HR, procurement and corporate finance.
Each business group is independently run, owns its assets, and manages its finances autonomously. They are responsible for their own budgets and P&Ls. RGE is paid a fee by the business groups for the management services it provides.
RGE’s role is to ensure that stakeholder interests are protected. It is strategically positioned to drive greater harmonisation of Founder’s values and corporate best practices to the various business groups across the entire manufacturing value chain. Our business groups align themselves to the RGE Sustainability Framework and the 5Cs business philosophy : Do what is good for the Community, good for the Country, good for the Climate, good for the Customer, then only will it be good for the Company.
3. Who owns RGE and what is the company’s governance/management structure?
RGE is owned by its Founder and Chairman Sukanto Tanoto. RGE has its own senior executives while the business groups have their own CEOs, management teams, and independent boards of directors.
4. As a large and privately-held company, how does RGE assure its customers and stakeholders that there is transparency and proper governance in place?
Robust corporate governance frameworks are in place and internal and external audits of RGE and the business groups are regularly conducted. Several business groups also have external auditors that independently review their sustainability programmes. Each business group regularly communicates to its own set of stakeholders.
5. What is RGE’s relationship with Tanoto Foundation?
The Tanoto Foundation is the philanthropic arm of the Tanoto family. It seeks to harness the transformative strength of education to help people realise their full potential and to improve lives. Established in 1981 by Mr. Sukanto Tanoto and Mrs. Tinah Bingei Tanoto, the Foundation focuses on making an impact in three areas: improving learning environments (from early childhood education and development through to tertiary education), leadership development (for future and current leaders), as well as medical research and sciences.
As a global group of resource-based manufacturing companies, RGE businesses operate with the aim of doing good for the community, country, climate, and customer so that it will ultimately be beneficial for its own companies. On this basis, RGE companies facilitate a diverse range of CSR and community development programmes to drive impact through education, empowerment, and enhancement of quality of life.
As a Centre of Excellence in education, the Tanoto Foundation provides RGE business groups counsel around best practices as well as monitoring, reporting and evaluation of their education-related programmes. Both the Tanoto Foundation and RGE share the Tanoto’s family commitment to improving lives for communities where they operate and beyond.