Good Corporate Governance
General Meeting of Shareholders
The General Meeting of Shareholders (GMS) is the highest authority in the management structure of the Company and has powers not possessed by the Board of Commissioners and Board of Directors.
Based on the Company structure, the GMS is entitled to obtain all information about the operation of the Company and to request accountability of the Board of Commissioners and Board of Directors for the management of the Company.
The General Meeting of Shareholders (GMS) is a Company organ which has all the powers not delegated to the Commissioners and Directors. The GMS is a forum to which the Commissioners and Directors report and are responsible for the implementation of their duties and performance to the Shareholders.The General Meeting of Shareholders consists of the Annual GMS and the Extraordinary GMS as stated in the Articles of Association of the Company. The Annual GMS shall be held once a year, no later than six months after the fiscal year ends. Meanwhile, Extraordinary GMS can be held outside the Annual GMS as needed by the Company.
while managing the Company as well as approve to grant full release and discharge over their lawful management and supervising activities to the extent that they are reflected in the financial statement of the Company.
Further to the honorably discharge above, agree to appoint Mister Denn Charly Gonzales Espanola, Amadeo Navalta Bejec, and Michio Katayama as the new Company Directors and Rodrigo Emmanuel Franco as Company Commissioner, thus effective at the conclusion of this Meeting, the composition of the Board of Directors and the Board of Company Commissiones are as follow:
|Board of Director||Commissioner|
|President Director : Omar Danni Hasan||President Commissioner: A. Hermanto Dardak|
|Director : Ricky Camelien||Commissioner: M. Ramdani Basri|
|Director: Anton Sujarwo||Commissioner: Ahwil Loetan|
|Director: Joko Santoso||Commissioner: Rodrigo E. Franco|
|Director: Denn Charly G. Espanola||
|Director: Amadeo Navalta Bejec||
|Director: Michio Katayama||
|Director: Francis Emmanuel D. Rojas||
|Director: Christopher Daniel Cabrera Lizo||
Both AGMS as well as EGMS are the highest authority which is not granted both to the Board of Directors or Board of Commissioners. The Company always seek to ensure that the rights of the shareholders are constantly fulfilled as well as treat all shareholders equally. AGMS and EGMS are the rights and authority of shareholders which control the performance of the underlying subsidiaries within certain limits set by the legislation or Articles of Association. Decision made by AGMS and EGMS shall be transparent by taking into consideration the Company’s business interests.
- IDR 3,710,635,000,- to be allocated as mandatory reserves in accordance with Article 70 Company Law
- IDR 65,316,442,276,- to be allocated as other reserves in accordance with Article 70 Company Law which can be used for various needs of the Company including the Company’s future development, working capital, social, and future dividend payment.