General Meeting of Shareholder


General Meeting of Shareholder


The General Meeting of Shareholders (GMS) is an organ of the Company that has powers that are not granted to the Board of Commissioners or the Board of Directors within the limits specified in the laws and regulations and the Articles of Association. This authority includes holding the Board of Commissioners and the Board of Directors accountable in relation to the management of the Company, amending the Articles of Association, appointing and dismissing the Board of Directors and/or Board of Commissioners, deciding on the division of management tasks and authority among the Board of Directors and others.

In accordance with the implementation, the Company can conduct GMS electronically in accordance with the Financial Services Authority Regulation concerning the Implementation of Electronic General Meetings of Company Shareholders by using teleconference, video, conference or other electronic media facilities. The Company is required to hold an Annual GMS no later than 6 (six) months after the end of the financial year. In holding the GMS, the Company is required to comply with the following conditions:


    a. Deliver notification of the meeting agenda to the Financial services authority
    b. Make announcements of GMS to shareholders, and 
    c. Summons the GMS to the shareholders