Board of Directors

The BoD is collegially responsible for managing the company and represent the company in and out of the court of law. The BoD must prioritize the company’s interests in accordance with its purposes and objectives by complying with the applicable laws and regulations and its Articles of Association. In carrying out its roles, the BoD reports to the GMS as the form of accountability over managing the company in accordance with the corporate governance principles.

 

Legal bases

The legal bases of the establishment and appointment of the company’s BoD are, among others, Law Number 40 of 2007 concerning Limited Liability Companies as amended by Government Regulation in Lieu of Law Number 2 of 2022 concerning Job Creation as stipulated into law based on Law Number 6 of 2023 concerning the Stipulation of Government Regulation in Lieu of Law Number 2 of 2022 concerning Job Creation into Law (“Company Law”) and the FSA Regulation No. 33/POJK.04/2014 of December 8th, 2014 on the Board of Directors and Board of Commissioners of Issuers or Public Companies (“POJK 33”).

 

BoD Charter

Considering its important role in leading and managing the company, BoD formulated the BoD Charter based on the prevailing laws and regulations and the Articles of Association. This charter serves as the guidance for the BoD members in carrying out their duties in an efficient, transparent, and competent manner.

 

Download BoD Charter

 

Concurrent position of the BoD

The company’s BoD members can concurrently serve as:

  • a BoD member of not more than 1 (one) other issuer or public company;
  • a BoC member of not more than 3 (three) other issuers or public companies; and/or
  • a committee member of not more than 5 (five) committees at the issuer or public company where he/she also holds a position as a BoD or BoC member.

 

BoD composition

The composition of the company’s BoD is determined by taking into account the company’s condition and the decision-making effectiveness in order to achieve the company’s objectives.

 

The composition of the company’s Board of Directors 2024:

 

Term of office of BoC members

  • The BoD members are appointed by GMS for a term of office starting from the date as determined by the GMS which appoints them until the closure of the fifth AGMS from the date of appointment, without prejudice to the right of the GMS to dismiss at any time.
  • Every BoD member may be reappointed for the next term of office.

 

Duties, responsibilities and authorities of the BoD

1.    The BoD is responsible for carrying out the management for the company’s interest according to its purposes and objectives as stated in its Articles of Association.

2.    In performing its duties and responsibilities on the company’s management, the BoD must conduct AGMS and other GMS as stipulated by the applicable laws and regulations and the company’s Articles of Association.

3.    Each BoD member must carry out their duties in good faith, and with full responsibility and prudence.

 

The BoD’s duties, authority, and responsibilities are explained in more details in the Articles of Association and stated in the BoD Charter.

 

The BoD may set up committees to support the effective fulfillment of their duties and responsibilities. In the event that the BoD forms a  committee, it must evaluate the committees’ performance at the end of every fiscal year.