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Management Meeting

In 2018, the Board of Directors has conducted 12 (twelve) meetings of the Board of Directors and 5 (lima) joint meetings with the Board of Commissioners. Quorums of the Board of Directors meetings held by the Board of Directors in 2018 on average were more than 80%. Meeting resume in 2018 is as follows:

Date Agenda Resolution Execution Attendance
Board of Commissioners Board of Directors
FOW IW EHL RAS ANS ADH LKC HT LP LW SS
01-Jan-2019
  • Progress of October 2019
  • Employees training 
  • Audit
  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in October 2019
  • Requested HR team to arrange a training program for plant head candidates
  • Requested internal audit unit team to present the 2020 audit plan
  • Requested internal audit unit team to conduct an audit and improve SOP on receiving solar at the aIPP PLTU
  • The resolution had been executed
  • The resolution had been followed up
  • The resolution had been executed
  • The resolution had been executed
01-Jan-2019
  • Progress of October 2019
  • Employees training
  • Audit
  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in October 2019
  • Requested HR team to arrange a training program for plant head candidates
  • Requested internal audit unit team to present the 2020 audit plan
  • Requested internal audit unit team to conduct an audit and improve SOP on receiving solar at the IPP PLTU
  • The resolution had been executed
  • The resolution had been followed up
  • The resolution had been executed
  • The resolution had been executed
29-Jan-2019

 

  • Progress of December 2018
  • Manpower requirements
  • Accepted updates on the operations ofsubsidiaries, progress and realization of the IPP PLTU project development budget and division activities in December 2018
  • Accepted Corporate Secretary update in ASEAN Corporate Governance Scorecard and new regulations
  • Requested HR team to adjust the time of recruitment of power plant employees with the IPP PLTU operation plan
  • The resolution had been executed
  • The resolution had been executed
  • The resolution had been executed
27-Feb-2019
  • Progress of January 2019
  • Business control
  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in January 2019
  • Requested head of the multimedia business to conduct a benchmark with other competitor
  • Requested business control team to monitor the implementation of inventory management
  • The resolution had been executed
  • The resolution had been executed
  • The resolution had been executed
21-Mar-2019

Consolidated Financial Statements for year 2018 

Authorized the Consolidated Financial Statements for year  

The resolution had been executed

26-Mar-2019
  • Progress of February 2019
  • Performance evaluation for power business
  • Internal control system
  • Health benefit
  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in February 2019
  • Accepted GMS plan for year 2019
  • Requested HR team to conduct outreach regarding employees evaluation mechanism 
  • Requested to revise the SOP on receiving high solar diesel (HSD)
  • Requested HR team to analyse the benefit of site clinic

 

  • The resolution has been excecuted
  • The resolution has been excecuted
  • The resolution has been excecuted
  • The resolution has been excecuted
  • The resolution has been excecuted
24-Apr-2019
  • Progress of March 2019 
  • Employees training
  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in March 2019
  • Accepted the plan for 2019 GMS, and plan for changes in management in relation with the  end of the board member’s service period
  • Requested HR  team to observe the standardization of IPP PLTU structure
  • Requested HR  team to report the outcome of the employees training
  • The resolution had been executed 
  • The resolution had been executed 
  • The resolution had been executed 
26-Apr-2019
  • Company Consolidated Financial Statements Q1-2019
  • Business update Q1-2019
  •  Approved  the issuance of Company Consolidated Financial Statements Q1-2019
  •  Accepted the business update for Q1-2019
  • The resolution had been executed
  • The resolution had been executed
28-May-2019
  • Progress of April 2019
  • Project Financing Facility    

 

  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in April 2019
  • Update on the signing of syndicated facility by the Company’s subsidiary

 

  •  The resolution had been execute
  •  The resolution had been execute
27-Jun-2019
  • Progress of May 2019
  • Business control
  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in May 2019
  • Accepted plan for the appointment of AP and KAP, and plan for the holding of public expose in September 2019
  • Requested business control team to conduct a cost analysis for the purchase of machinery for the IPP PLTU
  • The resolution has been executed
  • the resolution has been executed
  • the resolution has been executed
30-Jul-2019
  • Progress of June 2019
  • Employees training    qwerty12345
  • Manpower requirements

 

  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in June 2019
  • Requested HR team to check IPP PLTU’s employees certification
  • Requested HR team to analyze the required manpower at the IPP PLTU
  • The resolution had been executed
  • The resolution had been executed
  • The resolution had been executed

 

19-Aug-2019
  • Progress of July 2019
  • Manpower requirements

 

  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in July 2019 
  • Requested multimedia team to observe the strategy on increasing the penetration on multimedia business and to elevate the quality of customer service
  • Requested HR team to meet the needs of manpower in the power business subsidiary

 

  • The resolution has been excecuted
  • The resolution had been followed up
  • The resolution has been excecuted
22-Aug-2019
  • Consolidated Financial Statement H1-2019
  • Business update H1-2019

 

  • Approved the issuance of Company Consolidated Financial Statements H1-2019
  • Accepted the recommnendation to consider new energy businesses

 

  • The resolution has been excecuted
  • The resolution has been excecuted
24-Sep-2019
  • Progress of August 2019
  • Audit
  • SAP Program

 

  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in August 2019
  • Requested the team to complete IPP PLTU spare parts cataloguing, before the IPP PLTU operates commercially
  • Requested internal audit unit team to conduct an analysis on the multimedia business incentive program
  • Requested internal audit team to follow up on the reports on violations indication
  • Approved the plan for upgrade and replacement of the Company’s computer software and hardware
  • The resolution had been executed
  • The resolution had been followed up
  • The resolution had been executed
  • The resolutionhad been executed 
  • The resolutionhad been executed 
29-Oct-2019

Progress of September 2019

 

  • Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities in September 2019
  • Accepted updates on KPPU regulation
  • The resolution had been executed
  • The resolution had been executed
21-Nov-2019

 

  • Interim Consolidated Financial Statements Q3-2019
  • Business update Q3-2
  • Approved the issuance of Company’s Interim Consolidated Financial Statements Q3-2019
  • Request a site visit to IPP PLTU for members of the Board of Commissioners and Committee
  • The resolution had been executed
  • The site visit was planned for March 2020, but have not yet been carried out due to the Covid-19 outbreak
12-Dec-2019

Budget and work plan for 2020

Established budget and work plan for year 2020

The resolution had been executed

12-Dec-2019

Progress of November 2019

Accepted updates on the operations of subsidiaries, progress and realization of the IPP PLTU project development budget and division activities
in November 2019

The resolution had been executed

Total attendence 6/6 6/6 5/5 3/3 3/3 4/4 18/18 16/18 14/18 16/18 4/7
100% 100% 100% 100% 100% 100% 100% 89% 78% 89% 57%

Notes:

       Join Meeting

  • FOW : Franky Oesman Widjaja
  • IW : Indra Widjaja
  • EHL : Dr. -Ing. Evita H. Legowo
  • RAS : Robert Arthur Simanjuntak, Ph.D
  • ANS : Dr. Ir. Andy Noorsaman Sommeng, DEA
  • LKC : L. Krisnan Cahya
  • HT : Hermawan Tarjono
  • LP : Lokita Prasetya
  • ADH : Ardhayadi, S.E., M.A
  • LW : Lanny
  • SS : Dr. Susi Susantijo, S.H., LL.M.