Board of Directors
The Board of Directors is an organ of the Company authorized to perform the management of the Company, representing the Company in and out of court, responsible for long-term sustainability of the company, and is accountable for the performance of its duties and responsibilities to the shareholders in the GMS.
Proposal for the appointment, dismissal, and/or replacement of members of the Board of Directors are conducted by the Board of Commissioners with regard to the recommendations of the Nomination Committee, to be proposed in the GMS. The appointment of members of the Board of Directors shall be effective from the date of the GMS.
Members of the Board of Directors are appointed by GMS for a period of 5 (five) years. Nonetheless, the GMS is entitled to dismiss the members of the Board of Directors at any time before the end of the tenure.
- Review and approve the Company’s vision and mission together at least once every 5 (five) years
- Lead and manage the Company in accordance with the Company’s purpose and objective, with good faith, prudence for the Company’s interests, and free from conflicts of interests
- Maintain and manage the Company’s assets for the Company’s interest
- Conduct GCG, create internal control structure, ensure internal audit function in every Company’s business and in accordance with the guidance or policies from the Board of Commissioners
- Prepare the development plan for the Company, annual business and budget plan of the Company, including any other plan that is related to the Company’s business and informs it to the Board of Commissioners to obtain approval from the Board of Commissioners, before the next fiscal year, by taking into account the applicable regulations in capital market
- Administer and maintain the Company’s bookkeeping in accordance with the standards reasonably applicable to a company
- Create accounting system with internal control basis, especially on the separations of managing, recording, saving, and supervising functions
- Deliver accountability and provide information about the condition of the Company, in the form of Company’s activities report, including Financial Statements, either in the form of Annual Reports or any other form of periodic reports, in accordance with procedure and schedule set in Articles of Association of the Company and/or anytime asked by the Board of Commissioners
- Provide accurate, relevant, and timely data and information to the Board of Commissioners
- Establish an Internal Audit Unit led by the head of the Internal Audit Unit and may form other committee or unit (if needed)
- Follow up audit findings and recommendation from the Audit Committee, Internal Audit Unit, external auditor, and/or supervisory notice from capital market authority
- Arrange the organizational structure of the Company
- File the Company’s Financial Statement to AP to be audited
- File accountability reports on the management of the Company for 1 (one) year to GMS at the latest 6 (six) months after the closing of fiscal year of the Company
- Submit report and disclosure of information to OJK, IDX, and any other authority in accordance with applicable regulations
- Hold at least one public expose in a year in accordance with procedure and requirements stipulated in applicable capital market regulations