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.