The Board of Directors shall convene a meeting on a periodical basis at least once a month, with an attendance rate for each member of the Board of Directors at least 75% of the number of meetings held in 1 (one) financial year. Notice of the meeting shall be made by the President Director or other member of the Board of Directors.
Each member of the Board of Directors has equal opportunity and voting rights in expressing his/her opinions. The resolution of the Board of Directors meeting shall be taken based on deliberation to reach a consensus. In the event deliberation for consensus is not achieved, voting will be held and must be approved by at least 2/3 of the members of the Board of Directors present at the meeting.
The Company scheduled the AGM, meetings of the Board of Commissioners, meetings of the Board of Directors, joint meetings of the Board of Commissioners and the Board of Directors, meetings of the Audit Committee, and meeting on the implementation of duties of the Corporate Secretary at the beginning of the financial year or at the end of the previous financial year. For 2023, schedules of meetings were determined in the meetings of the Board of Commissioners held on January 24, 2023. [ACGS E.3.1.]
In 2023, the Board of Directors held 28 (twenty-eight) meetings, including 6 (six) joint meetings with the Board of Commissioners. The average attendance rate of the Board of Directors at the meetings was 96%. [GRI 2-12-c] [GRI 2-13-b] [ACGS E.3.2.]
The resolutions of each Board of Directors meeting were stated in a minute of meeting, which should be signed by all members of the Board of Directors who were present at the meeting.
Summary of the meetings of the Board of Directors and the joint meetings held with the Board of Commissioners in 2023 was as follows: [GRI 2-12-b] [GRI 2-12-c] [GRI 2-13-b] [ACGS E.3.3.]
| Name | Attendance | % of Attendance |
| Franky Oesman Widjaja | 6/6 | 100% |
| Dr.-Ing. Evita H. Legowo | 6/6 | 100% |
| Robert Arthur Simanjuntak, Ph.D. | 6/6 | 100% |
| Ir. F.X. Sutijastoto, M.A. | 5/6 | 83% |
| Dr. Hendrikus Passagi, S.Sos., S.H., M.H., M.Sc. | 4/6 | 67% |
| L. Krisnan Cahya | 28/28 | 100% |
| Lokita Prasetya | 23/28 | 82% |
| Hermawan Tarjono | 28/28 | 100% |
| Handhianto Suryo Kentjono | 25/28 | 89% |
| Daniel Cahya | 28/28 | 100% |
| Alex Sutanto | 28/28 | 100% |
1) Mr. Indra Widjaja had tendered resignation from his position as Vice President Commissioner and the resignation was approved by the Company’s EGM dated October 6, 2022.
2) Mr. Dr. Ir. Andy Noorsaman Sommeng, DEA has been honorably dismissed from his position as Independent Commissioner and the dismissal was approved by the Company’s EGM dated October 6, 2022. Mr. Dr. Ir. Andy Noorsaman Sommeng, DEA was appointed as a member of the Risk Management Committee based on the circular resolution of the Company’s Board of Commissioners dated October 6, 2022.
3) Mr. Ir. F.X. Sutijastoto M.A. and Mr. Dr. Hendrikus Passagi, S.Sos., S.H., M.H., M.Sc. were appointed as the Company’s Independent Commissioner based on the resolution of the Company’s EGM dated October 6, 2022.