Duties, Responsibilities and Liabilities of the Board of Directors and the Board of Commissioners
The Board of Commissioners (BOC) is tasked with the supervision on the management of the Company by the Board of Directors and advising the Board of Directors for the interest of the Company and in accord with the Company’s goals, including on the carrying out of the General Meeting of Shareholders Resolutions, Company long-term and short-term plan, the Articles of Association, as well as applicable laws.
The BOC represents the shareholders' interest and be accounted for at the General Meeting of Shareholders.
By the end of 2015, the Board of Commissioners comprised 3 (three) members, 1 (one) of them was Independent Commissioners, which represents one third of the total Commissioners
BOC conducted regular meetings at least once every month. BOC meeting may also be conducted when it is considered necessary at any time. BOC may invite the Directors to the meeting to seek further clarifications on the matter discussed at the meeting
During 2015, the Board of Commissioners held 6 (six) meetings with an average frequency of attendance of 94.44%.
During the year 2015 there were no training programs undertaken by members of the BOC.
In performing the duties, BOC was assisted by Audit Committee. There is no other committee other than Audit Committee.
The Board of Directors (BOD) is tasked to lead and manage the Company in realizing its corporate goals, accomplish the decisions of Shareholders General Meeting, and comply with the Articles of Association and laws and regulations.
The BOD comprises 3 (three) people: President Director, 1 (one) Director, and 1 (one) Non-Affiliated Director.
The BOD works and is accountable in a collegial manner, however, each Director can act and take decisions in line with his or her tasks and authorIty.
BOD conducted routine meetings at least once every month. Besides, BOD conducted meeting when it is considered necessary at any time. BOD may invite the Commissioners to the meeting to provide further explanation and seek advice on matters faced by BOD.
During the year 2015, BOD participacted in various trainings, workshops, and seminars to increase their competence and assist in performing directorial duties.
Although the company has not had the Nomination and Remuneration Committee, the Board of Commissioners has conducted remuneration study and considered various aspects, including:
None of the current members of the BOC, and the BOD is involved in any legal case, hence no whatsoever effect to the Company's financial standing.
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