General Meeting of Shareholders (GMS) is the highest organ in the structure of corporate governance of the Company. GMS is a forum for shareholders to exercise their rights and responsibilities. In addition, the GMS also holds the powers not delegated to the Board of Commissioners or Directors in accordance to the provisions set forth in the articles of association and prevailing regulations.
The Company’s General meeting of shareholders dated 5 June 2018 had the following resolutions:
Accepted and approved the Annual Report including Director’s Report on the Company’s business activity including approval on the Company’s financial statements for the financial year ended 31 December 2017 and Board of Commissioner’s Supervisory Report for 2017, approve the Company’s financial statements for 2017 and fully acquit and discharge the Directors and Board of Commissioners in carrying out management and supervisory during the year ended 31 December 2017.
Approved profit attributable to owners of the parent company for the financial year ended 31 December 2017 amounting to IDR 54,071,193,194 (fifty four billion seventy one million one hundred ninety three thousand one hundred and ninety four rupiah) and to provide reserve fund in accordance to article 70 of Law No. 40 Year 2007 for Limited Liability Company amounting to IDR 1,000,000,000 (one billion rupiah).
Approved the appointment of Ahmad Syakir CPA, accountant from Mirawati Sensi Idris Public Accounting Firm as Public Accounting Firm registered in Financial Services Authority to audit the consolidated financial statements of the Company for year 2018. If Ahmad Syakir CPA is not available, then to choose partner from Mirawati Sensi Idris Public
Accounting Firm to audit the consolidated financial statements of the Company and to authorize the Director of the Company to determine the honorium and other requirements relating to the appointment.
Dismiss all members of Directors and Board of Commissioners of the Company with honor and express gratitude for their roles and services when serving the Company and appoint new members Directors and Board of Commissioners of the Company, as follows:
BOARD OF COMMISSIONERS
President Commissioner : Jonathan Tahir
Vice President Commissioner : Timothy Thomas De Lessio
Commissioner : Zachary James Coughlin
Commissioner : Ronald Kumala Putra
Independent Commissioner : Drs. Aryanto Agus Mulyo
Independent Commissioner : Gn Hiang Lin
Independent Commissioner : Dai Bachtiar
President Director : Ir. Wong Budi Setiawan
Vice President Director : Wilcy Wong
Director : James Alan Guntrip
Director : Keith Roderick Reid
Director : Dewi Victoria Riady
Director : Harry Wangidjaja
Independent Director : Susan Liwang
The dismissal and appointment were effective as of the closing of the meeting.
Assessment on BOC’s performance being done as follows:
BOC is required to submit BOC performance report to be evaluated by shareholders in GMS.
BOC performance is determined based on duties listed in prevailing regulations and article of association and shareholders commission. Formal evaluation criteria is communicated openly to member of BOC since appointment date.
Evaluation result on overall BOC performance and for each member of BOC is a part of compensation and incentive scheme for member of BOC.
Performance evaluation result of each BOC is as consideration for shareholders to dismiss and/or to re-appoint member of BOC. The performance evaluation result is as assessment tool and to increase the effectiveness of BOC.
Meeting schedules for following year are distributed to all member of BOC before the end of the year, while the meeting agenda and other information are sent out before meeting being held.