Corporate Governance

Work Guidelines for
BOC & BOD

Board of Commissioners

The Company has a President Commissioner and an Independent Commissioner. This has fulfilled the requirements for fulfilling the requirements of POJK No. 33/2014, namely having Independent Commissioners of at least 30% (thirty percent) of the members of the Board of Commissioners. Based on POJK No. 33/2014, the Board of Commissioners is tasked with supervising and is responsible for supervising management policies, the course of management in general, both regarding the Company and the Company’s business, and providing advice to the Board of Directors.

The implementation of the duties of the Board of Commissioners is:

  1. The Board of Commissioners supervises and is responsible for supervising management policies, the course of management in general, both regarding the Company and the Company’s business, and providing advice or direction to the Board of Directors.
  2. The Board of Commissioners holds meetings to form committees that assist in carrying out the duties and responsibilities of the Board of Directors.

In accordance with OJK Regulation No. 33/2014, the Board of Commissioners is required to hold a Board of Commissioners meeting at least 1 (one) time every 2 (two) months and the meeting is attended by the entire Board of Commissioners. On September 6, 2024, there was a change in the members of the Board of Commissioners, as stated in the Deed of Statement of Meeting Decisions No. 1 dated September 6, 2024. Starting from September 6, 2024 until September 12, 2024, the Board of Commissioners has not held a meeting. In the future, the Board of Commissioners including the Independent Commissioner will continue to carry out and develop its duties as the Company’s supervisory organ as stated above and while still paying attention to the provisions of the UUPT, OJK Regulation No. 33/2014, and other related regulations.

Board of Directors

The Company has a President Director and Directors who are jointly fully responsible for the implementation of all business activities of the Company.

The duties, responsibilities, and authorities of the Board of Directors are as follows:

  1. Running and being responsible for the management of the Company for the benefit of the Company in accordance with the intent and purpose of the Company;
  2. Organizing GMS;
  3. Carrying out duties and responsibilities in good faith, with full responsibility, and with caution;
  4. In order to support the effectiveness of the implementation of duties and responsibilities, the Board of Directors may form a committee;
  5. Evaluating the performance of the committees it forms at the end of each financial year (if any).

In the future, the Board of Directors will continue to carry out and develop its duties as the Company’s management organ in accordance with those listed above and while still paying attention to the provisions of the UUPT, OJK Regulation No. 33/2014 and other related regulations.

The Company has held Board of Directors meetings in accordance with POJK No.33/2014, namely the Board of Directors is required to hold a Board of Directors meeting at least once a month and a joint meeting with the Board of Commissioners at least once every four months. During 2024, the Board of Directors has held 9 (nine) meetings.

After becoming a public company, in order to improve the competence of the Board of Directors, the Company will include the Board of Directors in seminars/workshops held by various competent institutions including those held by the OJK and BEI.