Corporate Governance Structure
As a limited liability company established under Indonesian law, the Company has three corporate organs, consisting of: (1) General Meeting of Shareholders; (2) Board of Commissioners; (3) Directors. Each organ has its own duties and authority and is independent in carrying out its duties and authority in accordance with the Company’s Articles of Association and applicable laws and regulations.
The structure of good corporate governance is regulated in the following conditions:
- GMS as a decision making forum that has authority that is not given to the Board of Commissioners and Directors.
- The Board of Commissioners as the supervisor of the implementation of policies implemented by the Directors.
- Directors as managers of the Company.