Governance
Majority Director
Election Policy
Requiring specific qualifications and competencies to support the achievement of our vision and mission, the Board of Directors provides management excellence and directs the competitiveness of the company. All prospective Board members must pass a feasibility and suitability test conducted by shareholders before being appointed as Directors.
Procedure for the appointment of Directors, based on Financial Services Authority Regulation No.33/POJK.04/2014 regarding the Board of Directors and Board of Commissioners of Issuers or Public Companies, is as follows:
The mechanism for a Director’s resignation includes:
- Members of the Board of Directors are appointed and dismissed by the Annual General Meeting of Shareholders (AGMS).
- Members of the Board of Directors are appointed for a specific term and can be reappointed.
- The maximum term for a member of the Board of Directors is 5 (five) years or until the closing of the AGMS at the end of the said term.
The mechanism for a Director’s resignation includes:
- Directors may resign from their positions before their term expires;
- In case a director resigns, the concerned director must submit a resignation letter to the Company;
- The Company is obligated to convene a GMS to decide on the resignation request of the director, no later than 90 (ninety) days after receiving the resignation request.
