In carrying out their duties and responsibilities, the Board of Commissioners and the Board of Directors hold meetings to discuss various agendas that relate to the interests of the Company. The activities in the 2018 Board of Commissioners and Board of Directors meetings include:
BOARD OF COMMISIONERS MEETINGS
The Board of Commissioners’ meetings comprise internal meetings of the Board of Commissioners, and Board of Commissioners meeting with the Board of Directors (Radirkom), as well as a Board of Commissioners Meeting with Committees under the Board of Commissioners that are held at least once a month.
BOARD OF COMMISSIONERS MEETING CONDITIONS
- The Board of Commissioners must hold a meeting at least 1 (one) time every 2 (two) months.
- The Board of Commissioners must hold meetings with the Board of Directors periodically at least 1 (one) time every 4 (four) months.
- The Board of Commissioners must schedule the Meetings, as referred to in points 1 and 2, for the following year before the end of the fiscal year and submit the Meeting material to participants no later than 5 (five) days before the meeting is held.
- Board of Commissioners Meeting Calls are made by the President Commissioner.
- Calls for Board of Commissioners meetings and / or Meetings with the Board of Directors, are delivered by registered letter or with a letter delivered directly to each member of the Board of Commissioners and / or Board of Directors, with a receipt of having received. no later than 5 (five) days before the meeting is held, not taking into account the call date and the meeting date.
- Decisions at Board of Commissioners Meetings must be made based on deliberation to reach consensus. If that is not reached, approval of the decisions can be made based on voting by more than 1/2 (one-half) of the members of the Board of Commissioners present.
- Board of Commissioners Meetings can also be conducted through teleconferencing, video conferencing or through other electronic media facilities that enable all participants at the meeting to see and hear directly and participate in the Board of Commissioners’ Meetings.
MEETING FREQUENCY AND ATTENDANCE
Throughout 2018, the Board of Commissioners held 10 (ten) meetings as follows:
BOARD OF DIRECTORS MEETINGS
Board of Directors’ Meetings are scheduled regular and nonroutine meetings held by the Directors. Meetings are held as a mechanism for planning and monitoring the application of the Company’s strategies and policies
KETENTUAN RAPAT DIREKSI BOARD OF DIRECTORS MEETING CONDITION
- Board of Directors’ Meetings must be held at least 1 (one) time every month.
- The Board of Directors must hold a meeting with the Board of Commissioners periodically at least 1 (one) time every 4 (four) months.
- The Board of Directors must schedule the Meetings, as referred to in points 1 and 2, for the following year before the end of the fiscal year and submit the Meeting material to participants no later than 5 (five) days before the meeting is held.
- Board of Directors Meetings are made by members of the Board of Directors who are entitled to act for and on behalf of the Board of Directors in accordance with the provisions of the Company’s Articles of Association.
- Directors’ meetings are held at the Company’s domicile or the place of business of the Company.
- Decisions of Board of Directors’ Meetings must be made based on deliberation to reach consensus. If that is not reached, approval of the decisions can be made based on voting by more than 1/2 (one-half) of the members of the Board of Directors present.
- Board of Directors ‘meetings can also be conducted through teleconferencing, video conferencing or through other electronic media facilities that enable all participants at the meeting to see and hear directly and participate in the Board of Commissioners’ Meetings.
MEETING FREQUENCY AND ATTENDANCE
During 2018, the Board of Directors held 51 (five) meetings with details as follows:
JOING MEETING
Board of Directors and Board of Commissioners Joint Meetings are Meetings as a form of coordination and consultation to discuss the Board of Directors’ periodic reports and discuss business conditions and prospects as well as national / regional policies that affect the Company’s performance, and to provide responses, notes and advice on decision as outlined in the Minutes of Meetings attended by Members of the Board of Commissioners, Members of the Board of Directors, Related Divisions and Corporate Secretary. In the Company’s Articles of Association it states that Joint Meetings can be held at least 4 (four) months.
MEETING FREQUENCY AND ATTENDANCE
During 2018, the Board of Commissioners and Board of Directors held 6 (six) joint meetings with details as follows:
