Pursuant to Law No. 40 of 2007 concerning Limited Liability Companies, Company bodies consist of the General Meeting of Shareholders (GMS), the Board of Commissioners and the Board of Directors. The Board of Commissioners and Directors, have clear authority and responsibility according to their respective functions as mandated in the Articles of Association and Legislation.
The Company believes that the relationship between the Company’s Bodies has had a very positive effect on the success of the Company’s GCG management and application. Therefore, the Company is committed to expressly separating the functions and duties of each Company Body, namely the General Meeting of Shareholders (GMS), Board of Commissioners and Board of Directors.
- The GMS is the Company body with authorities that cannot be passed on to the Board of Directors or the Board of Commissioners within the limits specified in the Law and / or the Articles of Association.
- The Board of Commissioners is the Company body in charge of general and / or special supervision in accordance with the Articles of Association as well as gives advice to the Board of Directors.
- The Board of Directors is the Company body with the authority, and full responsible for the Company’s management for the benefit of the Company, in accordance with the Company’s purposes and objectives and represents the Company, in accordance with the Articles of Association provisions.
In addition to the main bodies, the Company also has supporting bodies, including:
1. Supporting bodies of the Board of Commissioners
- Audit Committee
- Nomination and Remuneration Committee
2. Supporting bodies of the Board of Directors
- Corporate Secretary
- Internal Audit
- Investor Relations
