Based on OJK Regulation No. 33/2014, the duties and authorities of the Board of Directors are as follows:
Leading and managing the Company in accordance with the aims and objectives of the Company and at all times striving for the improvement of the Company’s efficiency and effectiveness;
Maintaining, keeping and managing the assets of the Company.
Preparing the Company Organizational Structure complete with its job description.
Stipulating the distribution of tasks and authorities of the Members of the Board of Directors.
Developing and leading the application of the good corporate governance of the Company.
Timely preparing the Company’s Long Term Plan and then bringing it forward to the Board of Commissioners for approval and legalization.
Preparing the Action Plan and Budget and submitting the same to the Board of Commissioners at the latest 30 (thirty) days prior to the commencement of the future fiscal year for approval and legalization.
Establishing and implementing the integrated corporate risk management program being the part of the good governance.
Stipulating the policy on effective Internal Controlling System to secure the investment, business activity and assets of the Company.
Preparing the accounting standard in accordance with the Financial Accounting Standard and based on internal control principles especially the separation of management, recording, maintaining and supervisory functions.
Preparing and maintaining the Company’s bookkeeping and administration for orderly bookkeeping implementation, working capital sufficiency with the efficient capital expenses, good and steady balance sheet structure, timely and accurate report and financial analysis preparation as well as other principles in accordance with the ordinary norms prevailed in the Company.
Submitting the Financial Statement, other periodical report to the Shareholders in accordance with the prevailing legislation.
Preparing and providing the Annual Report to OJK at the latest in the 4th (fourth) month after the end of fiscal year or on the date of summons to the Annual General Meeting of Shareholders of the Company, whichever earlier.
Ensuring the availability of Annual Report to the Shareholders of the Company at the latest on the 4th (fourth) month after the end of fiscal year or on the date of summons to the Annual General Meeting of Shareholders of the Company, whichever earlier.
Holding Annual GMS at the latest the 6th (sixth) month after the end of the fiscal year.
Summoning and holding Annual GMS and/or Extraordinary GMS according to the method and time according to the provisions of the Company’s Articles of Association and prevailing legislation.
Having the function of Corporate Secretary.
Preparing, depositing and maintaining company documents in the Company’s domicile among others the list of shareholders, minutes of General Meeting of Shareholders, minutes of meeting of the Board of Commissioners and the Board of Directors, Annual Statement and financial documents of the Company as well as other documents of the Company.
Disclosing important information relating to the Company in the Annual Statement and Financial Statements to the Shareholders or other party, in accordance with the prevailing legislation timely, accurately, clearly and objectively.
Holding the meeting of the Board of Directors at least once in each 1 (one) month in accordance with the prevailing legislation.
Maintaining the confidentiality of data and/or information of the Company.
Ensuring the Company performs its social responsibility.
Improving the competence and knowledge sustainably to perform the tasks as the Board of Directors of the Company on professional basis.
Informing the Corporate Secretary on the shareholding in the Company including the change to be reported to the regulator in accordance with the prevailing legislation.
Informing the Corporate Secretary each or all positions in other company, including other listed companies, and the positions in the existing committees under the Board of Commissioners of other listed company (if any).
Performing other obligations in the frame of performing the tasks and responsibilities so long it does not in contravention of the prevailing legislation, the Company’s Articles of Association and/or resolution of the General Meeting of Shareholders of the Company.