By Rusmaini Lenggogeni Companies in Indonesia must have at least one director, except for specific companies whose business relates to the collection or management of public funds, and companies that issue acknowledgements of indebtedness to the public, which must maintain a Board of Directors (BOD) with at least two members. The Indonesian Corporate Governance Manual … Corporate Governance in Indonesia – Directors and Officers
By Rusmaini Lenggogeni Pursuant to the provisions set out in the Indonesian Company Law, the Board of Directors (BOD), Board of Commissioners (BOC) and shareholders of companies in Indonesia have separate duties and functions. The members of the BOD are the day-to-day operating officers of the company. The Company Law gives the BOD the right … Corporate Governance in Indonesia – Types of Decisions Made by Governing Bodies
By Rusmaini Lenggogeni The principal bodies and functions involved in the governance and management of Indonesian companies under the Company Law are the General Meeting of Shareholders (GMS), Board of Directors (BOD) and Board of Commissioners (BOC). The BOD constitutes the company\'s management. The members of the BOD are the day-to-day operating officers of the … Bodies and Functions Involved in Governance and Management of Indonesian Companies
SSEK recently led a half-day corporate legal training event on electronic money and anti-money laundering in Indonesia. The training was provided for a leading Indonesian payments, rewards and financial services platform.
By Rusmaini Lenggogeni Since corporate organizations in Indonesia largely take the form of a limited liability company, corporate governance in Indonesia is principally governed under Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law). The elucidation of Article 4 of the Company Law states that the applicability of the Company Law does … Corporate Governance in Indonesia
SSEK Legal Consultants and First Law International (FLI) recently led a compliance training session designed to help companies refresh their internal familiarity with anti-corruption legislation in Indonesia and develop skills that may be used to spot potential issues. This working session was designed to start a robust conversation on this very important subject and motivate … SSEK and FLI Hold Compliance Working Session for Businesses in Indonesia
SSEK Legal Consultants and First Law International are offering a compliance working session on Thursday, August 1, to help companies refresh their internal familiarity with anti-corruption legislation and develop skills that may be used to spot potential issues. This event is complimentary for SSEK clients (IDR 3 million for non-clients), but space is limited. If … Join SSEK for a Compliance Working Session for Businesses
SSEK partner Rusmaini Lenggogeni has contributed the Indonesia chapter to the 2019 Chambers Corporate Governance global guide. The Corporate Governance guide provides expert legal commentary on rules, requirements practices adopted by businesses. The chapter by Rusmaini offers a comprehensive look at corporate governance rules and requirements in Indonesia, including: Corporate Governance Framework Management of the … Guide to Corporate Governance in Indonesia
By Nico Mooduto The laws on corruption do not recognize boundaries. The Foreign Corrupt Practices Act (FCPA) of the United States is one example where a domestic law seeks to punish the commission of corruption act outside the territory of the United States or within the US by a foreign entity. Essentially, the FCPA punishes … Corruption Liability for Higher Education Institutions Operating in Indonesia
SSEK was recently invited to Medan, North Sumatra, to give a presentation as part of the Company Compliance Program of the Toyota Group. SSEK partner Fransiscus Rodyanto gave the presentation and engaged in a lively Q&A with representatives of 19 companies from PT Toyota Motor Manufacturing Indonesia. Also attending the event were two officials from … SSEK Takes Part in Indonesian Compliance Event with Toyota Group
