SSEK Indonesian Legal Consultants senior partner Ira A. Eddymurthy will be a featured speaker at the upcoming American Conference Institute 9th Summit on Anti-Corruption and Compliance – Asia Pacific. This virtual conference is scheduled for March 9-11, 2021. You can register for the conference here. Use the discount code S10-965-965L21.S for a 10% discount off … Join SSEK at Asia-Pacific Summit on Anti-Corruption and Compliance
SSEK Indonesian Legal Consultants senior partner Ira A. Eddymurthy will be a featured speaker at the upcoming American Conference Institute 9th Summit on Anti-Corruption and Compliance – Asia Pacific. This virtual conference is scheduled for March 9-11, 2021. You can register for the conference here. Use the discount code S10-965-965L21.S for a 10% discount off … Join SSEK at Virtual Asia-Pacific Summit on Anti-Corruption and Compliance
In Indonesia, the size, composition and procedures for the appointment, replacement and dismissal of the board of directors (BOD) and board of commissioners (BOC) are determined in the articles of association (AOA) of the company. Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law) only stipulates a minimum number of BOD and … Corporate Governance in Indonesia – Board Size and Composition
SSEK Indonesian Legal Consultants senior partner Ira A. Eddymurthy will be a featured speaker at the upcoming American Conference Institute 9th Summit on Anti-Corruption and Compliance – Asia Pacific. This virtual conference is scheduled for March 9-11, 2021. You can register here. If you register by January 15, use the SSEK speaker code S10-965-965L21.S for a 10% … Join SSEK at ACI Virtual Asia-Pacific Summit on Anti-Corruption and Compliance
The predominant board structure in Indonesia is best categorized as two-tier. The first tier is the board of directors (BOD), which acts as an executive to the company and is responsible for its day-to-day operation (article 92(1) of Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law). The second tier is the … Corporate Governance in Indonesia – Responsibilities of the Board
There is nothing in the law that prohibits anti-takeover devices. Notwithstanding this, Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law) protects the interests of minority shareholders; minority shareholders who do not agree with the takeover can request the target company to purchase their shares at a fair price. Every shareholder is … Corporate Governance in Indonesia – Corporate Control
Shareholders in Indonesia are empowered to direct the company to take particular courses of action within the ambit of the general meeting of shareholders (GMS), including the power to elect and dismiss members of the board of directors (BOD), as governed under articles 94(1) and 105(1) of Law No. 40 of 2007 regarding Limited Liability … Corporate Governance in Indonesia – Shareholder Powers
The primary source of law relating to corporate governance in Indonesia is Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law). Additionally, corporate governance for certain types of companies, namely those operating in the insurance and capital market sectors, as well as issuers and public companies, is governed by the Financial Services … Corporate Governance in Indonesia – Sources of Law, Regulation and Practice
By Rusmaini Lenggogeni Issues regarding corporate governance in Indonesia revolve around the implementation of corporate governance in the regulations and the execution thereto. Compared to other countries, corporate governance in Indonesia is still developing, particularly for those businesses not covered by specific corporate governance regulations. However, with the regulations passed by the Financial Services Authority … Corporate Governance in Indonesia – Current Issues and Developments
SSEK partner Winnie Y. Rolindrawan and SSEK associate Mutiara Kasih Ramadhani have contributed the Indonesia chapter to the Lexology GTDT Corporate Governance 2020 global guide. The corporate governance guide summarizes the pertinent aspects of company law and corporate governance practices. It touches on, among other topics, sources of governance rules and practice, government agencies and … Guide to Corporate Governance in Indonesia
