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INTP:IJ Rp. 12,450 altimage 2.68%
22-Oct-2020 15:47
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INTP:IJ Rp. 12450 altimage 2.68%
22-Oct-2020 15:47

Independence of BOC

In carrying out its functions, the Board of Commissioners acts independently and is free from the interests of any party.

The independence of the Company’s Board of Commissioners may also be seen from the ownership of shares and concurrent positions, where there are no Board of Commissioners’ members owning shares in the Company, and other companies related to the Company, and are not concurrently holding positions in companies that have business relationships with the Company.

Details of Board of Commissioners Share Ownership in the Company or other companies related to the Company are as follows:

Board of Commissioners’ Concurrent Positions

The Company has provisions on concurrent positions for members of the Board of Commissioners referring to Article 24 of OJK Regulation Number 33/POJK.04/2014 dated December 8, 2014 regarding Board of Directors and Board of Commissioners of Issuers or Public Companies, as stipulated in the Board Charter. These provisions regulates that:

1. Member of the Board of Commissioners may hold concurrent positions as:
   a. members of the Board of Directors at no more than two issuers or any other public companies; and
   b. members of the Board of Commissioners at no more than two issuers or any other public companies.
2. In case of members of the Board of Commissioners not holding concurrent positions as members of the Board of Directors, they can hold concurrent positions as members of the Board of Commissioners at no more than four issuers or any other public companies.
3. Members of the Board of Commissioners may serve as committee members at no more than five committees in issuers or public companies where they serve as a member of the Board of Directors or the Board of Commissioners. The concurrent positions as members of committees may only be held when they do not have any conflict with other regulations.

Information regarding member of the Board of Commissioners other concurrent positions are stated in the following table:

Based on the above information, it can be concluded that concurret position of members of the Company’s Board of Commissioners has complied with the concurrent position requirements in Article 24 POJK Number 33 dated December 8, 2014 regarding Board of Directors and Board of Commissioners of Issuers or Public Companies, and the Board Charter.

 

 

 

Indocement, a producer of Semen Tiga Roda Cement and Semen Rajawali