The GMS has authorities to appoint and dismiss the member of the Board of Commissioners and the Board of Directors, approve changes and ratify the Articles of Association, approve the Annual Report and make decisions regarding corporate actions or other strategic decisions proposed by the Board of Directors. Decisions made during the GMS must consider the Company’s interests. Without limiting the rights and authorities of the GMS, the GMS or Shareholders are not allowed to intervene the implementation of duties, functions and authorities of the Board of Commissioners and the Board of Directors, as well as their rights and obligations in accordance with the Articles of Association and the prevailing laws. GMS decision shall be made in a fair and transparent manner.
The GMS should be held in accordance with the interests of the Company and with respect to the Articles of Association and legislation, and with adequate preparation, So that it can make legitimate, fair and transparent decisions with regard to the things necessary to guard the Company’s business interests in the long term, including:
1. Place and Organizer of GMS
2. GMS Announcement and call
3. Quorum, Voting Rights and Resolutions
4. Minutes of GMS