Decision Making Procedures The Mechanism of Implementation of the Meeting of the Board of Commissioners
1
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issued, revoting has accordingly to be performed on the 2 two alternatives which have achieved major votes so that any of the
alternatives may achieve votes of more than ½ a half of the number of votes issued.
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11 Invalid votes are considered do not exist and are not counted in determining the number of votes issued at the meeting.
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12 Decisions concerning strategic aspects must be done through the mechanism of Meetings of Board of Commissioners. These
strategic aspects, among others, include all acts of the Board of Directors that must obtain the consent of the General
Meeting of Shareholders after obtaining the written recommendation of the Board of Commissioners and all acts of
the Board of Directors that must obtain written approval of the Board of Commissioners.
13 Meeting decision which is taken in the internal meeting forum of the Board of Commissioners andor joint meeting Board of
Commissioners and Board of Directors is regulated as follows: a Conveying the original proposal letter, which is submitted
by the Board of Directors to the Board of Commissioners andor President Commissioner for obtaining decision of
the Board of Commissioners, Proposal letter is submitted by the Secretary to related members of the Board of
Commissioners
whose functions
are within
the materialscope proposed.
b In the event that the Board of Directors’ proposition is restricted and confidential, the proposal letter should be
submitted to the President Commissioner. c Submission period of the proposal is not later than 1 one
month before the schedule of internal meeting of the Board of Commissioners, to provide sufficient time for the Board
of Commissioners to study and examine the proposal and schedule it, discuss the proposal and set a decision of the
Board of Commissioners.
d In a certain case where a strategic proposition has potential majorsignificant impact to the continuity of the
Company, opinionrecommendationadvice determined in the internal meeting of the Board of Commissioners is to
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Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 25
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Article of Association of PT SUCOFINDO PERSERO Article 16 Paragraph 26
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be conveyed and discussed again in joint meeting of Board of Commissioners and Board of Directors.
e In the process of decision making, the Board of Commissioners can assign the Committee under the
Board of Commissioners to perform monitoring, collection of materialdocuments information needed, as well as to
conduct
research and
evaluation and
suggestionsfeedbacks in a report submitted to the Board of Commissioners.
f In the event that the proposals presented by the Board of
Directors requires an urgent decision in less than one month from the Board of Commissioners or is confidential
and restricteed as referred to point b, the Board of Commissioners can accordingly organize special meetings
of the Board of Commissioners of which the result of meeting decission is submitted to the Board of Directors in
the form of the Board of Commissioners Letter. The letter is signed by the President Commissioner and at least
acknowledgedinitialed by 1 one member of the Board of Commissioners who attended the meeting of the Board of
Commissioners. In the case that the President Commissioner is unable to sign the letter, therefore 2 two
appointed members of the Board of Commissioners may sign the letter.
g Each Member of the Board of Commissioners is mandatory to have copy of the letter,
h All members of the Board of Commissioners are deemed to approve the Board of Commissioners Letter which is
issued based on the decision result of the Board of Commissioners meeting.
14 Letter of the Board of Commissioners with regard to the proposal of the Board of Directors, is delivered or notified to the
Board of Directors with the following arrangements: a The decision or feed-back of the Board of Commissioners
on the proposal is submitted to the Board of Directos through electronic media not later than 3 three days after
the decision is made by the Board of Commissioners or in writing not later than 14 fourteen days after the meeting
of the Board of Commissioners is held.
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CHAPTER I
INTRODUCTION
CHAPTER II
BOARD OF DIRECT
ORS BOD
CHAPTER III
BOARD OF COMISSIONERS BOC
CHAPTER IV
ACTIVITY AMONG COMP
ANY’S ORGAN
CHAPTER V
CLOSING
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b Proposal of the Board of Directors that requires immediate approval from the Board of Commissioners should be
submitted to the Board of Commissioners not later than 7 seven days before the meeting of the Board of
Commissioners is held. Decision making or response of the Board of Commissioners to the proposal is submitted
to the Board of Directors via electronic media not later than 3 three days or in writing not later than 7 seven days
after the meeting of the Board of Commissioners is held.