Accountability of the Shareholders

1 28 28

1. Qualifications of the Board of Commissioners

a. Indonesia citizen, who is able to perform legal actions. b. Individual person who is qualified to perform legal actions, except within 5 five years before his appointment ever: 53 1 was declared bankrupt 2 became a member of the Board of Directors or a member of the Board of Commissioners who was convicted of causing a company or public company was declared bankrupt; or 3 was convicted of committing a crime that caused financial andor other harm related to the financial sector. c. In addition to the requirements as mentioned in point b, must also meet other requirements defined by the related technical agencies based on the prevailing legislation 54

2. Composition of the Board of Commissioner

a. The Board of Commissioners consists of 1 one or more members. 55 In the event of the Board of Commissioner consists of more than 1 one Member, then one member of the Board of Commissioner is appointed as the President Commissioner. 56 b. The composition of the Board of Commissioners must be determined in such a way to enable effective, precise and fast decision making, and can act independently. 57 c. At least 20 twenty per cent of the composition is member of the independent Commissioners, which is determined in his appointment decree. 58

3. Terms of Office of the Board of Commissioner

a. The terms of office of the members of the Board of Commissioner is determined as 5 five years and may be reappointed for 1 one term. 59 b. Member of the Board of Commissioners can be dismissed any time based on the decision of the GMOS by mentioning the reason. 60 53 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 4 54 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 3 55 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 1 56 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 3 57 Law No.19 Year 2003 Article 28 Paragraph 3 58 Law No.19 Year 2003 Article 28 Paragraph 3 59 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 12, Law No. 19 Year 2003 Article 28 Paragraph 4 60 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 13, Law No.19 Year 2003 Article 29