Nomination Board Manual PT SUCOFINDO (PERSERO) ilove compressed

1 57 b. Office of the member of the Board of Commissioners will expire if: 1 Passed away, 113 2 Tenure ends, 114 3 Dismissed based on the decision of the GMOS, 115 4 No longer qualified as a member of the Board of Commissioners based on the Articles of Association and other legislations, 116 5 Dismissed by decision of the Extraordinary GMOS, because of among others a unable to perform his duties properly, b does not implement the provisions of the legislation andor the provisions of the Articles of Association, c engaged in actions that harm the State andor SOE, d found guilty by the court rullings that have permanent legal force.

6. Dismissal of Members of the Board of Commissioner

a. A member of the Board of Commissioners at any time can be dismissed based on the decision of the GMOS by mentioning the reason. 117 b. The dismissal as referred to subparagraph a is executed when, based on the reality, the concerned member of the Board of Commissioners among others: 118 1 Does not perform their job properly, 2 Does not implement the legislation andor the provisions of Articles of Assosiation, 3 Engage in actions that are detrimental to the Company andor the State, 4 Found guilty by court rulings that have permanent legal force. c. The dismissal plan of members of the Board of Commissioners as mentioned in subparagraph a is notified to the concerned member of the Board of Commissioners verbally or in writing by the Shareholders. 119 113 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 29 114 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 29 115 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 29 116 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 29 117 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 13 118 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 14 119 Article of Association of PT SUCOFINDO PERSERO Article 14 Paragraph 16 57 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