The Right of the Board of Directors.

1 C HA P T E R I IN T R O D U C T IO N C HA P T E R I I T H E PR IN C IPL ES O F G O O D C O R PO R A T E G O VER N A N C E C HA P T E R I I I T H E C O MP A N Y O R G A N S C HA P T E R I V T H E C O MP A N Y’ S PR IN C IP A L PO L IC Y C HA P T E R V I MA N A G EMEN T O F R EL A T IO N - SH IP W IT H ST A K EH O L D ER S C HA P T E R V I I IMPL EMEN T A T IO N O F G U ID EL IN ES C HA P T E R V I I I C L O SI N G C HA P T E R V MA N A G EMEN T O F SU B SI D IA R IES 43 43 2 The call of the Board of Directors meeting is performed in writing by the Board of Directors who is entitled to represent the Company, and delivered in a period of at least three 3 days before the meeting is held or in shorter period if in urgent circumstances, by not taking into account the call date and the meeting date. 113 3 The meetings invitation must contain the event, date, time and place of meetings. 114 4 Advance call of meetings is not required if all members of the Board of Directors are present in the meeting. 115 5 All meetings of the Board of Directors is chaired by the President Director. 116 6 In event that the President Director is not present or not available, then the meeting of the Board of Directors is chaired by a Director who is appointed in writing by the President Director. 117 7 In the event of the President Director does not appoint any Director, then one of the longest-serving members of the Board of Directors leads the meeting. 118 If there are more than 1 one Directors with the longest-serving, then a member of the Board of Directors who is the oldest in age acts as the chairman of the Board of Directors meeting. 119 8 Meeting of the Board of Directors must be held periodically, at least once in every month, and in the meeting, the Board of Directors may invite the Board of Commissioners. 120 9 The Board of Directors may hold meetings at any time and when 121 a Deemed necessary by one or more members of the Board of Directors; b Upon a written request of one or more members of the Board of Commissioners; as long as it is in accordance with the decision of the Board of Commissioners; or 113 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 6 114 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 7 115 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 8 116 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 11 117 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 12 118 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 13 119 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 14 120 Regulation of the Minister of SOE No. PER-09MBU2012 Article 24 Paragraph 1 121 Article of Association of PT SUCOFINDO PERSERO Article 12 Paragraph 4