The Synergy
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Corporate Governance

Board of Commissioners Meetings

In the process of supervising the Company’s operations, the Board of Commissioners conducts meetings or evaluations of monthly operational report and discussions with relevant committees, according to matters that require attention. The Board of Commissioners may hold meeting if deemed necessary by one or more Commissioners, or upon written request of one or more shareholders who together own 1/10 or more of total shares with voting rights, by mentioning the matters to be discussed. A periodic meeting is held every three (3) months to discuss the Company’s performance, the Board of Directors’ work plans and strategic issues that require the Board of Commissioners’ approval. If deemed necessary, the Board of Commissioners may invite the Board of Directors.

Throughout 2016 ABM’s Board of Commissioners held 7 formal meetings and several informal meetings to discuss The Board of Directors performance report for certain period in managing the Company. Attendance rate of The Board of Commissioners members in the meetings is as follows:


Board of Directors Meetings

The Board of Directors is required to hold periodic meetings once in 2 (two) weeks at the minimum. Other than such periodical meetings, The Board of Directors may hold meeting at any time deemed necessary by one or more The Board of Directors members or upon written request of one or more The Board of Commissioners members or upon written request of one or more shareholders representing at least 1/10 of total shares with voting rights.

Throughout 2016, the Board of Directors held 50 meetings to evaluate the Company’s performance achievements and other matters considered of significance. The number of meetings and attendance rate of the Board of Directors members are as follows:

 

Board of Commissioners and Board of Directors Joint Meetings

The Board of Commissioners and the Board of Directors in the Company’s daily management need to coordinate and cooperate to achieve the Company’s long-term goals and sustainability. To synchronize views and decide crucial matters concerning the Company’s going concern and operations, the Board of Commissioners and the Board of Directors conduct joint meetings regularly.

The aim of joint meetings is to discuss various agendas regarding work plans, operations, business opportunities, as well as strategic issues requiring approval of the Board of Commissioners. Joint meetings normally discuss the Board of Directors’ periodic reports, to which the Board of Commissioners provides responses, notes and advices as outlined in the minutes of meeting.

Throughout 2016, the Board of Commissioners and the Board of Directors held 4 Joint Meetings with the attendance of the Board of Commissioners and the Board of Directors members as follows:

 

Audit Committee Meetings

In 2019, the Audit Committee held 9 (nine) meetings with the agendas and attendance of each member of the Audit Committee presented in the table below:

The number of meetings of the Audit Committee has been in line with the Guidelines for the Audit Committee, where it is stated that the Audit Committee must convene a meeting at least once every three months.


Nomination & Remuneration Committee Meetings

In 2016 the Nomination & Remuneration Committee held 4 meetings, attended by all of its members (with attendance rate of 100%).


Investment Committee Meetings

In 2016 the Investment Committee held 4 meetings, attended by all of its members (with attendance rate of 100%), i.e. on 25 Februari, 18 Mei, 24 Agustus, dan 9 November 2016.