The predominant board structure in Indonesia is best categorized as two-tier. The first tier is the board of directors (BOD), which acts as an executive to the company and is responsible for its day-to-day operation (article 92(1) of Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law). The second tier is the … Corporate Governance in Indonesia – Responsibilities of the Board
There is nothing in the law that prohibits anti-takeover devices. Notwithstanding this, Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law) protects the interests of minority shareholders; minority shareholders who do not agree with the takeover can request the target company to purchase their shares at a fair price. Every shareholder is … Corporate Governance in Indonesia – Corporate Control
Shareholders in Indonesia are empowered to direct the company to take particular courses of action within the ambit of the general meeting of shareholders (GMS), including the power to elect and dismiss members of the board of directors (BOD), as governed under articles 94(1) and 105(1) of Law No. 40 of 2007 regarding Limited Liability … Corporate Governance in Indonesia – Shareholder Powers
The primary source of law relating to corporate governance in Indonesia is Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law). Additionally, corporate governance for certain types of companies, namely those operating in the insurance and capital market sectors, as well as issuers and public companies, is governed by the Financial Services … Corporate Governance in Indonesia – Sources of Law, Regulation and Practice
By Rusmaini Lenggogeni Issues regarding corporate governance in Indonesia revolve around the implementation of corporate governance in the regulations and the execution thereto. Compared to other countries, corporate governance in Indonesia is still developing, particularly for those businesses not covered by specific corporate governance regulations. However, with the regulations passed by the Financial Services Authority … Corporate Governance in Indonesia – Current Issues and Developments
SSEK partner Winnie Y. Rolindrawan and SSEK associate Mutiara Kasih Ramadhani have contributed the Indonesia chapter to the Lexology GTDT Corporate Governance 2020 global guide. The corporate governance guide summarizes the pertinent aspects of company law and corporate governance practices. It touches on, among other topics, sources of governance rules and practice, government agencies and … Guide to Corporate Governance in Indonesia
By Rusmaini Lenggogeni The principal form of corporate/business organization that applies in Indonesia is a limited liability company. However, there are other forms of business organizations such as cooperatives, representative offices and partnerships. Sources of Corporate Governance Requirements Since corporate organizations in Indonesia largely take the form of a limited liability company, corporate governance in … Corporate Governance in Indonesia
SSEK senior partner Ira A. Eddymurthy and senior associate Nico A. Mooduto have contributed a Q&A guide for Indonesia on conducting anti-corruption due diligence before entering into a cross-border acquisition of a private company or business to assess the corruption risk associated with it. The practice note includes an overview of anti-corruption conventions and laws, … Anti-Corruption Due Diligence – Indonesia
SSEK partner Rusmaini Lenggogeni has contributed the Indonesia chapter to the 2020 Chambers Corporate Governance global guide. The Corporate Governance guide provides expert legal commentary on the key rules and requirements for organizations, ESG, directors and shareholders, financial reporting, and auditing and risk. You can find the Indonesia chapter of the 2020 Chambers Corporate Governance global … Guide to Corporate Governance in Indonesia
SSEK partner Rusmaini Lenggogeni has contributed the Indonesia chapter to the 2020 Chambers Corporate Governance global guide. The Corporate Governance guide provides expert legal commentary on the key rules and requirements for organizations, ESG, directors and shareholders, financial reporting, and auditing and risk. You can find the Indonesia chapter of the 2020 Chambers Corporate Governance global guide … Guide to Corporate Governance in Indonesia
