Annual General Meeting of Shareholders

 

Agenda discussed in Annual General Meeting of Shareholders :

 

  1. Approval of the Annual Report including the Financial Report of the Company and Report of Superintendence of Board of Commissioners for the year ended December 31, 2016. 
  2. Determining the Company's Net Loss for Fiscal Year 2016.
  3. Appointing Public Accountnat for the Year 2017.
  4. Determining salary and other allowance of Commissioner and granting authority to Board of Commissioners to determine salary and other benefits for members of Board of Directors.

Decisions of Annual General Meeting of Shareholders 1 June 2016 :

 

  1. Meeting unanimously on the basis of deliberations for consensus decided as follows:

    - Approved the Annual Report of the Board of Directors regarding the operation of the Company for the year 2016 including Report of Superintendence Board of Commissioners;
    - Ratify the Consolidated Statements of Financial Position and Comprehensive Income Consolidated Statements of the Company for the year ended December 31, 2016 audited by Public Acountant “Hendrawinata Eddy Siddharta and Tanzil” as stated in the report Number 132/01/DPL/I/BMS-1/17 dated 27 March 2017 with "Unqualified Opinion".
    - Thus providing a disclaimer fully to all members of the Board of Directors and Board of Commisioners for the  accomplishing and monitoring undertaken during the year ended December 31, 2016 (acquit et de charge), to the extent that their actions are reflected in the Consolidated Statements of Financial Position and Comprehensive Income Consolidated Statements of the Company for Fiscal Year ending 31 December 2016.
  2. Meeting unanimously on the basis of deliberations for consensus decided as follows:

    Approved the determination of Net Loss for Fiscal Year 2016 for not disburshing cash dividend to Shareholders considering the Company still suffers from Current Loss  of IDR 19.569.224.683,- (nineteed billion five hundred sixty nine million two hundred twenty four thousand six hundred eighty three Rupiah ) as stated in the Company's Consolidated Finacial Statement for the Fiscal Year ending 31 December 2016.

  3. Meeting unanimously on the basis of deliberations for consensus decided as follows:

    Approved the appointment of Public Accountant “Hendrawinata Eddy Siddharta dan Tanzil” to audit the books of the Company for the Fiscal Year ending 31 December 2017. In the event the agreement between the Company and the Public Accountant cannot be achieved, the Meeting delegates the authority to the Board of Commisioners to appoint another reputable Public Accounting Firm registered in the Financial Services Authority as the Company's Public Accounting Firm for the Fiscal Year ending 31 December 2017.

  4. Meeting unanimously on the basis of deliberations for consensus decided as follows:

    - Approve the the determination of  the Board of Commissioners' remuneration for 2017 increase not exceeding 5% of the total amount received by the Board of Commisioners of the Company in 2016; and 
    - Approve delegation of the authority and power to the Board of Commissioners of the Company to determine salaries, fees and other benefits for members of the Board of Directors.