Annual General Meeting of Shareholders (AGM) is an important forum for holder share For supervise performance company and take decision strategic related business . Obligations holding of the Annual General Meeting of Shareholders set up in various regulation legislation , especially for company in the form of a Limited Liability Company (PT) and a company publicly traded company ( Tbk ) listed on the Indonesia Stock Exchange ( IDX).

Annual General Meeting of Shareholders must done in accordance with Law no. 40 of 2007 regarding Limited Liability Companies , Regulations Financial Services Authority (OJK) for companies listed on the IDX, as well as Regulation of the Minister of Law and Human Rights governing governance company . In the meeting this , holder share entitled agree report finance , determine use profit clean , and do evaluation to board of directors as well as commissioner . In addition , the company also discussed policy not quite enough answer social company (CSR) and policies strategic other .

Objectives of the Annual General Meeting of Shareholders

Annual General Meeting of Shareholders held For :

• Agree Report Finance Annual : One of the objective main Annual General Meeting of Shareholders is For check and approve report finance companies that have audited For the year that has passed passed .
• Determination Use of Net Profit : Shareholders share will decide whether profit clean will shared as dividend or detained For development company more carry on .
• Election and Appointment Directors and Commissioners : If necessary , the Annual GMS also becomes event For choose or lift directors and commissioners company .
• Social Responsibility ( CSR) : Discussion about policy not quite enough answer social company and allocation of funds for company CSR activities .
• Board of Directors Performance Report : The Annual GMS is also a forum for evaluate performance directors and management company during period walk .

The holding of the GMS must done with announcement official to holder minimum 14 days stock before meeting ongoing . Meeting will legitimate If attended by more than of 50% of total shares issued company . Decisions are taken with deliberation consensus or through collection voice based on amount shares owned . All​ decisions taken​ will noted in minutes official signed by the participants meeting .

Prepared Documents​ in the Annual General Meeting of Shareholders

• Report Finance Annual : Includes report profit loss , balance sheet , cash flow , and the report that has been audited by accountants public .
• Report Duties and Responsibilities of Directors and Commissioners : Reports performance that includes activity operations and achievements that have been done company during year the .
• GMS Agenda : Shareholders share must given a detailed meeting agenda , so they can prepare self before meeting .
• Protocol and Minutes of the GMS : All decisions taken​ in the GMS recorded in minutes signed by the shareholder stock is present , which works

Companies that do not hold an Annual General Meeting of Shareholders in accordance provision can charged sanctions administrative by OJK and the Ministry of Law and Human Rights. Sanctions can in the form of fine until restrictions activity business . Therefore that , company must comply regulation This is for transparency and accountability still awake .

As development progresses technology , company now can stage GMS in general electronic (e-RUPS) use increase efficiency and enable participation holder share from various location . With existence strict regulations and options​ organization electronics , governance is expected companies in Indonesia are increasingly transparent and professional .

In general Overall , Annual General Meeting of Shareholders is mechanism important for holder share For monitor and supervise the way company , as well as For ensure decisions strategic decision taken in accordance with interest holder stocks and sustainability company.