GMS Board of
Board of
with Shareholders

General Meeting of Shareholders

A general meeting of shareholders (GMS) is the highest shareholders’ decision-making forum. GMS is also the shareholders’ platform for exercising their rights to obtain information, convey opinions, and submit questions, provided that they are relevant to the GMS agenda and comply with the company’s articles of association and the applicable laws and regulations. GMS implementation is regulated by the articles of association and the Financial Services Authority’s Regulation no. 15/POJK.04/2020 on the Plan and Implementation of General Meetings of Shareholders by Public Companies ("POJK 15") and no. 16/POJK.04/2020 on the Implementation of Online / Electronic General Meetings of Shareholders by Public Companies ("POJK 16"). 

The company’s GMS consist of annual GMS (AGMS), which is conducted once a year and extraordinary GMS (EGMS), which may be conducted at any time necessary.  


The Annual General Meeting of Shareholders 2023

In 2023, the company held its AGMS on May 11th, 2023 by the online platform and offline at the St. Regis Hotel Jakarta. All the online and offline participants were able to attend the AGMS and make active participation.

The AGMS was attended by the shareholders or their valid proxies accounting for 25,419,884,336 shares or 82.091% out of 30,965,456,900 shares, equivalent to the company’s total issued shares up to the AGMS recording date of 31,985,962,000 deducted by the number of shares obtained under the share buyback mechanism totaling 1,020,505,100 shares.

The online participants were given the opportunity to submit questions by writing the questions associated with the AGMS agenda in the eASY.KSEI’s chat box. The questions considered relevant to the AGMS agenda were read at the AGMS. On the other side, prior to the decision-making on each of the AGMS agenda, the Meeting Chairperson gave the shareholders or the shareholder proxies the opportunity to submit their questions.

The shareholders may cast their vote in the AGMS through the eASY.KSEI platform provided by KSEI. The shareholders or shareholder proxies attending the AGMS in person may cast their vote by filling out the vote cards distributed to them.

The decisions were to be made under the deliberation to reach a consensus mechanism, however, because some shareholders or shareholder proxies voted disagree or abstain by delivering the vote cards, the decision on each AGMS agenda was made based on the vote cards.

The process and procedure of vote counting are provided in the AGMS procedure and are read by the Meeting Chairperson at the beginning of AGMS. The company appointed Notaris Humberg Lie, S.H., S.E., Mkn, and its share registrar, PT Ficomindo Buana Registrar, as the independent parties to count and/or validate the votes in the AGMS. The vote counting was recorded in the Minutes of AGMS.

The AGMS Summary, including the schedule and procedure of final dividend payment, was announced on the IDX website within two days after the AGMS and on the company’s website on May 15th, 2023.

The Minutes of AGMS 2023 are presented in the table below.

Release Date Document Title Document
February 9, 2022 2022 EGMS Press Release
January 18, 2022 2022 EGMS Proxy
January 18, 2022 2022 EGMS Rules of Conduct
January 18, 2022 EGMS 2022 Material
January 18, 2022 2022 EGMS Invitation
January 3, 2022 2022 EGMS Announcement
April 28, 2021 Summary Minutes Of the 2021 AGMS
April 26, 2021 2021 AGMS Press Release
April 1, 2021 2021 AGMS Rules
April 1, 2021 2021 AGMS Proxy