Electronic General Meeting of Shareholders for Public Companies - What You Need to Know
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Harun Reksodiputro
Partner, Ginting & Reksodiputro in association with Allen & Overy
Jakarta
Sugianto Osman
Partner, Ginting & Reksodiputro in association with Allen & Overy
Jakarta
Andrew Mohammad
Counsel, Ginting & Reksodiputro in association with Allen & Overy
Jakarta
Richele Suwita
Senior Associate, Ginting & Reksodiputro in association with Allen & Overy
Jakarta
Tyas Hardianto
Associate, Ginting & Reksodiputro in association with Allen & Overy
Jakarta
05 May 2020
Following the declaration by the President of Indonesia declaring Covid-19 coronavirus as a "Public Health Emergency" and the implementation of various protective measures, including imposing restrictions on activities in public places, the Indonesia Financial Service Authority (OJK) has passed two regulations concerning the general meeting of shareholders (GMS) of public companies.
The new regulations allow a GMS to be undertaken, a proxy to be nominated and voting to be cast electronically. This is important for public companies to implement protective measures to contain the spread of the Covid-19 outbreak but at the same time comply with the requirement to conduct an annual GMS and, if required, an extraordinary GMS