BOARD OF COMMISSIONERS Pasal 16 DEWAN KOMISARIS Clause Samples
The "Board of Commissioners" clause defines the structure, roles, and responsibilities of the Dewan Komisaris (Board of Commissioners) within a company. It typically outlines how commissioners are appointed, their authority to supervise and advise the Board of Directors, and the procedures for meetings and decision-making. For example, it may specify the number of commissioners, their term lengths, and the scope of their oversight functions. This clause ensures effective corporate governance by establishing a supervisory body that monitors management and protects the interests of shareholders.
BOARD OF COMMISSIONERS Pasal 16 DEWAN KOMISARIS. 1. The Board of Commissioners shall consist of 6 (six) commissioners, whereby one of them shall be appointed as the President Commissioner and one other shall be appointed as the Vice President Commissioner. 1. Dewan Komisaris terdiri dari 6 (enam) komisaris, dimana salah seorang akan diangkat sebagai Presiden Komisaris ▇▇▇ seorang lainnya akan diangkat sebagai Wakil Presiden Komisaris.
2. Freeport has the right to nominate 3 (three) members of the Board of Commissioners and Inalum Group has the right to nominate 3 (three) members of the Board of Commissioners in accordance with the Shareholders Agreement. 2. Freeport memiliki hak untuk menominasikan 3 (tiga) anggota Dewan Komisaris ▇▇▇ Grup Inalum memiliki hak untuk menominasikan 3 (tiga) anggota Dewan Komisaris sesuai dengan Perjanjian Pemegang Saham.
3. Only private persons, qualified under prevailing statutory regulations, may be appointed as members of the Board of Commissioners.