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Management Meeting

In 2018, the Board of Directors has conducted 12 (twelve) meetings of the Board of Directors and 5 (lima) joint meetings with the Board of Commissioners. Quorums of the Board of Directors meetings held by the Board of Directors in 2018 on average were more than 80%. Meeting resume in 2018 is as follows:

Date Agenda Resolution Execution Attendance
Board of Commissioners Board of Directors
FOW IW EHL AD LKC LA HT LP RT PHS SS
01-Jan-2018
  • Consolidated Financial Statements for year 2017
  • Business update Q4-2017
  • Authorized the Consolidated Financial Statement for year 2017
  • Received the recommendation from the Board of Commissioners to
  • schedule the members of the Board of Commissioners and the Audit Committee to conduct a site visit to the Kendari-3 PLTU IPP
  • The resolution had been executed
  • The resolution had been executed
  • The resolution had been executed
30-Jan-2018
  • Business update December 2017
  • Mapower requirements
  • Project Financing Facility
  • Report on the execution of duties and responsibilities of the Corporate Secretary for December 2017
  • Received updates on the operations of subsidiaries, progress and realization of the PLTU IPP project development budget
  • Requested HR team to meet subsidiaries’ manpower requirements
  • Requested the banking relation team to hold discussion with financial institution
  • Accepted report on the execution of duties and responsibilities of the Corporate Secretary

 

  • The resolution had been executed
  • The resolution had been executed
  • The resolution had been followed up
  • The resolution had been executed
31-Jan-2018
  • Business update June 2018
  • Manpower allocation
  • Training of employees
  • Report on the execution of duties and responsibilities of the Corporate Secretary for June 2018
  • Requested IPP PLTU team to ensure that the progress of IPP PLTU construction could run according to a predetermined schedule
  • Requested multimedia team to pay attention to the strategy
  • of increasing the penetration of the multimedia business and improving the quality of customer service
  • Requested HR team to coordinate the
  • allocation of manpower for the operation of
  • IPP PLTU
  • Requested HR team to coordinate training and workshops for IPP PLTU employees
  • Accepted report on the execution of duties and responsibilities of the Corporate Secretary

 

 

  • The resolution had been followed up
  • The resolution had been
  • The resolution had been followed up
  • The resolution had been executed

 

 

28-Feb-2018
  • Business update January 2018
  • Training of employees
  • SAP Program
  • Report on the execution of duties and responsibilities of the Corporate Secretary for January 2018 
  • Requested the operational team to schedule separate meeting to discuss, among others, performance 2017 and budget plan 2018
  • Requested HR Team to conduct internal training of employees in power business on a regular basis
  • Requested SAP team to benchmark the system with other companies
  • Accepted report on the execution of duties and responsibilities of the Corporate Secretary

 

  • The resolution had been executed
  • The resolution had been followed up
  • The resolution had been executed
  • The resolution had been executed

 

19-Mar-2018
  • Business update February 2018
  • Performance evaluation for power business
  • Financing facilities
  • Financial position of the Company
  • Report on the execution of duties and responsibilities of the Corporate Secretary for February 2018
  • Requested multimedia team to formulate marketing strategy
  • Requested HR to improve the performance evaluation system for power business
  • Requested banking relations team to prepare alternative funding for the Company's new projects
  • Accepted report on the Company's financial position
  • Accepted report on the execution of duties and responsibilities of the Corporate Secretary
  • The resolution had been followed up
  • The resolution had been followed up
  • The resolution had been followed up
  • The resolution had been followed up
  • The resolution had been followed up
25-Apr-2018
  • Business update February 2018
  • Division meetings
  • Report on the execution of duties and responsibilities of the Corporate Secretary for March 2018
  • Received updates on the operations of subsidiaries, progress and realization of the PLTU IPP project development budget
  • Requested HR team to prepare plan for the implementation of monthly division meetings
  • Accepted report on the execution of duties and responsibilities of the Corporate Secretary
  • The resolution had been executed
  • The resolution had been executed
  • The resolution had been executed
25-May-2018
  • Interim Consolidated Financial Statements Q1-2018
  • Business update Q1-2018

 

  • Approved the issuance of Interim Consolidated Financial Statement for Q1-2018
  • Accepted the recommendation to improve multimedia business services
  • The resolution had been executed
  • The recommendation had been followed up

 

30-May-2018
  • Business update April 2018
  • Financial position of the Company
  • Report on the execution of duties and responsibilities of the Corporate Secretary for April 2018

 

  • Received updates on the operations of subsidiaries, progress and realization of the PLTU IPP project development budget
  • Requested multimedia team to focus on the quality of customer service
  • Requested separate meeting to discuss cash position and financial management of the company
  • Accepted report on the execution of duties and responsibilities of the Corporate Secretary
  • The resolution had been executed
  • The resolution had been executed
  • The resolution had been executed
  • The resolution had been executed
     
03-Jul-2018
  • Business update May 2018
  • Orientation of Employees
  • Report on the execution of duties and responsibilities of the Corporate Secretary for May 2018

 

  • Received updates on the operations of subsidiaries, progress and realization of the PLTU IPP project development budget
  • Requested HR team to orient the site power plant employees to enable employees
  • to understand the company's values
  • Accepted report on the execution of duties and responsibilities of the Corporate Secretary

 

 

  • The resolution had been followed up
  • The resolution had been executed
19-Jul-2018
  • Business Update Q2-2018
  • Accepted the business update report for Q2-2018

The resolution had been executed

31-Jul-2018
  • Business update June 2018
  • Manpower allocation
  • Training of employees
  • Report on the execution of duties and responsibilities of the Corporate Secretary for June 2018

 

  • Requested IPP PLTU team to ensure that the progress of IPP PLTU construction could run according to a predetermined schedule
  • Requested multimedia team to pay attention to the strategy of increasing the penetration of the multimedia business and improving the quality of customer service
  • Requested HR team to coordinate the allocation of manpower for the operation of IPP PLTU
  • Requested HR team to coordinate training and workshops for IPP PLTU employees
  • Accepted report on the execution of duties and responsibilities of the Corporate Secretary
  • The resolution had been followed up
  • The resolution had been
  • The resolution had been followed up
  • The resolution had been executed
24-Aug-2018

Interim Consolidated Financial Statements Q2-2018

  • Approved the issuance Interim Consolidated Statement for executed Q2-2018

        

  • The resolution of had been Financial 
28-Oct-2018
  • Interim Consolidated Financial Statements Q3-2018
  • Business update Q3-2018

 

  • Approved the issuance of Interim Consolidated Financial Statement for Q3-2018
  • Accepted report on business activities Q3-2018
  • The resolution had been executed
  • The resolution had been executed
13-Dec-2018
  • Budget and work plan 2019
  • Key Performance Indicator 2019

 

  • Approved the Company’s draft budget and work plan for the Board of Commissioners for 2019
  • Approved the Key Performance Indicators of the Company for 2019
  • The resolution had been executed
  • The resolution had been executed
Total attendence 6/6 5/6 5/6 6/6 12/12 12/12 12/12 5/6 4/7 1/5 7/11
100% 83% 83% 100% 100% 100% 100% 83% 57% 20% 64%

Notes:

       Join Meeting

  • FOW : Franky Oesman Widjaja
  • IW : Indra Widjaja
  • EHL : Dr. -Ing. Evita H. Legowo
  • LKC : L. Krisnan Cahya
  • LA : Lanny
  • HT : Hermawan Tarjono
  • LP : Lokita Prasetya
  • AD : Ardhayadi
  • RT : Rudy Tjahjana
  • PHS : Priono Hari Saptawan
  • SS : Dr. Susi Susantijo, S.H., LL.M