Change Director Commissioner Indonesia

Indonesia Board Change Process

Changing a director or commissioner in Indonesia involves a few key steps:

1. Shareholder Decision: The shareholders of the company need to approve the change through an Extraordinary General Meeting of Shareholders (GMS) or a vote by way of a shareholder circular.

2. Notary Deed: A public notary will notarize the GMS decision to make it legally binding.

3. Amendment of Company Data: The company's data, including the composition of the Board of Directors (BOD) and Board of Commissioners (BOC), needs to be updated.

4. Amendment of Licenses and Registrations: Any company licenses that mention the resigning director will need to be updated to reflect the change.

Additional Considerations:

• Appointment of New Director or Commissioner: The process often involves appointing a new individual to fill the vacant position.

• Removal of Existing Director or Commissioner: If the change involves removing an existing member of the BOD or BOC, specific procedures may apply.

Helpful Resources:

• Bestar: https://www.bestar-asia.com/post/directors-duties-indonesia-handbook

• Bestar: https://www.bestar-asia.com/post/indonesia-guides-director-roles-duties

• Bestar: https://www.bestar-asia.com/post/corporate-governance-in-indonesia-change-of-directors-and-commissioners-1

The specific procedures and requirements may vary depending on the company's structure, size, and industry.

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