A. Annual GMS
In 2020, the Company has held the Annual GMS in accordance with the laws and regulations, namely the Annual GMS for the 2019 Fiscal Year and has made a Notary Deed of the implementation of the Annual GMS. Throughout the year, Pertamina has implemented the results of the GMS and thus no GMS decisions have not been realized as of December 31, 2020.
I. Annual GMS 2019 Fiscal Year Report
- GMS Agenda
|1.||Agenda 1||Annual Report Approval including the Ratification of the Company’s Financial Statements accompanied by the Provision of Full Settlement and Release of Liability (volledig acquit et de charge) to the Board of Directors and the Board of Commissioners|
|2.||Agenda 2||The proposal to determine the use of profit for the 2019 financial year.|
|3.||Agenda 3||Proposing and determining the appointment of a Public Accounting Firm (KAP) for the 2020 Fiscal Year.|
|4.||Agenda 4||Proposal and Determination of Performance Award (Tantiem) to the Board of Directors and Board of Commissioners for Fiscal Year 2019.|
|5.||Agenda 5||Proposal and Determination of Remuneration for the Board of Directors and Board of Commissioners for the Financial Year 2020.|
- Summary of Minutes of GMS:
The results of the GMS Resolutions for the 2019 Fiscal Year of PT Pertamina EP Cepu between the Shareholders, the Board of Commissioners, and the Board of Directors are contained in a circular GMS Resolution regarding the 2019 Annual General Meeting of Shareholders dated June 29, 2020 and ratified in Deed No. 41 dated 17 July 2020 regarding the 2019 Annual General Meeting of Shareholders held by Marianne Vincentia Hamdani, SH., where the Shareholders approved and ratified the entire agenda of the 2019 Annual Report of the GMS.
- Important date information
|Important date information|
|1.||Tanggal Surat Permohonan RUPS||27 Maret 2020|
|2.||Circular GMS Date||29 Juni 2020|
|3.||Announcement of Summary of GMS Minutes||29 Juni 2020|
B. Extraordinary GMS
In 2020, the Shareholders of the Company have taken the decisions of the shareholders in lieu of the Extraordinary GMS (Circular Decisions) 12 (twelve) times. Based on Article 91 of Law no. 40/2007 concerning Limited Liability Companies and SOE Ministerial Decree no. Per-01/MBU/2011, the decisions taken in this way are valid and binding on all shareholders, the Company and the parties listed in the decision.