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In Indonesia, the size, composition and procedures for the appointment, replacement and dismissal of the board of directors (BOD) and board of commissioners (BOC) are determined in the articles of association (AOA) of the company.

As a general rule in Indonesia, the appointment of a member of the board of directors (BOD) is conducted through a general meeting of shareholders (GMS), in accordance with Article 94, paragraph 1 of the Company Law.

印尼是全球人口第四大国家，共有2.7亿人口，亦是全球购买力第十大的经济体，并以丰富的天然资源成为G-20国家之一。印尼的国内经济正在增长ʌ

Indonesia adopts a two-tier board system comprising the board of directors (BOD) and the board of commissioners (BOC).

In its forthcoming newsletter, CONSULEGIS International Litigation & Arbitration Specialist Group presents a series of short overviews of various jurisdictions legal views on when, based on company law, is a director personally liable for their actions.

A Q&A guide to corporate governance law in Indonesia

The Indonesian Capital Markets and Financial Institutions Supervisory Agency ("Bapepam-LK") issued new regulations on Material Transactions ("Material Transactions Rules") on 25 November 2009 and on Affiliated Transactions and Conflict of Interest (the "COI Rules") on 29 November 2009.

Companies in Indonesia must have at least one director, except for specific companies whose business relates to the collection or management of public funds...

Commissioners of Indonesian limited liability companies actually have a lot of potential liability pursuant to the provisions of Law No. 40 of 2007 concerning Limited Liability Companies ("Company Law").

Directors of Indonesian limited liability companies actually have a lot of potential liability pursuant to the provisions of Law No. 40 of 2007 concerning Limited Liability Companies.

After almost a two-decades-long wait, President Joko Widodo finally issued a government regulation on state-owned enterprises. Issued on 8 June 2022, Government Regulation No. 23 of 2022...

A new regulation may discourage companies from hiring foreign workers or appointing foreign directors and commissioners.

Given that the BOD is vested with the authority to conduct the management of the company, all decisions related to the company's management fall under the purview of the BOD.

The Government of Indonesia recently issued Government Regulation No. 23 of 2022, which amended Government Regulation No. 45 of 2005 on Establishment, Management, ...

In an effort to strengthen the governance framework for commercial banks, Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") issued Circular Letter No. 14/SEOJK.03/2025...

This article is the third in CNPUpdate's series on Indonesia Investment Updates, and aims to provide you with a general overview of the laws and regulations governing foreign investments

Indonesia is taking significant steps toward improving corporate governance. The lessons learnt from the Asian financial crisis of 1997-98 and the global financial crisis of 2007 were critical in initiating these reforms.