Indonesian public companies’ general meetings of shareholders go electronic!

29 June 2020

On 21 April 2020, the Indonesian Financial Services Authority (“OJK”) issued the following regulations:

• OJK Regulation No.15/POJK.04/2020 on The Planning and Holding of General Meetings of Public Companies (“POJK 15/2020”); and
• OJK Regulation No.16/POJK.04/2020 on The Implementation of Public Companies’ Shareholders’ General Meetings Electronically (POJK16/2020),

The above regulations aim to improve the effectiveness, efficiency and now public safety (in light of the Covid-19 crisis) of public company shareholders’ general meetings by enabling electronic systems’ usage. POJK 15/2020 supersedes OJK regulation No.32/POJK.4/2014 of 2014 (as amended), which used to regulate public company general meetings (POJK 32/2014).

This is an extract of an article by Soemadipradja & Taher, an Indonesian law firm with which Allen & Gledhill has a strategic alliance. To read the full article from the Soemadipradja & Taher website www.soemath.com, please click here.