Page 87 - XL Axiata Integrated Anual Report 2020 ENG

2020 Integrated Annual Report
85
GMS Implementation
5 working days*
Stages of GMS Implementation XL Axiata
21 days***
GMS
Invitation GMS
Notification to OJK on GMS Agenda
GMS Announ- cement
14 days**
GMS Minutes submission to OJK
30 days
announce- ment of summary of minutes of GMS
* By excluding GMS announcement date
** By excluding announcement date and invitation date *** By excluding invitation date and GMS date
The Company’s Efforts in Encouraging Shareholder Participation
XL Axiata grants the Shareholder access to information and materials related to the GMS in the Company’s website. Materials related to the agenda to be discussed in the GMS are also available at the Company’s office during working hours every working day from the date of the GMS Invitation.
GMS Code of Conduct
The GMS Code of Conduct is distributed and explained before the GMS that include explanations of meeting leader, meeting agenda, and voting mechanism and procedures in the GMS.
GMS Quorum
The GMS quorum refers to the following Articles of Association and Regulations.
GMS Quorum Table on Corporate Action
No. Condition
1. Amendments to the AoA
2. Buy Back of Shares
3. Increasing Authorized Capital
4. Increasing Issued and Paid-up Capital
5. Approval of Annual Report and Ratification of Financial Statements
6. The utilization of net profits
7. The discharge of a member of the BOD
8. The takeover of the Company’s Management by the BOC
9. Transfer or collateralize/ pledge of the
Company’s assets by 50% of the Company’s net worth or more
First GMS Second GMS Attendance Approval Attendance Approval
>1/2 2/3 3/4 Simple >2/3 >3/4 1/3 2/3 3/5 Simple 2/3 >3/4 Majority Majority
2 working days
XXxX XXXX XXXX
XXXX
X XXX
X XXX X XXX
X XXX
X X X
X
TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION
PT. XL AXIATA TBK