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General Meeting of Shareholders’ Quorum: How many votes do you need to get a resolution approved?

General Meeting of Shareholders’ Quorum: How many votes do you need to get a resolution approved?

General Meeting of Shareholders (“GMS”) is listed among the three organs in an Indonesian limited liability company. It possesses distinct power and authority that are not granted to the other company’s organ: the Board of Directors (“BOD”) and Board of Commissioner (“BOC”). In exercising its authority, the GMS must pass resolutions that require a specific mandatory quorum.

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