GMS (General Meeting of Shareholders)
The Company Organ that has the authority not given to the Board of Directors or Board of Commissioners within the limits stipulated in the law and/or articles of association.
1What is GMS?
GMS is the highest decision-making forum in a Limited Liability Company (PT). In this meeting, shareholders have the right to determine the direction of company policy, appoint or dismiss directors and commissioners, approve financial reports, and decide on dividend distribution.
Real Example
"PT Maju Bersama held an Annual GMS in May to approve last year financial report and decide on a 20% dividend distribution."
Frequently Asked Questions (FAQ)
Are Individual PTs required to hold a GMS?
No. Since an Individual PT only has 1 shareholder, decisions can be made directly via a Shareholders Decision document.
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