Rights of Shareholders
BRI shares are categorized into 2 (two) types, namely Series A Dwiwarna shares and Series B shares. Series A Dwiwarna share is owned by the Republic of Indonesia and is non-transferable to any person. With the ownership of the Series A Dwiwarna share, the Government as the shareholder has the following privileges:
- The rights to approve in the GMS regarding the following matters:
- Approval of the changes of Articles of Association
- Approval of the changes of Capital
- Approval of the appointment and termination of members of the Board of Directors and Board of Commissioners
- Approval on alliance, merger, take-over, release, and divestment.
- Approval of the remuneration for members of the Board of Directors and Board of Commissioners.
- Approval on transfer of assets based on the Articles of Association requiring the GMS approval.
- Approval on equity investment and reduction of its percentage in other companies based on the Articles of Association requiring the GMS approval.
- Approval of the use of profits
- Approval on investments and long term financing for non operations based on the Articles of Association requiring the GMS approval.
- The rights to nominate Candidate Members of the Board of Directors and Board of Commissioners.
- The rights to propose the GMS agenda
- The rights to request and access the company documents, by such rights mechanisms in accordance with the Articles of Association.
In addition to the privileges owned by Series A Dwiwarna Shareholders, The Series A Shareholders and Series B Shareholders shall have the following same rights otherwise specified differently by the Articles of Association:
- Attend GMS either directly or through cast a vote. Each shareholder is entitled to be treated equally and to make a sound according to the type, classification and number of shares owned.
- Receive accurate and prompt information related to BRI with the principle of equality of information to all shareholders.
- Receive distribution of dividend and other forms of profit of BRI in proportion to total owned shares
- To receive remaining result from bank liquidation in the event of bankruptcy.
- Request a General Meeting of Shareholders by one or more shareholders of either share or jointly representing 1/10 (one ten) or more of the total shares issued by the Company with valid voting rights, in good faith, on the basis of the interests of the Company and does not conflict with the laws and regulations of the Company.
- Obtain comprehensive and accurate information on the GMS procedures requirement.
- File a lawsuit against the Bank for any loss resulting from the Bank’s acts that are considered unfair and irrational due to the resolutions of GMS, the Board of Directors and/or Board of Commissioners.
- Request for the Bank to purchase its shares with a fair price in the event that the shareholder disagree with the Company’s action/ corporate actions that cause such loss to the Shareholders or the Company.
- Attain corporate information from the Board of Directors and/ or Board of Commissioners at the GMS as far as the requested information is in line with the meeting agenda and does not contradict the Company’s interests.