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Government Regulation of the Republic of Indonesia No. 47 of 2012 on Social and Environmental Responsibility of Limited Liability Company.

Country
Type of law
Regulation
Source

Abstract
This Government Regulation, consisting of 9 articles, implements the provisions of Law No. 40 of 2007 regarding Limited Liability Company. It aims at realizing sustainable economic development to improve the quality of life and environment that benefit the local community and society in general as well as the Company itself in order to establish a harmonious, balanced and environmentally compatible corporate relationship, values, norms, and culture of local communities. The General Meeting of Shareholders (GMS) is an organ of the Company which has authority not authorized to the Board of Directors or Board of Commissioners within the limits specified in above mentioned Law on Limited Liability Company. The Board of Directors is a competent corporate organ and fully responsible for the maintenance of the Company for the benefit of the Company, in accordance with the purposes and objectives of the Company and to represent the Company. The Board of Commissioners shall be the organ of the Company which is in charge of surveillance in accordance with the articles of association and advises the Board of Directors. Social and environmental liability as referred to in Article 2 shall be an obligation for the Company conducting its business activities in the field and / or relating to natural resources under the Law. The obligations referred to are carried out both within and outside the Company.
Date of text
Repealed
No
Serial Imprint
State Gazette of the Republic of Indonesia No. 89 of 2012.
Source language

English

Legislation Amendment
No