Indonesia on Shareholders

In Indonesia, the term "piercing the corporate veil" is commonly recognized as Corporate Law Doctrine. This doctrine serves as a basis for the protection of the company from any legal actions...

As mandated under Law Number 4 of 2023 on Development and Strengthening of the Financial Sector ("P2SK Law") the insurance industry, the Government requires, among others; minimum capital, sharia industry spin-offs.

Given that the BOD is vested with the authority to conduct the management of the company, all decisions related to the company's management fall under the purview of the BOD.