Danamon’s Annual and Extraordinary General Shareholders’ Meeting

Jakarta, 20 March 2018. PT Bank Danamon Indonesia Tbk (“Company”) held its Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of Shareholders (EGMS) today.

The AGMS, among others, approved the Company’s annual report and financial statements for the 2017 financial year, the Company’s dividend payment and changes in the Board of Commissioners and Board of Directors composition. The EGMS that followed, approved the Acquisition Plan for the Company’s shares by the Bank of Tokyo Mitsubishi UFJ, Ltd., changes in Articles of Association, and the Company’s Recovery Plan.

Approval of 2017 Annual Report and Financial Statements

The Company booked Net Profit After Taxes (NPAT) of IDR 3.7 trillion in 2017, which is a 38% growth as compared to a year earlier. The AGMS approved the Company’s annual report and financial statements for the 2017 financial year as well as the ratification of the Annual Supervisory Report of the Company’s Board of Commissioners for the year ended 31 December 2017

Dividend Payout of 35% from 2017 NPAT

The AGMS approved a dividend payment of 35% of the Company’s consolidated NPAT for 2017 or IDR 134.44 per share. Meanwhile, 1% of the profit will be set aside as general reserve in accordance to Indonesian Limited Company Law. The remaining profit will be recorded as retained earnings adding to the Company’s capital.

Changes at BOC and BOD

In addition, the AGMS accepted the resignation of Vera Eve Lim as Director. The AGMS also approved the appointments of Takayoshi Futae as Commissioner and Peter Benyamin Stok as Independent Commissioner. At the Board of Directors level, the AGMS approved the appointment of Michellina Triwardhany as Vice President Director, Yasushi Itagaki as Director, and Dadi Budiana as Director. For the Syariah Supervisory Board, the AGMS approved the appointment of Drs. Asep Supyadillah, M.Ag as a Member. The Board of Commissioners; the Board of Directors; and Syariah Supervisory Board composition will be as follows:

Board of Commissioners

  1. Ng Kee Choe as President Commissioner
  2. Prof. Dr. J.B. Kristiadi Pudjosukanto as Vice President Commissioner (Independent)
  3. Gan Chee Yen as Commissioner
  4. Manggi Taruna Habir as Commissioner (Independent)
  5. Ernest Wong Yuen Weng as Commissioner
  6. Made Sukada as Commissioner (Independent)
  7. Takayoshi Futae as Commissioner*
  8. Peter Benyamin Stok as Commissioner (Independent)*

 

Board of Directors

  1. Sng Seow Wah as President Director
  2. Michellina Laksmi Triwardhany as Vice President Director **
  3. Herry Hykmanto as Director
  4. Satinder Pal Singh Ahluwalia as Director
  5. Adnan Qayum Khan as Director
  6. Heriyanto Agung Putra as Director
  7. Rita Mirasari as Director (Independent)
  8. Yasushi Itagaki as Director*
  9. Dadi Budiana as Director *

 

Syariah Supervisory Board

  1. Prof. DR. HM Din Syamsuddin as Chairman
  2. Dr. Hasanudin M. Ag. as Member
  3. Drs. Asep Supyadillah, M.Ag, as Member*


*Effective immediately after today’s AGMS until the next AGMS in 2020, after fulfilling all the governing regulations.
** Effective immediately after today’s AGMS until the next AGMS in 2020.



The addition of new members to the Company’s management team further strengthens Bank Danamon’s leadership, as it draws from the expertise of seasoned professionals with international and regional banking experience.
The AGMS also appointed Mr. Jusuf Wibisana as the Public Accountant and Tanudiredja, Wibisana, Rintis & Partners (member firm of the PricewaterhouseCooper International Limited) as Public Accounting Firm that duly registered with the Financial Services Authority (OJK), to audit the Company’s financial report for the 2018 financial year, taking into account the recommendation from the Audit Committee.

Extraordinary General Meeting of Shareholders 

Meanwhile, the Extraordinary General Meeting of Shareholders (EGMS) approved the acquisition plan for the Company’s shares by the Bank of Tokyo Mitsubishi UFJ, Ltd as described in the Summary of Acquisition Plan that was published in the newspapers on 26 January 2018. The EGMS also approved the Bank’s Recovery Plan in compliance with OJK regulation. The Recovery Plan is to ensure that systemic banks have established credible and feasible recovery options. Moreover, the EGMS approved changes in one article of the Company’s Articles of Association and the restatement of all articles in the Company's Articles of Association.

Profile of New Appointees in Board of Commissioners, Board of Directors, and Syariah Supervisory Board

Takayoshi Futae
*Commissioner 
Japanese citizen; Age 57; Domiciled in Singapore; Senior Managing Executive Officer & Chief Executive Officer for Asia & Oceania The Bank of Tokyo-Mitsubishi UFJ, Ltd., a member of Mitsubishi UFJ Financial Group (MUFG).

Peter Benyamin Stok
*Independent Commissioner 
Indonesian citizen; Age 68; Domiciled in Indonesia; Former President Director of Bank Niaga and President Commissioner of Bank Negara Indonesia.

Michellina Laksmi Triwardhany
**Vice President Director
Indonesian citizen; Age 51; Domiciled in Indonesia. Director Bank Danamon Indonesia (2009 – Present)

Dadi Budiana
*Director 
Indonesian Citizen; Age 51; Domiciled in Indonesia; Chief Credit Officer Bank Danamon (2017 – Present)

Yasushi Itagaki
*Director 
Japanese citizen; Age 53; Managing Executive Officer, Deputy Chief Executive, Global Business Unit The Bank of Tokyo-Mitsubishi UFJ, Ltd, a member of Mitsubishi UFJ Financial Group (MUFG).

Drs. Asep Supyadillah, M.Ag
*Member for Syariah Supervisory Board
Indonesian Citizen; Age 50; Domiciled in Indonesia. Lecturer at the Faculty of Religion and Vice Dean II of Muhammadiyah University of Jakarta (2008-present) and Deputy Secretary of Daily Implementation Board (BPH) National Syariah Council MUI (2015-2020). 

*Effective immediately after today’s AGMS until the next AGMS in 2020, after fulfilling all the governing regulations.
** Effective immediately after today’s AGMS until the next AGMS in 2020.


For complete profiles of the new appointees, please visit here


MOST POPULAR