Quorum requirements for shareholder and board meetings
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Indonesia
Limited liability company
The quorum for a shareholders' meeting depends on the agenda for the meeting. The quorum may be at least or more than 1/2, 2/3, or 3/4 of all of the issued shares with valid voting rights depending on the nature of the resolutions to be passed and as stipulated under the company’s articles of association. If the quorum for the 1st meeting is not met, a second meeting may be held with a different quorum, depending on the agenda for the meeting.
The Indonesian Company Law does not set the quorum for meetings of the board of directors or the board of commissioners. These may be stipulated in the company's articles of association.
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