As stated in Indonesia’s Company Law, the corporate structure of a limited liability company consists of the following: Shareholders Board of Commissioners Board of Directors Shareholders own the company. Meanwhile, commissioners and [...]
The role of Board of Commissioners is collectively supervising the management of the Company, providing input concerning policies of the Company's management created by the Board of Directors. The Board of Commissioners [...]
The board of commissioners not only sets policy but is also responsible for its implementation. Commissioners are the chief executives of the county organization. The executive role of a commissioner varies greatly [...]
Liquidate means a formal closing down by a liquidator when there are still assets and liabilities to be dealt with. Dissolving a company is where the business is struck off the register [...]
Once a company goes into liquidation, creditors holding personal guarantees will pursue the directors to pay the outstanding company debt. The creditors that will almost always have a personal guarantee include, a [...]
If you have been doing business as a corporation or limited liability company, you need to officially dissolve your entity so that you are no longer liable for business taxes or filings [...]
When you dissolve a limited company, whether through Members' Voluntary Liquidation (MVL) or voluntary strike-off, any debts that are still owed must be repaid. Members' Voluntary Liquidation is administered by a licensed [...]
Indonesia has a market-based economy in which the government plays a significant role, including administering prices for some basic goods such as fuel, rice and electricity. In terms of value added, the [...]
In the case of Indonesia, corruption in the country is likely to be facilitated by a number of factors, such as large amounts of public resources derived from natural resources, vested interests [...]
Transparency International's 2020 Corruption Perception Index ranks the country 102th place out of 180 countries, dropped from 96 the previous year. There are two key areas in the public sector in which [...]
