Monday, 30 July 2007 19:30:22
StockWatch (Jakarta) -
Shareholders of PT Bank Negara Indonesia Tbk (BNI) have approved in the EGM
today (30/7) the management's proposal to cancel the rights issue plan in order
to implement employee and management stock option plan (EMSOP) as decided in
the AGM on September 6, 2004.
"We will again propose to hold the rights issue next year," BNI vice president
Gatot M Suwondo said today after the company's EGM. He said the shareholders
have approved the stock allocation program through issuance of bonus shares for
employees, directors, commissioners, the sharia supervisory board, and the
commitee under the commissioners and the commissioners' secretary.
"Under the allocation program, the bank's president will receive a sum of 7.5
times higher than the monthly salary, the vice president 98% of the president's
portion, directors 90% each of the president's portion, while president
commissioner and vice president commissioner 40% and 38% each of president's
portion," Suwondo said.
On that occasion, the shareholders have approved the appointment of Effendi as
the new independent commisioner and accepted the resignation of Tjahjana
Tjakrawinata from the post of director. (dwi/bud)
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