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The Companies Act, 2013 is drafted taking into consideration the noteworthy inputs and contribution that an Independent Director can bring in to the business. Section 149(6) of the act stipulates the criteria for a candidate that ensures highest standards of integrity, while also preventing any conflict of interest.
Responsibilities can include: Elaborate business development plans, design and implement processes to support business growth, through customer and market definition. Facilitate business growth by working together with clients as well as business partners (suppliers, subcontractors, JV partners, technology providers, etc.).
On 15 May 2023, President Joko Widodo signed into law Government Regulation No. 27/2023, which detailed rights granted to the authority. Save for powers reserved for central government (namely, foreign policies, defense and security, legislation, national fiscal and monetary affairs, and religious affairs), the authority is granted special autonomy for: [12] [13]
The Indonesian Chamber of Commerce and Industry (Indonesian: Kamar Dagang dan Industri Indonesia) or Kadin is an association of business organisations in Indonesia.Members of this organisation consist of entrepreneurs or a combination of national businesses from various sectors, both private-owned enterprises, cooperatives and government-owned enterprises.
The term kota (city) has been implemented to substitute kotamadya since the post-Suharto era in Indonesia. [10] Kota is headed by a mayor (walikota), who is directly elected via elections to serve for a five-year term, which can be renewed for one further five-year term. Each kota is divided further into districts, more commonly known as kecamatan.
Business development is the creation of long-term value for an organization from customers, markets, and relationships. [2] Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of 'developing' the business in some way.
The idea here is that markets can create their own successes or failures merely through the belief of investors. So, if investors continue to fund a money-losing business through tough times, they ...
GRP Nominal is the regional or provincial counterpart of the national gross domestic product, the most comprehensive measure of national economic activity.The Statistics Indonesia (Badan Pusat Statistik) derives GRP for a province as the sum of the GRP Nominal originating in all the industries in the province at current prices market.