Document background
A Board Resolution For Performance Evaluation is a crucial corporate governance document used by Indonesian companies to establish formal procedures for assessing board member and executive performance. This document becomes necessary when companies need to implement or update their performance evaluation systems in compliance with Law No. 40/2007 and OJK regulations. It typically includes detailed evaluation criteria, assessment methodologies, timelines, and reporting requirements. The resolution serves multiple purposes: ensuring accountability, promoting transparency, supporting succession planning, and demonstrating compliance with Indonesian corporate governance requirements. It's particularly important for public companies and regulated entities that must maintain robust governance frameworks and report on board effectiveness to stakeholders.
