CIMB Niaga upholds Good Corporate Governance practices beyond compliance and good-governing.
As per 31 December 2018, there were no institutional shareholders with shares above 5% with CIMB Niaga shares other than CIMB Group Sdn Bhd, which is the controlling shareholder of the Bank. However, CIMB Niaga still guarantees the rights of the shareholders as stipulated in Article 11 Paragraph 3. of the Articles of Association, that shareholders whether individually or jointly representing at least 1/10 of the total number of shares with valid voting rights, may propose agenda items to the GMS, including in this case nominations to the Board of Directors and Board of Commissioners of the Bank.
The Shareholder composition as per 31 December 2018 as follow:
Group of Shareholders with less than 5% shares in 2018 consists of 21,271 (twenty one thousand two hundred seventy one) shareholders of both institution and individual shareholders. Group of Shareholders with less than 5% shares classified as individual and institution for both local and international as follow:
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