AGM Agrees to Board Reshuffle to Strengthen Corporate Governance
PT Bank JTrust Indonesia Tbk (J Trust Bank) officially held its Annual General Meeting of Shareholders (AGM) for the 2025 financial year in Jakarta on Tuesday (30/6). During the meeting, shareholders approved all agenda items, including changes to the management composition and the strengthening of the corporate governance structure. Several strategic decisions ratified included the approval of the Annual Report and Financial Statements for the 2025 financial year, amendments to the Articles of Association, the appointment of a Public Accountant, the determination of management remuneration, and a reshuffle of the Board of Directors and Board of Commissioners.
J Trust Bank President Director, Ritsuo Fukadai, asserted that the AGM was an important moment for the Company to obtain a mandate in managing the bank, as well as to evaluate the performance of the Board of Directors and the supervisory function of the Board of Commissioners. This step also represents a commitment to information transparency for investors. ‘2025 was a period that demanded discipline from the Company. We chose not to pursue aggressive growth, but rather to strengthen the business foundation through governance, internal control, asset quality, and more measured risk management,’ said Ritsuo.
During the AGM, shareholders approved the end of R. Djoko Prayitno’s term as Director. As his replacement, the meeting appointed Raja Pardede to fill the position of Director of the Company. The appointment of Raja Pardede will become effective after he is declared to have passed the fit and proper test by the Financial Services Authority (OJK) and fulfils applicable regulatory provisions. This change is expected to strengthen management capacity in facing business challenges and the company’s future transformation.
Furthermore, shareholders agreed to amend the Articles of Association regarding the extension of the term of office for members of the Board of Commissioners from three years to four years. This policy aims to maintain the continuity of the supervisory function in overseeing long-term business strategy. Facing economic dynamics, J Trust Bank continues to prioritise strengthening fundamentals and portfolio quality. The Company also affirmed its commitment to sustainable finance principles through the development of green financing and corporate social responsibility (CSR) programmes integrated with environmental, social, and governance (ESG) aspects. Ritsuo added that support from all stakeholders, from regulators to customers, is the main capital for maintaining competitiveness. ‘Going forward, we will maintain execution discipline, strengthen efficiency, and ensure business growth remains within the corridor of sound governance and risk management,’ he concluded.