Secretaries for listed firms

Secretaries for listed firms

JAKARTA (JP): The Capital Market Supervisory Agency is
requiring all publicly listed companies to appoint corporate
secretaries before the end of this year.

The head of the capital market watchdog's law department, I
Nyoman Tjager, said yesterday that any listed company should
have a corporate secretary by Jan. 1, 1997 at the latest.

"The appointment of a corporate secretary is obligatory to
promote services to the investing public," he told members of the
association of publicly listed companies in a meeting.

He said that the corporate secretary will serve as a contact
person between a publicly listed company and the capital market
authority, as well as the investing public.

Nyoman also said that founders of listed companies -- or share
issuers -- should add the abbreviation "Tbk" at the end of their
companies' names in order to distinguish them from unlisted
firms.

"Tbk" is the abbreviation of "Terbuka", which means that the
company is publicly listed.(hen)