Legal Preventive Program 2024 – Implementation of Strategic Holding Policies to Subholdings/Publicly Listed Subsidiaries from the Perspective of Capital Market Regulations
We are thrilled to announce that our Senior Partner, Ahmad Zakaria, had the honor of being invited as a distinguished speaker at the Legal Preventive Program 2024, hosted by the Legal Counsel of PT Pertamina (Persero) in collaboration with the Legal Counsel & Compliance of PT Perusahaan Gas Negara Tbk. Themed “Implementation of Strategic Holding Policies to Subholdings/Publicly Listed Subsidiaries from the Perspective of Capital Market Regulations,” this exclusive event aimed to deepen the understanding of legal counsel regarding the nuanced management of relationships between holding companies and their publicly listed subsidiaries, compared to privately held ones.
During his session, Ahmad Zakaria delivered an insightful presentation on the intricate dynamics of holding-subsidiary relationships, highlighting principles such as the Business Judgement Rule, Separate Entity, and Limited Liability. He delved into the complexities of managing relationships with publicly listed subsidiaries, emphasizing compliance with capital market regulations, including Affiliated Transaction, Material Transaction, Conflict of Interest Transaction, and insider information management. The presentation was enriched with real-world cases faced by other State-Owned Enterprises (SOEs), shedding light on the challenges and best practices in this domain.
The event was marked by the participants’ enthusiasm, active engagement, thought-provoking questions, and valuable feedback. We are confident that Ahmad’s presentation will equip legal counsel with the knowledge and tools to adeptly navigate the complexities of managing holding company relationships with publicly listed subsidiaries in the future.
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