Kit: Board paper from divisional inputs (Proyek Kutub acquisition)
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FICTIONAL DEMO DATA. Not a real document. Any resemblance to real organisations or people is coincidental.

Scenario: https://hmarofiq.github.io/copilot-scenarios-asean/scenarios/gov-board-paper-013/

CONTENTS
  - 01_Email_CorSec_Proyek_Kutub.docx: the Corporate Secretary's request and rules
  - 02_Template_Usulan_Keputusan_Direksi.docx: the board paper template with section owners (open this one in Word)
  - 03_Input_Strategy_Proyek_Kutub_v2.docx, 04_Input_Keuangan_Proyek_Kutub_v3.docx, 05_Input_Legal_Pajak_Proyek_Kutub.docx, 06_Input_Operasi_Proyek_Kutub.docx, 07_Input_Risiko_Proyek_Kutub_v1.docx: the five divisional inputs
  - Human Capital has not submitted (on purpose).

SETUP (demo tenant only, never a customer or production tenant)
  1. Upload all files to one OneDrive folder in a demo or test tenant and open each once.
  2. Apply a non-encrypting sensitivity label if your tenant asks for one.
  3. Make a copy of the template before each run.

PRESENTER ANSWER KEY (what the seeded data should surface)
  - Price: EV IDR 1905 bn - net debt 205 = equity 1700; 60% = IDR 1020 bn. Strategy's "Rp1,9 triliun" is the 100% EV, not a conflict.
  - Real conflict: EBITDA 2025 audited 214 (Finance) vs 238 (Operations, management accounts). The gap 24 equals the Medan land gain in the Legal/Tax input. Mark [KONFLIK].
  - Stale input: Risk input (4 September 2026) uses the LOI price 940 (ratio 19.58%, "not material") and 100% internal funding; superseded by Finance (2 Oktober 2026): 1020, 21.25%, 40% cash / 60% loan.
  - Materiality: 21.25% of equity, material under POJK 17/2020 (appraiser and disclosure); RUPS approval not required: 21.25% is below 50% of equity and the fairness opinion says fair.
  - [PERLU KONFIRMASI]: 7 Dampak terhadap SDM (Human Capital has not submitted; Operations mentions headcount but does not own the section).
  - Outside remit: Operations says KPPU approval is needed before signing; Legal (the owner) says post-completion notification within 30 working days. Follow Legal; flag the difference.
  - Conflict of interest: Ibu Laras Pratiwi, Komisaris Independen sits on the investment committee of Blue Yonder Capital Fund II: conflict of interest (POJK 42/2020 procedures), she must not take part in the Dewan Komisaris approval.
  - Resolution must carry all 5 conditions precedent: (1) Persetujuan Dewan Komisaris ZGLD sesuai Anggaran Dasar (Komisaris Independen yang memiliki benturan kepentingan tidak ikut memberikan persetujuan). (2) Persetujuan tertulis pemegang saham utama PT Zava Logistik Nusantara sesuai Anggaran Dasar ZGLD untuk penyertaan di atas Rp500 miliar. (3) Persetujuan pemilik lahan (PT Litware Properti) atas perubahan pengendalian untuk sewa gudang berpendingin Cikarang. (4) Sertifikat CDOB (Cara Distribusi Obat yang Baik) rantai dingin dari BPOM milik target diperpanjang dan berlaku pada tanggal penyelesaian (sertifikat saat ini berakhir 31 Oktober 2026). (5) Tidak terjadi perubahan merugikan yang material (no material adverse change) sampai tanggal penyelesaian.
  - Approvals and filings: Dewan Komisaris ZGLD; PT Zava Logistik Nusantara as majority shareholder; Independent appraiser report and fairness opinion (material transaction, POJK 17/2020); Public disclosure after signing (POJK 17/2020; material information rules as amended by POJK 45/2024); KPPU notification within 30 working days after completion (not a condition precedent).
