Indonesia's BEI and OJK discuss strengthening capital market governance

Indonesian Vice House Speaker Sufmi Dasco Ahmad has met with officials from the Financial Services Authority (OJK) and the newly appointed board of directors of the Indonesia Stock Exchange (BEI) to discuss enhancing the governance of the capital market. The meeting focused on strengthening oversight and implementing integrity reforms to make the stock exchange more credible and competitive.

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This afternoon, we were visited by the Financial Services Authority, and the new management or directors of the Indonesia Stock Exchange. We have just had coordination and a long discussion on how the new OJK and the new Exchange directors can improve the exchange's governance for the better in the future.

Dasco highlighted the importance of coordination to ensure that improvements in capital market governance are optimally implemented. "This afternoon, we were visited by the Financial Services Authority, and the new management or directors of the Indonesia Stock Exchange. We have just had coordination and a long discussion on how the new OJK and the new Exchange directors can improve the exchange's governance for the better in the future," Dasco stated at the parliamentary complex in Senayan.

The Vice House Speaker also urged the OJK to reinforce its supervisory role to achieve better governance. "Therefore, we have conveyed to the OJK that supervision can also be better in the future, and we have reached several new agreements and common ground for better exchange governance going forward," he added.

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Therefore, we have conveyed to the OJK that supervision can also be better in the future, and we have reached several new agreements and common ground for better exchange governance going forward.

Friderica Widyasari Dewi, Chairperson of the OJK's Board of Commissioners, announced that seven new directors for the BEI have been selected after a thorough process involving 28 candidates who underwent fit and proper tests. She stressed that the OJK expects the new directors to commit to maintaining the continuity of integrity reforms in the capital market. "We all hope and also ask them to commit to giving their best for the future development of the stock exchange, prioritizing governance and continuing integrity reforms in the capital market," she said.

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We all hope and also ask them to commit to giving their best for the future development of the stock exchange, prioritizing governance and continuing integrity reforms in the capital market.

Jeffrey Hendrik, the newly appointed President Director of BEI for the 2026–2030 period, affirmed that the new board will continue the reform agenda. "As the directors of the Indonesia Stock Exchange for the 2026-2030 period, we will first, of course, continue the capital market reforms that we have been carrying out for the last 4 months, and then also our commitment to continue improving transparency, integrity, and governance at the Indonesia Stock Exchange," Hendrik stated. The BEI will also focus on deepening the market from both demand and supply sides to enhance the national capital market's competitiveness, aiming to become a world-class exchange.

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As the directors of the Indonesia Stock Exchange for the 2026-2030 period, we will first, of course, continue the capital market reforms that we have been carrying out for the last 4 months, and then also our commitment to continue improving transparency, integrity, and governance at the Indonesia Stock Exchange.