New IDX President Director Vows to Continue Capital Market Reforms

Jeffrey Hendrik has been elected as the new President Director of the Indonesia Stock Exchange (IDX), pledging to advance reforms within the country's capital market. Following a meeting with legislative leaders and the Financial Services Authority (OJK), Hendrik committed to enhancing transparency, integrity, and corporate governance at the exchange. His vision includes deepening the market to elevate the IDX to the level of major global exchanges. Hendrik and six other individuals were selected as the new IDX board for the 2026-2030 term after undergoing a rigorous selection process by the OJK. Their appointments are subject to approval by shareholders at the upcoming Annual General Meeting of Shareholders on June 29, 2026. OJK Chairman Friderica Widyasari Dewi expressed confidence in the chosen directors, describing them as the best in their respective fields. The OJK emphasized the importance of the new board's commitment to good governance and continuing market integrity reforms, ensuring the IDX can effectively fulfill its duties. This leadership transition occurs amidst ongoing efforts to strengthen Indonesia's capital market and attract international investment.