{
    "success": true,
    "data": {
        "id": 1266512,
        "msgid": "independent-directors-commissioners-1447893297",
        "date": "2002-04-29 00:00:00",
        "title": "Independent directors, commissioners",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Independent directors, commissioners The idea to establish independent boards of directors and boards of commissioners in public companies aims to uphold good corporate governance. An independent board of directors or commissioners may, directly or otherwise, be considered an extension of the public. In the case of many issuers, independence is just an empty slogan which the controlling shareholders in a public company can freely flaunt. Take a look at Panin Bank.",
        "content": "<p>Independent directors, commissioners<\/p>\n<p>The idea to establish independent boards of directors and<br>\nboards of commissioners in public companies aims to uphold good<br>\ncorporate governance. An independent board of directors or<br>\ncommissioners may, directly or otherwise, be considered an<br>\nextension of the public.<\/p>\n<p>In the case of many issuers, independence is just an empty<br>\nslogan which the controlling shareholders in a public company can<br>\nfreely flaunt. Take a look at Panin Bank. Priyatna Atmadja is its<br>\nindependent commissioner. Then at PT Matahari Putra Prima Tbk<br>\n(MPPA), Roy E. Tirtadji, the right hand of the Lippo Group, is<br>\nits independent commissioner.<\/p>\n<p>We can perhaps learn from firms in the Eka Tjipta Widjaja's<br>\nSinar Mas Group, i.e. PT Tjiwi Kimia Tbk P Indah Kiat Pulp and<br>\nPaper Tbk. These firms have chosen the right people as their<br>\nindependent commissioners. Mas Achmad Daniri, Teddy Pawitra and<br>\nFerdinand A. Sonneville are in no way related to Sinar Mas.<\/p>\n<p>If \"independent\" refers to a function, than anybody can sit on<br>\nthe independent board of directors or board of commissioners.<br>\nIndependent directors or commissioners must act exactly as<br>\nindependent parties representing the public. The question is<br>\nwhether a person loyal to a group or an issuer can play his\/her<br>\nrole and at the same time represent public interests.<\/p>\n<p>If \"independent\" refers to background, then the directors or<br>\ncommissioners should be professionals without any relationship<br>\nwith the issuers. Who will decide on the appointment of<br>\nindependent directors or commissioners? The founders? The public?<br>\nIt would be fairer if they are chosen by independent<br>\nshareholders.<\/p>\n<p>Therefore, the Jakarta Stock Exchange, the Capital Market<br>\nSupervisory Agency or the National Committee of Good Corporate<br>\nGovernance must work to review the meaning of \"independent\" in<br>\nthis context.<\/p>\n<p>-- Investor Indonesia, Jakarta<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/independent-directors-commissioners-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}