28 Candidates Vie for BEI Board Seats, OJK Prepares Rigorous Selection
JAKARTA, KOMPAS.com - The Financial Services Authority (OJK) has received 28 names of prospective directors for PT Indonesia Stock Exchange (BEI) for the 2026-2030 period from the registration stage that closed on 4 May 2026.
The Executive Head of the Capital Market, Derivative Finance, and Carbon Exchange Supervisory Authority of OJK, Hasan Fawzi, stated that these names come from four packages of prospective directors submitted to OJK.
Each package consists of seven candidates, in line with the number of BEI director positions, resulting in a total of 28 names entering the initial selection process.
“Yesterday, we received submissions for four packages of prospective directors for the Indonesia Stock Exchange for the 2026-2030 period, which we examined and found to meet the initial registration requirements to OJK,” he said during the OJK RDKB press conference in April 2026, on Tuesday (5/5/2026).
There are several candidates who are professionals from other sectors, including the financial and information technology sectors. “Of course, once selected, they are expected to enrich the perspective and strategic capacity of the Indonesia Stock Exchange organisation going forward,” he added.
Furthermore, Hasan explained that the submission of packages of prospective BEI directors is carried out by groups of BEI shareholders, and each candidate must meet requirements of integrity, competence, and good financial reputation.
After the registration process, OJK is now examining the completeness of administration as well as tracing the background and track record of each candidate.
In the next stage, prospective candidates must pass the assessment of capability and fitness conducted by a committee formed at OJK.
“Of course, the entire selection mechanism is designed to ensure that all candidates have adequate capacity to later carry out the management of stock exchange activities in a professional, independent, and integrous manner, and are certainly expected to maintain trust and stability in the market,” he explained.
According to Hasan, strengthening market integrity is one of the main focuses that the new BEI directors must undertake through comprehensive and sustainable structural reforms.
This includes strengthening market integrity through the implementation of comprehensive structural reforms, capable of increasing liquidity and deepening the market, strengthening governance and transparency, as well as continuously developing reliable and adaptive BEI infrastructure in response to various technological developments.
The new BEI leadership is also expected to strengthen the position of the Indonesian capital market in the eyes of regional and global investors.
This is to be achieved, among other things, through the fulfilment of various international standards, including those set by global index providers.
Not only that, OJK is also encouraging an increase in domestic investor participation, particularly institutional investors, so that the market structure becomes deeper and more stable.
“Thus, the entire series of candidate selection processes for the Indonesia Stock Exchange directors is expected to ultimately produce selected names to occupy the seven director positions at the Indonesia Stock Exchange,” he said.
“And to become leaders in the stock exchange who not only meet regulatory provisions but also each have a strategic vision and strong execution capabilities in bringing our capital market to become deeper, more liquid, globally competitive, and growing sustainably,” he added.