CIO of Danantara Pandu Praises Professional Lineup in BEI Director Candidates Package
Jakarta (ANTARA) - Chief Investment Officer (CIO) of Danantara Indonesia, Pandu Sjahrir, has assessed that the packages of candidates for the board of directors of PT Bursa Efek Indonesia (BEI) consist of professionals in the financial sector, particularly the capital markets.
BEI will hold an Extraordinary General Meeting of Shareholders (EGMS) in June 2026, with one of the agendas being the election of a new board of directors for the 2026-2030 period.
“I think all the names are good, all professionals. And they have track records; the process will go through OJK (Financial Services Authority),” Pandu stated when interviewed after the “Outlook Indonesia: Role of National Economic Drivers” event in Jakarta on Tuesday.
Pandu said that professional candidate leaders, combined with an accountable and transparent selection process, will result in the right leaders for Indonesia’s capital markets.
“I think as long as the selection is professional, with professional people who have good track records, that’s also important, and market-friendly; it should be okay. The names are all good,” Pandu added.
For information, the selection of BEI director candidates is done through a package system, where Exchange Members (EMs) propose a complete team consisting of the president director and several functional directors.
To date, five packages of BEI director candidates have circulated, to be proposed by EMs to OJK, all containing professionals who have long been involved in Indonesia’s financial industry and capital markets.
On another occasion, OJK has asked EMs to be selective in nominating BEI director candidate packages, ensuring the selection process is thorough, including aspects of competence, capacity, and integrity of the candidates.
“The packages must already be selected first, not just nominated casually. Please ensure that Exchange Members utilise their rights as shareholders and EMs to conduct the selection process properly,” said the Executive Head of Capital Market, Derivative Finance, and Carbon Exchange Supervision (PMDK) OJK, Hasan Fawzi.
Furthermore, the obligation of EMs to select director candidates is stipulated in Article 8 Paragraph (2) of OJK Regulation (POJK) Number 58 of 2016 concerning Directors and Board of Commissioners of Stock Exchanges.
The nomination and submission of stock exchange director candidates is carried out by a group of EMs consisting of at least 10 Exchange Members, as stipulated in Article 8 Paragraph (1) of POJK 58/2016.
If the candidate packages have been submitted to OJK, Hasan explained that the authority will assess the competence, ability, and integrity of the candidates through a fit and proper test conducted by OJK’s selection committee.
Then, in accordance with the provisions, candidate packages that pass the fit and proper test will subsequently seek approval for appointment at the General Meeting of Shareholders (GMS).