Head of Issuers' Association Comments on Profile of BEI Director Candidates
Jakarta, CNBC Indonesia — Several names have emerged in packages of candidates for the Indonesia Stock Exchange (BEI) board of directors, reportedly to be proposed for the 2026-2030 leadership period. The Indonesian Issuers’ Association (AEI) has spoken out on the matter.
AEI Executive Director Gilman Pradana Nugraha stated that his organisation remains neutral regarding the various candidate packages that have surfaced. According to him, the emergence of such packages is a common occurrence in every BEI leadership selection process.
“I think these are not new figures in the capital markets; they already have experience, yes. Both in the main director candidates and the other directors,” Gilman said when met at the Supreme Court building (MA) in Jakarta, quoted on Thursday (25/3/2026).
Regarding the candidates’ backgrounds, Gilman noted that figures from within the Self-Regulatory Organisation (SRO) as well as external ones each have their strengths.
“Of course, those from outside might be better at seeing the market on the ground as it is. And from the internal side, they are strong on conduct, compliance standards, and so on. But in various business aspects, perhaps those from outside are stronger or whatever. So, it’s pluses and minuses if we look at it,” he concluded.
He added that a combination of internal and external figures in the BEI board of directors is normal and has been the practice for some time. The board structure, consisting of seven positions, allows for appointments from diverse backgrounds according to the needs of each function.
On the other hand, OJK’s Executive Head of Capital Market, Derivatives Finance, and Carbon Exchange Supervision, Hasan Fawzi, emphasised that his office has not yet received documents submitting the packages of BEI director candidates circulating in the mass media.
“So, nothing has officially come in to OJK yet. The deadline is 4 May 2026 as the final submission date for candidate packages,” Hasan stated firmly.
Although no official submissions have been made, OJK allows securities companies to prepare candidate packages in accordance with market mechanisms. The right to submit remains with the exchange members, who are currently BEI shareholders.
Once official documents are received, OJK will form a selection committee led by the deputy commissioner in the Capital Market, Derivatives, and Carbon Exchange sector. The selection process will proceed in accordance with applicable regulations before any further adjustments.