Jeffrey Hendrik: Follow BEI Board Selection Process

JAKARTA - Indonesia Stock Exchange (BEI) remains tight-lipped regarding the selection process for its 2026-2030 board of directors, currently under review by the Financial Services Authority (OJK).

Interim CEO Jeffrey Hendrik declined to comment further when asked about potential candidates for the exchange’s leadership positions. It is worth noting that Jeffrey is among the candidates for BEI’s board of directors.

‘Oh no comment, no comment, no comment,’ Jeffrey said at BEI’s office in Jakarta on Monday (25 May 2026).

He added that the OJK’s selection process is expected to produce the best candidates to lead the capital market in the future.

‘Just follow the entire process. Whoever is chosen will surely be good for the exchange’s future, so just follow the process,’ he said.

OJK has conducted fit and proper tests for BEI’s 2026-2030 board candidates. The process began on Tuesday (12 May 2026) with the fit and proper test for the BEI CEO candidate. Subsequent tests will be conducted for other board candidate positions.

On 13 May 2026, OJK will hold the fit and proper test for the BEI Corporate Valuation Director candidate. On 18 May 2026, similar tests will be conducted for the Trading and Member Regulation Director candidates.

OJK’s Executive Head of Capital Market, Derivatives and Carbon Exchange Supervision, Hasan Fawzi, stated that the initial phase of the fit and proper test focuses on administrative checks and candidate evaluations.

Candidate names will be announced only after the selection process is complete and the final candidates are officially decided. This step is to maintain the objectivity of the selection process.