OJK Entrusts New IDX Board with Integrity Reform and Market Deepening

The Deputy Speaker of the Indonesian House of Representatives (DPR), Sufmi Dasco Ahmad, summoned the capital market regulator, the Financial Services Authority (OJK), and the Indonesia Stock Exchange (IDX) to coordinate and discuss matters with the new IDX board of directors for the 2026-2030 period. OJK Chairman of the Board of Commissioners Friderica Widyasari Dewi stated that the OJK had selected seven directors from four candidate packages, totalling 28 individuals who underwent fit and proper tests. “Alhamdulillah, the seven best individuals for each field have been selected,” she said during a press conference at the DPR building in Jakarta on Thursday (18/6/2026). Kiki, as she is familiarly known, explained that Jeffrey Hendrik was selected as President Director, Saidu Solihin as Director of Corporate Assessment, and Abdul Munim as Director of Information Technology and Risk Management. Furthermore, Umi Kulsum was appointed as Director of Finance, Human Resources, and General Affairs. Iding Pardi was selected as Director of Development, Yulianto Aji Sadono as Director of Transaction Supervision and Compliance, and Irvan Susandy as Director of Trading and Member Regulation. She expressed hope that the new IDX leadership would commit to providing the best for the exchange’s development and governance, as well as continuing integrity reforms in the capital market. “Because everyone will be watching the sustainability of the integrity reforms we are undertaking, so that the Indonesia Stock Exchange can carry out its duties,” she stated. She noted that these efforts are aimed at making the Indonesian capital market a good home for all market participants, including investors, issuers, and securities firms. “Thus, we prioritise governance integrity and will continue to make improvements so that the capital market becomes more advanced, more developed, and can better support Indonesia’s economic growth,” she added. On the same occasion, the newly selected IDX President Director, Jeffrey Hendrik, stated his commitment to continuing the capital market reforms implemented over the past four months, enhancing transparency, integrity, and governance at the Indonesia Stock Exchange. He added that efforts would also be made to deepen the market from both the demand and supply sides, so that IDX’s potential to become a world-class exchange on par with other major global exchanges could be realised soon. The official announcement of the new IDX board of directors will be made through a General Meeting of Shareholders (RUPS) on 29 June 2026.