OJK Reveals Requirements for Submitting Board Packages to the Indonesia Stock Exchange
Jakarta, CNBC Indonesia — The Financial Services Authority (OJK) has revealed developments in the process of nominating directors for the Indonesia Stock Exchange (BEI) by stock exchange members (AB). The regulator states that it has identified parties that meet the requirements to propose board nomination packages.
The Executive Head of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Division of OJK, Hasan Fawzi, explained that according to OJK regulations, a BEI board package must be proposed by at least 10 AB. These requirements refer to a combination of several indicators such as transaction value, trading frequency, and the portion of member activity.
“10 AB. There is a percentage from the value, then from transactions, from frequency. Well, that combination will be read according to the provisions. Roughly, it is already regulated in detail, eligibility or which stock exchange members and what portion will be calculated to nominate the package, but yes,” Hasan stated at the BEI Building in Jakarta on Wednesday (1/4/2026).
The cut-off for calculating member eligibility in director nominations is based on activity data over the last year, namely the period from April 2025 to March 2026.
In addition, OJK emphasises the responsibility of AB in ensuring the quality of the candidates they propose. Stock exchange members are required to conduct research and review aspects of capability, capacity, competence, and integrity of the prospective directors.
The regulator stresses that the nomination process should not be done haphazardly without thorough selection. Emphasis on integrity is the primary aspect that must be considered by every AB in submitting candidates.
Nevertheless, Hasan mentioned that to date, no board nomination packages have been registered with OJK. The deadline for submitting board nomination packages to OJK is set at the latest on 4 May 2026.
As reported in the mass media, the first board nomination package for BEI consists of Iding Pardi, Zaki Mubarak, Yulianto Aji Sadono, Umi Kulsum, Ahmad Subagja, Yohannes Liauw, and Andre Tjahjamuljo.
The second package includes Jeffrey Hendrik, Irvan Susandy, R. Haidir Musa, Irwan Abdalloh, R. M Irwan, and Atep Salyadi Dariah Saputra.
Meanwhile, the third package comprises Laksono Widodo, Fifi Virgantria, Heru Handayanto, John Tambunan, Donny Arsal, Lidia M. Panjaitan, and Saidu Solihin.