OJK: There Are 4 Packages of Candidates for BEI Board of Directors for the 2026-2030 Period
Jakarta, CNBC Indonesia - The Financial Services Authority (OJK) has provided the latest update regarding the replacement of the Board of Directors of the Indonesia Stock Exchange (BEI), which will soon be carried out through an Extraordinary General Meeting of Shareholders (EGMS). It is known that the deadline for submitting packages of BEI director candidates ended on 4 May 2026.
The Executive Head of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Authority of OJK, Hasan Fawzi, stated that OJK has received submissions for four packages of BEI director candidates for the upcoming 2026-2030 period.
“(OJK) has received submissions for four packages of BEI director candidates for the 2026-2030 period, which we have checked meet the initial registration requirements to OJK,” he said during a virtual press conference on Tuesday (5/5/2026).
Hasan revealed that the four accepted packages of director candidates consist of a board composition of seven people. “Thus, there are 28 names submitted to OJK; OJK is still conducting the process of completing administrative requirements and background checks and records for each submitted candidate,” he added.
According to him, from a profile perspective, all BEI director candidates consist of a combination of individuals with strong experience in the Indonesian capital markets industry. “There are also candidates who are professionals in other relevant sectors related to finance and IT,” he said.
It is hoped that the figures who will be selected can enrich the perspectives and position of BEI as regulated in POJK No. 58 of 2016.
Next, the BEI director candidates must pass the fit and proper test from the committee formed by OJK. This is to ensure that all candidates have adequate capacity to perform the professional, independent, and integrity-driven management functions of BEI, enabling them to maintain market planning and stability.
“OJK has high hopes and demands on the BEI board of directors and commissioners to guide, continue, and even accelerate the reform agenda,” he stated.
In addition, he added that the selected BEI directors must be able to drive comprehensive market integrity strengthening. This will enable increased liquidity and market depth, governance, transparency, and reliable and adaptive exchange infrastructure.
He further noted that BEI leadership must strengthen BEI’s and Indonesia’s capital market position in the eyes of regional and global investors. This includes meeting standards and expectations from global index providers and participation from domestic and international investors.
“Therefore, the series of selection processes is expected to produce selected names to occupy the seven positions and become leaders at BEI who not only meet regulations but also have strategic vision and strong execution,” he concluded.