OJK Urges New IDX Directors to Deliver Best Performance for Indonesian Capital Market

The Financial Services Authority (OJK) has requested the elected board of directors of PT Bursa Efek Indonesia (IDX) for the 2026-2030 term to provide their best contribution by prioritising strong governance for the future development of the Indonesian capital market. Chair of the OJK Board of Commissioners, Friderica Widyasari Dewi, stated this particularly relates to the continuation of the Indonesian capital market integrity reform agenda, as has been pursued over recent months. “Because everyone will see how the sustainability of the integrity reforms we are undertaking continues, so that the Indonesia Stock Exchange can carry out its duties,” Friderica said during a press conference at the DPR RI Building in Jakarta on Thursday. Friderica also expressed hope that the Indonesian capital market can become a good home for all parties, including investors, issuers, securities companies, and other stakeholders. “We prioritise governance integrity and we will continue to make improvements, so that it becomes an increasingly advanced, growing capital market that can further support Indonesia’s economic growth,” she said. Following the announcement of the elected IDX board of directors, the House of Representatives (DPR RI) held a meeting with OJK and IDX on Thursday afternoon to strengthen further coordination. Previously, OJK’s Chief Executive of Capital Market, Derivative Finance, and Carbon Exchange Supervision, Hasan Fawzi, confirmed the names of the elected candidates for the IDX board of directors for the 2026-2030 term. OJK has completed the fit and proper test process for the IDX board candidates in accordance with Article 16 of OJK Regulation Number 58/POJK.04/2016 concerning the Board of Directors and Board of Commissioners of the Stock Exchange. Jeffrey Hendrik was elected as President Director of IDX for 2025-2030. Jeffrey currently serves as the Acting President Director of IDX. All elected board members will be proposed and requested for approval at the IDX Annual General Meeting of Shareholders (RUPS) in 2026 on Monday (29/6). The complete list of IDX board candidates for the 2026-2030 period set by OJK for approval at the RUPST is as follows: President Director: Jeffrey Hendrik; Director of Corporate Valuation: Saidu Solihin; Director of Trading and Exchange Member Regulation: Irvan Susandy; Director of Transaction Supervision and Compliance: Yulianto Aji Sadono; Director of Information Technology and Risk Management: Abdul Munim; Director of Development: Iding Pardi; Director of Finance, Human Resources and General Affairs: Umi Kulsum.