Regarding BEI Director Candidates, Danantara: Must Be Market Friendly

The Investment Management Agency Daya Anagata Nusantara (BPI Danantara) has provided its views on the candidates for the Board of Directors of the Indonesia Stock Exchange (BEI) for the 2026-2030 term. Chief Investment Officer Pandu Sjahrir stated that all individuals who have nominated themselves have impressive track records. “I think all the names are good, all professionals,” he said when met at the Bank Mega Tower in Jakarta, quoted on Wednesday (8/4/2026). According to him, candidates with strong track records who support the growth of the capital market industry and provide certainty for investors are ideal. “I think as long as the selection is professional, people who are professional with good track records, that’s also important, and market friendly,” he added. For information, Oki Ramadhana, who serves as President Director of Mandiri Sekuritas, is reportedly running as a candidate for President Director of PT Bursa Efek Indonesia (BEI) for the 2026-2030 term, along with four other candidate director packages. This means there are now five packages of prospective directors who will lead the regulatory body in Indonesia’s capital market industry. The fifth package is led by Oki Ramadhana, who is nominating himself as BEI President Director, along with six others. These include Wuddy Darsono as prospective Director of Development at BEI, Stephanus Turangan as prospective Director of Trading and Member Regulation at BEI. Next, Bernardus Sumargo as prospective Director of Valuation at BEI, Poltak Hotradero as prospective Director of Finance, HR, and General Affairs, Syafruddin as prospective Director of Information Technology and Risk Management, and Yoga Mulya as prospective Director of Transaction Supervision and Compliance. Several strong names from the capital markets, banking, and national corporations have emerged in three packages as prospective directors. The Financial Services Authority (OJK) has revealed developments in the BEI directorship nomination process by exchange members (AB). The regulator stated that it has received parties who meet the requirements to nominate director candidate packages for the exchange. Head of the Capital Market, Derivatives Finance, and Carbon Exchange Executive Supervisor at OJK, Hasan Fawzi, said that based on OJK regulations, BEI director packages must be supported by at least 10 AB. These requirements refer to a combination of several indicators such as transaction value, trading frequency, and member activity portion. “10 AB. There’s a percentage from the value, then from transactions, from frequency. Well, that combination is all still being read in the provisions. Roughly, it’s already regulated in detail, eligibility or who the exchange members are and what portion will be calculated to nominate a package, but yeah,” Hasan explained at the BEI Building in Jakarta on Wednesday (1/4/2026). The cut-off for calculating exchange member eligibility in the directorship nomination is based on data from activities over the past 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 nominate. Exchange members are required to conduct research and review aspects of capability, capacity, competence, and integrity of 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 every AB must consider when submitting candidates. Nevertheless, Hasan stated that to date, no director candidate packages have been registered with OJK. The deadline for submitting director candidate packages to OJK is set no later than 4 May 2026. As reported in the mass media, besides Oki’s team, other BEI director candidate packages are filled by Iding Pardi’s team, namely Zaki Mubarak, Yulianto Aji Sadono, Umi Kulsum, Ahmad Subagja, Yohannes Liauw, and Andre Tjahjamuljo. Jeffrey Hendrik’s team with Irvan Susandy, R. Haidir Musa, Irwan Abdalloh, R. Mirwan, and Atep Salyadi Dariah Saputra. Then, Laksono Widodo’s team with Fifi Virgantria, Heru Handayanto, John Tambunan, Donny Arsal, Lidia M. Panjaitan, and Saidu Solihin. Finally, Edwin Ridwan’s team with Feb Sumandar, Gurasa Siagian, Suryadi, Freddy Hendradjaja, Aji Sudarmaji, and Yohanes Arts Abimanyu.