Indonesian Political, Business & Finance News

SOEs need clean commissioners

SOEs need clean commissioners

JAKARTA (JP): The government should appoint people from the private sector to sit on the board of commissioners of all state owned enterprises (SOEs) to help promote good corporate governance, noted lawyer Todung Mulya Lubis said on Thursday.

Todung, of the Lubis, Santosa and Maulana Law Office, told reporters that three of the five commissioners at these state enterprises should be recruited from the private sector.

Currently, in virtually all state enterprises, the five commissioners are drawn from the government sector.

This condition made the companies vulnerable to abuses of power, he said after addressing a workshop on good corporate governance for executives of state enterprises.

The workshop, organized by the Corporate Leadership Development Institute, saw the participation of representatives from 266 state enterprises and 40 privates companies. Minister of Finance Prijadi Praptosuhardjo also addressed the gathering. (05)

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