Three JSX director boards nominated
Three JSX director boards nominated
JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) is scheduled today to receive the nomination of three groups of executives as directors of the Jakarta Stock Exchange (JSX).
The agency will announce the approved nominees next month.
Sources at the capital market said Friday evening that JSX members submitted Friday three packages of directorship nomination to the bourse's commissioners, who would pass them on to Bapepam today.
The sources said that Mohammad Lattuconsina, Cyrill Nurhadi and Yannes Naibaho were named as candidates to lead the stock exchange.
They said Lattuconsina was supported by 20 JSX members, comprised of both local and foreign securities companies, while the number of supporters for the other two candidates were unclear.
Only 78 securities firms -- 55 local companies and 23 joint ventures -- are qualified to nominate the directors and commissioners.
Lattuconsina, a retired Bapepam official, is now a director of PT Pasar Raya. He retired from Bapepam in 1992 after working there for 16 years. His last position at the agency was chief of transactions.
His team, according to the sources, will consist of Stanislaus Say, presently a director of JSX, Sofian Jalil, a research director at the Ministry of Finance's Center for Policy and Implementation Studies, and Indra Savitri from Savitri and Motik law office.
Cyrill Nurhadi is now the director of the Indonesian Securities Clearing Depository and his team will consist of Felia Salim and Mas Achmad Daniri, currently directors of the JSX, and Edwin Stambul, a director of a securities company,
Yannes Naibaho is the president of PT UBS Securities and also the chairman of the newly-founded association of the Indonesian Securities Companies. His team will consist of two executives of the association and a government official.
The sources said that the teams of nominees, when approved by Bapepam, will have to compete with each other in an election in which all JSX members, whose number nearly reaches 200, will vote.
On the board of commissioners, Director General of Taxation Fuad Bawazier is likely to have no competitors in the election, particularly with the resignation of the former chief commissioner, Marzuki Usman.
Fuad will most likely be assisted by Rini S. from PT Astra International, Titik Prabowo from Pentasena, Erry Hardjapamungkas from PT Tambang Timah in the board of commissioners. (08)