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)