News
Tanggal : 2015-03-04

February 2014

The Indonesia Financial Services Authority (OJK) has been preparing 33 regulations regarding Good Corporate Governance (GCG)

OJK launched the Indonesia Good Corporate Governance (GCG) Roadmap which will be implemented within two years. The Chief Executive Supervisor of Capital Market Financial Services Authority, Mrs. Nurhaidaexplained, that the purpose of GCG Roadmap Launching was improving the Indonesian Public/Listed Companies Governance to be equal as other ASEAN companies in Region. Nurhaida said, “we need these regulations as the legal basis/foundation to support the implementation of GCG”. Therefore, OJK has been preparing 33 (Thirty-three) implementation guidelines which compulsory to be followed by the Public Companies. All Regulation concerning GCG will be issued periodically. In 2014, OJK will only issue 11 regulations, and another 11 regulations will be initiated in 2015. “The remaining regulations are going to be published in the next several years program”, Mrs. Nurhaidaadded, in GCG Roadmap launched event in Jakarta, Tuesday, February 4th, 2014.

 
The entire regulations is comprised of 6 (six) major themes. The details as follows:

1.The Framework of GCG; 2.The Shareholders Rights; 3.The Equally Treatment for Every Shareholders; 4.The Roles of All Stakeholders; 5.The Disclosures and Transparency; also 6.The Roles and Responsibilities of The Commissioners and Directors.

 
The Chairman of Board of Commissioner of OJK, Mr. Muliaman D. Hadadsaid, “This Roadmap will also be the main reference in improving good governance practices and regulations for companies in a comprehensive manner, specifically Issuers and Public Companies. This Roadmap will also make positive contributions to improving good corporate governance, to at least to be on par with the corporate governance in the ASEAN region, in order to meet the ASEAN Economic Community (AEC) in 2015 ”. (www.hukumonline.com)

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