OJK Appoints Indonesia Stock Exchange Board of Directors for 2026-2030

JAKARTA – Jakartaweekly.com. The Financial Services Authority (OJK) has appointed seven members of the Board of Directors of PT Bursa Efek Indonesia (BEI / Indonesia Stock Exchange) for the 2026-2030 term. They are scheduled to be officially inaugurated during the IDX Annual General Meeting of Shareholders (AGMS) on June 29, 2026.

The appointment was disclosed in an OJK document circulated on Thursday (June 18), regarding the nomination of IDX Board of Directors candidates for the 2026-2030 term, which had been submitted to OJK by five groups of IDX shareholders.

OJK stated that the appointment was made in compliance with Article 16 of OJK Regulation No. 58/POJK.04/2016 concerning the Board of Directors and Board of Commissioners of Stock Exchanges. It was also based on the results of the fit and proper test conducted by the Fit and Proper Test Committee for IDX Board of Directors candidates for the 2026-2030 term.

The names of the IDX Board of Directors candidates for the 2026-2030 term appointed by OJK are as follows:

• Jeffrey Hendrik: President Director

• Saidu Solihin: Director of Company Valuation

• Irvan Susandy: Director of Trading and Regulation of Exchange Members

• Yulianto Aji Sadono: Director of Transaction Supervision and Compliance

• Abdul Munim: Director of Information Technology and Risk Management

• Iding Pardi: Director of Development

• Umi Kulsum: Director of Finance, Human Resources, and General Affairs

Commenting on the new lineup, Capital Market Observer Fendi Susiyanto noted that the structure is well-suited to address the challenges of a dynamic and VUCA-filled (volatile, uncertain, complex, and ambiguous) capital market.

“The new Directors bring new hopes for improved governance, transparency between the stock exchange and issuers, and effective market deepening will make the Indonesian capital market highly competitive and attractive to both global and domestic investors,” Fendi said to Jakartaweekly.com

In accordance with Article 25 of POJK 58/2016, OJK reserves the right to evaluate and/or dismiss members of the IDX Board of Directors if, among other things, they lack commitment to the development of the Stock Exchange and/or fail to perform their duties.

Furthermore, based on Article 16 of POJK 58/2016, IDX shareholders are required to distribute the list of Board of Directors candidates along with copies of the complete documentation to all IDX shareholders no later than one business day after receiving the document.