Gotrade News - Indonesia's Financial Services Authority OJK has received two director-candidate packages for the Indonesia Stock Exchange (BEI) ahead of the 4 May 2026 registration deadline. Administrative verification is in progress, with the formal fit-and-proper test to follow.
Hasan Fawzi, OJK's chief executive for capital market supervision, confirmed that two packages have been formally lodged even before the window closes. Verified candidates will move to BEI's General Shareholders Meeting (RUPS), scheduled for late June 2026.
Key Takeaways:
- Two BEI director-candidate packages have been officially submitted to OJK ahead of the 4 May 2026 deadline
- OJK is conducting administrative verification before advancing candidates to fit-and-proper testing
- The shareholders meeting confirming new directors is scheduled for late June 2026
Hasan declined to disclose names while the registration period remains open, citing process integrity. The initial review is focused on completeness of administrative documentation against OJK's stated requirements.
Candidates clearing the administrative stage will be evaluated on competence, integrity, and capital-market leadership experience. OJK has also formed a formal selection committee to oversee nominations for BEI, clearing house KPEI, and depository KSEI.
The current BEI board, in office for the 2022 to 2026 term, is led by Acting President Director Jeffrey Hendrik. The incoming leadership will steer the exchange through an active reform cycle shaped by MSCI rebalancing pressure.
Hasan added that the final number of submitted packages will be announced only after registration closes on 4 May. The shareholders meeting in late June will be the final stage for confirming the new director slate.
For investors, the leadership transition is consequential because the next board will execute several active reform tracks. These include the 15 percent free float threshold, Ultimate Beneficial Ownership disclosure, and BEI demutualization preparations.
The selection is underway as Indonesia's market continues to absorb the impact of MSCI methodology changes. Market participants are watching the transition as a signal of the exchange's governance trajectory.
