Indonesia: Corporate Governance

Danantara was established under Law No. 1 of 2025 on Third Amendment to Law No. 19 of 2003 on State-Owned Enterprises, enacted on 24 February 2025, with the implementing frameworks detailed in Government Regulation (“GR”) No. 10 of 2025 on Organisation and Governance of Danantara Investment Management Agency, as amended by GR No. 19 of 2026 (“GR 10/2025”).

On 20 May 2026, the President of the Republic of Indonesia enacted Government Regulation (“GR”) No. 24 of 2026 on the Governance of Export of Strategic Natural Resource Commodities (“GR 24/2026”), which took effect on 1 June 2026. Note that while GR 24/2026 is already in force, the requirement to export Strategic Commodities exclusively through the designated state-owned enterprise is subject to a separate transition deadline, discussed further below under "Transitional Arrangements".

Indonesia’s economy continues to grow at some pace, with Gross Merchandise Value projected to more than double by the end of the decade.

SSEK Law Firm has contributed the Indonesia chapter to the Navigator on Directors' Duties: Climate Risk and Sustainability Disclosures.

SSEK Law Firm has contributed the Indonesia chapter to the 2024 ESG in APAC guide.

Given that the BOD is vested with the authority to conduct the management of the company, all decisions related to the company's management fall under the purview of the BOD.

OJK finally issues the highly anticipated regulations on electronic general meeting of shareholders. These regulations are information-heavy, and we highlight the key changes below. But does it answer the question...

This article is the third in CNPUpdate's series on Indonesia Investment Updates, and aims to provide you with a general overview of the laws and regulations governing foreign investments

In today's global economy, bribery has a wide-spread effect that encompasses social, moral and political concerns, in addition to undermining good corporate governance and healthy competition.