On 12 March 2015, the Director of the Indonesian Stock Exchange (PT Bursa Efek Indonesia)issued Decree No. Kep-00023/BEI/03-2015 of 2015 on The Schedule for Determining Payment of a Cash Dividend.

This guide provides an overview of the legal system in Indonesia, foreign investment restrictions, currency regulations and incentives, and business vehicles and their relevant restrictions and liabilities.

This POJK 30 will come into force on April 16, 2016 on the date of which Regulation X.K.4 shall no longer in force.

Pursuant to the provisions set out in the Indonesian Company Law, the Board of Directors (BOD), Board of Commissioners (BOC)

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

The lawyers selected for inclusion in the guide are at the top of their professions in their jurisdictions. They have impressive track records and are consistently recommended by clients and peers for the quality of their advice and service.

The primary source of law relating to corporate governance in Indonesia is Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law).

SSEK Law Firm foreign legal advisor Michael S. Carl and senior associate Aldilla Stephanie Suwana have contributed the Indonesia chapter to a new publication on ESG in Asia Pacific.

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

Shareholders, since they provide the capital for the company, shall have rights and responsibilities toward the company in accordance with the relevant laws and regulations in Indonesia

In Indonesia, the size, composition and procedures for the appointment, replacement and dismissal of the board of directors (BOD) and board of commissioners (BOC) are determined in the articles of association (AOA) of the company.

Board of Commissioner of Financial Services Authority has stipulated a Regulation of the Financial Services Authority Number 21/POJK.04/2015, which come into force since 17 November 2015 ("RFSA 21/2015").

Since corporate organizations in Indonesia largely take the form of a limited liability company, corporate governance in Indonesia is principally governed under Law No. 40 of 2007

The principal bodies and functions involved in the govern­ance and management of Indonesian companies under the Company Law are the General Meeting of Shareholders

As a general rule in Indonesia, the appointment of a member of the board of directors (BOD) is conducted through a general meeting of shareholders (GMS), in accordance with Article 94, paragraph 1 of the Company Law.

For private companies in Indonesia, Environmental, Social and Governance (ESG) reporting generally aligns with the requirements outlined in the Company Law (Law No. 40 of 2007 regarding Limited Liability Companies...

The Indonesian Ministry of Law has issued Regulation No. 2 of 2025 on the Verification and Supervision of Beneficial Owners of Corporations ("MOL Regulation No. 2/2025")...

On 3 March 2023, the Ministry of State-Owned Enterprises ("MSOE") issued Regulation No. PER-2/MBU/03/2023 ("Reg. 2/2023")[1], which revokes 20 other regulations and came into force on 24 March 2023.

Indonesia adopts a two-tier board system comprising the board of directors (BOD) and the board of commissioners (BOC).

On 31 December 2024, Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") issued OJK Reg 45/2024. This regulation was enacted to implement the mandate under Law No 8...