Prabowo Asks SOE Directors To Resign If They Don't Accept Tantiem

JAKARTA - President Prabowo Subianto emphasized that he would not give bonuses to directors or commissioners whose companies were at a loss. He said if the directors and commissioners objected to the policy, they could immediately resign.

Furthermore, Prabowo said that there are still many young people who are considered capable of replacing the position.

"So directors and commissioners, if they object, are not willing to accept tantiem, stop. Many young people are able to replace them," he said in a speech on the 2026 Financial Note and RAPBN, at the Parliament Complex, Jakarta, Friday, August 15.

He said the benefits that became the basis for providing tantiem must be really real, not engineered results. Therefore, companies that are losing money do not need to provide bonuses for directors or commissioners.

"I have also ordered the Danantara, the board of directors does not need to tantiem if they lose. And fortunately, we have to make a real profit, don't make any sense," he said.

Prabowo said there were commissioners who only had meetings once a month, but received bonuses of up to Rp40 billion per year. Therefore, he also requested that the tantiem be revoked.

I lost tantiem. I don't even understand what tantiem means. That's just their trick. He chooses foreign terms so that we don't understand what tantiem is," he said.

Previously, the Anagata Nusantara Power Investment Management Agency (BPI Danantara) banned the board of commissioners of State-Owned Enterprises (BUMN) and its subsidiaries from obtaining bonuses from the company's performance. In addition, it is also not allowed to receive incentives.

The instruction was contained in an official letter numbered S-063/DI-BP/VII/2025 concerning the Provision of Tantiem, Incentives, and/or Income in Other Forms to the Board of Directors and Board of Commissioners of SOEs and BUMN Subsidiaries.

The letter was signed by Danantara Indonesia Chief Executive Officer (CEO) Rosan Roeslani dated July 30, 2025.

"Members of the BUMN board of commissioners and BUMN subsidiaries are not allowed to get bonuses, incentives in terms of performance incentives, special incentives, and/or long-term incentives and/or income in other forms associated with the Company's performance," reads the letter received by VOI, Friday, August 1.

In addition to regulating the provision of bonuses and incentives for the board of commissioners, Danantara also provides the latest rules for the board of directors of SOEs. Based on the letter, members of the SOE directors and their subsidiaries can still receive bonuses and incentives from the company's performance.

However, the provision of bonuses and incentives in the form of performance incentives, special incentives, and/or long-term incentives must be based on financial reports that are actually the result of the company's operations and reflect on sustainable business activities.

This incentive should not be calculated from non-operational activities. Such as asset revaluation gains, asset sales, or transactions for another time that are not repeated.

This instruction is carried out in order to implement good corporate governance standards that apply at the national and international levels to maintain the interests of SOEs and all stakeholders.