President Jokowi Appoints Sri Mulyani As Chair Of The OJK Board of Commissioners Selection Committee, What Are Her Duties?

Minister of Finance Sri Mulyani (right) with the Chairman of the OJK Board of Commissioners Wimboh Santoso. (Photo: Doc. Antara)

JAKARTA - President Joko Widodo (Jokowi) has officially appointed Minister of Finance, Sri Mulyani, to be the chairman of the selection committee for candidates for the Board of Commissioners (DK) of the Financial Services Authority (OJK) for the 2022-2027 period. This mandate is enshrined in Presidential Decree No. 145/P of 2021, which was issued on 24 December.

In carrying out her duties, the Minister of Finance will be assisted by eight other people from various elements such as the government, Bank Indonesia, and the community.

"Meanwhile, elements of the community are academics in the financial services sector, the banking industry community, the capital market industry, and/or the non-bank financial industry which includes insurance, pension funds, financing institutions, and other financial service institutions", said the government's official release on Friday, December 31st.

By Presidential Decree No. 145/P of 2021, the selection committee has the following important duties.

1. Prepare and determine the schedule for the selection of candidates for the Board of Commissioners of the Financial Services Authority

2. Develop and establish a mechanism for selecting candidates for members of the Board of Commissioners of the Financial Services Authority

3. Announce the acceptance of candidates for members of the Board of Commissioners of the Financial Services Authority

4. Conducting registration and administrative selection of candidates for members of the Board of Commissioners of the Financial Services Authority

5. Announce the names of candidates who have passed the administrative selection to get input from the public

6. Assessing and selecting candidates for members of the Board of Commissioners of the Financial Services Authority

7. Submitting the names of candidates for members of the Board of Commissioners of the Financial Services Authority to the President as many as 3 (three) candidates for each member of the Board of Commissioners required

8. Provide reports on the implementation of their duties to the President

By the mandate given, in carrying out its duties, the selection committee may involve the leadership of the ministry, non-ministerial government agencies/institutions, and/or other relevant parties deemed necessary.

Meanwhile, the working period of the selection committee starts from the enactment of Presidential Decree Number 145/P of 2021 until the appointment of members of the Board of Commissioners of the Financial Services Authority for the period of 2022–2027.

The following is the complete composition of the selection committee for prospective members of the OJK DK.

1. Sri Mulyani Indrawati as Chair and concurrently Member (representing the Government)

2. Perry Warjiyo as Member (representing Bank Indonesia)

3. Kartika Wirjoatmodjo as Member (representing the Government)

4. Suahasil Nazara as a Member (representing the Government)

5. Dody Budi Waluyo as Member (representing Bank Indonesia)

6. Agustinus Prasetyantoko as Member (representing the academic community)

7. Muhamad Chatib Basri as Member (representing the Banking industry community)

8. Ito Warsito as Member (representing the Capital Market industry community)

9. Julian Noor as Member (representing the Non-Bank Financial Industry community).