YOGYAKARTA - President Prabowo Subianto recently highlighted the large amount of bonus or annual bonus for State-Owned Enterprises (BUMN) commissioners who have again attracted public attention. Actually, how much is the bonus for SOE officials?
President Prabowo considers that the bonus value obtained by these SOE officials is often not comparable to the contribution they have made.
The statement drew heated debates over transparency, justice, and the effectiveness of the payroll system in state-owned companies.
Tantiem is a bonus given to the board of directors and board of commissioners as a form of appreciation for the company's performance that generates profits.
The term tantiem comes from French and means "part of profit." Although it is often likened to performance bonuses in general, tantiem has more special characteristics.
As for the Big Indonesian Dictionary (KBBI), tantiem is part of the company's profits given to employees. However, in the context of SOEs, this meaning has a more specific meaning.
If we look at the Regulation of the Minister of SOEs Number Per-02/MBU/2009, tantiem is an annual award given to members of the board of directors, board of commissioners, or the supervisory board of SOEs when the company gets a profit.
This regulation also allows tantiem to still be given even if the company loses money, provided there is a significant increase in performance.
This is different from what is applied in many countries which adhere to the principle of pay for performance, where bonuses are given only if the company actually generates profits.
The giving of bonuses in these countries is strictly regulated through transparent regulations, so the amount of incentives is directly related to the achievement of financial and non-financial performance.
This is done to avoid giving unreasonable bonuses and ensure incentives are in line with the interests of shareholders and the public.
The legal basis governing the income of SOE officials, including tantiem, is the Minister of SOEs Regulation Number Per-02/MBU/2009 concerning Guidelines for Determining the Income of Directors, Commissioners, and Supervisory Boards of SOEs.
In this regulation, it is stated that tantiem is variable and is given by considering several factors, such as achieving targets, financial capacity, company health conditions, and a fair performance assessment system (merit system).
The determination of the nominal bonus is generally stipulated in the Company's Work Plan and Budget (RKAP) at the beginning of the financial year.
However, the final number has only been ratified at the General Meeting of Shareholders (GMS). What is unique is that the nominal agreed upon in the GMS could be greater than planned in the RKAP, especially if the profits achieved by the company exceed the specified targets.
Below is the percentage of tantiem distribution determined in the Regulation of the Minister of SOEs:
This percentage has a reference on fixed income or basic salary. In other words, the higher the basic salary, the greater the value of the bonus received.
The exact number of tantiem obtained by SOE officials can be in the form of a very fantastic amount, especially in large companies such as banking SOEs or the Association of State-Owned Banks (Himbara).
For example, PT Bank Negara Indonesia Tbk (BBNI) recorded the highest increase in bonuses, which jumped from 82.96% to Rp576.34 billion.
The BNI Board of Directors received a bonus of Rp403.96 billion, with an average of Rp33.66 billion per person, the commissioners received Rp172.38 billion, or an average of Rp15.67 billion per person.
That's the review of how many bonuses for SOE officials are. Hopefully this information will be useful! Visit VOI.id to get other interesting information.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
