Danantara Asks BUMN Cs To Postpone GMS, Rosan: Ensures Operational Is Run Well

CEO of Danantara Indonesia Rosan Roeslani (Photo: Antara)

JAKARTA - The Anagata Nusantara Power Investment Management Agency (BPI Danantara) or Danantara Indonesia has asked all state-owned companies and their subsidiaries to postpone the General Meeting of Shareholders (GMS).

The directive is contained in the Danantara Circular numbered S-027/DI-BP/V/2025 regarding Directions related to the Implementation of GMS and Aksu for BUMN and BUMN Subsidiaries. The letter was issued on May 5, 2025 and signed by the CEO of Danantara Indonesia, Rosan Roeslani.

Danantara Indonesia CEO Rosan Roeslani said this directive was issued because Danantara as a shareholder of all SOEs wanted to ensure that the operations of state-owned companies were carried out properly and also efficiently.

"Danantara as a shareholder is also to see this operation properly and correctly and to create value more and more efficiency," he said, quoted from the Presidential Secretariat's YouTube, Friday, May 9.

Rosan also said that the direction for delaying the GMS was also intended so that Danantara could review the composition of high-ranking state-owned companies.

Furthermore, Rosan said this step is also in line with the government's desire for SOEs to be filled by the best talents based on the meritocracy system.

"What is chosen is that you (President) say it's the best brain, best talent based on meritocracy. So what is based on the best," he said.

For example, continued Rosan, when the government chooses who is considered appropriate to be included in the ranks of the Indonesian Danantara management.

Like us, when choosing the Danantara team, it is the best team in its field. Because you (President) said you love the country. If you love the country, you don't do negative things, corruption and others," he said.

The following are the directive points in the Danantara circular to BUMN and its subsidiary:

a. Postponing all General Meetings of BUMN Shareholders and direct and indirect subsidiaries of SOEs (except for SOEs and subsidiaries in the form of public companies) before obtaining a thorough study and evaluation first from BPI Danantara and Holding Operations.

b. All corporate action activities (including but not limited to merger, takeover, separation, investment, divestment) and significant long-term contracts, must first obtain a thorough study from BPI Danantara and Holding Operations.

c. Make reports regularly and regularly according to corporate needs to BPI Danatara and Holding Operations.