Danantara Bans SOE Commissioners From Getting Tantiem And Incentive Allotments

The Danantara Indonesia office building. (Photo: Special)

JAKARTA - The Anagata Nusantara Power Investment Management Agency (BPI Danantara) has banned the board of commissioners of State-Owned Enterprises (BUMN) and its subsidiaries from obtaining bonuses from the company's performance.

In addition, incentives are also not allowed.

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.

Meanwhile, 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.