Danantara Boss Regarding Reshuffle Of Tantiem Rules For Directors And Commissioners: Complete Improvements

Danantara's Chief Executive Officer (CEO), Rosan Perkasa Roeslani. (Photo: Aris Nurjani/VOI)

JAKARTA - The Anagata Nusantara Power Investment Management Agency (BPI Danantara) has overhauled the rules for providing bonuses and incentives for the board of directors and commissioners of State-Owned Enterprises (BUMN).

Danantara's Chief Executive Officer (CEO), Rosan Perkasa Roeslani said, this step was taken as part of the BPI Danantara's big agenda to build a more accountable, efficient, and public-oriented SOE management system.

"This arrangement is a comprehensive improvement to the way the state provides incentives. With this policy, we want to ensure that every award, especially in the board of commissioners, is in line with its contribution and real impact on the governance of related SOEs," said Rosan in an official statement, Friday, August 1.

Furthermore, Rosan emphasized that this policy is not a form of cutting honorarium, but an alignment of the remuneration structure so that it is in accordance with the practice of global best corporate governance.

"Commissioners will still receive a decent monthly income in accordance with their responsibilities and contributions," he said.

Rosan also said that his party wanted to show that efficiency does not mean reducing quality, and reform does not mean instant.

"But if the state wants to be trusted to manage investment, then we have to start from within, from how we value the contribution," he said.

Rosan explained that this new structure adopted the best global practice that established a fixed income system and did not recognize profit-based variable compensation for the commissioner position.

According to Rosan, a similar principle is also listed in the OECD Guidelines on Corporate Governance of State-Owned Enterprises, which emphasizes the importance of fixed income to maintain oversight independence.

This policy, he continued, is part of the BPI Danantara's larger structural reform agenda in building investment governance and SOEs based on transparency, efficiency, and public accountability.

"The adjustment of tantiem is also designed as a foundation to review the entire remuneration system in BUMN," 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, 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.

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.

Berdasarkan surat tersebut, anggota direksi BUMN dan anak usahanya masih bisa menerima tantiem dan insentif dari kinerja perusahaan.

Namun, pemberian tantiem, dan insentif baik dalam bentuk insentif kinerja, insentif khusus, dan atau insentif jangka panjang harus didasarkan pada laporan keuangan yang sebenar-benarnya dari hasil operasi perusahaan dan merefleksikan kegiatan usaha yang berkelanjutan.

Insentif ini tidak boleh dihitung dari aktivitas non-operasional. Seperti keuntungan revaluasi aset, penjualan aset, atau transaksi satu kali lain yang tidak berulang.

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Based on the letter, members of the SOE board of 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.