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Wealth report required for state enterprises execs
The State-Owned Enterprises (SOE) Ministry will, starting this year, require executives and high-ranking employees at state-owned enterprises to submit their wealth reports two months after being appointed to their new positions
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he State-Owned Enterprises (SOE) Ministry will, starting this year, require executives and high-ranking employees at state-owned enterprises to submit their wealth reports two months after being appointed to their new positions.
“The wealth report is very important for candidate transparency, and it will be an administration requirement for candidates before working as executives in state firms,” the ministry secretary, Said Didu, told reporters Tuesday.
New executives must submit the reports two months after being installed to submit to prevent the dismissal of their positions.
“This is a new requirement for SOE executives. Candidates will fail if they cannot summit their wealth reports,” Said said.
“The new requirement of the wealth report will help the ministry collect reports before submitting them to the Corruption Eradication Commission [KPK].”
Executives who are required to submit wealth reports include commissioners, directors and high ranking officials one level below the board of directors and those in strategic positions, and directors of state enterprises’ subsidiaries.
Said acknowledged that the ministry had faced difficulties in collecting wealth reports from existing SOE executives.
“I’ve sent notification letters twice to executives asking them to directly summit their wealth reports.
I’ve also phoned each of them as a reminder,” he said, adding that all executives had to summit wealth reports before June 5, otherwise they would face punishment from the ministry. However, Said did not disclose what punishment would be imposed on executives who breached this ruling.
The ministry plans to submit the wealth reports to the KPK on June 11.
It recorded that there were about 6,300 SOE executives who had to submit their wealth reports while the KPK gave a higher figure of more than 10,200 executives. The deadline to submit the SOE executives’ wealth reports to the KPK has been delayed several times. The initial deadline was December last year before being extended to June. Said refused to reveal how many SOE executives had submitted their wealth reports saying the figure tended to change. It was previously reported in March that about 60 percent of SOE executives had handed over their reports.
Said disclosed that state railway operator PT Kereta Api was the most committed company with
273 of 472 executives having submitted their wealth reports. “Meanwhile, one of the largest state companies is under supervision because it has yet to submit any wealth reports,” he said, declining to give the company’s name.
State-Owned Enterprises Minister Mustafa Abubakar was scheduled to meet with KPK on Tuesday to discuss SOE wealth reports but they had to reschedule the plan due to the minister’s tight schedule.
The 1999 Corruption, Collusion and Nepotism-free Governance Law mandates the KPK collect and publish wealth reports from state officials. While the law requires state officials, including SOE executives, to submit wealth reports, it does not stipulate specific punishment for those who do not submit them.
