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Ombudsman warns of conflict of interest in OJK selection committee
The Indonesian Ombudsman says some members of the selection committee for Financial Services Authority (OJK) positions came from entities under OJK supervision.
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The Financial Services Authority (OJK) selection committee headed by Finance Minister Sri Mulyani Indrawati (center, wearing red batik) poses for a photo at the Finance Ministry on Dec. 31, 2021. (JP/Vincent Fabian Thomas)
T
he Indonesian Ombudsman has asked the government to address possible conflicts of interest within the Financial Services Authority (OJK) selection committee, as some of the members came from companies or institutions under OJK supervision.
Indonesian Ombudsman member Yeka Hendra Fatika said on Monday that at least five individuals – more than half of the committee – were affiliated with companies or institutions fitting that criterion.
He suggested the government alter the selection committee to uphold principles of independence, accountability, transparency and fairness.
“Conflicts of interest may occur if selection committee members have an affiliation with or influence on the persons who will be elected and supervise them,” Yeka said in a statement.
“The President could [consider] withdrawing officials who are still holding office in institutions that are under regular OJK supervision,” he added.
Read also: OJK suspends issuance of permits for investment firms
Yeka told The Jakarta Post that the first two were Julian Noor, independent commissioner of state-owned PT Reasuransi Indonesia Utama, and Chatib Basri, president commissioner of state-owned Bank Mandiri. In the committee, each was said to represent their respective industry, which was supervised by the OJK.
