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View all search resultsSOEs to save Rp 8t from bonus, incentive cuts: Danantara
Danantara implemented the recent reform amid heightened scrutiny over SOE governance practices, following a wave of controversial political appointments to the board of commissioners.
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The logo of the State-Owned Enterprises (SOEs) Ministry is seen on Jan. 1 installed in front of the ministry's building in Jakarta. (Shutterstock/Zaen_M)
S
tate asset fund Danantara CEO Rosan Roeslani has projected that budget savings in state-owned enterprises (SOEs) could reach up to Rp 8 trillion (US$489 million) annually by eliminating or reducing tantième (bonuses), incentives and other forms of income for their board of commissioners.
Danantara has issued Circular Letter No. S-063/DI-BP/VII/2025, which stipulates that bonuses for directors may only be granted based on operational performance and financial reports that reflect the actual business conditions of SOEs.
Effective starting in the 2025 fiscal year, the circular also prohibits bonuses for commissioners at SOEs and their subsidiaries.
“Based on what we’ve done, the savings could conservatively amount to around Rp 8 trillion per year,” Rosan said in a press release on Wednesday.
He added that a comprehensive analysis had been conducted in formulating the policy, which was presented to President Prabowo Subianto during a plenary cabinet meeting at the State Palace that same day.
According to Danantara, the policy is based on global benchmarks, including the OECD Guidelines on Corporate Governance of SOEs, which recommend fixed remuneration for supervisory roles to uphold impartiality and accountability.
The move is part of a broader structural reform agenda aimed at fostering a more transparent, accountable and efficient SOE ecosystem, one that prioritizes public interest over personal gain.
