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View all search resultsSeveral new articles included in the revised State-Owned Enterprises (SOEs) Law suggest that state-owned firm’s directors, commissioners and supervisory board members are not considered state officials, potentially limiting the antigraft body’s authority over them.
Adopting at least four of the Santiago Principles, described as "the globally accepted standards for governance, investment and risk management practices for sovereign wealth funds" by the SWF international forum, will help ensure the independence, transparency and attractiveness of the nascent Danantara fund.
Growing public distrust of the newly formed sovereign wealth fund, Daya Anagata Nusantara (Danantara), has sparked online discussions on switching banks and cash withdrawals, leading analysts to debate the actual risks of a potential bank run or the ensuing economic crisis.
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