Indonesia: Corporate Governance

On 20 May 2026, the President of the Republic of Indonesia enacted Government Regulation (“GR”) No. 24 of 2026 on the Governance of Export of Strategic Natural Resource Commodities (“GR 24/2026”), which took effect on 1 June 2026. Note that while GR 24/2026 is already in force, the requirement to export Strategic Commodities exclusively through the designated state-owned enterprise is subject to a separate transition deadline, discussed further below under "Transitional Arrangements".

Indonesia’s economy continues to grow at some pace, with Gross Merchandise Value projected to more than double by the end of the decade.

On March 31, 2026, through Decree No. Kep-00045/BEI/03-2026, the IDX issued its revised rules for listing on the main board and development board (the IDX Listing Rule).

SSEK Law Firm has contributed the Indonesia chapter to the 2024 ESG in APAC guide.

Given that the BOD is vested with the authority to conduct the management of the company, all decisions related to the company's management fall under the purview of the BOD.

For private companies in Indonesia, Environmental, Social and Governance (ESG) reporting generally aligns with the requirements outlined in the Company Law (Law No. 40 of 2007 regarding Limited Liability Companies...

This article is the third in CNPUpdate's series on Indonesia Investment Updates, and aims to provide you with a general overview of the laws and regulations governing foreign investments

In today's global economy, bribery has a wide-spread effect that encompasses social, moral and political concerns, in addition to undermining good corporate governance and healthy competition.

Corporate governance is slowly but surely being implemented in Indonesia. The typical form of corporate/business organisation in Indonesia is a limited liability company...