October 16, 2025 | 05:12 pm
TEMPO.CO, Jakarta - The Investment Management Agency of Danantara Indonesia stated that the elimination of bonuses (tantiem) for State-Owned Enterprises (SOE) commissioners resulted in savings of Rp8.2 trillion. According to Danantara's Chief Investment Officer, Pandu Sjahrir, the saved funds will be redirected for investment.
Pandu revealed the reason behind eliminating the SOE commissioners' bonus. "Our (Indonesia's) commissioners are comparatively, sorry to say, too expensive. This is something we need to change in terms of tantiem and everything," said Pandu during the One Year of Prabowo-Gibran Government event at Hotel JS Luwansa, Jakarta, on Thursday, October 16, 2025.
Meanwhile, Pandu mentioned that SOE directors can still receive bonuses as they are required to work and be globally competitive. According to Pandu, Danantara strives to encourage the productivity of SOE companies to become nationally large-scale companies. Furthermore, he stated that SOEs that do not have the opportunity to scale up to the national level will be merged with other companies or closed.
The elimination of SOE commissioners' bonus is stated in a letter with number S-063/DI-BP/VII/2025 signed by the Chief Executive Officer of Danantara Indonesia, Rosan Roeslani. The regulation includes a clause that prohibits commissioners from receiving tantiem and incentives in any form based on the performance of red-plate companies.
Referring to the official letter received by Tempo on Friday, August 1, 2025, there are 102 BUMNs listed in the appendix of the instruction letter. Some of them are PT Garuda Indonesia (Persero) Tbk, PT Telekomunikasi Indonesia (Persero) Tbk, or Telkom, PT Pertamina (Persero), PT Jasa Marga (Persero) Tbk, PT Semen Indonesia (Persero) Tbk, PT Pelabuhan Indonesia (Persero), PT Pos Indonesia (Persero), and others.
In addition to regulating the provision of bonuses and incentives for the board of commissioners, Danantara Indonesia also applies the same scheme for the board of directors. However, the board of directors in SOE and its subsidiaries can still receive tantiem and incentives if the financial reports truly reflect sustainable operational performance.
Alif Ilham Fajriadi contributed to the writing of this article
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