A corporate governance guideline—issued by the regulatory authority in Indonesia (OJK) responsible for the financial and capital market sector—requires public companies to disclose their adherence to the guidelines (or to explain the reasons for non-compliance) beginning with the 31 December 2016 annual reports.
The “comply or explain” approach follows a corporate governance “roadmap” released in 2014.
Read an April 2016 report [PDF 504 KB] prepared by the KPMG member firm in Indonesia: OJK-Corporate Governance Guideline for Public Companies
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