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Perspective

Governance Gaps In SOE Bonus Practices

Oleh Eko B. Supriyanto
Sumber : Infobank

Sumber : Infobank

WHISPERS about the massive bonuses of State-Owned Enterprises (SOEs) directors and commissioners have suddenly become an open discussion. It’s not the amount that’s the problem, but rather how those hefty bonuses are earned. Some companies with mediocre performance or even declining performance as reflected by plunging stock prices, rising non-performing loans in banks, and weakening provisions still report strong profits. The truth? These are inflated profits, carefully engineered. 

Dony Oskaria has shed light on the schemes used by SOE directors to secure large bonuses. According to the Chief Operating Officer of the Sovereign Wealth Fund or as known as Badan Pengelola Investasi Daya Anagata Nusantara (Danantara Indonesia), these directors, often with the approval of commissioners are suspected of manipulating financials to present a falsely positive bottom line. 

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