FILE PHOTO: A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. REUTERS/Willy Kurniawan/File Photo
JAKARTA: State asset fund Danantara has announced a major overhaul of bonus and compensation rules for state-owned enterprises (SOE) directors and commissioners, aligning rewards with global standards of corporate governance.
Under the new rules, directors’ incentives will be strictly tied to measurable operational outcomes and financial performance, based on audited statements that reflect actual business conditions.
