IFC has always believed that the private sector is a powerful driver of growth. However, the private sector will not be able to access capital markets, let alone thrive without a consistent regulatory framework and proper supervision and enforcement. Financial Services Authority (OJK’s) commitment to its vision and mission is commendable and should be supported by all market players. Since 2012, IFC’s Indonesia Corporate Governance Project has assisted the OJK to embark on a far-reaching, multi-year reform to strengthen the country’s corporate governance framework and investment climate. This cooperation needs to continue to raise governance standards among Indonesian companies, promote transparency and accountability in the corporate sector, and enhance public trust and confidence in Indonesian capital markets.
Details
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Author
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Document Date
2021/07/26
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Document Type
Brief
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Report Number
162125
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2021/07/26
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Disclosure Status
Disclosed
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Doc Name
IFC and OJK Raising the Bar on Environmental, Social, and Corporate Governance Standards
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Keywords
corporate governance; Environmental and Social Performance; large bank; sustainable business activity; Environmental and Social Impact; chairman board; small and medium enterprise; positive impact; good corporate governance; international good practice; assessment criterion; corporate transparency; average score; local regulation; access to capital; role of bank; corporate governance regulation; minority investor protection; sustainable development goals; interests of consumer; capacity building program; corporate governance framework
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Citation
Lazarus,Kate M. Pratiwi,Rahajeng Erkurtoglu Savas,Leyal
IFC and OJK Raising the Bar on Environmental, Social, and Corporate Governance Standards (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/596901627307022166/IFC-and-OJK-Raising-the-Bar-on-Environmental-Social-and-Corporate-Governance-Standards