- Key government sites
- Regulatory agencies and stock exchanges
- Accounting and auditing sites
- Activist and educational organisations
- Professional organisations
1. Key government sites
Bank Indonesia (BI): www.bi.go.id
Bank Indonesia is Indonesia’s central bank. An excellent site that has improved steadily. Clean, easy to navigate, and full of information and data--in English as well as Bahasa--on Indonesia's economy and financial system. Although there is not a great deal on the corporate governance of banks, look under "Regulations" for some relevant new rules (eg, in January and October 2006). Probably the best financial website in Indonesia.
The National Committee on Governance (NCG): www.governance-indonesia.com
In 1999 the Indonesian government formed the National Committee on Corporate Governance (NCCG), one of whose first tasks was the drafting of the "Indonesian Code of Good Corporate Governance", published in 2001. In 2004, the Committee's name was changed to The National Committee on Governance (Komite Nasional Kebijakan Governance), the aim being to revitalize the former NCCG and broaden its scope to cover public as well as corporate governance. NCG has a bold ambition: to "transform Indonesia into a country with one of the best applications of good governance" and to be among the top quartile of countries in international surveys of good governance by 2009. Taking its website as a measure of progress, however, the NCG has not been as active as its objectives would suggest. The site aims to be useful (eg, it has some helpful links, speeches and documents), yet remains quite light on content.
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2. Regulatory agencies and stock exchanges
Capital Market Supervisory Agency (BAPEPAM): www.bapepam.go.id
BAPEPAM is the main securities regulator in Indonesia. Although information-rich and easy to navigate, this site regrettably contains no English version. It does provide translations of some important new documents, however, including Indonesia's new code on corporate governance (published October 2006), the agency's annual report, and a new assessment of the country's accounting and auditing standards. (Note: This is a new site for Bapepam. Its old site can still be accessed and has an English side.)
Indonesia Stock Exchange (IDX): www.idx.co.id
IDX became Indonesia's sole stock exchange in 2007 when the Surabaya Stock Exchange merged with the Jakarta Stock Exchange (JSX), which then changed its name to the Indonesia Stock Exchange. The English version of the website is easy to navigate, providing issuer announcements, IDX rules and a link to BAPEPAM, the securities regulator. However, the issuer announcements seems to only date back to 2008, even with companies that have been listed since 1993.
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3. Accounting and Auditing Sites
The Indonesian Institute of Accountants (IAI): www.iaiglobal.or.id
The Indonesian Institute of Accountants, established in 1957, is the main professional organisation for accountants in Indonesia. IAI has participated in discussions on corporate governance and was a member of the committee that drafted the Indonesian Code of Good Corporate Governance in 2001. Although this website contains a large amount of information and is easy to use, it is almost entirely in Bahasa.
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4. Activist and educational organisations
The Indonesian Society for Transparency (MTI): www.transparansi.or.id
MTI is a civil organization that aims to report on and eradicate corruption in Indonesia. This well-organised and busy website includes a section on public governance, but all its information is in Bahasa.
The Indonesian Institute for Corporate Governance (IICG): www.iicg.org
IICG is an independent organisation formed in June 2000 that undertakes research and educational work on corporate governance. One of its main projects has been the "Corporate Governance Perception Index", an annual assessment and corporate award scheme instituted in 2001. The site is now a member only site and while information is still available for visitors, it is in Bahasa.
Forum for Corporate Governance in Indonesia (FCGI): www.fcgi.or.id
FCGI, formed in February 2000 by five professional and business associations in Indonesia, describes its mission as: "Stimulating good corporate governance, sustainability and corporate responsibility in Indonesia". Currently, the FCGI has 10 members since 5 others associations have joined the FCGI since 2000.
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5. Professional organisations
Indonesian Institute for Corporate Directorship (IICD): www.iicd.or.id
The Institute is a non-profit organisation established in 2000 to help directors and commissioners implement corporate governance reforms. Its main activity is the organisation of director training courses. This site is largely brochureware and does not contain additional resources.
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