President Prabowo Subianto recently announced the elimination of the bonus scheme, known as tantiem, for commissioners and directors of state-owned enterprises (SOEs) that are not making profits. He also emphasized the need to reduce the number of commissioners in these companies. Prabowo criticized the absurd practices related to tantiem, stating that some commissioners received substantial bonuses despite minimal involvement in meetings. He called for transparency in profit reporting and warned that directors would not receive bonuses if the company is operating at a loss. Prabowo emphasized the importance of prudent spending of public funds and the need for state spending to create tangible benefits, generate employment, and enhance public services. He also highlighted the role of the Danantara Investment Authority in reforming the management of SOEs, including streamlining the number of commissioners to ensure efficiency. Prabowo’s actions aim to enhance accountability and fiscal responsibility in the management of SOEs and public funds.
Prabowo Criticizes Scrapping of SOE Bonuses: “It’s Just a Ploy!”
