Jakarta (VNA) – The Indonesian Corruption Eradication Commission (KPK) has reminded foreign nationals serving as executives at local state-owned enterprises that they are required to file asset declarations, saying nationality does not exempt senior executives from the country's public wealth disclosure rules.
As reported by the Jakarta Globe, the clarification was issued on June 29 following a meeting with Danantara Indonesia, the country's sovereign investment agency that oversees state-owned enterprises.
Aminuddin, the KPK's deputy for prevention and monitoring, said foreign executives occupying top management positions at state-owned companies are classified as state officials under Indonesian law and must submit asset declarations in the same manner as their Indonesian counterparts.
Foreign nationals who serve as top management at state-owned enterprises are not exempt from the law requiring public officials to report their assets, Aminuddin noted.
The clarification comes as Danantara expands its role in overseeing Indonesia's vast portfolio of state-owned assets under the government's broader effort to improve corporate governance and operational efficiency across state enterprises.
According to Danantara, wealth disclosure is a legal obligation for all senior executives at state-owned enterprises and a key element in strengthening transparency, integrity, and accountability within Indonesia's public corporate sector./.
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