President Prabowo Subianto recently announced his decision to eliminate the profit-sharing bonus scheme, known as tantiem, for commissioners and directors of state-owned enterprises (SOEs) that are operating at a loss. He emphasized the need to cut down on excessive expenses and ensure transparent financial management within these companies. Prabowo expressed his disbelief at the extravagant tantiem payments received by some commissioners who rarely attended meetings, calling the practice absurd. He also pointed out the need for real profits and efficiency in managing SOEs, emphasizing the importance of safeguarding public funds and ensuring tangible benefits from government spending. Additionally, Prabowo highlighted the excessive number of commissioners in some loss-making SOEs and emphasized the role of the Danantara Investment Authority in restructuring and improving the management of these companies. By prioritizing accountability, efficiency, and transparency, Prabowo aims to enhance the quality of state spending, promote job creation, strengthen purchasing power, and improve public services for the benefit of the Indonesian people.
Prabowo Criticizes Scrapping of SOE Bonuses: A Strategic Move?
