Costly and lengthy regulatory barriers, accompanied by sluggish markets, have long been reasons for companies and their shareholders to look for alternatives to Initial Public Offerings (IPOs). A popular alternative has often been to pursue backdoor listing – often accomplished through a reverse merger, exchange offer, or rights offer, for instance. Because backdoor listings are often not under the strict oversight of listing rules and regulations, it is argued that they are prone to fraud and abuse. This report provides four regulatory strategies for consideration by policy makers in Indonesia, in order to support their efforts to improve listing and corporate governance standards.
English, PDF, 360kb
Poor corporate governance was identified as a major factor in Indonesia’s economic crisis in 1997. Since then a wide range of laws and regulations have been introduced and standards developed. Sound corporate governance will reassure stakeholders that their rights are protected, thus building confidence and trust in doing business in Indonesia.
English, PDF, 357kb
Infrastructure investment in Indonesia was seriously impaired by the 1997 Asian financial crisis. Indonesia plans to increase investment sharply through both public spending and private finance. Yet, Indonesia lacks suitable long-term investment vehicles and capital markets are still developing.
This dialogue between Indonesia and the OECD supports policy makers in their efforts to enhance disclosure of beneficial ownership and control as part of overall efforts to improve corporate governance standards and practices in Indonesia.
ASEAN-OECD Investment Programme fosters dialogue and experience sharing between OECD members and ASEAN member states to enhance the investment climate in the region.
Legislative and regulatory policy options for sustainable capital markets - A good corporate governance framework should combine transparency, accountability and integrity and this requires knowledge of beneficial ownership. This report assesses the costs, benefits and practicalities of different approaches, suggesting policy options to better identify ultimate beneficial ownership in Indonesia.
A first consultative meeting of the OECD-Indonesia Policy Dialogue took place on 5 October 2011, back-to-back with the annual meeting of the Asian Roundtable on Corporate Governance. The discussion focused on enhancing disclosure of beneficial ownership and control in Indonesia.
The 2011 Asian Roundtable meeting in Bali, Indonesia, focused on challenges and reform priorities in Asia's corporate governance landscape and corporate governance developments in Indonesia.
This conference focused on experiences with investment policy reforms, ways to achieve a better investment environment and the role of international investment agreements in ASEAN.
This investment policy review charts Indonesia’s progress in developing an effective policy framework to promote investment for development.