Good Corporate Governance for Securities Companies Acting as Securities Underwriters and Securities Brokers

The Financial Services Authority (Otoritas Jasa Keuangan- “OJK” ) has issued Regulation No. 57/POJK.04/2017 on the Implementation of Good Corporate Governance by Securities Companies Acting as Securities Underwriters and Securities Brokers ("Regulation 57/2017") , with the overall objective of improving the quality of securities companies, as well as ensuring customer protection. [1] In order to achieve this objective, securities companies acting as securities underwriters and brokers within the capital market (collectively refer to as “ Companies ”) are required to implement good corporate governance (“GCG”) principles, which are to be addressed in terms of the following issues: