The Financial Services Authority (“OJK”) has issued Regulation No. 2/POJK.05/2014 of 2014 on Good Corporate Governance for Insurance Companies (“2014 Regulation”). This represents an effort by the OJK to avoid another financial crisis like in 1998 and 2008, [1] by establishing provisions on good corporate governance (“GCG”) for the insurance sector.
Makeover of Corporate Governance for Insurance Companies by OJK
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