In an attempt to establish greater transparency and accountability as regards the use of expert staff by state-owned enterprises (badan usaha milik negara– “ BUMN ”), [1] the Minister of BUMN (“ Minister ”) recently issued Circular No. SE-9/MBU/08/2020 of 2020 on Expert Staff for the Boards of Directors of BUMN (“ Circular 9/2020 ”), which simultaneously repeals and replaces previous circulars which addressed this matter, specifically: [2]

Use of Expert Staff at BUMN Clarified
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