BSI Awaits OJK Approval for New Commissioners Following Management Reshuffle

Background on Recent Corporate Changes

PT Bank Syariah Indonesia Tbk (BRIS) conducted a significant management reshuffle in May 2025, affecting both its board of directors and commissioners. While some appointments have received regulatory approval, three commissioner positions remain pending with the Otoritas Jasa Keuangan (OJK).

Commissioners Awaiting Approval

The three commissioners whose appointments are still under review by OJK are Meidy Ferdiansyah, Muhammad Syafii Antonio, and Addin Jauharudin. Their names were notably absent from BSI's recent announcement of OJK-approved directors and commissioners, indicating that their fit and proper tests are still ongoing.

Regulatory Process and Implications

The OJK's fit and proper test is a mandatory regulatory requirement for senior management and board members of financial institutions in Indonesia. This thorough vetting process ensures that individuals holding these positions possess the necessary qualifications, experience, and integrity to manage financial institutions effectively.

Market Impact and Future Outlook

The delay in approval for these commissioner positions may have implications for BSI's corporate governance and strategic decision-making processes. However, the bank has not indicated any significant operational disruptions resulting from these pending appointments. The situation is being closely monitored by market participants as it may reflect on the bank's governance practices and regulatory compliance.