Regulatory Alerts2009-12-07
Bank Indonesia Regulation on Good Corporate Governance for Islamic Commercial Banks and Islamic Business Units
Bank Indonesia issued Regulation Number 11/33/PBI/2009 to mandate the implementation of Good Corporate Governance principles within Islamic Commercial Banks and Islamic Business Units. The regulation establishes detailed requirements for the Board of Commissioners and Board of Directors, including specific composition rules, independence criteria, and mandatory oversight committees. It further defines the operational responsibilities, meeting protocols, and transparency obligations necessary to ensure compliance with Sharia principles and protect stakeholder interests.
Share