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• August 7, 2025

CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA NUMBER 14/SEOJK.03/2025 CONCERNING THE IMPLEMENTATION OF CORPORATE GOVERNANCE FOR COMMERCIAL BANKS (SEOJK 14/2025)

SUMMARY:

• SEOJK 14/2025 was established to follow up on the issuance of POJK Number 17 of 2023 concerning the Implementation of Governance for Commercial Banks (State Gazette of the Republic of Indonesia of 2023 Number 30/OJK, Supplement to the State Gazette of the Republic of Indonesia Number 53/OJK) and POJK No. 2 of 2024 on the Implementation of Sharia Governance for Sharia Commercial Banks and Sharia Business Units (Official Gazette of the Republic of Indonesia Year 2024 No. 4/OJK, Supplement to the Official Gazette of the Republic of Indonesia No. 72/OJK).
• SEOJK 14/2025 regulates guidelines or provisions for the implementation of governance for Commercial Banks, which refines the two previous provisions, namely OJK Circular Letter No. 13/SEOJK. 03/2017 on the Implementation of Governance for Commercial Banks and BI Circular Letter No. 12/13/DPbS on the Implementation of Good Corporate Governance for Islamic Commercial Banks and Islamic Business Units.
• SEOJK 14/2025 regulates the following:

1. 1. The implementation of the duties, responsibilities, and authorities of the Board of Directors and the Board of Commissioners;
   2. The completeness and implementation of committee duties;
   3. The handling of conflicts of interest;
   4. The implementation of compliance functions, internal audit functions, and external audit functions.
   5. The implementation of risk management, including internal control systems;
   6. The provision of remuneration;
   7. The provision of funds to related parties and the provision of large funds;
   8. The integrity of reporting and information technology systems;
   9. The Bank’s strategic plan;
   10. Shareholder aspects;
   11. Implementation of anti-fraud strategies, including anti-bribery;
   12. Implementation of sustainable finance, including the implementation of social and environmental responsibility; and
   13. Implementation of governance in KUB.

• SEOJK 14/2025 regulates the scope and procedures for submitting governance implementation reports.
• SEOJK 14/2025 regulates the working paper or self-assessment matrix for the implementation of corporate governance.

OTHER PROVISIONS:

• SEOJK 14/2025 was issued on June 24, 2025.
• SEOJK 14/2025 takes effect on the date of issuance.
• Upon the effective date of SEOJK 14/2025:

1. 1. Financial Services Authority Circular Letter No. 13/SEOJK.03/2017 on the Implementation of Governance for Commercial Banks;
   2. BI Circular Letter No. 12/13/DPbS on the Implementation of Good Corporate Governance for Sharia Commercial Banks and Sharia Business Units; and
   3. Appendix II of Financial Services Authority Circular Letter No. 10/SEOJK.03/2014 on the Assessment of the Health of Islamic Commercial Banks and Islamic Business Units, are revoked and declared invalid.

Author: Evi Mutiara

Download: 

SEOJK Nomor 14 Tahun 2025.pdf

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