Bisnis.com, JAKARTA – The Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX) have officially enforced the rules for multiple voting shares (MVS) as of earlier this month. One of the stimuli that startups are waiting for, such as the joint entity of Gojek and Tokopedia, GoTo.
However, this policy is apparently not the only step taken by regulators and authorities in order to invite more technology companies to list on the stock exchange.
IDX Director of Corporate Valuation I Gede Nyoman Yetna explained that at least as of today, his agency and OJK have rolled out five breakthroughs. And, these breakthroughs called Nyoman will continue to grow over time.
“In principle, we want to accommodate companies from all sectors and all sizes to enter the capital market. New economy and technology are included in it and because of that we want to make them more confident,” said Nyoman in the Business Indonesia Business Challenge 2022 discussion, Wednesday (12/15/2021).
The POJK on MVS regulates the mechanism of share ownership with more than one vote in each share. Permits for this kind of ownership status have been allowed by the stock exchange in order to maintain the direction of new companies. In particular, technology companies must stick to the plan of the founders, even though they have sold their shares to the public.
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