THE BOARD OF GOVERNORS
:: Appointment and Dismissal of Board of Governors
In implementing its duties and responsibilities, Bank Indonesia is managed by the Board of Governors. The Board is led by a Governor who is assisted by a Senior Deputy Governor as the Vice-Governor, and at least four and not more than seven Deputy Governors. The Members of the Board of Governors shall be appointed for a term of office of 5 (five) years and may be reappointed to the same position for no more than 1 (one) subsequent term of office.
The Governor, Senior Deputy Governor, and Deputy Governors shall be proposed and appointed by the President with the approval of the House of Representatives. Candidates for Deputy Governor shall be proposed by the President pursuant to a recommendation of the Governor (vide Article 41 Act No.3, year 2004 amandment to Act No.23, year 1999). A member of the Board of Governors may not be dismissed during his or her term of office, unless the person are resigns, convicted of a felony, unable to attend in person for a period of 3 (three) consecutive months without reasonable cause, is declared bankrupt or unable to settle liabilities to creditors, or is permanently incapacitated.
:: Decision Making Process
As the Bank’s highest decision making forum, the Board of Governors Meeting is conducted at least once every month to deliberate and to decide on general policy on monetary affairs, and at least once a week to evaluate policy implementation or to decide on other strategic and principle policy. The Board’s decision making process puts emphasis on deliberations - to reach - agreement. When deliberations fail to produce an agreement, the Governor will exercise his authority to decide for the Board.
:: Board of Governors Profile