IDClear Corporate Governance Practice Assessment
As part of implementing Good Corporate Governance (GCG) principles in practice, IDClear conducts regular annual assessments. The results of these routine assessments are expected to provide IDClear with an overview of its governance performance, while also identifying areas that require improvement for future enhancement. In 2025, IDClear, together with the Indonesia Stock Exchange and the Indonesia Central Securities Depository, carried out a harmonization of the assessment of GCG implementation among Self-Regulatory Organization (SRO). This harmonization requires SRO to maintain governance consistency across infrastructures in order to enhance market confidence in the industry, improve the competitiveness of SRO at both regional and global levels, and strengthen supervisory and transparency functions in line with the development of SRO services.
The Harmonized SRO GCG Assessment Framework used in this evaluation was developed through a series of systematic and structured methodological stages. The methodology for developing the assessment and governance framework includes several phases, such as desk reviews of relevant references and applicable regulations, benchmarking against relevant and applicable SRO practices, as well as intensive discussions between IDClear and the assessment consultant, including a review of testing factors aligned with the assessment methodology requirements.
The assessment system for the implementation of Good Corporate Governance for the IDX, IDClear, and KSEI within this harmonization adopts a structured approach divided into two levels to ensure sound capital market governance. Level 1 focuses on compliance with regulations, while Level 2 emphasizes the adoption of best practices in governance, including references to international standards and governance guidelines that are not always mandatory for SRO. Both levels are designed with distinct focuses but are complementary to each other.
The assessment of GCG implementation for SRO (IDX, IDClear, KSEI) in 2025 was conducted in collaboration with an independent consultant, RSM Indonesia. The total GCG score for governance implementation at IDClear in 2025 reached 90.80%, reflecting a very strong level of implementation in which the company has met nearly all assessment parameters. Governance practices have been integrated into business processes, with almost all policies, procedures, and supporting activities in place and functioning effectively to ensure consistent implementation of good corporate governance.