Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami RED, Jazmi Adlan Bohari
The Association of Indonesian Capital Market Legal Consultants (HKHPM) celebrated its 25th anniversary last Friday. In commemoration of the event, HKHPM used the occasion to reiterate the prohibition on its members from colluding with any party to give false and misleading information to the investing public.
Indra Safitri, Chairman of HKHPM, made it clear that all HKHPM members should uphold their independency and professionalism in conducting their duties and responsibilities under HKHPM’s code of ethics and professional standards.
All HKHPM members, according to Mr. Safitri, must develop competency and legal knowledge so that Indonesian lawyers can compete with foreign lawyers.
Mr. Safitri also hopes that as a professional legal organization HKHPM will adhere to high governance standards which will be beneficial to all members. As such, HKHPM will always encourage and be committed to its lawyers and legal consultants being one of the most respected professions in Indonesia.
Further, Mr. Safitri said that HKHPM emphasizes the importance of legal enforcement in the capital markets as the key to protecting the interests of investors, minority shareholders, and consumers of financial services.
Unfortunately, Mr. Safitri acknowledges that current legal enforcement is still lacking. Institutions such as the Financial Services Authority (OJK), Bank Indonesia, the National Police, and the Attorney Generals Office, are often seen as sluggish in the prevention of “white collar crime” in the capital markets and financial services.
He therefore stressed that such crimes must be pursued legally other means than simple fines because monetary penalties are often insufficient to create a deterrent effect.
“There is imbalance between the stolen money and the fines. In addition, the reputations of the capital markets industry and financial services in Indonesia are damaged which cannot be measured by numbers,” Mr. Safitri concluded.
(hot/kc)
RED, Jazmi Adlan Bohari
The Association of Indonesian Capital Market Legal Consultants (HKHPM) celebrated its 25th anniversary last Friday. In commemoration of the event, HKHPM used the occasion to reiterate the prohibition on its members from colluding with any party to give false and misleading information to the investing public.
Indra Safitri, Chairman of HKHPM, made it clear that all HKHPM members should uphold their independency and professionalism in conducting their duties and responsibilities under HKHPM’s code of ethics and professional standards.
All HKHPM members, according to Mr. Safitri, must develop competency and legal knowledge so that Indonesian lawyers can compete with foreign lawyers.
Mr. Safitri also hopes that as a professional legal organization HKHPM will adhere to high governance standards which will be beneficial to all members. As such, HKHPM will always encourage and be committed to its lawyers and legal consultants being one of the most respected professions in Indonesia.
Further, Mr. Safitri said that HKHPM emphasizes the importance of legal enforcement in the capital markets as the key to protecting the interests of investors, minority shareholders, and consumers of financial services.
Unfortunately, Mr. Safitri acknowledges that current legal enforcement is still lacking. Institutions such as the Financial Services Authority (OJK), Bank Indonesia, the National Police, and the Attorney Generals Office, are often seen as sluggish in the prevention of “white collar crime” in the capital markets and financial services.
He therefore stressed that such crimes must be pursued legally other means than simple fines because monetary penalties are often insufficient to create a deterrent effect.
“There is imbalance between the stolen money and the fines. In addition, the reputations of the capital markets industry and financial services in Indonesia are damaged which cannot be measured by numbers,” Mr. Safitri concluded.
(hot/kc)