Ira A. Eddymurthy, founding partner of SSEK Law Firm, is featured in an Asia Business Law Journal (ABLJ) article discussing the establishment and governance framework of Danantara, Indonesia’s newly created sovereign wealth fund.
In the article, “Danantara Dream,” ABLJ explores how Danantara aims to strengthen the country’s investment infrastructure and attract international capital, with insights from Bono Adji, Danantara’s managing director (legal).
Ira highlights SSEK’s role as one of the external Indonesian legal advisers supporting Danantara in the process of preparing governance instruments. SSEK has also advised on matters concerning the respective authorities and roles of the investment holding and operational holding entities under Danantara.
She emphasizes the need for robust governance and transparency. “It is important that Danantara’s reports, plans and performance be made accessible to the public,” she told ABLJ. Ira also noted the importance of multi-layered oversight and clear internal controls.
The article underscores the balance Danantara must strike between building credible governance systems and maintaining flexibility in its investment decisions.
Read the full article here.