Daniel Kuswandi resigned as Iglas CEO
Another state-owned enterprise CEO has decided to resign. He is Daniel Kuswandi, CEO at PT Iglas, glass/bottle manufacturer.
As reported by Kompas today, Mr Kuswandi said he resigned after the initiative to implement good corporate governance (GCG) failed to get enough positve supports both from internal and external actors. Iglas recorded net loss of Rp20 billion. "I tried to give my best for Iglas. But I got only accusations/defamations, so it's better for me to resign," he said.
Iglas operates two plants in Gresik & Surabaya, East Java with combined capacity of 128,500 t/y.
In the last two years, workers union and management have been at odds over various issues. Early last year, for example, chairman of Iglas workers union reported Mr Kuswandi to the police accusing him of bribing several institutions at Rp30 million (US$3,200) to stop investigation on a fire at Iglas Gresik's plant. But the police rejected the claim and declared Mr Kuswandi was not involved in any crime. East Java Police named three workers as suspects instead for stealing company's documents.
Early this week, I posted Ignatius Jonan who tendered his resignation as CEO at state-owned investment bank PT Bahana Pembinaan Usaha Indonesia (BPUI).
Not many people, especially at SOEs, dare to resign from important position in the country even though they have been named suspects in corruption cases or under public criticism for their poor performance.
READ MORE!!!
As reported by Kompas today, Mr Kuswandi said he resigned after the initiative to implement good corporate governance (GCG) failed to get enough positve supports both from internal and external actors. Iglas recorded net loss of Rp20 billion. "I tried to give my best for Iglas. But I got only accusations/defamations, so it's better for me to resign," he said.
Iglas operates two plants in Gresik & Surabaya, East Java with combined capacity of 128,500 t/y.
In the last two years, workers union and management have been at odds over various issues. Early last year, for example, chairman of Iglas workers union reported Mr Kuswandi to the police accusing him of bribing several institutions at Rp30 million (US$3,200) to stop investigation on a fire at Iglas Gresik's plant. But the police rejected the claim and declared Mr Kuswandi was not involved in any crime. East Java Police named three workers as suspects instead for stealing company's documents.
Early this week, I posted Ignatius Jonan who tendered his resignation as CEO at state-owned investment bank PT Bahana Pembinaan Usaha Indonesia (BPUI).
Not many people, especially at SOEs, dare to resign from important position in the country even though they have been named suspects in corruption cases or under public criticism for their poor performance.
READ MORE!!!
posted by yosef at 8:36 AM
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