Carving AEI History

Based on that thinking, the desire arose among several Issuers to establish an organizational framework for publicly listed companies. The idea of forming this organization was initially driven by the Chairman of Bapepam at that time, Marzuki Usman. The reason for the formation of the organization was also prompted by the fact that the Capital Market was still a new field, so it was anticipated that there would be many issues that needed to be addressed collectively.

Then, on Tuesday, December 13, 1988, Marzuki Usman called six companies representing all the Issuers listed at that time, totaling 24 companies. They were: Ahmad Slamet (PT Semen Cibinong Tbk), Harsono E. Soleh (PT Delta Jakarta Tbk), Mrs. J. Muaya Siambaton (PT BBD-IBJ Leasing), and J.W. Sudomo. In the meeting at the Bapepam building on Medan Merdeka Selatan Street in Jakarta, they agreed to establish an organization named the Indonesian Issuers Association (AEI). With S. Supoyo as Chairman (BPD East Java), Kusyadi Kuyono as General Secretary (PT Sepatu Bata Tbk), and R. Andi Suprianto as Treasurer (PT Squibb Indonesia Tbk).

The number of members of the Indonesian Issuers Association (AEI) has generally increased from year to year following the increase in the number of publicly listed companies on the Indonesia Stock Exchange and the Surabaya Stock Exchange, both for Stocks and Bonds.

The awareness of AEI members has increased significantly, as evidenced by their participation in activities organized by the AEI Board and their willingness to fulfill their obligations, as well as members' responses to Capital Market issues. Similarly, there has been an increase in attention from institutions outside the Capital Market (Universities, Associations, and Organizations).