Professional Documents
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HEADLINES
Youth empowerment must not stop at the boardroom
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ast week, Youth 20, the an advanced and high-income our youth talent pool. It is vital young investors are invest-
forum for young peo- country through the momentum INSIGHT that they are led and inspired by ing in the sports industry. I am
ple from the Group of generated by this demographic leaders who are also their peers. sure the younger generation can
20 member countries, dividend. By 2045, Indonesia is Directly employing young make a breakthrough with their
brought future young leaders projected to be the world’s fourth leaders in the boardroom is just expertise. What I did is just a
together to discuss how to re- largest economy and to welcome a Erick Thohir one aspect of what needs to be small example that youths can
build the youth agenda beyond demographic bonus of 65 percent. State-Owned Enterprises Minister done to generate future business be vanguards of global change.
COVID-19. Coming from a business back- leaders. SOEs provide training, fi- I hope this spirit can spread to
For myself, tasked with over- ground, I know the risks of ig- advancement to new customer only part of the discussion, but nancing and access to the market all youths and drive the world
seeing and managing Indonesia’s noring this perspective when key preferences, any enterprise must also part of the solution. Includ- for youths and women to develop forward.
vast network of state-owned en- business decisions are taken. As a be acutely aware of the disrup- ing their voices in the decision- into new entrepreneurs and cre- I strongly believe that by open-
terprises (SOEs), the timing of Cabinet minister, I know the val- tive business practices emerging making process early on is not a ate new jobs in Indonesia. For in- ing the boardroom to the next
this meeting could not have been ue of tapping into the enormous across the world. token gesture, but a calculated stance, our micro credit program, generation, we can all “Recover
more appropriate. potential of this demographic In order to make SOEs more high-yield investment toward Mekaar, has grown SMEs and cre- Together, Recover Stronger” and
According to the World Bank, shift. If we fail to do so, our col- adaptive to these disruptions, generating sustainable transfor- ated more than 7 million jobs dur- “Rebuild the Youth Agenda”.
62 countries around the world lective targets for economic we need to include the younger mation by nurturing successors ing the pandemic. Our entrepre- Offering policy impacts at
will experience demographic bo- growth and societal progress will generation’s fresh perspective in and future leaders. neurship development programs scale, Indonesia’s SOEs are best
nuses, during which the working- remain unmet. the boardroom, where business Finally, SOEs are advancing In- have a proven trickle-down effect placed to lead by example and
age population outnumbers the This is why one of the priority decisions are made. donesia’s digital transformation, on creating new opportunities showcase the value of millennials
dependent population. This rep- targets for SOEs is to increase the Second, SOEs are the vehi- with 20 percent of all workers at and new leaders. in the boardroom. As the nation’s
resents a significant source of po- number of millennial leaders in cles through which government SOEs “Digital Talent Ready” by Youths can be pioneers in ad- engine of growth, we are driv-
tential development if managed the boardroom from 5 percent in policy and globally agreed pri- 2024. These workers will play a vancing their nation. Back in ing Indonesia forward and en-
appropriately. 2021 to 10 percent in 2023. The orities can be implemented with central role in developing Indo- 2013, when I acquired Inter Mi- abling the next generation to take
Indonesia is one such country reason for this is threefold. impact at scale. Empowering the nesia’s digital infrastructure and lan, one of the world’s top soc- the wheel.
where millennials and Gen Z al- First, millennials will bring a next generation and future work- digital economy ecosystem. cer clubs, no one expected that a I urge business leaders in the
ready make up the largest share of new work culture that is more force is a G20 priority as well as a To realize this, the input from young Indonesian man could be- private sector and policymakers
the population today, amounting adaptive to change. The pandem- national priority. leaders who can bring more in- come the club’s president. I was across the G20 to follow suit and
to 145 million people, or around ic has taught us that the younger By directly providing ah op- novative and creative ideas to the trying to be a pioneer and pre- invest early in their boardroom
52 percent of the population. generation is able to adapt quick- portunity to influence decision- boardroom is key. Furthermore, pare a sustainable sports industry leaders. I am confident our board-
As an emerging market, In- ly to disruptions in various busi- making in the boardroom, we are the bulk of the workforce driving ecosystem. rooms, and our future, will be in
donesia is on track to becoming ness lines. From technological ensuring that millennials are not this development will come from Nowadays, more and more safe hands.
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