Can foreigners lead Indonesia’s state firms and make them world-beaters?

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Indonesia is opening the door for foreigners to lead state-owned enterprises (SOEs), a landmark move that President Prabowo Subianto has said will bring international expertise to the country’s corporate sector, even as critics warn about a lack of oversight and accountability.Speaking during the Forbes Global CEO Conference in Jakarta last week, Prabowo said a law on SOEs had been revised to allow non-Indonesians to assume top positions in the sector with roughly 1,000 state firms.“I’ve...