Establishment of The Principles of Good Corporate Governance (GCG) Accountability Towards State Owned Enterprises in Indonesia

  • Hervian Rum Faculty of Law, University of Brawijaya, Indonesia
  • Sudarsono Sudarsono Faculty of Law, University of Brawijaya, Indonesia
  • Abdul Rachmad Budiono Faculty of Law, University of Brawijaya, Indonesia
  • Bambang Winarno Faculty of Law, University of Brawijaya, Indonesia
DOI: https://doi.org/10.47814/ijssrr.v6i5.1143
Keywords: State Owned Enterprises; Good Corporate Governance; Accountability Principles

Abstract

State-Owned Enterprises are business entities whose capital is wholly or substantially owned by the state through direct participation originating from separated state assets. State-Owned Enterprises have an important role in the implementation of the national economy in order to achieve social welfare. Facts on the ground that BUMN are often a source of corruption so that the principle of accountability is not reflected in the management of BUMN. The problems that occur are related to the clarity of organ functions and organ responsibilities in managing the company. The application of the principle of accountability in BUMN must be in line with the principles of Good Corporate Governance (GCG).

Published
2023-05-02
How to Cite
Rum, H., Sudarsono, S., Budiono, A. R., & Winarno, B. (2023). Establishment of The Principles of Good Corporate Governance (GCG) Accountability Towards State Owned Enterprises in Indonesia. International Journal of Social Science Research and Review, 6(5), 56-66. https://doi.org/10.47814/ijssrr.v6i5.1143
Issue
Vol 6 No 5 (2023): IJSSRR VOL 6 NO 5 2023 MAY
Section
Main Articles

Copyright (c) 2023 Hervian Rum, Sudarsono Sudarsono, Abdul Rachmad Budiono, Bambang Winarno

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