Village-Owned Enterprises (BUM Desa) are a potential vehicle for community empowerment. The business fields of BUM Desa can be in the economic and/or public services sectors which are managed with a spirit of family and mutual cooperation. BUM Desa management requires attention in order to achieve the objectives of establishing BUM Desa. Description of the implementation of governance and performance as a study on BUM Desa Penggung Lestari is carried out through its website. Data and information from the annual report and regulations on the establishment of BUM Desa Penggung Lestari and Government Regulation No. 11 of 2021 are used as the basis for its evaluation. Management of BUM Desa Penggung Lestari with the principles of professionalism, transparency, responsibility, participatory; equal, fair, and legal certainty. Its performance is shown by the total assets increasing by 145%, income increasing by 59%, and 98% of its employees being absorbed from the village community, building stakeholder trust and achieving economic and social goals. The involvement of professional organizations and universities can help BUM Desa managers in implementing the principles of good governance in BUM Desa in accordance with Peraturan Pemerintah Number 11 of 2021concerning Badan Umum Milik Desa and meet the expectations of the Regulation of the Peraturan Menteri Desa, Pembangunan Daerah Tertinggal, dan Transmigrasi Number 3 of 2021.
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