Implementation Of Good Corporate Governance Principles Research Articles

Tanggung Jawab Direksi PT Taspen Berdasarkan Hukum Positif Di Indonesia Ditinjau Dengan Prinsip Good Corporate Governance (GCG)

A state-owned company has an obligation to implement the principles of Good Corporate Governance (GCG) in order to realize a company that is clean from Ultra Vires actions. However, over time, there are some parties who are not responsible for implementing the GCG principles. The purpose of this research is to see how the responsibility of the Board of Directors towards the implementation of GCG principles and to examine the extent to which the implementation of GCG principles in PT Taspen is carried out. This research uses a normative research method which in its research uses three (3) approaches, namely; statute approach, conceptual approach, and case approach. The intended results are to determine the responsibility of the Board of Directors for the application of GCG principles and to determine the extent to which GCG principles are applied in PT Taspen.

Risk Management for Cash Waqf Institutions Based on Good Corporate Governance Perspective: Lessons Learned from an Islamic Rural Bank in Indonesia

Waqf, including cash waqf, is one of the Islamic social finance instruments that has been playing a significant role to develop community welfare throughout the history of Islam. Nowadays, Cash waqf significantly grows globally in countries like Saudi Arabia, Egypt, Kuwait, Turkey, Bangladesh, Malaysia, and Singapore. The unique feature of cash waqf is though it is subject to value volatility, shariah imposes that the value of cash waqf should not depreciate hence appreciation is required. Involving different parties in the process of cash waqf management, several risks may arise including moral hazards, conflict of interest, non-shariah compliance events, and so on. Thus, risk management becomes a must in managing cash waqf. Studies have deliberated on this issue and concluded with various findings. This study aims to use a Good Corporate Governance (GCG) perspective to examine risk management in the management of cash waqf at BPRS Barokah Dana Sejahtera. A qualitative method using semi-structured interviews was deployed to obtain primary data which has some extent of more comprehensive information to be analyzed rather than secondary data. This study concludes with some points including advantageous impacts on Cash Waqf Management Institution (LKS-PWU) regarding financial performance and the mauquf alaih nuance resulting from effective risk management. Moreover, the implementation of GCG principles as a framework for risk management in Cash Waqf institutions encourages the community to continuously contribute to cash waqf through LKS-PWU.

IMPLEMENTASI PRINSIP-PRINSIP GOOD CORPORATE GOVERNANCE DI KSPPS BMT SALAFIYAH SUKOREJO SUMBEREJO BANYUPUTIH KABUPATEN SITUBONDO

A Cooperative is a financial institution that aims to prosper its members. In addition to conventional cooperatives, there are now sharia cooperatives which in carrying out their operations use sharia principles. KSPPS BMT Salafiyah is one of them, KSPPS BMT Salafiyah is a savings and loan cooperative and sharia financing owned by the Salafiyah Syafi'iyah Islamic Boarding School Sukorejo. BMT is the closest Islamic financial institution to the community. And to maintain public trust in BMT, transparency, accountability, responsibility, professionalism, and fairness are needed in carrying out its operations. This study discusses Good Corporate Governance (GCG) in which there are 5 principles.
 The focus of the problem in this research are: first, how is the implementation of GCG principles in KSPPS BMT Salafiyah Sukorejo Sumberejo Banyuputih Situbondo?; second, what are the obstacles faced in implementing the principles of GCG in KSPPS BMT Salafiyah Sukorejo Sumberejo Banyuputih Situbondo? The purpose of this research is to describe how the implementation of GCG principles in KSPPS BMT Salafiyah and what are the obstacles in implementing GCG principles in KSPPS BMT Salafiayah Sukorejo Sumberejo Banyuputih Situbondo. This study uses a qualitative descriptive method and uses the instruments of observation, interviews, and documentation. Meanwhile, the data analysis uses descriptive analysis technique, which describes qualitatively when conducting research, with an emphasis on the Implementation of Good Corporate Governance (GCG) Principles at KSPPS Salafiyah Sukorejo Sumberejo Banyuputih Situbondo.
 The result of this research is that KSPPS BMT Salafiyah implements 5 principles of GCG, namely transparency, accountability, responsibility, professionalism, and fairness. And for the obstacles faced in implementing GCG, KSPPS BMT Salafiyah experienced obstacles in internal factors, namely the ebb and flow of employee discipline in carrying out their duties or obligations, the effort they made was to apply rules to employees to come to the office before 8 o'clock and give rewards to employees with high discipline.

GOOD CORPORATE GOVERNANCE PRINCIPLES ON INTERNET INTERMEDIARY COMPANIES IN PROTECTING THE PRIVACY OF PERSONAL DATA IN INDONESIA

<em>The implementation of good corporate governance (GCG) is the main foundation of companies that needs to run their business activities for a long period. Along with the development of technology and information, the implementation of GCG is increasingly needed for internet intermediary platform providers in carrying out their business activities. The implementation of GCG principles can also reduce the risk of failure in protecting privacy of personal data on the platform. The related principles are transparency, accountability, and responsibility principle by taking into account a number of laws and regulations such as Law No. 11 of 2008 as amended by Law No. of 2016 concerning Amendments to Law No. 11 of 2008 concerning Information and Electronic Transactions (ITE Law), Government Regulation No. 71 of 2019 (GR 71/2019), and Ministry of Communication and Information Regulation No. 20 of 2016. This research will use a normative juridical research method that takes into account the provisions of the legislation and other relevant documents. As a result, the implementation of GCG is not fully implemented in the case of failure in protecting privacy of personal data in internet intermediary company (PT Bukalapak), thus the legal attempt that can be applied to manifest the company’s liability refers back to ITE Law, GR 71/2019, and Ministry of Communication and Information Regulation 20/2016 which are compensation and administrative sanctions. </em>

Analysis of Quality of Management Accounting Information System to Improve the Implementation of Good Corporate Governance Principles (Case of Sharia Commercial Banks in Bandung City)

The main causes of bank failures include: poor bank management, too risky to take risks, and a lack of supervision which is conducted on fraud and embezzlement of funds. One way to overcome this is to improve the quality of management accounting information system (KSIAM) and the application of Good Corporate Governance (GCG) principles in banking institutions, one of which is sharia commercial banks. But in reality, there are still Sharia commercial banks that have poor KSIAM, which is characterized by there are still many complaints from users of the banking service information system, as well as the weak implementation of GCG principles as it is indicated by many cases of deviations in the form of fictitious customer financing facilities. This study aims to explain KSIAM and the application of GCG principles and to analyze KSIAM in improving the application of GCG principles in Sharia commercial banks in Bandung city. The research method is a case study and analytical descriptive with quantitative approach. Data collection techniques were carried out by distributing questionnaires and interviews. The study results showed that KSIAM at Sharia Commercial Banks in Bandung city is included in good categories. The GCG implementation in Sharia Commercial Banks in Bandung city is included in the very good category. Furthermore based on a descriptive analysis of the study results, it showed that KSIAM is able to improve the application of GCG principles in Sharia Commercial Banks in Bandung city. Keywords: Quality of Management Accounting Information Systems, Application of GCG Principles and Sharia Commercial Banks DOI: 10.7176/RJFA/11-6-10 Publication date: March 31 st 2020

Tata Kelola Perusahaan Oleh Direksi PT BPR Dharma Nagari Menerapakan Prinsip Good Corporate Governance

Good corporate governance is needed in the banking world especially by the BPR to survive. Support for improvement in good bank governance is evidenced by the issuance of the Financial Services Authority Regulation number: 4 / POJK.03 / 2015 on the Implementation of Good Corporate Governance for Rural Banks. The purpose of this study is to find out how the implementation of Good Corporate Governance (GCG) at PT. BPR Dharma Nagari, problems and settlement efforts conducted by PT. BPR Dharma Nagari in applying GCG principles, and the responsibility of directors in applying GCG principles to PT. BPR Dharma Nagari.This research is an empirical law research that is legal research that examines and analyzes about legal work in society, where the legal behavior of individual or society in relation to law and data source used comes from primary data. Results obtained by PT. BPR Dharma Nagari after implementing GCG is guided by Regulation of Financial Services Authority number: 4 / POJK.03 / 2015 on the Application of Good Corporate Governance for Rural Banks, with five basic principles of transparency, accountability, responsibility, fairness and independence.Problems found by PT. BPR Dharma Nagari in applying GCG principles is the implementation of ineffective law, weakness of risk management, weakness of human resources and culture at PT. BPR Dharma Nagari that does not support. Things done by PT. BPR Dharma Nagari to overcome these obstacles are PT. BPR Dharma Nagari conducts supervision by SPI. Improving the quality of human resources, carrying out the recruitment of employees openly. Board of Directors of PT. BPR Dharma Nagari is fully responsible for the implementation of GCG principles at PT. BPR Dharma Nagari is evidenced by the operational decision making which is conducted by the Board of Directors independently.

Is the Implementation of Good Corporate Governance Principles Capable of Improving Company Performance? (Study at Sharia Commercial Banks in Bandung City, Indonesia)

The implementation of Good Corporate Governance (GCG) principles which includes: transparency, accountability, independence, responsibility and fairness are expected to improve company performance. Various problems that are related to the weak implementation of GCG principles have led to a decline in company performance.The purpose of this study is to analyze how far the implementation of GCG principles and how the company performance is measured by using Balanced Scorecard (BSC) method at Sharia Commercial Banks in Bandung City and then to analyze how the implementation of GCG principles is able to improve the company performance which is measured by using BSC method. In this study,the research method is descriptive with a qualitative approach. This study was conducted on nine Sharia Commercial Banks in Bandung City. Data collection techniques were carried out by distributing questionnaires to 45 operational managers at Sharia Commercial Bank in Bandung City and by interviews.The sampling technique is non probability sampling with the type of convenience sampling.The study results indicate that the implementation of GCG principles in Sharia Commercial Banks in Bandung City is very good. The company performance in Sharia Commercial Banks in Bandung City which are measured using BSC method is in very good category.Furthermore, the implementation of GCG principles in Sharia Commercial Banks in Bandung City is able to improve the company performance which is measured by using BSC method, as it is evidenced by one of them when Sharia Commercial Banks apply the responsibility principle in their operational activities, the level of customer trust will increase. With the increasing of customer trust, it will result in a higher level of financial return as an indicator in the increasing of company performance as it is measured by BSC method. Keywords : good corporate governance principles, company performance and balanced scorecard. DOI : 10.7176/EJBM/11-6-10

Upaya meningkatkan kemakmuran dan keadilan hukum bagi masyarakat Indonesia melalui perbaikan tata kelola

The existence of a BUMN is expected to be a development agency, precisely as a state instrument to meet certain development objectives, such as providing essential products for the state and society, stabilizing the prices of goods, absorbing labor, as contributors to state income through dividends, taxes, and others. Therefore, it is necessary to know the implementation of GCG principles referring to the Regulation of the Minister of SOE Number PER-01 / MBU / 2011 on the Implementation of Good Corporate Governance (GCG) in SOEs. SOEs have corporate social responsibility in the form of reducing the number of unemployed, reducing the number of poor and increasing economic growth. SOEs in producing high quality goods and / or services at affordable prices through the management and supervision of SOEs require the application of GCG principles.Keywords: Good Corporate Governance / GCG, SOE, social responsibility, economic growth

Prosedur Implementasi Prinsip-Prinsip Good Corporate Governance Dalam Program Corporate Social Responsibility Pada Perusahaan Daerah PDAM Kabupaten Bantul

The purpose of this research is to know the implementation procedure of good corporate governance (GCG) principles in Corporate Social Responsibility (CSR) program, through the identification of stakeholders, namely commissioners, directors, and stakeholders; investivigasi GCG operational framework, and explore the procedures and implementation of GCG principles in CSR programs. The approach used in this research is qualitative approach, that is triangulation test and objectivity test. The data collection technique used interview technique, where the source of irisis comes from three stakeholders. Further analysis is performed in accordance with triangulation test approach and objectivity test. The results show that 1) Board of commissioners, directors, and stakeholders have their respective roles in the framework of developing the operational framework of GCG in PDAM Bantul. Stakeholders in PDAM Bantul play a role in mutual supervision between one party with other parties so that the company can survive in running Good Corporate Governance (GCG). 2) The design of GCG operational framework implemented by PDAM Bantul can not be separated from the close relationship between stakeholders and Corporate Social Responsibility (CSR). Stakeholders play an important role in order to formulate, develop, and implement CSR programs. In preparing the CSR program that will be implemented by PDAM Bantul, the stakeholders are also strongly supported by the application of GCG principles which are also based on the Deloitte Governance model, making it easier for PDAM Bantul to implement a well-designed CSR program. 3) PDAM Bantul from the point of view using the Deloitte Governance model has been able to manage the nine elements well so that the Good Corporate Governance (GCG) practices of PDAM Bantul well done and moreover well the application of GCG principles, the CSR program designed by PDAM Bantul can Well done.

Pengaruh Audit Manajemen, Komitmen Organisasional Manajer, dan Pengendalian Internal Terhadap Penerapan Prinsip-Prinsip Good Corporate Governance

This study aims to examine the effect of Management Audit, Organizational CommitmentManager, Internal Control Against Application of Principles of Good Corporate Governance. Thesample of this study is 62 manufacturing companies listed in Indonesia Stock Exchange (BEI) in2013 with purposive sampling technique.. The data was analized with logistic regression. Theresult showed that management audit has no effect on the implementation of good corporategovernance principles, organizational commitment of managers has an effect on the applicationof the principle of good corporate governance, and internal control does not affect the implementation of good corporate governance principles.Ke yword: Management Audit, Organizational Commitment Manager, Internal Control, Principles of Good Corporate Governance.

PRINSIP GOOD CORPORATE GOVERNANCE DALAM PERBANKAN SYARIAH

The development of Shariah Banks in Indonesia has become a part of restructuring efforts in the banking system which aimed to enhance the national economic resistance. As a relatively new institution, unavoidably, it still faces many problems while carrying out its activities. This, banks under Shariah principles actually are actually carrying higher risk compared to the conventional banks. Therefore, when the banking business operations are increasingly diverse, the need for optimally implement the principle of Good Corporate Governance (GCG) is also increasing. The implementation of GCG principles, besides for increasing the competitiveness of the bank itself, is also to give more protection to the society. In the Law Number No. 21 of 2008 concerning Shariah Banking, it is stated that: “Shariah Bank and Shariah Business Unit (Unit Usaha Shariah - UUS) shall be liable to implement good corporate governance which is including the principles of transparency, accountability, responsibility, professionalism and fairness in carrying out its business operations”. In implementing those principles, the bank is obliged to be guided by the various minimum terms and conditions, as well as the guidelines concerning the implementation of Good Corporate Governance. Keywords : Good Corporate Governance, Shariah Bank