Principles Of Good Corporate Governance Research Articles

MANAGEMENT OF FINANCIAL FLOWS OF HOLDINGS

Holding companies operate quite widely in the West in almost all areas of the national economy: industry, construction, transport, trade, banking, etc. Due to their high viability, many modern organizations are gradually transforming into holdings headed by a special apparatus - the Board of Directors, which includes the heads of all subsidiaries and the main services of the parent organization, which also serves the holding as a whole and give the entire structure certain integrity. In practice, holding companies are created to ensure the necessary volumes of production of competitive products, works, or services and to maintain the stability of the functioning of significant groups of technologically related research, design and engineering, and design organizations; consolidation of the results of economic activities of a group of organizations, ensuring the reduction of their total tax payments. This can be achieved through the mechanism of transfer (internal) prices, which, in contrast to market prices, make it possible to cover the losses of some divisions of the holding with the profits of its other subsidiaries. Thus, in the future, we will proceed from the fact that the creation of holdings is the result of the concentration of capital, development, and the need to adapt organizations to changes in the external environment, The fast-moving socio-economic and political processes accompanying the integration of Azerbaijan into the world economic society create an opportunity for the creation of integrated-universal holdings that organically combine both synergy and diversification. In Azerbaijan, today, holding structures function in a large number of important areas of the economy: banking and financial spheres, industry, construction, transport, and other areas. Holding is committed to the development and promotion of corporate culture in Azerbaijan. Good corporate governance principles that protect the interests of shareholders and investors are essential for achieving financial stability and profitability. The holding creates conditions for the division of authority between the management bodies, monitors the financial activity of its companies, emphasizing the proper motivation of personnel and maintaining legality. Holding aims to take an important place in the regional market characterized by transparency, accountability, sound corporate management, communication, cooperation and partnership in order to achieve the company's strategic goals supported by its shareholders. The main corporate management goal of Holding is to ensure maximum transparency and sustainable development through the optimization of the organizational structure, which should respond to customer needs, rapid decision-making process and advanced operational efficiency. Bank, a subsidiary of Holding, is currently the leading investment and corporate financial institution of Azerbaijan. Established in 2007, the Bank provides lending, capital markets services, transaction banking and provides a variety of corporate banking services, including financial advisory services. Bank offers a variety of financial services by partnering with international banks and financial institutions in the field of trade financing. Thanks to extensive negotiations with international financial institutions, Bank, which has the opportunity to use large-scale financial instruments, has managed to provide more commercial financial services to its corporate clients. The bank also received better terms for financing customers after receiving a credit rating from Standard & Poor's Global Rating agency. The Bank has conducted various seminars and trainings to provide professional services by increasing productivity in customer relations at an organized level. The article defines the directions for the creation of an improved system of financial flows management of Azerbaijani holdings, in order to increase the efficiency of financial flows management in the holdings directions of optimization are indicated. Keywords: financial flow, Holding, Bank, Insurance

Perbandingan Implementasi Prinsip Good Corporate Governance pada Bank Konvensional dan Bank Syariah

In principle, the relationship between the bank and its customers are saving money in the bank based on the relationship of trust, so that each bank is required to have to continue to maintain the level of health. Solutions that can be taken by the banks, both conventional banks and Islamic banks, to maintain the existence and level of health is with the implementation of the principles of good corporate governance. Therefore, it is interesting to examine the comparison of implementation of the principles of good corporate govenance in conventional banks and Islamic banks. The method used in this study is a normative legal research. This research use approach legislation. The results showed that in essence, the implementation of the principles of good corporate governance in conventional banks and Islamic banks are the ‘same’, because it refers to the “Code of Good Corporate Govenance Indonesian Banking” issued by the National Committee on Governance (NGG). The fundamental difference lies in Islamic principles used by Islamic bans. In addition to guided and supervised by the Financial Services Authority as conventional banks, Islamic banks are also supervised by the National Sharia Board MUI and Sharia Supervisory Board who served in each Islamic bank.
 Keywords: The Principles of Good Corporate Governance

Penerapan Good Corporate Governnace dalam Optimalisasi Tata Kelola Pelayanan Perum Damri Cabang Surabaya

The purpose of this study is to describe the application of good corporate governance in optimizing service governance in the perum damri branch of the City of Surabaya. This research method uses a descriptive type of qualitative research with data collection techniques carried out through observation techniques, interviews, documentation, and previous research. The results showed that the Perum damri Branch of Surabaya City has not fully applied the principles of good corporate governance as a whole from the 5 principles of achieving goals, there is still 1 principle that is well implemented, namely the principle of independency. Transparency has not been carried out due to the absence of operational information services, accountability has not been fully implemented, there is still no guarantee of employee competence and the company governance system has not run optimally, responsibility has not been fully relaxed due to the absence of social impact programs for the community in the company environment, fairness has not been fully implemented because the community complaint box facility is still not available and there are still many fleets for rejuvenation and fleets are carried out for people with disabilities.

The Concept of State Owned Corporation Subsidiary Governance Incompatible With The Core Business

Company management based on Good Corporate Governance (GCG) principles is an effort to make GCG a rule and guideline for company managers in carrying out their business activities. Corporate governance is also an essential element of driving performance; many studies have proven that corporate governance affects the company’s performance. Implementing the principles of GCG in the management of the company is very important because it guides the company to make decisions appropriately and responsibly and the management of the company to be healthier, thereby increasing the company’s value. This study aimed to analyze corporate governance in Subsidiaries State owned subsidiaries that are incompatible with the core business by using normative juridical research methods, with the data source being secondary data obtained by library research. In secondary data used primary legal material in the form of statutory regulations, secondary legal material in the form of literature related to this research. Based on the research results, the concept of governance of Subsidiaries State owned subsidiaries that do not suit the core business, in general, has not been going well due to the establishment of a subsidiary to pursue profit. If the Good Corporate Governance mechanism does not function properly in the company, this can reduce the company’s value and lead to poor company performance and even loss. If the principles of Good Corporate Governance are appropriately implemented in subsidiaries that do not suit the core business.

Implementasi Prinsip Good Corporate Governance di Divisi Sumber Daya Manusia Pada PT Pertamina Pusat

Peruvian Governance Good Corporate Governance is basically an effort to make GCG a rule and guideline for Company managers in carrying out their business activities. The purpose of this study is to find out, analyze and describe the implementation of the principles of Good Corporate Governance at PT Pertamina (Persero). This research uses a qualitative approach with a descriptive method. The method of data collection is carried out by interviews, observations and documentation. The theory used in this study uses the theory of the basic principles of Good Corporate Governance in Hamdani's book (Review of Ethics in Business Practice), namely the principles of transparency, accountability, responsibility, independency and Fairness. The results of this study show that the implementation of the principles of good corporate governance has been implemented by PT Pertamina Persero properly even though it has not been maximized. This is evidenced by transparency with the existence of an official website that can be accessed at any time, as well as clarity in decision making, annual reports, financial reports, and recruitment processes.

EVALUASI SISTEM PROSEDUR PEMBERIAN KREDIT DI LEMBAGA PERBANKAN

Corporate governance in the world of economics is something that is considered as important as what happened in the state government. This study examines how the principles of Good Corporate Governance relate to credit granting procedures in banking institutions at PT. State Savings Bank (Persero) Tbk. This research is case study research conducted at a private company engaged in the banking sector in Indonesia. The aim of this research is to determine the relationship between the application of the principles of corporate governance (GCG) to credit granting procedures within the company. Corporate Governance as a set of rules that determines the relationship between shareholders, management, creditors, government, employees, and other internal and external stakeholders with respect to their rights and obligations, or in other words a system that directs and controls the company. Where there are five principles of Good Corporate Governance, namely: a) Information transparency, b) Accountability, c) Responsibility, d) Independence, e) Fairness. Data collection methods used in this research are interviews and analysis of company documents. The results of this study indicate that there is an important role between GCG implementation and credit granting procedures. The results of this study encourage and motivate companies so that GCG principles are used as a corporate culture.

Analysis of Linear Regression Model with Backward Method For Application of Good Corporate Governance Principles at PT. Asuransi Jasa Indonesia Medan Branch Office

Analysis of Linear Regression Model with Backward Method For Application of Good Corporate Governance Principles at PT. Asuransi Jasa Indonesia Medan Branch Office

Characteristics of good corporate governance in Indonesian export financing institutions

Indonesia is a country that seeks to increase export activities by providing facilities in terms of capital through the Indonesian Export Financing Agency. The Covid-19 pandemic affected export activities, so that exporter sales decreased, impacting LPEI financing. Receivables are a crucial indicator for assessing the performance of the LPEI function because high bad debts are an indicator of the failure of LPEI in managing the business as a result of ignoring the principles of good corporate governance, causing liquidity, profitability, and solvency problems. This study aims to analyze the characteristics of good corporate governance in LPEI and alternative dispute resolution in the problem of bad debts that LPEI can carry against business entities. The research method uses normative research, namely legal research that uses legal sources obtained by approaching statutory regulations. Based on the study's results, it was found that the financing experienced a breakdown because it ignored the principles of good corporate governance. Bad debts make LPEI indirectly harm the state, so LPEI must strive to fulfill its debtor's obligations. Dispute resolution can be carried out by restructuring accounts receivable through rescheduling, re-conditional, re-arrangement, non-litigation efforts through arbitration and mediation, and litigation efforts carried out by filing a lawsuit to the District Court. Dispute resolution recommendations are expected to reach a fair agreement for the parties.

Analysis of the Implementation of Good Corporate Governance Principles in Increasing Lending

This study aims to assess the level of efficiency and effectiveness of the credit department, especially in terms of lending, and to obtain an overview of the principles and principles of good corporate governance in the company's lending procedures. The population in this study were all employees at the Main Branch Office (KCU) Panakukang PT. Bank Central Asia (Persero) Tbk Makassar. The research sample was selected based on specific considerations or criteria from the researcher to get as much information as possible. The source of data in this study is primary data obtained through field research, using data collection techniques in questionnaires and interviews. This research was processed using qualitative analysis techniques—the steps taken by analyzing data reduction, presentation, and concluding. The study results indicate that the implementation of the principles of Good Corporate Governance by Bank BCA has been running very well, which can be seen from the fulfillment of all the principles of Good Corporate Governance in the operations of Bank BCA, especially in terms of lending procedures. This has increased the number of loans and led to a decrease in the ratio of non-performing loans over the last six years

Budaya Tri Hita Karana Memoderasi Good Corporate Governance Pada Kinerja Keuangan Lembaga Perkreditan Desa

This study aims to determine the effect of Good Corporate Governance (GCG) on Financial Performance and the ability of THK to moderate the effect of GCG on Financial Performance in LPDs in Tabanan Regency, Bali. The agency theory underlies the relationship between principals (krama desa) and agents (LPD managers) in the implementation of GCG in improving their financial performance. The sample used by all LPDs in Tabanan-Bali district from 2016-2019 was determined by the slovin formula. The respondents were the head of the LPD, supervisory agency, and treasurer. Multiple linear regression analysis technique with Moderated Regression Analysis (MRA) is used to determine the direct and moderating effect. The results of the analysis show that the better the application of GCG principles can improve the financial performance of the LPD in Tabanan-Bali district. The application of GCG in an LPD which is strengthened by the application of the THK culture which is used as the basis for its business activities can improve the financial performance of the LPD in Tabanan-Bali district.
 Keywords: Tri Hita Karana; Good Corporate Governance; Financial Performance; LPD.

Juridic Review of The Implementation of Good Corporate Governance Principles in Bumn Banks Related to OJK Regulation Number 55/Pojk.03/2016 Concerning Implementation of Governance For Commercial Banks

Corporate Governance, in simple terms, can be interpreted as a system built to direct and control the company so as to create a good, fair and transparent relationship between various parties who have an interest in the company. Companies belonging to the government are also required to apply the principles of Good Corporate Governance, including state-owned banks (BUMN Banks). The research method used in writing this journal is a normative juridical research method, namely research is carried out based on the main legal material by examining theories, concepts, legal principles and legislation related to research. The principles that must be applied in the implementation of Good Corporate Governance in Government-owned Banks (BUMN Banks) in accordance with the provisions of the financial services authority include transparency, accountability, responsibility, independence, and fairness. In the implementation of good corporate governance at banks in Indonesia, there is still an assumption that the implementation of good corporate governance is only a form of compliance with the provisions of company management and not a necessity that is really needed to improve company performance. Good Corporate Governance shows the relationship pattern between Management and all stakeholders, the relationship between Management and the Board of Commissioners and the relationship between Management which is based on ethics and Core Values which is supported by a system, process, work guideline and organization to achieve maximum performance. Consistent implementation of good corporate governance can lead to improvements in both financial and non-financial performance so as to maintain business sustainability and the Company's long-term goals.

Evaluasi Penerapan Good Corporate Governance Terhadap Program Kerja Komunitas Sablon Jombang

This study used a qualitative methodological approach with data collection techniques using face-to-face interviews with the head of the Jombang screen printing community. Good Corporate Governance (GCG) is a management process that is an important part of the company's operations to achieve the goal of a healthy society. GCG application is considered important during the economic crisis in Indonesia, so it is necessary to ensure the safety of investor capital. There are also government requirements and support for Indonesian companies to implement GCG principles in their operations. This research was conducted in Jombang to examine the application of GCG principles such as transparency, accountability, responsibility, independence and fairness in screen printing. Interviews and observations are used as data collection methods. Sampling is intended to be used to identify interviewees by examining samples from data sources on different and relevant topics. The results of this study are that the company applies the principles of transparency, accountability, responsibility, independence and honesty, which are the basis of good corporate governance (GCG), although not fully in accordance with GCG provisions. principle. . It is hoped that the company will continue to implement policies and continue to implement policies that have not been fully implemented.

Pengaruh Prinsip-Prinsip Good Corporate Governance Pada Kinerja Keuangan Lembaga Perkreditan Desa ( LPD ) Di Kecamatan Penebel

The research to discover the principles of good corporate governance on the financial overallperformance of village credit score establishment ( LPD ) in Penebel Subdistrict.The population in this studi was in 20 LPD in Penebel Districts, Tabanan Regency with a sample number of 40 respondents. Sample determination methods by purposive sampling, data analysis techniques used are descriptive statistics, validity testss, reliability testss, classicall asssumption testss, multipple linear regressions analyssis, determination coefficients (R2), F tests, t tests. The resultted of this study showed thats: Transpareency variable, Accountaability variable Indepndence variable ,Fairneess variable and have a possitive and significantt effect on the the Villlage Creditt Institutionn (LPD) in Penebel District Financial Performance and Respnsibilityvariable has an insignificant negative effect Financial Performance on the Village Credit Institution (LPD) in Penebel District

Good Corporate Governance dalam Perspektif Konvensional Dan Islam (Studi Deskriptif Perbankkan Syariah)

This study aims to determine the implementation of Good Corporate Governance from Conventional and Islamic Perspectives. The researcher uses a qualitative descriptive method to analyze the situation with the phenomenon of the object to be studied as the main instrument and focuses more on interpretation than generalization. This research was conducted in the banking sector around the Jombang area. Good corporate governance is the basis for managing and controlling company activities. Although the concept of corporate governance is still new, it is rooted in Islamic teachings such as the Al-Qur'an and Hadith. Therefore, in the framework of implementing the principles of good corporate governance (Good Corporate Governance) in sharia banking, it is appropriate to refer to the existing positive legal provisions, which in turn must apply sharia principles.

APPLICATION OF THE BUSINESS JUDGMENT RULE DOCTRINE IN INDONESIAN COMPANIES

The Business Judgment Rule Doctrine is a doctrine that provides protection to Directors who have good faith in the loss of the company. The point is that as long as the Board of Directors acts in good faith and acts solely for the benefit of the company, but it turns out that the company continues to suffer losses, it does not necessarily become the personal responsibility of the Board of Directors. Therefore, the Board of Directors cannot be held responsible for the company's losses if the Board of Directors in taking action has fulfilled all of its obligations with the principles of Good Corporate Governance (GCG). If all the obligations and GCG principles have been fulfilled, then the Board of Directors is categorized as having good faith and cannot be declared wrong. This research is normative legal research with a legal approach. The results of the author's study, in the context of the Business Judgment Rule Doctrine, the losses that occur are normal or reasonable business losses and therefore the company is responsible, and no one can be punished if there is no mistake.

The Influence of Islamic Corporate Governance and Islamic Corporate Social Responsibility on Financial Performance of Islamic Commercial Banks in Indonesia

Islamic banks in Indonesia must implement good corporate governance and adhere to the principles of corporate social responsibility to have good financial performance and gain customers' trust. This study aims to determine the impact of Islamic Corporate Governance (ICG) and Islamic Corporate Social Responsibility (ICSR) on financial performance based on the Islamic Performance Index of Indonesian Islamic Banks from 2015-2019. The study population included Islamic commercial banks registered with the Financial Services Authority (OJK) from 2015-2019. The sample size was determined by targeted sampling to obtain 9 Islamic banks. This study used a descriptive quantitative approach. The descriptive analysis aims to demonstrate that the ICG, ICSR and financial performance data are relevant and valid concerning the development of the Islamic banking industry from 2015-2019. Quantitative analysis to justify the proposed hypothesis uses the multiple linear regression method. The results show that (1) Islamic corporate governance (ICG) has a positive and significant impact on the financial performance of Indonesian Islamic banks; (2) Islamic Corporate Social Responsibility (ICSR) has a positive and significant impact on the financial performance of Indonesian Islamic Banks. Implementing the principles of good corporate governance, including transparency and openness, following sharia principles helps to increase the financial performance of Islamic banks in Indonesia. Sharia theory of corporations suggests that social responsibility is a form of human accountability to God. The primary goal of disclosing information to corporate stakeholders can minimize information asymmetries about the extent to which an institution is fulfilling its obligations to all stakeholders.

The Urgency of Preventive Supervision to Prevent Corruption in Indonesian State-Owned Enterprises

This study aims to present the urgency of preventive supervision based on good corporate governance (GCG) as a strategy for preventing corruption in Indonesian State-Owned Enterprises (SOEs). This research method uses a normative juridical approach, and the type of research carried out is a qualitative approach to produce descriptive data. Data collection techniques are carried out by collecting secondary data through library research, documents in the form of scientific contributions that have been published in research academic databases, and applicable laws and regulations. The dimension of the research problem starts from the fact that there is a lot of mismanagement in Indonesian state-owned companies, and they even go bankrupt. The findings of the research conclude that the strategy for preventing corruption in Indonesian SOEs must be supported by a corporate governance system consisting of governance structures, governance processes, and governance outcomes. In this context, the role of the board of commissioners is expected to be optimal to ensure and supervise the directors related to the corporate governance system in accordance with the principles of GCG in Indonesian SOEs. This has been regulated by several laws and regulations in force in Indonesia. Therefore, it is hoped that the credibility and effectiveness of Indonesian SOEs can be achieved, and have a positive impact on creating value for stakeholders, the economy, and people’s welfare. Thus, this study is interesting for companies and other stakeholders to improve the performance of the company in Indonesian SOEs through the creation of better business processes.

PENGANGKATAN KOMISARIS INDEPENDEN DALAM MEWUJUDKAN GOOD CORPORATE GOVERNANCE (TATA KELOLA PERUSAHAAN YANG BAIK) PADA PERSEROAN TERBATAS

The goals to be accomplished in this composing are to analyze and criticize the presence of free commissioners in laws and controls and to analyze and criticize whether the presence of autonomous commissioners inside the company can ensure the usage of the standards of Great Corporate Administration. In composing this proposal, the author employments regulating lawful investigate with the nature of investigate, specifically prescriptive research that points to induce proposals approximately what ought to be done to overcome certain issues. Lawful materials are within the frame of essential lawful materials and auxiliary lawful materials gotten from writing thinks about. Processing and analysis of legal materials are carried out by analyzing legal materials from deductive to inductive. The research results are: First. Appointment of Independent Commissioners within the company is mandatory, this has been regulated as in one of the OJK regulations namely Financial Services Authority Regulation Number 33/POJK.04/2014 concerning Directors and the Board of Commissioners of Issuers or Public Companies, Independent Commissioners must exist in Limited Liability Companies classified as Open/Public, especially in PTs that collect or manage public funds. Second. The Independent Commissioner guarantees the implementation of the principles of Good Corporate Governance in the company if the selected Independent Commissioner has competence and experience, in the selection process the Independent Commissioner has applied the principles of Good Corporate Governance and has fulfilled the Fit and Proper Test requirements by company regulations.

Collaborative Tourism Reconstruction Of The Bay Area In Palu City Following The 2018 Earthquake And Tsunami Disaster

Palu Bay, which is developed as a tourism area, is in the ring of fire with a history of repeated disasters. This tourism was able to increase tourist visits to the city of Palu. However, the 2018 earthquake and tsunami resulted in a decrease in tourist visits to the city of Palu. In addition to determining the interaction patterns of the Palu city population, this study tries to pinpoint the key factors the government used to transform Palu Bay into a popular tourist destination. This is accomplished by identifying the key factors that make Palu Bay a popular tourist destination and figuring out how to boost tourism there in the wake of the 2018 earthquake and tsunami disaster. Schutz analysis was employed with post-positivist paradigm and transcendental phenomenology approach. Triangulation was used to collect data, while content analysis was used to process it.Key factors used by the local government of Palu City in developing Palu Bay as a tourism area included: 1. The potential of Palu Bay's natural resources with its natural beauty and unique five-dimensional city (sea, bay, valley, mountain and river); 2. Strategic location on the coast of Palu city with easy access for tourists, 3. Market share of domestic and international tourists; 4. Of the nine existing sub-sectors, Palu Bay has the potential to become the mainstay sector of the city of Palu to support the regional economy because the agricultural, mining, fisheries, industrial, housing and financial sectors lack the potential to be the mainstay sector. The development of tourism in the Palu Bay area is carried out by prioritizing disaster emergency mitigation and response with proper governance and principles of Good Corporate Governance (GCG). Collaborative Multidimensional reconstruction of the private sector, local communities and local governments (triple BCG) as well as patterns of disaster mitigation and emergency response to stimulate tourism in the Palu bay area affected by the 2018 earthquake and tsunami.

Analisis Penerapan GCG Dalam Perspektif Syariat Islam pada Bank Muamalat Indonesia


 
 Indonesia is a country where the majority of the population is Muslim where it is very important to know the principles of GCG Islamically in the implementation of business. The application of the principles of Good Corporate Governance (GCG) in Islamic banks is very important. This is because Islamic banks as intermediary institutions are collecting funds from the public and distributing them to people who need them. Thus, efforts to maintain public trust in banking are a very important part to do. One way to maintain public trust is to apply the principles contained in Good Corporate Governance. This study aims to determine the implementation of GCG in BMI, and whether it is in accordance with Islamic law. This type of research uses descriptive qualitative research. The results of this study indicate that the application of the principles of Good Corporate Governance (GCG) at Bank Muamalat Indonesia, namely accountability, professionalism, transparency, responsibility, and fairness (equity) has been carried out properly in accordance with applicable guidelines and regulations.
 Keywords: Principles of Good Corporate Governance, Bank Muamalat, Islamic Sharia.