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All Journal Jurnal Ilmiah Teknologi dan Rekayasa PAWIYATAN International Journal of Artificial Intelligence Research Jurnal Administrasi Publik : Public Administration Journal Jurnal Moral Kemasyarakatan J-EBIS (Jurnal Ekonomi dan Bisnis Islam) Jurnal SOLMA Jurnal Kajian Bahasa, Sastra dan Pengajaran (KIBASP) JMM (Jurnal Masyarakat Mandiri) Jurnal Pertanian Agros Medicinus : Jurnal Kedokteran JPPI (Jurnal Pendidikan Islam Pendekatan Interdisipliner) Journal of Humanities and Social Studies Journal of Saintech Transfer Pepatudzu : Media Pendidikan dan Sosial Kemasyarakatan Community Development Journal: Jurnal Pengabdian Masyarakat Devotion: Journal of Research and Community Service Journal Peqguruang: Conference Series Jurnal Public Relations (J-PR) Pawiyatan Sisfo: Jurnal Ilmiah Sistem Informasi Justice Voice Jurnal Cyber PR Inspiration: Jurnal Teknologi Informasi dan Komunikasi Socius: Social Sciences Research Journal Jurnal Pengabdian Masyarakat International Journal of Education Research and Development Nusantara Educational Review Jurnal Riset Kajian Teknologi dan Lingkungan Pinisi Journal Pendidikan Guru Sekolah Dasar Annaba: Jurnal Ilmu Jurnalistik
Abdul Latief
Pusat Teknologi Bahan Bakar Nuklir (PTBBN), BATAN Kawasan Puspiptek-Tangerang Selatan 15314, Banten
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Journal : Justice Voice

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The Responsibilities of the Board of Directors in Limited Liability Companies: A Comparative Analysis of the Business Judgment Rule in the United States, the Netherlands, and Indonesia Sinaga, Viator Harlen; Lumbuun, T. Gayus; Latief, Abdul; Budiman, Anwar
Justice Voice Vol. 3 No. 1 (2024): Justice Voice
Publisher : Program Doktor Ilmu Hukum, Universitas Krisnadwipayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37893/jv.v3i1.1134

Abstract

Civil liability of directors involves managing and representing limited liability companies under the doctrine of the business judgment rule, which originated in the United States within the common law system and is examined in civil cases. In contrast, Indonesia, following the civil law system, holds directors of State-Owned Enterprises (SOEs) accountable for company mismanagement that leads to state losses, typically addressed in criminal cases, such as corruption. However, this responsibility is also linked to the business judgment rule. Directors make business decisions aligned with the company’s goals and objectives (intra vires), but such decisions can also result in breaches of fiduciary duties, leading to company losses. The business judgment rule, as practiced in the United States, is reflected in Law No. 40/2007 and influenced by the Dutch Civil Code. Directors’ actions that result in losses are generally not subject to liability, as long as these actions are executed in accordance with their fiduciary duties and the principles of the business judgment rule.
Co-Authors A, Arfa Widyanti Abd. Asis Abduh, Thamrin Acep Muslim, Acep Ada, Junia Agam Thahir, Muhammad Agus Putra AS Agustina Karnawati, Rita al yakin, ahmad Andres, Dede Anwar Budiman Ariska, Nana Arruantimo, Julianti Arruantimo, Juliati Asep Saeful Muhtadi, Asep Saeful Asriani Asriani, Asriani Athiya, Sa’adatul aulia, nur eka dewi Ayu Dita, Diana Azis, Rezki Bagio, Bagio Baihaqi Baihaqi Busran Busran Cryzhel, Handri Damayanti, Tasya Daniel Daniel Daro, Yasinta Aloysia Dermawan, Dermawan Devi, Nurwulan Kusuma Djihadah, Nurhayati Dominggus, Ernawati Elisabet Elisabet, Elisabet Erna, Evita Erniwati Erniwati Fachry Abda El Rahman Fairus, Fairus Fajri, Maulidil Hafifah, Mirza Nur Hanifah Oswari Hasbullah Hasbullah Herlina Ahmad, Herlina Herlina, Muhammad Idham Amir Indri Astuti Jefrianto Jefrianto Jose RL Batubara Kadim S. Bachtiar Kemas Firman Khadijah, Nany Khuluq, Ahmad Farihul Kohar Sulistyadi Kristina Kristina Lavenia, Nia Luluk Elyana Maharani, Syifa Marisa Anggraini Mattalatta Mattalatta, Mattalatta Mentodo, Limbong Miftahul Jannah Muhajir Muhajir, Muhajir Muhammad Nadir Muhammad Rizqi Zati, Muhammad Rizqi Mujahida Baharuddin, Sitti Mulyawan, Yandi Ningrum, Listya Nur Asitah Nurdefi, Nurdefi Oktarita, Oktarita Olivia, Helen Prastica, Ayunda Rahmadani Dwi Putra, Iwandikasyah Qhisthina Atikah Raden Mohamad Herdian Bhakti Rahayu, Ade Rahmadani, Nabila Rahman, Abd. Rajamuddin, Rajamuddin Rasyid, Irwan Ridwan, Ridwan Rinaldhi, Muhammad Arjuna Rini Sekartini Risma Risma, Risma Rismawati Rismawati Rosanty, Diah Rumbino, Naftalia Saban Echdar Safwan, Muhammad Safwan, Muhammad Salsabila , Ghina Putri Sarasati, Fitri Sarbi, Sukadji Sbroong, Ricco Gerdana Seruni, Ayu Putri Sinaga, Viator Harlen Siti Mariana Sri Hastuti Sudarsono, Achmad Budiman Sudarsono, Ahmad Budiman Suhessy Syarif, Suhessy Sumana, Sumana Syafruddin Syafruddin Syamsuddin Syamsuddin Syardiansah, Syardiansah T. Gayus Lumbuun Taufiq Taufiq TONE, KAMARUDDIN Usman, Santi W, Wahyudi Wafie, Abdul Widjaja, Melanie Yaki, Ahmad Al Yakin, Ahmad Al Yeni Kurniati Yuspitaa, Mistra Zulmaizar, Muh. Muzani