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Nyulistiowati Suryanti
Fakultas Hukum Universitas Padjadjaran
Religion Agriculture, Biological Sciences & Forestry Arts Humanities Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Engineering Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Public Health Social Sciences Transportation Other

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Journal : Indonesian Journal of Dialectics

 1 
PRIVATIZATION OF STATE OWNED ENTERPRISES IN RELATION WITH GOLDEN SHARE OWNERSHIP BY STATE IN ORDER TO SUPPORT INDONESIAN ECONOMIC DEVELOPMENT Nyulistiowati Suryanti
Indonesian Journal of Dialectics Vol 1, No 1 (2011)
Publisher : Sekolah PascaSarjana Unpad

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Abstract

   The decision to implement the privatization of State Owned Enterprises (SOEs) in Indonesia was essentially due to the circumstances that they are not considered self-reliant and not perform, and therefore privatization is an alternative course of action to reform SOEs.  The privatization of the SOEs, however, raises the question whether the private management of SOEs as a business entity can still preserve the public interests.  Based on the abovementioned arguments, the purpose of this  research are:  first, to formulate the state’s management strategies based on company law in order to enhance the role of SOE’s as a mainstay of Indonesia's economic development; second, to formulate the function of golden shares in the privatized SOEs and its implication with the principle of justice in developing the Indonesian economy; and third, to formulate the regulatory privatization perspective of the SOEs as the driver of Indonesia’s economic development in realizing the aspiration of a welfare state.         This research  uses a normative juridical approach, namely to assess and examine logically the legal aspects of the underlying strategy of SOE management and their application in-concreto.  Therefore, the specification of the research is descriptive analytic.  In this study the principal data is the secondary data, while the primary data obtained are employed as supporting the secondary data.  Subsequently, research data were analyzed qualitatively.Based on the analysis and deliberation, the obtained conclusions are as follows: First, the SOE's role as a mainstay of Indonesia's economic development  has not been implemented as expected due to the existence of the various provision in the Act of SOE’s that give multi-interpretation in the management of SOE’s. Therefore the role of the SOE’s, so as to support Indonesia’s economic development, has not optimally achieved. Second, the function of the golden share  has yet to fulfill a sense of justice to the community as stated in Article 33 paragraph (2) and (3) of the 1945 Constitution fourth Amendment during the privatization of SOE’s because it has not being used in accordance with its intention.  Third, the government must strictly regulate the privatized shares of  not more than 49 %.
Co-Authors Aam Suryamah Aam Suryamah Adam Barnini Adlila, Iqlima Agus Suwandono Agustinus Pandiangan, Lumiere Rejeki Agustus Sani Nugroho & Ema Rahmawati Heryaman, Agustus Sani Nugroho & Alfi Taufiq Asyidqi Ali Putra Pratama, Jechyko Alya Hasna Yogasara Amrul Akbar Andriani Latania Triramdhani Anggun Ratna Alifa Anindita Maharani Anita Afriana Anita Afriana Anjani , Emeralda Putri Anwar Hafidz Amrullah Artaji, Artaji Arvianda, Adzradhia Nabila Arya Jayadiningrat Arzetta Zahra Metthania Assalihee, Muhammadafefee Assyura Zumarnis Bagus Sujatmiko Betty Rubiati Bianca Latanya Boris William Octaviano Catherine Putri Andaresta Catherine Putri Andaresta Delvis Patrik Deviana Yuanitasari Deviana Yuanitasari Dewi, Reza Liasta Dhaifina Fadhilah Alyani Diana Ayu Mardiani Dianda Dyassaputri Elisatris Gultom Eman Suparman Fachrurozi, Aal Fadhilah Rahmi Tamy Desindira Fadhilah Rahmi Tamy Desindira Fiona Chrisanta Firdaus, Nur Sa’adah Ghazali Anwar, Imam Gintings, Irto Petrus Hani Suriyani Hanif Hasyimawan Mubarak Harnis, Widya Hasyimawan Mubarak, Hanif Hazar Kusmayanti, Hazar Indriasri, Alivia Isis Ikhwansyah Joshua Suwandi Kilkoda Agus Saleh Lestari Sutanto, Pusphita Rahayu Louis Alfred Hasudungan Maharani, Anindita Marla Satika Qurratu’aini Meliesa Permatahati Mhd. Azmi Farid Lubis Mira Widyawati Mochamad Arya Gunawan Mohammad Robi Rismansyah Muhamad Amirulloh, Muhamad Muhammad Ath-Thariq Pratama Muhammad Eko Prasetiyo Nadia Astriani Nadya Hanifah Nathania Raissa Putri Rungamali Nia Kurniati Nianda Dinilah Arifah Nicholas Firman Rafael Napitupulu Nur Gita Oktaviani Nur Hasanah Ariyanti Nur Kaffa Ismail, Muhammad Nurhidayah Muhcti Pasaribu, Parlin Sahat Ivandamme Pertiwi, Hana Febrianti Pupung Faisal Puspa Mentari Putra, Nouval Rivaldi Raden Muhammad Fadly Latief Ashshiddiq Prawirawinata Rai Mantili Ramadhan, Muhamad Rafli Retno Damayanti Ridha Hitalalla Hayuningtyas Ridha Hitalalla Hayuningtyas Soetomo Riki Muhammad Firdaus Salma Syakira, Kineisha Salsabila Muharani Santika, Charisa Dwi Sekarwati, Raden Ajeng Astari Sela Sulaksmi Widyatamaka Sonny Dewi Judiasih Sudaryat Sudaryat Sudaryat Sudaryat, Sudaryat Sujatmiko, Bagus Supraba Sekarwati Taqiya, Zidna Vinie Rachmadiena Devianti Widyaningtyas, Kezia Regina Widyawati, Mira Windiantina, Wiwin Wintarsih Windy Riani Putri