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Journal : IBLAM Law Review

THE ROLE OF COMMISSIONERS IN THE IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE IN BUMN (A JURIDICAL ANALYSIS BASED ON THE LIMITED LIABILITY COMPANY LAW AND THE BUMN LAW) Geni, Ariyanto Soewondo; Santoso, Budi; Sihabudin, Sihabudin; Samudra, Hero
IBLAM LAW REVIEW Vol. 5 No. 2 (2025): IBLAM LAW REVIEW
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat (LPPM IBLAM)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52249/ilr.v5i2.619

Abstract

This research examines the involvement of BUMN commissioners in implementing Good Corporate Governance (GCG) based on the Limited Liability Company Law and the BUMN Law. The goal is to analyze how commissioners ensure transparency and accountability, the impact of GCG on BUMN performance, and the challenges they face in supervision. This normative legal research uses statutory, conceptual, comparative, and case approaches. Data were collected through literature and documentation studies, then qualitatively analyzed descriptively with triangulation of data sources, peer review, critical analysis of sources, and consideration of the social-economic-political context in interpretation. Commissioners play a crucial role in ensuring transparency and accountability of BUMN through GCG. GCG implementation enhances the performance of BUMN as both a development agent and a business entity. However, there are obstacles such as independence, competence, nomination, and limited commissioner authority. The findings emphasize the necessity of strengthening the legal framework and oversight mechanisms to optimize the role of commissioners. The implications include enhancing regulations, supervisory practices, BUMN performance, and strengthening the independence, competence, and authority of commissioners in GCG implementation. This research is important for strengthening BUMN governance. Commissioners have demonstrated their significant role in ensuring GCG and BUMN performance. Further research is required on GCG best practices, its impact on performance, and the factors influencing its successful implementation in BUMN.
Co-Authors AA Sudharmawan, AA Agustin, Siska Nur Ahmad Khusaeri Ahmad Yani, Asep Kuswara Ahmad, Aden Alfizzahra, Dinda Ainun Arimurti, Trias Atiqoh, Laili Ida Awaliya, Monica Ayu, Tirsa azzahra, rahma tiara Bima Satrio Husodo Chofifah, Astin Dewi Della Sintya Rachman Devi Devi, Devi Dewi, Kurnia Dhiana Puspitawati Dwi Budi Santoso Eti Rusmalawati Fahmi rosyadi, Muhammad Faisal, Mochammad Aznawi falentino sembiring Fathul Laila, Fathul Fatihah, Dhea Imroatul Fauji, Robby Fauji, Robby Fauji Fauzi, Robby Firmansyah, Rahmadany Fitriyah, Ima Fuji, Robby Geni, Ariyanto Soewondo Hadani, Abdullah Hapsari, Puspita Ika Harjati, Eny Herman Suryokumoro Hidayat, Ahmad Wahyu Hidayaty, Dwi Epty Ijatna, Satia Bagdja Imas Marsipah, Siti Indra, Jamaludin Indrapura, Putri Fauziah Sri Ismawan, Almira Thalysa Jamaludin, Ludi Jannah, Reyhanatul Jauharoti Alfin Jeremia, Mario Ihutan Juhaeni Juhaeni Khoiriyah, Nadlifatul Lukita, Carolyn Luthfiyah, Rara Maharina, Maharina Mansur Mansur Mas'amah, Siti Mu'afifah, Amrissya Nurul Muhammad Khoiruddin Harahap Nanang Maulana Nida Fiya Umaini Nurwijayanti Otari, Widiati Hairina Pardana, I Nyoman Adi Paryono, Tukino Pasaribu, Erika Prasistanti, Aninda Rehani Rachman, Rino Arief Reka Dewantara RIKA KARTIKA Rizki, Lutfi Trisandi Sadat, Fahad Achmad Salsabila, Fadia Salsabila, Zuha Prisma Samudra, Hero Sandi, Santi Pertiwi Hari Savitri, Citra Setiawan, Jonathan Budi Shinta Hadiyantina Sholiha, Alfiatus Siti Hamidah Sudirman, M. Suhariningsih Sujaya, Fista Apriani Sukarmi Sukarmi, Sukarmi Sukarmi, Sukarmi Sundari, Putri Tria Surahman Surahman Titi Maryati Trisnawati Trisnawati Trisnayani, Larasati Tulandi, Edwin Steven Tulandi, Edwin Steven Ummah, Choiro Uswatun Chasanah Wahyuni, Dian Try Ananda Widia Lestari Winarno, Bambang Winarno, Bambang Yanti Yanti Yasep Setiakarnawijaya Zonyfar, Candra