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All Journal Justitia et Pax Journal of Law Science Perspektif Hukum Jurnal Atma Inovasia
Simbolon, Yolanda
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Humanities Decision Sciences, Operations Research & Management Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Journal : Perspektif Hukum

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The Principle of Fiduciary Duty in Single-Member Limited Liability Company Simbolon, Yolanda
Perspektif Hukum VOLUME 24 ISSUE 1
Publisher : Faculty of Law Hang Tuah University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30649/ph.v24i1.267

Abstract

Limited Liability Company in Indonesia has a conceptual expansion since the Job Creation Law has enacted. There are two types of Limited Liability Company currently, capital partnership limited liability company and single-member limited liability company. One of the most significant changes to the concept of limited liability company is related to its organs. Single-member limited liability company consists of director who also serve as shareholder. The expansion concept raises questions regarding the application of fiduciary duty to single-member limited liability company. This research uses conceptual and statute approach. The conclusion from this research is that in single-member limited liability company, there is only director who also become shareholder, thus there is no supervisory function by the board of commissioner. Secondly, the director in single-member limited liability company still has the obligation to carry out the responsibilities with the principle of fiduciary duty.
Co-Authors Adelia Kurniawan Alexander Nathanael Alfonsus Richo Yussi Vernanda Chandra Wijaya Chandra Wijaya Deo, Ivania Dhear Byrgwita Pursida I Gusti Nyoman Yonatan Wiradi Inri Beatrich Noviyanti Monyca Diana Novarina Noor, Tajuddin Pakpahan, Marlina Pancratius Rio Mayrolla Valencia Febrianti Handra Yohanes Sabda Widhiatmoko