JEBD
Vol. 3 No. 2 (2025): Oktober - Desember

Penerapan Good Corporate Governance

Endang Suriyani Munthe (Jurusan Perbakan Syariah Fakultas Ekonomi Dan Bisnis Islam, Universitas Islam Negeri Sumatera Utara)
Putri Ramadani (Jurusan Perbakan Syariah Fakultas Ekonomi Dan Bisnis Islam, Universitas Islam Negeri Sumatera Utara)
Salwa Latipah (Jurusan Perbakan Syariah Fakultas Ekonomi Dan Bisnis Islam, Universitas Islam Negeri Sumatera Utara)
Syairah Nasution (Jurusan Perbakan Syariah Fakultas Ekonomi Dan Bisnis Islam, Universitas Islam Negeri Sumatera Utara)
Ahmad Wahyudi zein (Jurusan Perbakan Syariah Fakultas Ekonomi Dan Bisnis Islam, Universitas Islam Negeri Sumatera Utara)



Article Info

Publish Date
23 Dec 2025

Abstract

The implementation of Good Corporate Governance (GCG) is a fundamental aspect in achieving sustainability and improving company performance amidst the increasingly complex dynamics of the business environment. GCG functions as a set of systems, principles, and mechanisms that regulate and control relationships between stakeholders to create healthy, transparent, and responsible company management. The main principles of GCG, namely transparency, accountability, responsibility, independence, and fairness, are an important foundation in ensuring that every company activity is carried out in accordance with regulations, business ethics, and the interests of all stakeholders. This study aims to assess the effectiveness of the implementation of Good Corporate Governance in supporting company performance and reputation. The research method used is a qualitative approach with a case study design, which allows researchers to gain an in-depth understanding of GCG practices in the real context of the organization. Data were collected through document analysis, observation, and interviews with relevant parties. The results of the study indicate that good GCG implementation can increase stakeholder trust, strengthen the internal control system, and minimize the potential for irregularities such as corruption, collusion, and nepotism. In addition, GCG implementation also contributes to creating more objective and long-term oriented decision-making. The Indonesian economic crisis of 1997–1998 was a crucial turning point in raising awareness of the urgency of implementing good corporate governance. The crisis exposed the weaknesses of corporate oversight and governance systems, thus recognizing GCG as a crucial strategy for building business sustainability and maintaining a company's reputation at the national and global levels.

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Journal Info

Abbrev

jebd

Publisher

Subject

Economics, Econometrics & Finance Engineering

Description

Jurnal Ekonomi dan Bisnis Digital (JEBD) E-ISSN : 3025-6429 is a peer-reviewed journal providing a space for both practitioners and academics for disseminating research results that work in Economic, finance, management, information technology and related fields. JEBD provides an outlet for the ...