JABM JOURNAL of ACCOUNTING - BUSINESS & MANAGEMENT
Vol 22 No 1 (2015): April

Implementing Good Corporate Governance in Indonesia: A Strategic Approach

Wahyudi Wibowo (Business School, University of Pelita Harapan (UPH) Surabaya)
Hananiel M. Gunawan (Business School, University of Pelita Harapan (UPH) Surabaya)



Article Info

Publish Date
03 Apr 2015

Abstract

Good Corporate Governance (GCG) has been widely acknowledged as the global best standard of corporate governance practices. Indonesian business society has been started to implement the standard since 2001. But many corporations currently still struggle to find their best model on GCG implementation. This study is based on a field research at ASGR, a public listed IT company in Indonesia which had passed valuable experience in implementing GCG principles. This study primarily used the company's data from the period of 2000 to 2001, which was the period for ASGR to do early studies and preparations to implement GCG. This paper recommends a strategic model for the implementation of GCG in Indonesia. The model uses a system approach as the analytical basis to connect the implementation of GCG with the strategic context of the company. It includes the utilization of multi-stakeholder, strategic responses, and global benchmarking analysis as the useful tool to guide the strategic implementation of GCG.

Copyrights © 2015






Journal Info

Abbrev

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Other

Description

Journal of Accounting, Business and Management (JABM) provides a scientific discourse about accounting, business, and management both practically and conceptually. The published articles at this journal cover various topics from the result of particular conceptual analysis and critical evaluation to ...