scholarly journals GOOD CORPORATE GOVERNANCE PRINCIPLES IN THE MANAGEMENT OF LIMITED LIABILITY COMPANY

2017 ◽  
Vol 1 (1) ◽  
pp. 87
Author(s):  
Henry Aspan
Keyword(s):  
Corporate Governance ◽  
Limited Liability ◽  
Limited Liability Company ◽  
Good Corporate Governance ◽  
Library Research ◽  
The Law

ABSTRACTCorporate governance (corporate governance) is a concept which still debatable among experts in describing it. The purpose of this study is to explore how the implementation and principle problems of good corporate governance in the management of current limited liability company. This research is kind of library research with normative juridical approach, the approach used was the concept of legit positivism which states that the law is identical to written norms established and enacted by authorized bodies or authorities. The result is known that Law Number 40 Year 2007 regarding Limited Liability Company does not explicitly regulate the implementation of Good Corporate Governance principles. The GCG principle setting is explicitly found only in the Regulation of the Minister of State-Owned Enterprises and Bank Indonesia Regulation, so it does not bind the limited liability company in general.

scholarly journals PENGATURAN KOMPETENSI KOMISARIS INDEPENDEN DALAM MEWUJUDKAN GOOD CORPORATE GOVERNANCE

2017 ◽  
Vol 6 (4) ◽  
pp. 417
Author(s):  
Ni Komang Putri Rahayu
Keyword(s):  
Corporate Governance ◽  
Capital Market ◽  
Research Method ◽  
Code Of Conduct ◽  
Limited Liability ◽  
Core Competency ◽  
Company Law ◽  
Limited Liability Company ◽  
Conceptual Approach ◽  
Good Corporate Governance

The objective of the research is to reveal the Competence of Independent Commissioners in realizing Good Corporate Governance. The research method used is normative juridical research method with conceptual approach, legislation and case approach. The result of the research shows that the Independent Competence of Independent Commissioners in achieving Good Corporate Governance means that the regulation of the competence and integrity requirements of independent commissioners in Good Corporate Governance, especially the competency requirements are regulated in Limited Liability Company Law and Capital Market Law which regulates core business competence and core competency behavior. Meanwhile, the integrity of an independent commissioner is regulated in a code of conduct that an independent commissioner must adhere to. Tujuan penelitian untuk mengetahui pengaturan Kompetensi Komisaris Independen dalam mewujudkan Good Corporate Governance. Metode penelitian yang digunakan adalah metode penelitian yuridis normatif dengan pendekatan-pendekatan konseptual, perundang-undangan dan pendekatan kasus. Hasil penelitian menunjukkan pengaturan Kompetensi Komisaris Independen dalam mewujudkan Good Corporate Governance dimaksudkan bahwa pengaturan syarat kompetensi dan integritas komisaris independen dalam Good Corporate Governance khususnya syarat kompetensi diatur dalam Undang-Undang Perseroan Terbatas dan Undang-Undang Pasar Modal yang mengatur mengenai kompetensi inti bisnis dan kompetensi inti perilaku. Sementara itu, untuk integritas komisaris independen diatur dalam code of conduct (pedoman perilaku) yang harus dipatuhi oleh komisaris independen.

scholarly journals Pelaksanaan Peraturan Menteri BUMN Nomor: PER-01/MBU/2011 Tentang Penerapan Tata Kelola Yang Baik (Good Corporate Governance) Pada BUMN (Studi Kasus Di PT Perkebunan Nusantara IV)

2020 ◽  
Vol 2 (1) ◽  
pp. 23-32
Author(s):  
Rudi Hartono ◽  
Marlina Marlina ◽  
Muaz Zul Muaz Zul
Keyword(s):  
Corporate Governance ◽  
Corporate Culture ◽  
Limited Liability ◽  
Legal Issues ◽  
Added Value ◽  
Legal Research ◽  
Good Corporate Governance ◽  
The Board Of Directors ◽  
Barriers To Implementation ◽  
The Law

Good Corporate Governance can be understood as a set of regulations governing Limited Liability relationship between shareholders, management companies and other stakeholders with regard to the rights and obligations, one of which is the decision-making at the Board of Directors and Board of Commissioners. The provisions stipulated in the Regulation of the Minister of SOE No. PER-01 / MBU / 2011,  the publication of these regulations ultimately aims to create corporate  governance that provides added value for all parties. The research method used is a normative legal research methods that are qualitative, such methods researchers conducted a discussion of the law in legislation through legal theories that found the answers to legal issues in accordance with applicable regulations. Barriers to implementation of  Good Corporate Governance is composed of several factors, among others, legal, corporate culture and human resources, but the implementation of PT Perkebunan Nusantara IV remain committed. As part of its commitment to the forming section, which is responsible for monitoring and encouraging implementation of application in accordance with the provisions of the Law. 

scholarly journals TANGGUNG JAWAB SOSIAL DAN LINGKUNGAN BADAN USAHA MILIK MUHAMMADIYAH (BUMM) TERHADAP MASYARAKAT DAN LINGKUNGAN

2020 ◽  
Vol 11 (2) ◽  
pp. 293
Author(s):  
Lelisari Lelisari
Keyword(s):  
Corporate Governance ◽  
Limited Liability ◽  
Environmental Responsibility ◽  
Limited Liability Company ◽  
Environmental Aspects ◽  
The Third ◽  
Is Research ◽  
Positive Law ◽  
Good Corporate Governance ◽  
The Social

This article discusses the social and environmental responsibility of Muhammadiyah Owned Enterprises (BUMM). The establishment of the economic field as the third pillar in the muhammadiyah preaching as well as marking the characteristics of Advanced Islam that became the spirit of the Muhammadiyah da'wah movement. Speaking of Muhammadiyah, not only talk about schools and universities in the field of education or talk hospitals in the field of health, but also talk about factories and plantations owned by Muhammadiyah. The type of research used is normative juridical research, which is research focused on reviewing the application of rules or norms in positive law. As a result of the research, the Economic and Entrepreneurial Assembly has compiled guidelines for Muhammadiyah Owned Enterprises (BUMM) and has been socialized in 2017, namely the Muhammadiyah Central Leadership Guidelines No. 04/PED/I.0/B/ 2017 on Muhammadiyah Owned Enterprises. This guideline is drawn up, so that bumm management in the form of Limited Liability Company (PT) can be managed in accordance with Muhammadiyah's vision by accommodating good corporate governance. The application of social and environmental responsibility of Muhammadiyah Owned Enterprises (BUMM) to the community and the environment only provides money assistance and programs that are derma or philanthropic, have not touched on the environmental aspects. In The Guidelines No. 04/PED/I.0/B/ 2017 concerning Muhammadiyah Owned Enterprises also has not regulated the obligations of Muhammadiyah-owned enterprises in carrying out CSR.Keyword: BUMM; CSR. ABSTRAKArtikel ini membahas tentang tanggung jawab sosial dan lingkungan Badan Usaha Milik Muhammadiyah (BUMM). Pencanangan bidang ekonomi sebagai pilar ketiga dalam dakwah persyarikatan Muhammadiyah sekaligus menandai ciri Islam berkemajuan yang menjadi spirit gerakan dakwah Muhammadiyah. Berbicara tentang Muhammadiyah, tidak hanya berbicara tentang sekolah dan perguruan tinggi di bidang pendidikan atau berbicara rumah sakit di bidang kesehatan, tetapi juga berbicara pabrik-pabrik dan perkebunan yang dimiliki Muhammadiyah. Tipe penelitian yang digunakan adalah penelitian yuridis normatif yakni penelitian yang difokuskan untuk mengkaji penerapan kaidah-kaidah atau norma-norma dalam hukum positif. Hasil penelitian bahwa, Majelis Ekonomi dan Kewirausahaan sudah menyusun pedoman Badan Usaha Milik Muhammadiyah (BUMM) dan telah disosialisasikan pada tahun 2017, yaitu Pedoman Pimpinan Pusat Muhammadiyah Nomor  04/PED/I.0/B/ 2017 tentang Badan Usaha Milik Muhammadiyah. Pedoman ini disusun, supaya pengelolaan BUMM berbentuk Perseroan Terbatas (PT) bisa dikelola sesuai visi Muhammadiyah dengan mengakomodasi tata kelola perusahaan yang baik.Bentuk penerapan tanggung jawab sosial dan lingkungan Badan Usaha Milik Muhammadiyah (BUMM) terhadap masyarakat dan lingkungan hanya memberikan bantuan uang dan program yang sifatnya derma atau filantropi, belum menyentuh ke aspek lingkungan. Dalam Pedoman No 04/PED/I.0/B/ 2017 tentang Badan Usaha Milik Muhammadiyah juga belum mengatur tentang kewajiban dari badan usaha milik Muhammadiyah dalam melaksanakan CSR.

scholarly journals Tindakan Benturan Kepentingan Yang Dilakukan Oleh Direksi Perusahaan Sebagai Bentuk Pelanggaran Prinsip Good Corporate Governance

2021 ◽  
Vol 5 (2) ◽  
Author(s):  
Dhita Destria
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Conflict Of Interest ◽  
Limited Liability ◽  
Limited Liability Company ◽  
Confidential Information ◽  
Personal Benefit ◽  
Good Corporate Governance ◽  
Close Relationship ◽  
The Board Of Directors

All principles of Good Corporate Governance can support the realization of Good Corporate Governance in order to prevent abuse of power and illegal acts committed by the organs of the company. Demands faced limited liability company is about transactions conducted by the relevant organs, in particular by the board of directors of a limited liability company with others having a close relationship with the board of directors of a limited liability company that raises a conflict of interest. That actions such as self dealing, accepting gifts or benefits include all forms of bribery and kick-back fee, peddling influence (influence pedding), utilizing company assets for personal benefit (using employer's propety for private advantage) and take advantage of confidential information (using confidential information) is some form of Conflict of Interest. Factors that cause the Conflict of Interest is the internal factors are derived from transactions Conflict of Interest is done inside the company may for personal benefit of its board of directors, while external factors are transactions Conflict of Interest made by the board of directors to gain own private not for profit company, but do it in silence and collusion.

scholarly journals Tanggung Jawab Direksi atas Terjadinya Pailit Perseroan Terbatas

2020 ◽  
Vol 4 (1) ◽  
pp. 83
Author(s):  
Antonius Faebuadodo Gea ◽  
Hirsanuddin Hirsanuddin ◽  
Djumardin Djumardin
Keyword(s):  
Limited Liability ◽  
Company Law ◽  
Limited Liability Company ◽  
Conceptual Approach ◽  
The Board Of Directors ◽  
Approach Method ◽  
Separate System ◽  
Accountability Mechanism ◽  
The Law ◽  
Legal Consequences

This research was conducted to find out how the directors' accountability mechanism caused by an error or negligence caused the limited company to go bankrupt and how the legal consequences on the bankruptcy of a limited liability company. This type of research was classified as a normative legal research or also called doctrinal research, namely research that examined the law as a separate system that was separate from various other systems in society so as to provide a boundary between the legal system with other systems. The approach method used was the statutory approach; and Conceptual Approach. In principle, the Board of Directors was not personally responsible for acts committed for and on behalf of the company based on its authority. The scope of conduct that would be personally accounted for by the directors of the company was negligence because the directors did not fulfill the contents of the agreement and mistakes because the directors commit acts against the law. Bankruptcy of a Limited Liability Company was the bankruptcy of itself, not the bankruptcy of its management, even though the bankruptcy was due to the negligence of its management. So that management should not be held liable jointly for any losses due to negligence and could only be held accountable if the company's assets were not sufficient to cover losses due to bankruptcy Article 90 paragraph (2) of the Limited Liability Company Law).

scholarly journals Perlindungan Hukum Terhadap Pemegang Saham Minoritas Pada Perseroan Terbatas Yang Melakukan Merger

2020 ◽  
Vol 2 (1) ◽  
pp. 59-62
Author(s):  
I Kadek Sridana ◽  
I Nyoman Putu Budiartha ◽  
I Putu Gede Seputra
Keyword(s):  
Research Method ◽  
Government Regulation ◽  
Legal Protection ◽  
Limited Liability ◽  
Limited Liability Company ◽  
Minority Shareholders ◽  
Legal Position ◽  
The Law ◽  
A Company

Abstract-Mergers can be said as a strategy or one way to increase a company, therefore there is a need for legal protection for minority shareholders if they do not agree with the merger but the merger is still implemented, and the shareholders are forced to accept the merger. The formulation of the problem in this case is (1) what is the position of the minority shareholders for the limited liability company that merges? (2) What is the legal protection of minority shareholders in a limited liability company that merges? This research method uses a normative research method by approaching the problem in the form of a draft law that relates to the problem under study. The sources of legal material to be used are sourced from research, the literature in the form of primary legal material and secondary legal material. The result of this study are the legal position of the minority shareholders of the company (PT) that carried out the merger has been regulated in Law number 40 of 2007 concerning Limited Liability Companies and in Government Regulation Number 27 of 1998 concerning merger, consolidation and takeover of the interests of minority shareholders. In general, the law of limited liability companies is a guideline in the framework of protecting minority shareholders. Protection of minority shares is one of the important things, especially when the company conducts legal actions such as mergers, both preventive legal protection and repressive legal protection. Keywords: Legal protection, shareholders, mergers Abstrak- Merger dapat dikatakan sebagai strategi atau salah satu cara untuk meningkatkan suatu perusahaan oleh karena itu perlu adanya perlindungan hukum terhadap pemegang saham minoritas apabila mereka tidak setuju dengan merger namun merger tetap dilaksanakan, dan pemegang saham tersebut dipaksakan untuk menerima merger tersebut. Adapun rumusan masalah dalam hal ini (1) Bagaimanakah kedudukan pemegang saham minoritas bagi perseroan terbatas yang melakukan merger? (2) Bagaimanakah perlindungan hukum terhadap pemegang saham minoritas pada perseroan terbatas yang melakukan merger? Metode penelitian ini menggunakan metode penelitian normatif dengan melakukan pendekatan masalah berupa pedekatan perundang-undangan yang berkaitan dengan masalah yang dikaji. Adapun sumber bahan hukum yang akan digunakan yakni bersumber dari penelitian, kepustakaan berupa bahan hukum primer dan bahan hukum sekunder. Adapun hasil dari penelitian ini adalah kedudukan hukum pemegang saham minoritas terhadap perusahaan (PT) yang melakukan merger, sudah diatur dalam Undang-undang nomor 40 tahun 2007 tentang Perseroan terbatas serta dalam Peraturan pemerintah Nomor 27 Tahun 1998 tentang penggabungan, peleburan, dan pengambilalihan tentang kepentingan pemegang saham minoritas. Secara umum hukum perseroan terbatas menjadi pedoman dalam rangka perlindungan pemegang saham minoritas. Perlindungan terhadap saham minoritas merupakan salah satu hal yang penting terutama saat persroan melakukan perbuatan hukum seperti merger baik perlindungan hukum secara preventif maupun perlindungan hukum secara represif. Kata kunci: Perlindungan hukum, Pemegang saham, Merger

scholarly journals Liabilities of the Director of the Regional Limited Liability Company (Perseroda) in the Corporate Bankruptcy According to Positive Law

2019 ◽  
Vol 6 (3) ◽  
pp. 253
Author(s):  
Asmuni Asmuni ◽  
Kurniawan Kurniawan ◽  
Eduardus Bayo
Keyword(s):  
Limited Liability ◽  
Regional Government ◽  
Limited Liability Company ◽  
Corporate Bankruptcy ◽  
Public Benefits ◽  
Positive Law ◽  
Good Corporate Governance ◽  
The Board Of Directors ◽  
Separate System ◽  
Legal Forms

This research aims to analyse the liabilities of the director of the regional limited liability company (perseroda) in the corporate bankruptcy according to positive law. This research belongs to the type of normative legal research or also called doctrinal research; i.e. research that examines law as a separate system which is separated from various other systems that exist in community. Thus, it gives a boundary between the legal system and other systems. BUMD, according to Minister of Home Affairs Regulation No. 3 of 1998 concerning Legal Forms of BUMD, may be Regional Company or Limited Liability Company (LLC). For BUMD, in the form of Regional Companies, the provisions concerning Regional Companies as stipulated in Law No. 5 of 1962 concerning Regional Company. Meanwhile, BUMD, in the form of legal entities is Limited Liability Company that subjects to Law No. 1 of 1995 concerning Limited Liability Company which has been amended by Law No. 40 of 2007 concerning Limited Liability Company. Article 331 of Law No. 23 of 2014 concerning Regional Government states that regions can establish BUMD and may be in the form of Regional Public Liability Company whose establishment is determined by regional regulations. The establishment of this BUMD generally aims to provide benefits for regional economic development, organize public benefits in the form of providing quality goods and/or services for the fulfilment of people’s livelihoods according to the conditions, characteristics and potential of the region based on good corporate governance, and obtain profit and/or profit. The board of directors, due to their negligence and mistakes, must be liable for the Regional Limited Liability Company that has been declared bankrupt; in this case it is jointly and severally over all obligations that are not repaid from bankrupt assets unless the directors can prove that they do not have to be liable (Article 104 paragraph (2) and (4) of UUPT)

scholarly journals Minority Shareholders’ Legal Protection in a Limited Liability Company System

2021 ◽  
Vol 14 (11) ◽  
pp. 1606-1612
Author(s):  
I Gde Sukarmo ◽  
◽  
Hayyanul Haq ◽  
Zainal Asikin ◽  
Salim HS
Keyword(s):  
Research Method ◽  
Legal Protection ◽  
Limited Liability ◽  
Limited Liability Company ◽  
Minority Shareholders ◽  
Shareholder Protection ◽  
The Law ◽  
Legal Concepts ◽  
Laws And Regulations

The purpose of this study is to determine the legal protection model for the majority and minority shareholders in public limited companies. This research method is normative research. To investigate the ineffectiveness of laws and regulations, in particular, Law No. 40 of 2007 on limited liability companies in providing shareholder protection, researchers have studied the laws and regulations and considered the views of experts on legal concepts related to legal protection for shareholders, particularly, minority shareholders. The results showed that the law did not provide maximum legal protection for minority shareholders, creating an imbalance between the rights of the minority and majority shareholders. For this reason, 1) reform or progressive changes in laws and regulations are needed, for instance, in PT Law No. 40 of 2007. These changes should be fundamental to philosophical aspects (values and perspectives) in providing shareholder protection; 2) the review of shareholders’ protection methods should be based on the aspects of fairness

scholarly journals Regulation of legal relationship between shareholders in closely held companies on the example of the Croatian limited liability company 

2018 ◽  
Vol 39 (1) ◽  
pp. 45-90
Author(s):  
Edita Čulinović-Herc ◽  
Sonja Marinac Rumora
Keyword(s):  
Corporate Governance ◽  
Limited Liability ◽  
Limited Liability Company ◽  
Minority Shareholders ◽  
Legal Form ◽  
Legal Relationship ◽  
Governance Challenges ◽  
Article Analysis ◽  
The Right ◽  
Majority Shareholder

<span>This article analysis regulation of legal relationship between shareholders in closely held company. Authors define “closely held companies” by functional approach, analyzing specific features which distinguish this type of companies from all other companies, regardless of their legal form. Available data suggests there are a significant number of these companies in Croatia and abroad. There are two basic corporate governance challenges in closely held company concerning the shareholders relations: potential abuse of its position by the majority shareholder, especially when majority shareholder acts as manager and the so-called “deadlock” when shareholders cannot reach agreement on any decision necessary for normal functioning of the company. Personal relations between the shareholders are in the core of these corporate governance issues. The Croatian private limited liability company is a model of closely held company in Croatia. Thus, this article analysis the withdrawal and exclusion of shareholders in Croatian court practice and its significance for solving the conflicts between shareholders in order to preserve the company. Authors advocate for more extensive use of the right to autonomously regulate the relationships between the shareholders in closely held companies. In that regard, authors suggest to use articles of association for more precise regulation of shareholders relationship, to set higher quorum when deciding important decisions in shareholders’ meeting which would empower the minority shareholders, to leave the important decisions on governing the company in the scope of the shareholders’ meeting and other. Also, authors consider that formation of supervisory body could contribute to achieve balance between the shareholders, especially between the majority and minority shareholders. Set of recommendations set in corporate governance codes could be of great use when drafting the articles of association. In that regard, authors call for de lege ferenda implementation of such a code, following the established practice on the comparative level</span>

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