scholarly journals Implementation of GCG Principles in Distribution of Credit in SOE/BUMD Bank

2021 ◽  
Vol 1 (3) ◽  
pp. 118-128
Author(s):  
Indra Gunawan Purba
Keyword(s):  
Board Of Directors ◽  
Economic Losses ◽  
Customer Data ◽  
The Public ◽  
Field State ◽  
The Board Of Directors ◽  
Bad Loans ◽  
Banking Credit ◽  
Goals And Objectives

The aims this study is to find out Implementation of GCG Principles in Distribution of Credit in SOE/BUMD Bank. This study use normative juridical research. The resul in this study shows that The board of directors and management of BUMN/BUMD banks absolutely must understand and apply the principles of GCG, especially in lending by applying the principles of GCG to prevent the occurrence of credit that has the potential to harm the company due to the lack of prudence and responsibility of officers to carry out loans. verification of customer data in the field. State-owned/BUMD Banks are required to be guided by the principles of GCG in implementing management so that the achievement of the goals and objectives, especially through the distribution of banking credit to the public and debtor customers can be obtained properly and maximally or at least not experiencing bad loans which have the potential to cause economic losses for the Bank BUMN/BUMD.

scholarly journals Tanggung Jawab Direksi dalam Meningkatkan Citra Bank (Suatu Telaah Yuridis Normatif)

Wajah Hukum ◽  
2021 ◽  
Vol 5 (2) ◽  
pp. 682
Author(s):  
Sriayu Indah Puspita
Keyword(s):  
Board Of Directors ◽  
Banking Sector ◽  
Public Trust ◽  
Public Funds ◽  
The Public ◽  
Bank Secrecy ◽  
The Board Of Directors ◽  
Banking Institutions ◽  
The Government

At this time the banking world has a very important function in the Indonesian economy. Banking is an institution that functions to collect and distribute public funds. For this reason, in order to maintain public trust in the bank, the government continues to try to protect or protect the public from irresponsible persons who can damage public trust in the bank. The issue of civil liability for negligence or carelessness that occurs in a bank can be related to the management of the bank. In order to increase the function of common awareness towards banking institutions, regulations regarding bank secrecy which have been very secretive must be revised immediately. The bank secrecy in question is one of the elements that every bank needs to have as an institution of public trust. Banking practices that violate the laws and regulations in the banking sector as long as these regulations are considered a weakness that can harm their interests, even the owner or management of the bank uses the existing regulatory loopholes so that in the end the bank is in an unhealthy condition. For that we need to know and understand how the bank can improve its image and the role of the board of directors in overcoming the problems faced and how to overcome these problems. The Board of Directors has an important role in the management of the bank, the board of directors is also required to regulate the bank according to its authority and responsibility as stipulated in the articles of association and the provisions of the applicable regulations. The image of the bank is built through communication programs and combined with customer experiences interacting with the bank. 

Harry English

1933 ◽  
Vol 26 (8) ◽  
pp. 491
Keyword(s):  
Public Schools ◽  
Board Of Directors ◽  
National Council ◽  
The Public ◽  
The Board Of Directors

Harry English, a former member of the board of directors of the National Council of Teachers of Mathematics and retired chief examiner of the public schools of Washington, D. C. died at his home in McLean, Va. on June 8, 1933. He was 67 years old.

Power and Accountability on the Pennsylvania Railroad, 1846–1878

1975 ◽  
Vol 49 (1) ◽  
pp. 37-59 ◽  
Author(s):  
James A. Ward
Keyword(s):  
Board Of Directors ◽  
State Legislature ◽  
Public Accountability ◽  
The Public ◽  
The Road ◽  
Professional Managers ◽  
Managerial Decisions ◽  
The Board Of Directors ◽  
Pennsylvania Railroad ◽  
High Degree

Despite attempts by the state legislature to fashion the charter of the Pennsylvania Railroad in such a way as to insure a high degree of managerial accountability to the board of directors and to make the corporation broadly accountable to the public, things turned out very differently. The volume and complexity of managerial decisions quickly brought a centralization of power in the hands of the road's professional managers as the board atrophied, and the economic and political power of the road and its dominant figures (J. Edgar Thomson and Thomas A. Scott) negated much of the principle of public accountability.

scholarly journals Looking into the Governance of a Public Service Organization in Malta

2020 ◽  
Vol 16 (31) ◽  
Author(s):  
Karen Cacciattolo
Keyword(s):  
Public Service ◽  
Qualitative Data ◽  
Mission Statement ◽  
Service Organization ◽  
The Public ◽  
Qualitative Research Design ◽  
The Board Of Directors ◽  
Qualitative Data Analysis Software ◽  
The Relationship ◽  
Goals And Objectives

The study presented in this paper identified the type of synergy and relationship that exists between the employees and other stakeholders of a public service organization in Malta entrusted with cultural and artistic activities. Evidence was gained from indepth interviews and a total of sixty participants took part in the study, which employed a qualitative research design. A methodology based on an inductivist approach was used to explore the participants’ experiences, thoughts and opinions. Collected data, which was transcribed and converted to text, was analyzed by using the N-VIVO Qualitative Data Analysis software. In general, the governance as it stands today seems to be ‘righteous’. Employees are satisfied with their job and stakeholders are proud to be working for the organization. However, no one knows what the mission statement of the organization is or whether it exists and thus, the mission needs to be clearly and continuously communicated to all. In addition, even though everyone seems to know what the organization stands for, no one knows the exact goals and objectives, and thus, these are required to be rephrased and communicated more to all. With regards to the relationship, synergy and communication between all parties, in general it seems to be good: the weekly meetings between the management and subordinates are of benefit, and there is a cordial relationship between all parties. However, there needs to be more communication with the team of the creative director. Also, more information on the team of the creative director needs to be made visible to the Management Team and the public alike. As regards to the Board of Directors, employees and stakeholders are questioning the suitability and necessity of some of the directors acting in their own capacity since from the study it transpired that they do not seem to be contributing much.

scholarly journals CONTROLLED REMUNERATION. ABOUT THE REMUNERATION OF SENIOR OFFICIALS AND DIRECTORS IN STATE-OWNED COMPANIES

2020 ◽  
pp. 1-40
Author(s):  
José Carlos Espigares Huete ◽  
María del Carmen Ortiz del Valle
Keyword(s):  
Corporate Governance ◽  
Private Sector ◽  
Executive Functions ◽  
Board Of Directors ◽  
Business Sector ◽  
Private Companies ◽  
The Public ◽  
Leading Role ◽  
Good Corporate Governance ◽  
The Board Of Directors

Controlled remuneration in state-owned companies, or those assisted by the state - giving them grant-in-aids -, is a matter that raises a certain sensibility. Therefore, there’s a need to combine - particularly in the corporate scope - the concept of transparency and good corporate governance. This sensitivity, which is increasingly demanded within private companies, shall be even more pronounced within the public business sector. The worldwide-known concept of Corporate Governance has been developing an essential leading role for years, which is directly linked to the desire of having companies with better functioning. In this sense, and as an example, the most recent expression of this can be found in the Law of Spain, exclusively with regard to the private sector, in the Act 21/2014, of 3rd December, by which the Spanish Capital Company Act is consolidated for the amelioration of corporate governance. Among the introduced amends, the most highlighted ones are notably those affecting the governing body. For instance, the duties of diligence and loyalty are specified and there’s a more detailed regulation of the liability regime of administration members regarding management, organization and functioning of the board of directors, enhancing its supervising role in terms of performance of directors with executive functions and, more specifically, establishing stricter controls on remuneration of senior official positions.

scholarly journals Misleading outside directors in public companies – The Israeli case

2006 ◽  
Vol 2 (1) ◽  
pp. 33-38
Author(s):  
David A. Frenkel ◽  
Yotam Lurie
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Public Interest ◽  
Outside Directors ◽  
Public Companies ◽  
The Public ◽  
The Board Of Directors ◽  
Organisational Sociology ◽  
Depth Interviews

The external directors, who serve by law on the board of directors, are responsible for ensuring that, in addition to protecting the interests of stakeholders, the company will take the public interest into consideration. In this research we critically assess this system of corporate governance, and examine whether the external directors can actually succeed in looking out for the public’s interest. The research is based on in-depth interviews with external directors of leading public companies in Israel, representing different sectors. The issue at stake is both conceptual and practical: Conceptually there is an issue of how the notion of "the public interest" is understood and whether the legal construct of "outside directors" is capable of manifesting the public interest. Practically the issue at stake has to do with organisational sociology and how the relations within the Board are set and who are the outside directors.

scholarly journals Pertanggungjawaban Direktur atas Kewenangan Mewakili Perseroan Terbatas yang telah Habis Masa Kepengurusannya

2019 ◽  
Vol 8 (1) ◽  
pp. 67-80
Author(s):  
Eduard Rudy Suharto
Keyword(s):  
Board Of Directors ◽  
Limited Liability ◽  
Limited Liability Company ◽  
The Board Of Directors ◽  
The Law ◽  
A Company ◽  
Goals And Objectives

The Board of Directors is the only organ of the company that has power, authority and is fullyresponsible for managing the company solely for the interests of a company, in accordancewith the company's goals and objectives, and has the power, authority and responsibility torepresent the company both inside and outside the court with the provisions of the articles ofassociation that have been made. Directors in the Company have a term of office as stated inthe Deed of Establishment of a Limited Liability Company. If the term of office of the Board ofDirectors is exhausted, then it must be done by the GMS. If the Board of Directors does nothold a GMS, then the position of the Board of Directors is not valid before the Law and doesnot have an interest in representing the Company either inside or outside the Court.Keywords : Directors, RUPS, Court

Neurosurgery in the eighties: a challenge

1983 ◽  
Vol 59 (2) ◽  
pp. 189-194 ◽  
Author(s):  
Frank R. Wrenn
Keyword(s):  
Board Of Directors ◽  
Information Management ◽  
Planning Process ◽  
American Association ◽  
Major Goal ◽  
Content Type ◽  
The Board Of Directors ◽  
Long Range Planning ◽  
Goals And Objectives ◽  
Fine Print

✓ The President of the American Association of Neurological Surgeons (AANS) discusses some matters of serious concern to neurosurgeons as they enter the last two decades of the 20th century. Some considerations derived from the long-range planning process of the Board of Directors of the AANS are described, along with goals and objectives which are designed to produce more consistent plans, actions, and information management. After a review of several published discussions of the dilemma of American physicians, there follows a challenge to neurosurgeons to look within themselves, to lay aside self-serving activities, and to rededicate themselves to the service of neurosurgical causes with the pursuit of excellence as their major goal.

Corporate Governance in European IPOs

2018 ◽  
pp. 505-533
Author(s):  
Fabio Bertoni ◽  
Michelle Meoli ◽  
Silvio Vismara
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Empirical Evidence ◽  
Initial Public Offering ◽  
Board Independence ◽  
The Public ◽  
The Board Of Directors ◽  
Significant Step ◽  
Public Offering ◽  
A Company

Establishing effective corporate governance is most important at the time of an initial public offering (IPO), because the IPO represents a significant step by a company toward moving to the public arena. This chapter focuses on three characteristics that help describe structure of the board of directors at the time of IPO: board size (i.e., the number of members on a board), board independence (i.e., the proportion of non-executive members on the board), and board leadership (i.e., the choice to overlap the roles of CEO and chairman of the board). The chapter presents empirical evidence from a sample of 969 companies that went public between 1995 and 2011 in France, Germany, and Italy that shows how these companies differ from their US and UK counterparts.

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