Analisis Good Corporate Governance Pada Koperasi

In the 1945 Constitution of the State of the Republic of Indonesia there is a chapter that makes the foundation of the establishment and development of Koperasi in Indonesia. Article 33 of the 1945 Constitution of the State of the Republic of Indonesia states that the economy is constituted as a joint effort based on the principle of kinship. In order for Koperasi to develop properly, it is necessary to have a Good Corporate Governance (GCG). To be able to have good governance, then in managing Koperasi there must be transparency, independence, accountability, responsibility, fairness and equality which are the basic principles in good organizational management. This research will try to observe whether Koperasi has implemented the basic principles of Good Corporate Governance (GCG). The research was conducted at Koperasi Pegawai in Surabaya by using research and development approach and descriptive data analysis. The results of data processing show that the principle of transparency obtained index 3.25 can be implemented well which indicated by financial reporting that has been audited by Public Accounting Firm (KAP) for 8 years. The principle of independence obtained index 3.71 is quite manifest in its management. The principle of accountability with the 3.00 index can be implemented well, as indicated by the presence of AD/ART (Anggaran Dasar/Anggaran Rumah Tangga), vision, mission and purpose of the establishment of Koperasi which all refer to Act Number 25 Year 1992. The rules are implemented and conditioned according to the conditions of the Koperasi. The principle of responsibilitas with index 2.71 also can be done well, with the obedience to the regulation of Act Number 25 Year 1992 which is part of responsibility of management and member of Koperasi in execution of duty. The principle of fairness and equality with the 3.43 index is well executed, there is no discrimination due to differences in ethnicity, religion, race, class, gender and physical condition.

Download Full-text

The Effect of Integrated Firm’s Reporting on Firm’s Performance

KnE Social Sciences ◽

10.18502/kss.v4i7.6861 ◽

2020 ◽

Author(s):

Yavida Nurim ◽

Cipto Wardoyo ◽

Sri Astuti ◽

Zuhrohtun .

Keyword(s):

Corporate Governance ◽

Decision Maker ◽

Financial Reporting ◽

Good Governance ◽

Sustainability Reporting ◽

Sustainability Index ◽

Agency Conflict ◽

Concentrated Ownership ◽

Primary Users ◽

Good Corporate Governance

This study investigates the effect of integrated firm’s reporting on firm’s performance. The integrated financial reporting contains of financial, good corporate governance (GCG) and sustainability reporting that shows company’s responsibility to capital providers, environment and social. The important question is whether more disclosure indicates more informative for decision maker. Therefore, it is important to identify which reporting useful for primary users. This study examines 108 public comphanies that granted ISRA (Indonesia Sustainability Reporting Award) from 2013-2017 for firm’s performance, GCG index, and sustainability index. The result shows that information for capital providers can be used for investment and credit decision. This finding indicates company faces agency conflict, so company’s disclosure dedicates for primary users, namely creditor and shareholder. This finding also indicate that earnings more informative than good corporate governance and sustainability reporting. It may show the concentrated ownership in Indonesia encourages management to behave less aggressive. Keywords: Tobin’s Q, integrated firm’s reporting, good governance, sustainability reporting, earnings

Download Full-text

PENGARUH KONVERGENSI IFRS, MEKANISME GOOD CORPORATE GOVERNANCE DAN REPUTASI KANTOR AKUNTAN PUBLIK TERHADAP PENYAMPAIAN LAPORAN KEUANGAN TAHUNAN PADA PERUSAHAAN PUBLIK PERAIH CGPI AWARDS PERIODE 2011-2012

Jurnal Akuntansi Bisnis ◽

10.30813/jab.v8i1.808 ◽

2017 ◽

Vol 8 (1) ◽

Author(s):

Kurniawati Kurniawati

Keyword(s):

Corporate Governance ◽

Financial Reporting ◽

Lead Time ◽

Audit Committee ◽

Governance Mechanism ◽

Font Size ◽

Public Accounting ◽

Accounting Firm ◽

Good Corporate Governance ◽

Corporate Governance Mechanism

This research aimed to examine the effect of IFRS Convergence, Good Corporate Governance mechanism and the reputation of public accounting firm to submission of financial statements (measured by Financial Reporting Lead Time - FRTL). Board of commissioner size and audit committee used as a proxy from good corporate governance mechanism, as well as IFRS Convergence and the reputation of public accounting firm are used as independent variables in this research. The sample used in this research were company listed at Indonesia Stock Exchange that obtained scores in the ranking as Indonesia Most Trusted Companies 2011-2012 by Corporate Governance Perception Index (CGPI). Samples are collected by purposive sampling and resulted in 20 firms as the final sample. The statistic method used was multiplied analysis linear regression, with hypotheses testing of statistic t tests (α = 5%).The results of this research showed that the board of commissioner size and the reputation of public accounting firm has a significant influence to the financial reporting lead time, while IFRS Convergence and audit committee has no significant influence to the financial reporting lead time. Keyword: International Financial Reporting Standards (IFRS) Convergence, Financial Reporting Lead Time, Board of commissioner size, reputation of public accounting firm, audit committee.

Download Full-text

Relationship between the effectiveness of Good Corporate Governance (GCG) policies with the occurrence of corruption cases in the State-Owned Enterprises environment

Journal of Sosial Science ◽

10.46799/jsss.v1i3.34 ◽

2020 ◽

Vol 1 (3) ◽

pp. 78-82

Author(s):

Rahmat Saleh Harahap

Keyword(s):

Corporate Governance ◽

Good Governance ◽

Business Management ◽

The State ◽

Good Corporate Governance ◽

State Owned Enterprise ◽

Distribution Of Resources ◽

The Government ◽

High Level

In the economic system, the role of State-Owned Enterprises is as an implementer of public services, distribution of resources that control the lives of many people, as pioneers/pioneers in the business sector that are not yet desirable by the private sector and as a source of state revenue. This role can be realized if the State-Owned Enterprise in its objectives can implement the principles of Good Corporate Governance (GCG) well. But in reality, it is often difficult to face challenges faced by State-Owned Enterprises managers in implementing good governance. The intervention of State-Owned Enterprises business management with a political-bureaucratic approach that is no different from other government agencies. And at worst there are still a series of corruption cases carried out by the leadership of State-Owned Enterprises to seek personal gain. This is certainly a contradiction with State-Owned Enterprise's governance which is always published. Existing GCG implementation policies are deemed ineffective because they are not adhered to. This illustrates that business governance in ` State-Owned Enterprises itself has not been going well. Improvement in the application of good corporate governance (GCG) must be carried out immediately and the improvement of the GCG ecosystem of the State-Owned Enterprise itself must receive the attention of the government. Synergy is needed with the government's commitment to forcing State-Owned Enterprises to implement GCG in a transparent and accountable manner, with a high level of professionalism and effectiveness. Keywords: Good Corporate Governance State-Owned Enterprises Government Implementation

Download Full-text

An assessment of corporate governance implementation in state-owned enterprises of the emerging economy

Journal of Governance and Regulation ◽

10.22495/jgrv10i4art5 ◽

2021 ◽

Vol 10 (4) ◽

pp. 59-69

Author(s):

Muzi Khumalo ◽

Adrino Mazenda

Keyword(s):

Corporate Governance ◽

South African ◽

Thematic Analysis ◽

Management Practices ◽

Good Governance ◽

African State ◽

The State ◽

Ethical Behaviour ◽

Governance System ◽

Good Corporate Governance

South African state-owned enterprises (SOEs) form a critical cog in the state machinery. The significance of sound corporate governance has become more pronounced as citizens demand more accountability and value in the use of public resources (Vicente, 2020). The paper utilised a qualitative desktop approach, a case study design and thematic analysis to investigate board and executive management practices in the North West Development Corporation (NWDC) corporate governance, factors hindering good corporate governance and lastly recommendations that can be offered to enhance good corporate governance. The NWDC is a regional development finance institution in South Africa, which over the years has continued to implement adverse audit outcomes (AGSA, 2019b). The thematic analysis findings revealed a direct relationship between lack of consequence management and the state of poor corporate governance in the NWDC. The lack of ethical leadership lies at the heart of this morass of SOEs in general. The study, therefore, recommends the full implementation of the existing legislative framework, the Codes on Good Governance and the anti-corruption national strategy in order to inculcate accountability in the South African public agencies that include the NWDC. The paper is relevant in addressing the Auditor-General qualified audits, which underlines the ineffectiveness of the existing SOE governance system by not inherently correlating corporate success with the presence of deeper corporate governance standards and ethical behaviour.

Download Full-text

Understanding decoupling in response to corporate governance reform pressures

Journal of Financial Regulation and Compliance ◽

10.1108/jfrc-04-2014-0019 ◽

2015 ◽

Vol 23 (4) ◽

pp. 369-382 ◽

Cited By ~ 3

Author(s):

Mario Krenn

Keyword(s):

Corporate Governance ◽

Design Methodology ◽

Good Governance ◽

Regulatory Change ◽

Compliance Monitoring ◽

Governance Reform ◽

Firm Level ◽

Content Type ◽

Good Corporate Governance ◽

Actual Use

Purpose – The purpose of this article is to explain under what circumstances firm-level adoption of codes of good corporate governance will more likely be superficial rather than substantive in nature. The article contains lessons for any agency or country that attempts to implement deep and lasting changes in corporate governance via codes of good corporate governance. Design/methodology/approach – The article reviews the literature on compliance with codes of good corporate governance and develops a conceptual model to explain why some firms that have formally adopted a code of good governance decouple this policy from its actual use. Findings – Decoupling in response to the issuance of codes of good corporate governance will be more attractive to firms and also more sustainable under the following conditions: firms’ compliance costs are relatively high firms’ costs of outright and visible non-compliance are relatively high and outsiders’ compliance monitoring costs are relatively high. Originality/value – The article contributes to the debate on compliance and convergence and provides policymakers with a conceptual framework for assessing the likelihood of successful regulatory change in corporate governance.

Download Full-text

Contemporary issues in financial reporting, auditing and corporate governance

10.32890/9789670474564 ◽

2013 ◽

Author(s):

Noor Afza Amran

Keyword(s):

Corporate Governance ◽

Financial Reporting ◽

Ethnic Diversity ◽

Good Governance ◽

Internal Auditors ◽

Corporate Managers ◽

Auditor Choice ◽

External Auditors ◽

Expectation Gap ◽

Corporate Social

Contemporary Issues in Financial Reporting, Auditing and Corporate Governance offers theoretical and empirical background on three fundamental areas of accounting, namely financial reporting, auditing and corporate governance.This book is written in a clear and reader-friendly manner to create readers interest in the central issues of discussion. The uniqueness of this book is in its extensive coverage of national and internationally-oriented issues of financial reporting, auditing and corporate governance. This book is ideal for accounting and business related courses at upper undergraduate and post-graduate levels. With its broad coverage, the book should also be of interest to academicians, professionals, corporate managers, regulatory bodies and researchers.The articles written in this book are: Corporate Social Responsibility and Post-Crisis StrategyEmployee Stock Options Popularity of Financial Ratios in the Annual ReportsThe Relationship between Pension Funds and Dividend PayoutDoes Audit Firm Merger Add Value to Its Clients? Co-operation between Internal and External Auditors: From the Perspective of Internal Auditors in Malaysian Local Authorities Auditor Choice: Events and TheoriesThe Global Audit Expectation Gap: Within and between Muslim CountriesOwnership Holdings: Selected Malaysian Family Businesses Ethnic Diversity in Malaysian Initial Public OfferingsCEO Succession in Malaysian PLCs: Does Firm Characteristic Make a Difference?A Framework of Good Governance: Lessons for the Inland Revenue Board Malaysia.

Download Full-text

The Value of Islamic Guidance for Corporate Governance

ICR Journal ◽

10.52282/icr.v9i2.123 ◽

2018 ◽

Vol 9 (2) ◽

pp. 227-232

Author(s):

Kurt Lieberman

Keyword(s):

Corporate Governance ◽

Good Governance ◽

Positive Influence ◽

Moral Compass ◽

Good Corporate Governance ◽

Suitable Climate

Islamic guidance is a positive influence on humanity in numerous and diverse ways. In addition to its influence on individuals, Islamic guidance for good corporate governance provides a valuable, practical and business-relevant moral compass. For example, when a business incorporates maqasid values into its conduct, a better experience or outcome can usually be expected. Islamic guidance for humanity helps individuals lead a better life. When individuals are part of an organisation, the environment in which they interact needs to be addressed as well. While individuals should strive to be positive and contribute to the improvement of humanity, creating a suitable climate makes the striving easier and more successful. Essentially, governance is the structure, mechanism, and culture that enables good things to happen. When there is good governance, the result can be a virtuous circle where good actions get reinforced and amplified.

Download Full-text

Pengaruh Audit Internal dan Akuntabilitas Suber Daya Manusia terhadap Perwujudan Good Governance pada Lembaga SKK Migas

Jurnal Maksipreneur Manajemen Koperasi dan Entrepreneurship ◽

10.30588/jmp.v5i1.147 ◽

2015 ◽

Vol 5 (1) ◽

pp. 93

Author(s):

Latifah Latifah ◽

A. Rinto Pudyantoro

Keyword(s):

Human Resources ◽

Oil And Gas ◽

Good Governance ◽

Internal Audit ◽

Sampling Technique ◽

The State ◽

Survey Method ◽

Special Unit ◽

The Republic ◽

The Government

Special Unit for Upstream Oil and Gas Business Activities (SKK Migas) is an institution established by the Government of the Republic of Indonesia through Presidential Regulation (Perpres) No. 9 of 2013 on the Management of Upstream Oil and Gas Business Activities. The task of SKK Migas is to manage the upstream oil and gas business activities based on cooperation contracts. The purpose of the establishment of this institution so that retrieval of natural resources of oil and gas owned by the State can provide maximum benefit and acceptance for the state to the greatest prosperity of the people. Based on these tasks and objectives, SKK Migas is responsible to the state and all Indonesian people to work properly, honestly, fairly, cleanly, transparently and competently in order to achieve good governance of state institutions. Therefore, internal monitoring (internal audit) and accountability of its human resources are required. This research has a purpose to test the influence of internal audit and human resource accountability to the achievement of good governance at SKK Migas institution. This research uses survey method with population of all staffs of SKK Migas. Sampling method used is sampling with purposive sampling technique. In this study, 145 samples were taken. Methods of data collection was done by using questionnaires containing several questions with the method of data analysis using multiple regression. The result of this research is to accept both hypothesis which is internal audit have positive effect toward the achievement of good governance in SKK Migas. And the accountability of human resources positively affect the achievement of good governance in SKK Migas.

Download Full-text

Relationship between accounting information systems implementation and corporate governance of rural banks in Indonesia

Diponegoro International Journal of Business ◽

10.14710/dijb.2.1.2019.10-17 ◽

2019 ◽

Vol 2 (1) ◽

pp. 10

Author(s):

Rima Rachmawati

Keyword(s):

Corporate Governance ◽

Information Systems ◽

Data Analysis ◽

Financial Reporting ◽

Accounting Information ◽

Accounting Information Systems ◽

Central Java ◽

Systems Implementation ◽

Good Corporate Governance ◽

Information Systems Implementation

The purpose of this paper is to examine the relationship between accounting information systems implementation and the governance of rural banks (bank perkreditan rakyat/BPR). Specifically, this study examines the effect of bookkeeping systems, financial reporting, budgeting systems, and IFRS for SMEs implementation on good corporate governance of rural banks. PLS-SEM wasemployed for data analysis to 145 rural banks registered in Regional Owned Bank Association of Central Java Indonesia. The results of data analysis found that bookkeeping systems, financial reporting and budgeting systems implemetation positively affectgood corporate governance of rural banks, while IFRS for SMEs implementation was not significantly affectgood corporate governance of rural banks.

Download Full-text

Rekonstruksi Politik Hukum Pidana Nasional (Telaah Kritis Larangan Analogi dalam Hukum Pidana)

Jurnal Konstitusi ◽

10.31078/jk1235 ◽

2016 ◽

Vol 12 (3) ◽

pp. 524

Author(s):

Tongat Tongat

Keyword(s):

Criminal Law ◽

Paradigm Shift ◽

The State ◽

Law Reform ◽

Basic Principles ◽

Draft Code ◽

The Republic

A paradigm shift in the state of life—especially post the Constitution of the Republic of Indonesia 1945 amendments—have not been fully understood properly. Up to now—included in the lawless life—is still a gap between the paradigm and its implementation . This paradigmatic gap visible example of the lack of a comprehensive implementation of the basic principles of the Constitution of the Republic of Indonesia 1945 in a national criminal law reform ( draft Code of Criminal Law ) . The draft Code of Criminal Law as one form of national criminal law reform is seen has not fully represent constitution demands. Prohibiting the use of analogy in criminal law is still seen at odds with the provisions of Article 1 ( 3 ) of the Constitution of the Republic of Indonesia 1945. The gap is not only paradigmatic potential to cause difficulties in its application, but also potentially the cancellation clause in the legislation concerned.

Download Full-text