Due diligence, tenure and agricultural investment - A guide on the dual responsibilities of private sector lawyers in advising on the acquisition of land and natural resources

2019 ◽  
Author(s):  
Yuskar Yuskar

Good governance is a ware to create an efficient, effective and accountable government by keeping a balanced interaction well between government, private sector and society role. The implementation of a good governance is aimed to recover the public trust for the government that has been lost for the last several years because of financial, economic and trust crisis further multidimensional crisis. The Misunderstanding concept and unconcerned manner of government in implementing a good governance lately have caused unstability, deviation and injustice for Indonesia society. This paper is a literature study explaining a concept, principles and characteristics of a good governance. Furthermore, it explains the definition, development and utility of an efficient, effective and accountable government in creating a good governance mechanism having a strong impact to the democratic economy and social welfare. It also analyzes the importance of government concern for improving democratic economy suitable with human and natural resources and the culture values of Indonesia.


2018 ◽  
Vol 54 (3) ◽  
pp. 407-425 ◽  
Author(s):  
Martijn C Vlaskamp

Natural resources can be an important source of funding for warring parties in armed conflicts. Curbing the trade in these so-called conflict resources is, therefore, part of the European Union’s conflict management policies. The article explores the EU’s policies in this field and asks, specifically, why the EU is using supply chain due-diligence measures to achieve this goal. The author argues that they are the response to enforcement problems of most existing multilateral and unilateral sanction regimes because of state weakness in the targeted regions. This approach results from a broader idea from the EU that transparency can improve resource governance and, therefore, safeguard both its political and economic interests in conflict zones, such as the eastern Democratic Republic of the Congo. However, when the issue becomes specific—as in the EU Conflict Minerals Regulation—translating this idea into concrete policies becomes more contentious as the EU institutions set different priorities for the final policy design.


2018 ◽  
Vol 74 ◽  
pp. 02002
Author(s):  
Asri Setianingrum Kenyo Handadari ◽  
Widodo Setiyo Pranowo

There are more than 40 reclamation cases in Indonesia during these 10 years. The classical purpose of reclamation addressed for increasing the benefit of natural resources and community welfare, but in fact in some cases it contributes the environmental problem and social conflict. Benoa coastal bay is one of the proposed to be reclaimed by private sector and had declined by most local people. The aims of this research are analyzing the sustainability of marine and coastal resources in Benoa coastal bay reclamation site based on environmental dimension. This research is conducted using quantitative multi-dimensional scaling (MDS) approach for assessing the sustainability of marine and coastal resources. The assessment result shows that the reclamation will made the environmental less sustainability (49,88% out of 100%). Further consideration is needed if the reclamation is still planning to be implemented in Benoa coastal bay.


Author(s):  
Tumai Murombo ◽  
Isaac Munyuki

A recent development in South African environmental law is the use of plea and sentencing agreements. The main objective of environmental law is to promote the sustainable use of natural resources while preventing pollution and ecological degradation. Grand environmental due diligence processes could achieve sustainable development; the use of criminal sanctions with sentencing agreements could be more effective. This paper answers the question whether the plea and sentencing agreements in reality achieve the objectives of environmental regulation? This study analyses this recent development by looking at selected recent cases in South Africa. The study found that plea and sentence agreements are potentially effective, subject to the effective monitoring of compliance and enforcement against non-compliance with the undertakings made by the accused person. Without institutional strengthening and effective monitoring, the plea and sentence agreement procedure remains ineffective.


2017 ◽  
Author(s):  
Sumitro Sarkum

Indonesia has a very big role in the struggle for the implementation of Islamic economics globally. Although the empowerment of SMEs that are proven to anticipate the crisis has not been fully implemented with the maximum and management of natural resources have not been exploited specifically. Indonesia's dependence on foreign debt increase the budget deficit, assuming other factors remain unchanged, because the expenditure for the payment of principal and interest on loans the central government expenditure is higher than revenue. State sukuk important as Islamic financial growth driver as a reference for the private sector to issue sukuk and investment instruments for financial institutions to have additional liquidity, but also used by Bank Indonesia as an instrument of open market operations in this practice in accordance with the SME sector business climate


Author(s):  
Richard Connolly

The Russian economy was shaped by three major factors—an excessive focus on security, a dominant state, and a weak market. ‘Forces that shaped the economy in Russia’ traces these features back to Russia’s imperial past. The Mongol Golden Horde was replaced with central authorities who also relied on high levels of taxation. With a large workforce and abundant natural resources, Russia could mobilize considerable resources in responding to external threats or grand projects like the building of St Petersburg. However, the private sector remained weak. Why would entrepreneurs invest in new enterprises when their initiatives were stifled by a cumbersome state that valued connections above innovation?


2020 ◽  
Vol 8 (3) ◽  
pp. 191-201
Author(s):  
Tunde Charles Ojuolape ◽  
Tony Mofehintolu Akinnola

The study examined the effects of auditors’ culpability on creative accounting in Southwest Nigeria. The study employed questionnaire to gather data from 66 managers and 66 accountants. The study was analysed with the use of descriptive statistics and One Way Analysis of Variance to test the hypotheses of the study. The study found that auditors’ culpability has no effect on creative accounting in private sector in Nigeria. The study revealed that that the reasons for statutory auditors engaging in creative accounting practices have effect on the practice of creative accounting in Nigeria. The study recommends that accountants should uphold high ethical standards and maintain integrity in all their professional dealings. Accountants should not allow personal prejudice or bias to override the principle of objectivity, transparency and due diligence in the profession. Auditors must not only develop questioning mind, skill for critical assessment of audit evidence but must also exercise these skills with reasonable care and diligence.


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