Establishing Good Corporate Governance in Overcoming the Dualism of State Owned Enterprises Sectoral

DOI

10.2991/assehr.k.211014.015How to use a DOI?

Keywords

BUMN, Good Corporate Governance, Management

Abstract

This study was done to answers 2 (two) research problems: (i) why is it necessary to establish good corporate governance in overcoming the sectoral dualism of BUMN/SOEs; and (ii) how the BUMN/SOEs based on good corporate governance are able to optimize the management of natural resources in a professional manner. BUMN (State Owned Enterprises/SOEs) is a public company which is one of the tools of the state to ensure the welfare of the people, including the realm of the natural resource management. However, sectoral dualism makes SOEs trapped in the demands for profit-oriented obligations and subject to the Limited Liability Company Law (UU PT). This is a problem in the management of natural resources by SOEs. SOEs are trapped in the political intervention, individuals who take advantage of this situation and as a result, the main task of SOEs as public services cannot be optimal. This study was done using a normative research with primary and secondary legal materials, analyzed deductively with a statutory and philosophical-conceptual approach. The results of the study indicate: (i) the urgency of establishing good corporate governance in overcoming the sectoral dualism of BUMN (State Owned Enterprises) are: a. SOEs do not yet have the stability of functions and objectives, b. BUMN management is still filled with the government intervention; (ii) the optimization of natural resource management based on good corporate governance by BUMN are: a. internalization of the principles of accountability and professionalism, c. build a healthy partnership pattern between the government and SOEs.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Tuhana
AU  - Jamal Wiwoho
AU  - I Gusti Ayu Ketut Rachmi Handayani
PY  - 2021
DA  - 2021/10/16
TI  - Establishing Good Corporate Governance in Overcoming the Dualism of State Owned Enterprises Sectoral
BT  - Proceedings of the International Conference on Environmental and Energy Policy (ICEEP 2021)
PB  - Atlantis Press
SP  - 62
EP  - 67
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211014.015
DO  - 10.2991/assehr.k.211014.015
ID  - 2021
ER  -