The Urgency of Good Corporate Governance in The Per-spective of Business Law in Indonesia

The implementation of Good Corporate Governance (GCG) principles in business practices in Indonesia has a high urgency to create a healthy, transparent and equitable business climate. This article examines the importance of GCG implementation from the perspective of business law, by highlighting the various challenges faced by business actors in implementing the principles of transparency, accountability, responsibility, independence, and fairness. The study also analyzes the role of regulation and law enforcement in strengthening GCG practices and their impact on investor protection and business continuity. Using a juristic normative approach, this article emphasizes that GCG is not only an ethical instrument, but also a legal obligation that supports the creation of sustainable and highly competitive corporate governance at the national and global levels.

Authors

Publication Details

Journal
LITERACY International Scientific Journals of Social Education Humanities
Published
2025-04-25
DOI
https://doi.org/10.56910/literacy.v4i1.2034
Citations
1
Primary Topic
Indonesian Legal and Regulatory Studies
Type
article
Field-Weighted Citation Impact
8.52
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article

The Urgency of Good Corporate Governance in The Per-spective of Business Law in Indonesia

Nandang Sambas, Ashuri Ashuri
1 citations
LITERACY International Scientific Journals of Social Education Humanities
Indonesian Legal and Regulatory Studies
8.52
article

The Urgency of Good Corporate Governance in The Per-spective of Business Law in Indonesia

Nandang Sambas, Ashuri Ashuri
article en
1 citations

Abstract

The implementation of Good Corporate Governance (GCG) principles in business practices in Indonesia has a high urgency to create a healthy, transparent and equitable business climate. This article examines the importance of GCG implementation from the perspective of business law, by highlighting the various challenges faced by business actors in implementing the principles of transparency, accountability, responsibility, independence, and fairness. The study also analyzes the role of regulation and law enforcement in strengthening GCG practices and their impact on investor protection and business continuity. Using a juristic normative approach, this article emphasizes that GCG is not only an ethical instrument, but also a legal obligation that supports the creation of sustainable and highly competitive corporate governance at the national and global levels.

LITERACY International Scientific Journals of Social Education HumanitiesVol. 4(1)
Openalex Percentile: Top 5%
Indonesian Legal and Regulatory Studies
8.52
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