The comparison of five companies that has implemented Good Corporate Governance (GCG) and among those five companies which one has implemented the best GCG

Good Corporate Governance (GCG) can come from state-owned companies, private companies, BUMD, BPD, BPR, Insurance Company, and Multi-finance Company. Economic magazine has organized Indonesia Good Corporate Governance Award in 2017. The five companies that has implemented Good Corporate Governance are PT. Aneka Tambang (Persero), Tbk (BUMN), PT Pelindo II (BUMN – Non Tbk), PT ABM Investama (Swasta – Tbk), PT Bank Jatim (Bank – Tbk), and PT Bank KEB Hana Indonesia (Bank – Non Tbk). The comparison of five companies that has implemented Good Corporate Governance as follows:

In implementing GCG, PT. Aneka Tambang has complied with the regulatory compliance and seriously applied it in all operational activities carried out by always paying attention to GCG principles (Transparency, Accountability, Responsibility, Independency and Fairness). The implementation of GCG principles in PT Pelabuhan Indonesia (Pelindo) II refers to a number of juridical regulations namely Law No. 19 of 2003 concerning State-Owned Enterprises; and Law No. 40 of 2007 on Limited Liability Company. The implementation of GCG in PT ABM Investama is based on the provisions in Law No. 40/2007 on Limited Liability Companies, Good Corporate Governance Guidelines in Indonesia issued by the National Committee on Governance Policy, regulations from the Financial Services Authority, and regulations of the Indonesia Stock Exchange. ABM also continually reviews the best practices in business and applies them in a way that is appropriate for its own business. To develop, implement and improve Good Corporate Governance, Bank Jatim has collaboration with BPKP Jatim. In supporting the strengthening of good governance, Bank KEB Hana always implements GCG practices in accordance with prevailing standards and applies transparency, accountability, responsibility, independency and fairness principles then seeks to improve the quality of corporate governance practices through the improvement of the governance practices followed by the Board of Commissioners, the Board of Directors, all employees of Bank KEB Hana and the parties concerned with the bank. Among those five companies which one has implemented the best GCG is PT. Aneka Tambang. The company is not only to comply with the laws and regulations, but to implement it in all operational activities which are carried out by always paying attention to the GCG principles (Transparency, Accountability, Responsibility, Independency and Fairness).

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