IMPLEMENTASI PRINSIP GOOD CORPORATE GOVERNANCE DALAM PERSPEKTIF HUKUM BISNIS

Abstract

Good Corporate Governance (GCG) is a fundamental principle in modern corporate governance that aims to create transparency, accountability, responsibility, independence, and fairness in every aspect of business activities. This study discusses the implementation of GCG principles from a business law perspective in Indonesia, emphasizing the role of regulations, supporting factors, inhibiting factors, and the legal consequences that arise if companies do not implement them. The research method used is normative legal research with a statutory and conceptual approach. The results of the discussion indicate that regulations in Indonesia, such as the Limited Liability Company Law, the Financial Services Authority (OJK) regulations, and the policies of the Ministry of State-Owned Enterprises, have provided a strong legal basis for implementing GCG principles. However, there are still obstacles such as weak law enforcement, a business culture that is permissive towards deviant practices, the dominance of majority shareholders, and low management awareness regarding the importance of good governance. On the other hand, supporting factors such as top management commitment, the influence of foreign investors, advances in information technology, and increasing public awareness are important capital in strengthening the implementation of GCG. Legal consequences for companies that fail to comply with GCG principles include administrative sanctions, criminal prosecution, civil lawsuits, and even loss of reputation among the public and investors. Therefore, implementing GCG from a business law perspective is not merely a legal obligation but a strategic necessity to maintain a company's sustainability, competitiveness, and credibility at the national and global levels.